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Bait n Switch - new neighborhood S. Harrell's Ferry/O'Neal
Posted on 10/18/23 at 8:31 am
Posted on 10/18/23 at 8:31 am
SIAP: Looks like Baton Rouge is finally experiencing a bait n switch style neighborhood similar to cities like Houston who've experienced this before. The developer gives the illusion that all 120 plus homes will be single-family sold houses, then midstream they turn the whole thing into rental. I feel bad for the surrounding area homeowners.
Link from WBRZ: New Rental Neighborhood in Baton Rouge
Link from WBRZ: New Rental Neighborhood in Baton Rouge
This post was edited on 10/18/23 at 8:35 am
23
Posted on 10/18/23 at 8:34 am to Tomatocantender
Lots of those popping up around me, north Houston. A few are extremely nice, but most look like there will be abandoned Dodge Chargers in 3 months.
Posted on 10/18/23 at 8:35 am to Tomatocantender
Damn I was hoping this wouldn't really happen in Louisiana.
Posted on 10/18/23 at 8:35 am to Tomatocantender
This is by design and what the globalists want.
Posted on 10/18/23 at 8:35 am to Tomatocantender
Soon to be Gardere Lane.
Posted on 10/18/23 at 8:45 am to Tomatocantender
Theres a market to rent out neighborhoods like this and sell them to bigger private equity firms. Also, when houses are not selling and you still have to pay the continually rising interest on your loans you took out to develop the land, you need cashflow
This guy has other developments in BR and out in Zachary
This guy has other developments in BR and out in Zachary
Posted on 10/18/23 at 8:45 am to Tomatocantender
His first red flag should have been that DR Horton is the developer
Posted on 10/18/23 at 8:47 am to Tomatocantender
I never thought this would be an actual thing but i have seen 4 separate articles about these
One was like 100 house subdivision that was all rentals
One was like 100 house subdivision that was all rentals
Posted on 10/18/23 at 8:51 am to Tomatocantender
Buy land. Any amount you can.
One acre or 100. The last private citizens to hold any kind of influence will be land owners.
One acre or 100. The last private citizens to hold any kind of influence will be land owners.
Posted on 10/18/23 at 8:51 am to Tomatocantender
See Sugarmill on the west bank.
Posted on 10/18/23 at 8:53 am to Tomatocantender
Scum landlords
Posted on 10/18/23 at 8:55 am to Tomatocantender
I’m questioning whether they can even rent out all these houses for the price they are asking.
Posted on 10/18/23 at 8:55 am to Tomatocantender
Couldn’t imagine renting a cookie cutter shite hole for $2,600/month
Posted on 10/18/23 at 8:55 am to Tomatocantender
quote:
The developer installed a tall fence around the property and built a detention pond
Is this where they send the neighbors who complain too much?
Posted on 10/18/23 at 9:00 am to Tomatocantender
Where is the Metro Council on this? (he asks with feigned innocence)
Posted on 10/18/23 at 9:08 am to Tomatocantender
People talk shite about HOAs, but it's nice having a no rent rule in your neighborhood keeping property values high.
Posted on 10/18/23 at 9:27 am to Tomatocantender
Single family development was planned and single family homes were built. So if they were all sold to individuals and then they all rented them people would be ok?
Posted on 10/18/23 at 9:39 am to Tomatocantender
developer?
Posted on 10/18/23 at 10:46 am to Tomatocantender
Clearlake, the neighborhood adjacent to this development has houses in the $600k range and higher. Imagine going from having woods behind your house to having 1100 sq foot rentals. I've heard they connected the dead-end road shown below to the rental neighborhood also.
Posted on 10/18/23 at 11:09 am to Tomatocantender
I agree with the concern, but its a slippery slope. Zoning only defines how you "use" your land, not how you "own" you land. A single-family residential rental with a 12 month lease is a single-family residential use (as opposed to short-term rentals, but that's another debate all together). If the government said you can't rent your property (within reason) that would clearly be an infringement of property rights.
That said, I hope there are solutions to fix this because I do think these developments make it harder (less supply) for middle class families to become homeowners.
That said, I hope there are solutions to fix this because I do think these developments make it harder (less supply) for middle class families to become homeowners.
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