- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Real estate market in Mandeville area is crazy....
Posted on 4/25/23 at 7:33 am to FLObserver
Posted on 4/25/23 at 7:33 am to FLObserver
quote:
Sorry i read it as Marksville. Never even heard of Mandeville. Still that's absurd prices. So let the downvotes continue.
Mandeville is across Lake Pontchartrain from New Orleans. Even with the Causeway, the lake has always acted as a bit of a barrier for keeping a lot of the New Orleans crime out.
New Orleans is being run like a mid-century banana republic in the middle of a guerilla coup attempt (except there's no coup, it's just a ridiculous amount of violent crime because there's little in the way of prosecutions). This is pushing more and more people out and, due to the geography of the region, they have been fleeing north to Mandeville/Covington (and apparently still are).
2
Posted on 4/25/23 at 7:46 am to Bard
All true, but the crazy thing is Nola housing is still expensive too.
Posted on 4/25/23 at 8:08 am to Bard
Yup… ton of money flowing out of urban areas these days to the suburbs… the pandemic ruined city life and rising crime and progressive policies are out of control.
Posted on 4/25/23 at 8:18 am to FLObserver
quote:
Sorry i read it as Marksville. Never even heard of Mandeville
Has heard of Marksville but not Mandeville. You need to get out of your Egg Bend bubble.
Posted on 4/25/23 at 8:27 am to Hammond Tiger Fan
Real estate market almost everywhere is crazy.
The only thing propping up housing prices temporarily is the supply side being just as fricked as the demand side. Rates are higher and people can’t afford as much…but few people who had sub 4% rates are willing to sell right now.
The only thing propping up housing prices temporarily is the supply side being just as fricked as the demand side. Rates are higher and people can’t afford as much…but few people who had sub 4% rates are willing to sell right now.
Posted on 4/25/23 at 9:43 am to member12
I think something that hasn't been discussed is a potential reduction in relocation with companies. One of the big reasons people moved was due to relocation for a job. With more people working remote and the advancement in technology it is easier than ever to advance in your career without having to move. A reduction in relocations does impact both supply and demand but maybe just a reduction in overall volume has a net impact of propping up home prices due to a perceived "scarcity."
Posted on 4/25/23 at 9:54 am to FLObserver
quote:Good, wish this was a common theme but unfortunately it is not. We are full.
Never even heard of Mandeville
Posted on 4/25/23 at 11:14 am to member12
quote:
Real estate market almost everywhere is crazy.
The only thing propping up housing prices temporarily is the supply side being just as fricked as the demand side. Rates are higher and people can’t afford as much…but few people who had sub 4% rates are willing to sell right now.
Agreed but demand is likely to curtail if/when the predicted recession hits. By how much is anyone's guess but I wouldn't want to be a newly-hired 25yr old with a 6% mortgage on a $325k house right now.
Posted on 4/25/23 at 9:53 pm to Hammond Tiger Fan
Lol it’s way better than BR and Metairie/NOLA
Posted on 4/26/23 at 7:47 am to Hammond Tiger Fan
Sold my Mandeville house end of 2021 - the estimated value has gone up but not significantly. I see a fair amount of price drops when I get Redfin emails regarding that area. Other regions have scaled up faster than Mandeville, and have less supply on the market. IDK if what Mandeville is experiencing is any really more or less than your average burb, and there's not a lot of new housing developments in the area (if any).
Despite the rate increases people are still buying homes tho. The real correction hasn't occurred yet.
Despite the rate increases people are still buying homes tho. The real correction hasn't occurred yet.
This post was edited on 4/26/23 at 9:10 am
Posted on 4/26/23 at 8:33 am to Hammond Tiger Fan
What is the dollar worth 10 years ago vs now
Posted on 4/26/23 at 8:34 pm to Clint Torres
quote:
up… ton of money flowing out of urban areas these days
I am in southern ms an hour outside nola and it’s been constant growth here the last few years. Acreage has gone up easily 30% with housing being similar.
Posted on 4/28/23 at 2:03 pm to Hammond Tiger Fan
i keep getting updates on the market because I was looking in st tammany a year ago and everything is down from a year ago.
Posted on 4/28/23 at 2:27 pm to Bard
quote:
The exodus from New Orleans
Not everyone leaving New Orleans is going to the Northshore.
Several people are leaving the state altogether and going elsewhere.
Posted on 4/28/23 at 4:34 pm to dgnx6
quote:
I was looking in st tammany a year ago and everything is down from a year ago.
This is what I am seeing, but there are still some people with unrealistic expectations and the listings with the "bid in 48 hours, bring your best and highest" from dumb, lazy realtors are still popping up. The thing is those houses DON'T sell like they have the past couple of years.
Posted on 4/28/23 at 6:22 pm to LSUSUPERSTAR
quote:
Laughs at that statement from DFW!
TX rough man. We were under contract when COVID shutdowns started. Rolled the dice. At height of market 2022, after two years the value of our house was up 85%.
I'm not selling so this is terrible news.
This post was edited on 4/28/23 at 6:25 pm
Posted on 5/2/23 at 7:35 am to Hammond Tiger Fan
Because this is the only real estate thread recently
If there’s a house in the ghetto that I think I could get for 30k and fix some drywall and paint and probably rent for like 700 a month and hopefully one day a shadow investor buys it off me because it’s in the bottom between lsu and downtown, is this a good deal?
Assuming this is a cash deal do I just get a notary to do the property transfer?
How do you get hooked up to be a slumlord? How do you get section 8? Like does the tenant apply for it?
And not gonna lie I like the house but I’m definitely not gonna live in it due to location
If there’s a house in the ghetto that I think I could get for 30k and fix some drywall and paint and probably rent for like 700 a month and hopefully one day a shadow investor buys it off me because it’s in the bottom between lsu and downtown, is this a good deal?
Assuming this is a cash deal do I just get a notary to do the property transfer?
How do you get hooked up to be a slumlord? How do you get section 8? Like does the tenant apply for it?
And not gonna lie I like the house but I’m definitely not gonna live in it due to location
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News