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notiger1997
Metairie
Member since May 2009
49821 posts
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re: Real estate prices in other cities
I would assume rent prices are higher now as well


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AbitaFan08
LSU Fan
Boston, MA
Member since Apr 2008
22203 posts

re: Real estate prices in other cities
I can’t say we’re “getting rich” off our apartment here, but we bought in May 2020 into a brand new building. Since that time one apartment sold for 15% more than they initially paid for it. So that’s a good sign I guess.


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BeepNode
The City of Central
Member since Feb 2014
5135 posts

re: Real estate prices in other cities
Do they lower the property tax rates when everyone’s values go up, or is it a Boone for local government entities?


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lionward2014
Notre Dame Fan
New Orleans
Member since Jul 2015
8551 posts

re: Real estate prices in other cities
My house's estimated value in NOLA is about 25% higher than when I bought it in 2018. Not sure what you are referring to. Hell had a friend sell a DSLD house for a 15% profit in middle of BFE Louisiana. Not sure what you are talking about.


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TD SponsorTD Fan
USA
Member since 2001
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LSU in Frisco TX
LSU Fan
In the Green
Member since Oct 2006
683 posts

re: Real estate prices in other cities
quote:

Dallas and Denver are getting rich just owning houses


On paper only my guy. Unless you owned some real estate other than your primary home, sold it and took the cash, your home value growing like a friggin’ weed doesn’t do a ton for you except give the local assessor a reason to stick it to you in taxes.


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30
TMFBB21
Baton Rouge
Member since Mar 2021
84 posts

re: Real estate prices in other cities
One thing I find ironic- People in Louisiana want their home value to increase and the Louisiana economy to improve but yet this board is full of people outsourcing mortgages (BETTER thread), financial advisors etc. If you want your local economy to thrive- invest local, keep your money local. You may save $500 with a call center lender but that is $500 is no longer available to sponsor your little league, local taxes, economic recirculation, etc. This state makes so much revenue in oil and gas but so much money leaves.
This post was edited on 6/10 at 8:28 am


montana
LSU Fan
Bozeman, MT
Member since Dec 2008
1126 posts

re: Real estate prices in other cities
Bozeman is up 43% in one year. It’s nuts around here.


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boogiewoogie1978
Arkansas Fan
Little Rock
Member since Aug 2012
12139 posts

re: Real estate prices in other cities
quote:

I live in Dallas, and yes my home valuation is sky rocketing. But if I want to sell, I still have to buy another house in the area that is going through the same thing. So it really evens out unless I want to move away from Dallas.



Get you some land and a camper. Wait a couple of years.


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