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People are crazy about not buying a properly renovated property
Posted on 8/26/16 at 10:41 am
Posted on 8/26/16 at 10:41 am
People thinking that they're not gonna buy in the areas that took on a foot of water from rivers and creeks overflowing are crazy. This flood has never happened in the history of Baton Rouge. Thinking it will happen often now is just stupid. My neighbor has lived in his house for 37 years and said the streets have never flooded before in storms. This overflowing river thing is different and it took a historic number of inches of rain in a short amount of time over most of the entire state of Louisiana. Make sure the house is properly renovated and have your inspector be thorough and purchase away. People that can see past the short term fear stand to make a lot of money or equity in their homes. People that bought in New Orleans after Katrina made crazy money. Check the pricing down there. This is the same phenomenon of you ask me.
11
Posted on 8/26/16 at 10:43 am to BengalBlood81
How much you asking for your mold box?
Posted on 8/26/16 at 10:44 am to BengalBlood81
There's a lot of asphalt on the ground now compared to the past where water used to go
Posted on 8/26/16 at 10:44 am to BengalBlood81
Possibility of getting some decent property at discounted prices. I imagine there will be some gutted houses on the market. If you have the time and money to do some renovating you could probably make out pretty well.
Posted on 8/26/16 at 10:45 am to BengalBlood81
All I know is that my house didn't flood... and I'm going to use that fact to leverage the hell out of its sale, should I ever have to sell one day.
It may be many years down the road, but my asking price jumped up a good bit because it withstood a 4 trillion gallon flood. Not that I'm happy about how it happened. I'm just stating a fact.
It may be many years down the road, but my asking price jumped up a good bit because it withstood a 4 trillion gallon flood. Not that I'm happy about how it happened. I'm just stating a fact.
Posted on 8/26/16 at 10:48 am to BengalBlood81
I know someone in Ascension whose house had 4 feet. He built that house on land that his grandfather bought in 1902. His grandfather and father and now him have all lived on that land since, and this was the first time the land flooded.
Posted on 8/26/16 at 10:51 am to BengalBlood81
sorry your home depreciated 
Posted on 8/26/16 at 11:08 am to BengalBlood81
quote:new Orleans is a completely different animal than BR. Apples and Oranges.
People that bought in New Orleans after Katrina made crazy money. Check the pricing down there. This is the same phenomenon of you ask me.
quote:you sound scared your house isn't going to sale for your jacked up price
BengalBlood81
Posted on 8/26/16 at 11:10 am to BengalBlood81
quote:
People that bought in New Orleans after Katrina made crazy money. Check the pricing down there. This is the same phenomenon of you ask me.
well for one, you're not in NOLA...
Posted on 8/26/16 at 11:16 am to BengalBlood81
Dump question I'm sure, but how long do you think it will take before we start seeing some good numbers to do comparisons on what flooded/gutted houses are going for?
Got a small house in Denham that took on 6 feet that we are going to have to make some tough decisions for with my parents. Right now we are leaning toward pushing them to sell it.
It was probably worth $105K before the flood and is structurally sound. Just would hate to see them settle for some shite like $30K because they are in a hurry to sell.
Got a small house in Denham that took on 6 feet that we are going to have to make some tough decisions for with my parents. Right now we are leaning toward pushing them to sell it.
It was probably worth $105K before the flood and is structurally sound. Just would hate to see them settle for some shite like $30K because they are in a hurry to sell.
Posted on 8/26/16 at 11:49 am to BengalBlood81
This is going to happen more and more because of climate change, probably every 5-10 years
Posted on 8/26/16 at 12:17 pm to BengalBlood81
Houses that flooded in 1983 and were zoned AE still had appreciation since the early 90s. We are not going to have a 30 inch rain event every few years. In 3 years, prices will be near preflood levels. A lot of older homes are going to be renovated. People forget with time. How many people talked about the 83 flood before the last few weeks.
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