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re: Will Gentrification Ever Happen in Baton Rouge?

Posted on 3/23/23 at 9:56 am to
Posted by dewster
Chicago
Member since Aug 2006
25395 posts
Posted on 3/23/23 at 9:56 am to
quote:

Tara definitely should not be on your list.

I think for a neighborhood to qualify as needing gentrification it has to be completely rock bottom. Which these are not.


Technically it just needs to have declined:..which can happen as the residents age and a period of time passed before it becomes favorable to younger homebuyers or renters.

Capitol Heights, Tara and Broadmoor were never bad neighborhoods and were never dangerous. But they became stale and “old people” neighborhoods for a while. The housing stock aged as the hotter new neighborhoods were developed.

They are now seeing a healthy cycle of reinvestment with younger homebuyers. Not as big of a “before and after” as Spanish Town had 40 years ago, but it’s definitely happening.

I’m seeing the “aging” trend happening in parts of Shenandoah now. But what will save that area is the sheer size of the neighborhood. It’s massive and was developed over 20 years, so there is a diverse age range in there. Parts of it were only just built out 10/15 years ago.
This post was edited on 3/23/23 at 10:48 am
Posted by longtooth
Member since Jun 2013
414 posts
Posted on 3/23/23 at 11:28 am to
I think the main thing holding back some neighborhoods is the interest rate on mortgages. Parts of Broadmoor were seeing constant, non-flood related renovations and updates prior to that.

I think you are right about Shenandoah. It seems to be in a state of flux. Broadmoor and Sherwood are seeing very similar price ranges for nicer homes. My biggest gripe with Shenandoah is that there are a lot of houses under 2k square feet. And I’m not really a fan of any of the architecture until you start getting into White Oak Landing (where most homes I see for sale are also in need of extensive and expensive renovations).

Sherwood is one of my favorite neighborhoods honestly. It’s got everything you could want in architecture, yard sizes, connectivity and location, etc. but there is just a lot of ghetto apartments nearby.

Someone needs to gentrify all the apartments and duplexes around Sherwood and Shenandoah or just bulldoze. That would make worlds of difference.

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