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Real estate prices in other cities
Posted on 6/8/21 at 10:24 pm
Posted on 6/8/21 at 10:24 pm
People in Places like Dallas and Denver are getting rich just owning houses. Meanwhile, in Louisiana, our economy is shite and our real estate market is shite (comparatively speaking). Is living here like swimming up river? Are we stupid for staying?
17
Posted on 6/8/21 at 10:29 pm to Dandaman
new Orleans is up 15% since last year according to redfin
Posted on 6/8/21 at 10:29 pm to Dandaman
quote:Absofrickinglutely
Are we stupid for staying?
Posted on 6/8/21 at 10:35 pm to Dandaman
I’m not sure how much real estate experience you have but the Baton Rouge market is super hot also!
Posted on 6/8/21 at 10:35 pm to Dandaman
Natchez is on fire. No one is used to it, people literally knocking on doors buying houses. AZ, CA, NM, Nola, BR, Alex.... The few I've talked to say it's people leaving liberal justice and tax policies.
Posted on 6/8/21 at 10:37 pm to Dandaman
quote:
People in Places like Dallas and Denver are getting rich just owning houses
How are they getting rich?
Posted on 6/8/21 at 11:00 pm to Dandaman
Interesting how this all plays out.
Dollar is strong but everything i want to buy is magically up 25 to 50%
Dollar is strong but everything i want to buy is magically up 25 to 50%
Posted on 6/8/21 at 11:14 pm to SDVTiger
quote:
How are they getting rich?
It's like stocks, if you ain't selling, you ain't making shite.
Posted on 6/9/21 at 8:09 am to Chucktown_Badger
My house went on the market in Katy, TX this week for about 80% more than I paid for it in 2016. Property further West of Houston hasn't spiked quite as much, so I will be picking up some acreage out there.
Posted on 6/9/21 at 8:28 am to Dandaman
quote:
People in Places like Dallas and Denver are getting rich just owning houses. Meanwhile, in Louisiana, our economy is shite and our real estate market is shite (comparatively speaking). Is living here like swimming up river? Are we stupid for staying?
Where do you live that the real estate market is not on fire year over year. Also, are they getting rich just owning a house? Wouldn't they need to sell it? If they sell the house they have to buy a new house in the same area presumably at inflated prices. You can get a decent house in much of Louisiana for $200k. In most of the places you just mentioned the price for the same house is likely $500k or more.
Housing has been under built for the last 10 years. This was inevitable. COVID just increased the pace of it.
This post was edited on 6/9/21 at 8:30 am
Posted on 6/9/21 at 9:13 am to go ta hell ole miss
I'm just saying that if you live in a prosperous state or city that your net worth will likely increase MUCH faster than if you live in a shitty place - regardless of what job you have.
Posted on 6/9/21 at 9:23 am to Dandaman
My house in BR has gone up 50% in 5 years. I’m guessing in 10 years it should double what it’s worth now. All about location. By in the wrong location home prices hasn’t gone up.
Posted on 6/9/21 at 10:07 am to Dandaman
NYC rents and prices are down substantially. Young people are taking advantage of the opportunity.
Posted on 6/9/21 at 10:17 am to Chucktown_Badger
quote:
It's like stocks, if you ain't selling, you ain't making shite.
True, but if you sell your home in an inflated market you are then homeless and forced to buy another home in the same inflated market. Not sure how you get rich in that scenario.
A rising tide lifts all boats certainly applies here.
Posted on 6/9/21 at 10:19 am to Dandaman
I don't expect the majority of Louisiana to follow the same trends as places like Dallas & Denver but you can certainly argue that New Orleans, for whatever reason, is also on fire as well. Every other place in Louisiana seems to be on an upward trend.
We bought a home in Lafayette in September 2020, based off the homes in our subdivision that have sold in the last month our home has gone up ~$10/sq.ft. in that short period of time.
Louisiana is a stagnant dump of a state but the real estate market here is trending up just like other states.
We bought a home in Lafayette in September 2020, based off the homes in our subdivision that have sold in the last month our home has gone up ~$10/sq.ft. in that short period of time.
Louisiana is a stagnant dump of a state but the real estate market here is trending up just like other states.
This post was edited on 6/9/21 at 2:30 pm
Posted on 6/9/21 at 10:25 am to Dandaman
Very little inventory here in Huntsville and tons of people coming in buying cash way over asking. Home values probably up 25% in one year. I feel for anyone trying to find a home in this market. Literally have to buy sight unseen with cash along with no inspection
Posted on 6/9/21 at 11:14 am to Dandaman
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.
Posted on 6/9/21 at 11:28 am to Dandaman
quote:
our real estate market is shite
I have no idea what you are talking about. Real estate everywhere is on fire, including Louisiana.
Posted on 6/9/21 at 11:48 am to YungFO
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.
Or you rent an apartment for a few years and wait on the real estate market to shift.
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