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re: what are your thoughts on Lakeview?
Posted on 7/25/14 at 12:17 pm to lsupride87
Posted on 7/25/14 at 12:17 pm to lsupride87
quote:
I like Lakeview, but as someone who has traveled alot, I can comfortably say I think it is the most overpriced neighborhood I have ever seen
It's about $130 a square foot cheaper than some other parts of the city.
0
Posted on 7/25/14 at 12:18 pm to Clint Torres
fricking love living in Lakeview 
Posted on 7/25/14 at 12:19 pm to Clint Torres
quote:
yeah.. max budget would be ~400k but would prefer low to mid 300s. is it even possible to find a decent 3br/2ba in uptown for that kind of money?
Ten years ago maybe. Today, nope
This post was edited on 7/25/14 at 12:20 pm
Posted on 7/25/14 at 12:20 pm to mylsuhat
quote:
fricking love living in Lakeview
it seems like it's mostly geezers and that's a concern for us. is that perception wrong?
Posted on 7/25/14 at 12:21 pm to Clint Torres
Do y'all plan on having kids? If so, Lakeview is great. If not, live in MidCity, Warehouse District, or Uptown. Marigny/Bywater if you're hipsters.
Posted on 7/25/14 at 12:21 pm to lsupride87
quote:
mid 30s and no kids. Affording a 900k house is not that crazy
Lets just assume he has the $180,000 lying around to put down 20%. That makes his loan $720,000. That makes his mortgage only about 3,700 a month. Add in insurance and taxes and we are looking at about a 5,500 monthly payment. Not exactly what I would call affordable for most people in there 30s
This post was edited on 7/25/14 at 12:23 pm
Posted on 7/25/14 at 12:22 pm to lsupride87
Yeah but he's an OTer, not an average middle class Louisianian
Posted on 7/25/14 at 12:23 pm to ladytiger118
quote:
Do y'all plan on having kids?
definitely haven't ruled it out
Posted on 7/25/14 at 12:23 pm to lsupride87
RollTheRock is high dolla' ho. 
Posted on 7/25/14 at 12:24 pm to RollTheRock
quote:
(and affordable -under 900k)
Posted on 7/25/14 at 12:25 pm to lsupride87
Maybe it was a bad assumption on my part. I assumed he was presently in a home that he could sell. Take the profit on that sale to put down on the new house (that's the $180k you mentioned). Then if he and his wife made 200k a year (maybe even less) they could swing a 900k home.
This post was edited on 7/25/14 at 12:27 pm
Posted on 7/25/14 at 12:27 pm to RollTheRock
quote:
Then if he and his wife made 200k a year
Once again, reality, you need to find it. You are talking about the 91st percentile. 
Posted on 7/25/14 at 12:28 pm to Clint Torres
Kenilworth >>> Lakeview >> Joe Brown, Goretti, Milne
Posted on 7/25/14 at 12:28 pm to RollTheRock
You're either young or your family is $$$$$$$$.
You may be one of the few, very few people that hit the jackpot with some business idea at a young age but no, you still need some sense of reality to do that.
You may be one of the few, very few people that hit the jackpot with some business idea at a young age but no, you still need some sense of reality to do that.
This post was edited on 7/25/14 at 12:31 pm
Posted on 7/25/14 at 12:29 pm to lsupride87
Meh. A lot of people fit into that category. It's not uncommon at all.
Posted on 7/25/14 at 12:30 pm to Clint Torres
quote:
it seems like it's mostly geezers and that's a concern for us. is that perception wrong?
Pre-Katrina it was a good percentage of old people living in post-WWII bungalows they built. No one ever moved so property values were high. After Katrina, neighborhood destroyed and all the old people left for the most part. Young people bought up $75k lots and then the builders moved in.
A critical mass of young people built and it became a hotspot. Property prices have gained significantly in the last 3 years. The area is now dominated by late-20's to mid-30's new money people and wannna be new money types with mortgages they cannot afford.
Edit: There are a lot of great young families in Lakeview (and several lame ones as well). Not mostly geizers.
This post was edited on 7/25/14 at 12:31 pm
Posted on 7/25/14 at 12:30 pm to Clint Torres
quote:Very wrong. I'm 25 and I know a lot of people my age there. There are a lot of people in the 25-40 range
it seems like it's mostly geezers and that's a concern for us. is that perception wrong?
Posted on 7/25/14 at 12:31 pm to RollTheRock
quote:
Take the profit on that sale to put down on the new house (that's the $180k you mentioned
Solid
Posted on 7/25/14 at 12:31 pm to RollTheRock
quote:Dude, when you are talking about the 91st percentile in terms of rich, that is uncommon moron
Meh. A lot of people fit into that category. It's not uncommon at all.
Posted on 7/25/14 at 12:32 pm to biglego
quote:Yeh, apparently not only is the guy doing well(making 200k) but he is a hell of an investor turning 180k profit on his first house
Solid
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