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How much is too much to pay per sq foot right now..
Posted on 3/7/09 at 1:16 pm
Posted on 3/7/09 at 1:16 pm
in Baton Rouge? Some of the newer developments are 120-140 per sq foot. We are looking at the Woodridge neighborhood off of Pecue. I think that area will continue to grow and would be a good investment. With the market like it is now, is 120 per sq ft too much to pay for a neighborhood with that kind of potential?
This post was edited on 3/7/09 at 1:16 pm
5
Posted on 3/7/09 at 3:07 pm to LSU4lyfe
With housing in a such a shitter thats too much.
Posted on 3/7/09 at 5:42 pm to LSU4lyfe
quote:
With the market like it is now, is 120 per sq ft too much to pay for a neighborhood with that kind of potential?
Wait a couple months.
Posted on 3/7/09 at 7:28 pm to LSU4lyfe
I paid $138 sq/f. I thought it was a lot at the time but my hizzle is the shizzle, for-izzle!
Posted on 3/7/09 at 9:41 pm to SloMeaux
homes in my neigborhood are going in the 120-130's currently.
Posted on 3/7/09 at 11:43 pm to mes1100
My neighborhood is anywhere from $136 to $143 per square foot.
Of course, I am the $143 per square foot.
Of course, I am the $143 per square foot.
Posted on 3/8/09 at 12:23 pm to LSUDad
quote:
Wait a couple months.
Getting married in a year and we are really starting to look harder. But, I keep thinking waiting a little bit longer will help. However, houses in the Woodridge neighborhood are still selling reguarly from what I can tell
Posted on 3/8/09 at 3:30 pm to LSU4lyfe
Wait until right when you get married, then.
Posted on 3/8/09 at 8:50 pm to Golfer
My tax guy said it's always better to buy at the beginning of the year that way you have all the interest to deduct.
Posted on 3/8/09 at 9:14 pm to LSU4lyfe
that sounds like a lot to me, but up in Memphis new construction is going for $100 or less psf.
I'd be looking for a builder sitting a bunch (meaning more than 20 houses) and try to cut a deal with getting extras, and all your closing costs paid.
I'd be looking for a builder sitting a bunch (meaning more than 20 houses) and try to cut a deal with getting extras, and all your closing costs paid.
Posted on 3/8/09 at 10:22 pm to LSU4lyfe
Real estate in Baton Rouge is inflated right now
If you buy now you're a sucker
If you buy now you're a sucker
Posted on 3/8/09 at 10:49 pm to Powerman
quote:
Real estate in Baton Rouge is inflated right now
If you buy now you're a sucker
True statement. And here come the "But we're immune" preachers.
Posted on 3/8/09 at 10:53 pm to LSUFAN1111
quote:
My tax guy said it's always better to buy at the beginning of the year that way you have all the interest to deduct.
Posted on 3/9/09 at 7:10 am to Cash
quote:
My tax guy said it's always better to buy at the beginning of the year that way you have all the interest to deduct.
Is your tax guy looking for a new client? He sounds pretty solid.
This post was edited on 3/9/09 at 7:11 am
Posted on 3/9/09 at 9:46 am to LSUFAN1111
quote:I notice you say "tax guy" and not "CPA." At least, I pray this guy isn't a CPA.
My tax guy said it's always better to buy at the beginning of the year that way you have all the interest to deduct.
Posted on 3/9/09 at 10:10 am to LSUtoOmaha
quote:
True statement. And here come the "But we're immune" preachers.
I think the short lived immunity is exactly why you SHOULDN'T buy a house right now. It's just that much more inflated and when the crash hits it's going to hit hard. I wouldn't be shocked if home prices were 15% less in the area 5 years out.
Posted on 3/9/09 at 10:14 am to Powerman
quote:
It's just that much more inflated and when the crash hits it's going to hit hard. I wouldn't be shocked if home prices were 15% less in the area 5 years out.
The other day I went for a run in the neighborhood around Glasgow Middle School(not sure what this area is called, it's not Southdowns on that side of College?). Anyway there was a spec house for $1.4 mil in that neighborhood. It looked like a nice house and the location is very central, but $1.4 mil?
Things are very inflated in the BR market.
Posted on 3/9/09 at 10:21 am to Cash
If you are just bound and determined to live in that area asap, go ahead. Otherwise you and your soon-to-be should just get an apartment or rent a house until prices drop.
I know of a half-dozen homes along my route (near the college) to work that have been on the market since November. I can think of another 3 or 4 just in my immediate neighborhood that are for sale as well and haven't had any action.
Waiting is the name of the game right now.
I know of a half-dozen homes along my route (near the college) to work that have been on the market since November. I can think of another 3 or 4 just in my immediate neighborhood that are for sale as well and haven't had any action.
Waiting is the name of the game right now.
Posted on 3/9/09 at 10:23 am to Cash
I could build a very very nice house in Bossier for less than 100 dollars a foot.
Posted on 3/9/09 at 10:24 am to Bard
quote:
Waiting is the name of the game right now.
Or throw out some low ball offers(over 30% below asking price). You might find a motivated seller.
Who cares if you offend them.
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