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re: Are we at a generational housing peak?
Posted on 3/11/17 at 10:22 am to dabigfella
Posted on 3/11/17 at 10:22 am to dabigfella
Livingston and Ascension have multiple factors that will continue to support their markets as suburbs in the 5-Parish Metro BR area.
1.) There is a metric shite ton of grant money on its way over the next 12-18 months to the aforementioned 5 Parish Metro BR area through FEMA and other forms of federal assistance to elevate and reconstruct homes. They'll be freshly remodeled and elevated out of the flood zone in a desirable location with good schools and preferable forms of #2....
2.) Local Government. Between Chauna Banks, Denise Marcelle, newly minted mayor Sharon Weston Broome, people are going to soon see attempts at wealth redistribution and focus on NBR that don't appeal to anyone outside of those areas. Increases in taxation, money grabs, and boondoggle social programs and public invest,wants will continue to drive people to LP/AP and-more and more-the Tangipahoa Parish area.
3.) Public Schools. They get a bad rap, but LPPSS is one of the better public systems in the state, and far more preferable to many than the shite show that is EBRPPS and even AP, as well (though just how much more is debatable I agree). LP for example is having DSHS completely rebuilt. Live Oak just opened a massive brand new HS less than 5 years ago, and Walker HS is in the midst of a $25,000,000 expansion of an already 5A school. There is a significant investment of tax dollars here into public education and we see good outcomes as a result educationally.
It isn't Catholic High and it's not U-High. But when you don't have to know someone or get your kids into Pre-K to get them into U-High or pay thousands in tuition to get them into relatively decent public schools, the savings are significant.
3.) Rural Development. RD Loans are the only 100% financing option that's stuck around through the Recession. LP/AP continued demarcation on census maps as Rural Areas mean that young homeowners-the backbone of a community's future tax base-will gravitate towards them not only because of cheaper educational options but cheaper homeownership costs and qualification. East Baton Rouge outside of a few slivers down Greenwell Springs and Tiger Bend simply can't offer 100-102% financing based on appraised value and not just sale price.
So at least locally I see a healthy market with continued appreciation.
1.) There is a metric shite ton of grant money on its way over the next 12-18 months to the aforementioned 5 Parish Metro BR area through FEMA and other forms of federal assistance to elevate and reconstruct homes. They'll be freshly remodeled and elevated out of the flood zone in a desirable location with good schools and preferable forms of #2....
2.) Local Government. Between Chauna Banks, Denise Marcelle, newly minted mayor Sharon Weston Broome, people are going to soon see attempts at wealth redistribution and focus on NBR that don't appeal to anyone outside of those areas. Increases in taxation, money grabs, and boondoggle social programs and public invest,wants will continue to drive people to LP/AP and-more and more-the Tangipahoa Parish area.
3.) Public Schools. They get a bad rap, but LPPSS is one of the better public systems in the state, and far more preferable to many than the shite show that is EBRPPS and even AP, as well (though just how much more is debatable I agree). LP for example is having DSHS completely rebuilt. Live Oak just opened a massive brand new HS less than 5 years ago, and Walker HS is in the midst of a $25,000,000 expansion of an already 5A school. There is a significant investment of tax dollars here into public education and we see good outcomes as a result educationally.
It isn't Catholic High and it's not U-High. But when you don't have to know someone or get your kids into Pre-K to get them into U-High or pay thousands in tuition to get them into relatively decent public schools, the savings are significant.
3.) Rural Development. RD Loans are the only 100% financing option that's stuck around through the Recession. LP/AP continued demarcation on census maps as Rural Areas mean that young homeowners-the backbone of a community's future tax base-will gravitate towards them not only because of cheaper educational options but cheaper homeownership costs and qualification. East Baton Rouge outside of a few slivers down Greenwell Springs and Tiger Bend simply can't offer 100-102% financing based on appraised value and not just sale price.
So at least locally I see a healthy market with continued appreciation.
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