Baton Rouge Real Estate

I don't live there anymore but my impression was that the good market was enhanced by not only the mortgage bubble that was going on everywhere else, but also by post-Katrina construction.

Could be wrong though. But to answer your question, nobody really knows what the trend will be.

As long as commuters are stacked up for miles and miles heading in every morning from the east, I think Baton Rouge real estate will remain attractive.

no way.

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hen people quit depending on oil and you see Exxon downsizing, you will see real estate in BR tank.

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Aaaaaaany day now...

Another thing that we have is a large university that stimulates the economy not only around campus but as far out as Ascension and Livingston. 110,000 people in a 2 square mile area is a smaller version of Mardi Gras to the French Quarter. We start doing well and multiply that by how many home games we have.

Also lending laws changed up a good bit which might have saved us a lot of headache by keeping those who were high risk out of purchases which lead to foreclosures.

The commercial side is starting to slow down a good bit compared to last year as well. There are a ton of commercial vacancies right now. If you are capable, this is the time to start snatching up commercial. I think this year commercial is going to take a pretty substantial hit.

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Another thing that we have is a large university that stimulates the economy not only around campus but as far out as Ascension and Livingston.

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University, Plants, and Healthcare keep BRs wheels spinning. We acutally have decent medical facilities for its size (OLOL and affiliated, BR Gen and affiliated, Ochsner and aff., Womans).

I've watched a lot of home shows and was pleasantly suprised at my recent purchase in EBR.
In the "suburbs"
very desirable area, even for public schools though many private as well.
we paid 900 less than asking price.
seller is paying 3900 toward closing. we get new home warranty, termite, and alarm contract.

not spectacular, but I think we did OK. sure they did as well. I have faith we will appraise for at least 5-10 K more than we paid. sounds crazy, but I believe....