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Started By
Message
Real estate in BTR is stupid right now.
Posted on 8/29/16 at 9:50 am
Posted on 8/29/16 at 9:50 am
People are asking for $125/sq ft for houses that are 25-30 miles away from ANY significant job centers.
They will regret paying $225k for that 1800 sq ft faux French home that comes with an hour commute.
Do they really think these floods can't happen in other parts of the parish? Do they really think real estate should be just as expensive in BRCsunirns as they are in Austin, Houston, Orlando, Atlanta, etc where opportunities are more plentiful?
One day the state will switch to a more Texas style taxation system that eliminates income taxes but triple or quadruples property taxes. These house poor people will get hit the hardest.
Some businesses are going to leave town now that COL is approaching levels of much nicer cities. Cheap was our tactical advantage.
Baton Rouge is in a real bad spot, folks.
They will regret paying $225k for that 1800 sq ft faux French home that comes with an hour commute.
Do they really think these floods can't happen in other parts of the parish? Do they really think real estate should be just as expensive in BRCsunirns as they are in Austin, Houston, Orlando, Atlanta, etc where opportunities are more plentiful?
One day the state will switch to a more Texas style taxation system that eliminates income taxes but triple or quadruples property taxes. These house poor people will get hit the hardest.
Some businesses are going to leave town now that COL is approaching levels of much nicer cities. Cheap was our tactical advantage.
Baton Rouge is in a real bad spot, folks.
This post was edited on 8/29/16 at 9:56 am
34
Posted on 8/29/16 at 9:52 am to Asgard Device
You don't know any businesses ****.
Posted on 8/29/16 at 9:52 am to Asgard Device
What businesses?
Posted on 8/29/16 at 9:53 am to Asgard Device
Posted on 8/29/16 at 9:53 am to Asgard Device
quote:
One day the state will switch to a more Texas style taxation system that eliminates income taxes but triple or quadruples property taxes. These house poor people will get hit the hardest.
Louisiana will triple or quadruple property taxes while increasing income taxes
Posted on 8/29/16 at 9:54 am to Asgard Device
Nobody is making you buy it
They can ask what they want, and if it sells then the market tells them it was right
If it fails to sell, they were wrong and it'll sort itself out
Don't hate capitalism my friend
They can ask what they want, and if it sells then the market tells them it was right
If it fails to sell, they were wrong and it'll sort itself out
Don't hate capitalism my friend
Posted on 8/29/16 at 9:56 am to Asgard Device
ECON 101 - Supply & Demand
Posted on 8/29/16 at 9:57 am to Asgard Device
quote:sounds like the price before the flood to me.
People are asking for $125/sq ft for houses that are 25-30 miles away from ANY significant job centers.
They will regret paying $225k for that 1800 sq ft faux French home that comes with an hour commute.
Posted on 8/29/16 at 9:57 am to Asgard Device
quote:
Texas style taxation system that eliminates income taxes but triple or quadruples property taxes
but dem skools doe!
I'd rather pay income tax
Posted on 8/29/16 at 9:57 am to Asgard Device
quote:
Baton Rouge is in a real bad spot, folks.
Stopped reading right here. I bet you use lots of exclamation points when you post on FaceBook and text your friends as well.
Posted on 8/29/16 at 9:58 am to Asgard Device
My neighborhood stayed dry for Katrina.A few months after the storm, house values jumped 25%. Crazy shite happens in a market like this.
Posted on 8/29/16 at 9:58 am to Asgard Device
quote:
People are asking for $125/sq ft for houses that are 25-30 miles away from ANY significant job centers.
Isn't that what Denham Springs was becoming before the floods?
This post was edited on 8/29/16 at 9:59 am
Posted on 8/29/16 at 10:01 am to Asgard Device
I could care less.
Posted on 8/29/16 at 10:01 am to Asgard Device
Well, when 75% of the housing stock in the suburban areas is flooded out, but the job base is not, this is what you get. The same demand for a smaller supply means higher prices.
Also, if a neighborhood survived this 1000 year flood event and didn't flood in 1927, I think they're pretty much good absent an appearence by an ark and a legion of animals coming two by two.
Also, if a neighborhood survived this 1000 year flood event and didn't flood in 1927, I think they're pretty much good absent an appearence by an ark and a legion of animals coming two by two.
Posted on 8/29/16 at 10:03 am to Asgard Device
quote:
$125/sq
Thats doesnt seem like a bad price
Posted on 8/29/16 at 10:04 am to Asgard Device
You're wayyyyyy overreacting.
Posted on 8/29/16 at 10:05 am to Asgard Device
Haha U Poor.
Posted on 8/29/16 at 10:13 am to Asgard Device
quote:
Real estate in BTR is stupid right now
quote:
People are asking for $125/sq ft for houses that are 25-30 miles away from ANY significant job centers
So real estate not in BR, but outside of BR is what you meant to say. Oh and I don't know where you paid less than $150/sf for the last decade inside of BR in anything other than a shithole.
Posted on 8/29/16 at 10:15 am to Asgard Device
When was the last time you shopped for a house in Austin ? $125 per ft gets u the ghetto. Better try $350+
Posted on 8/29/16 at 10:15 am to Asgard Device
sorry you don't understand supply and demand.
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