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Dandaman
LSU Fan
Louisiana
Member since May 2017
381 posts

Real estate prices in other cities
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?


rocket31
Toledo Fan
Member since Jan 2008
38234 posts

re: Real estate prices in other cities
new Orleans is up 15% since last year according to redfin



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134
jimbeam
US Army Fan
University of LSU
Member since Oct 2011
72002 posts

re: Real estate prices in other cities
quote:

Are we stupid for staying?
Absofrickinglutely


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161
LSU1018
LSU Fan
Baton Rouge
Member since Feb 2007
6984 posts

re: Real estate prices in other cities
I’m not sure how much real estate experience you have but the Baton Rouge market is super hot also!


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74
Sparetime
Mississippi St. Fan
Lookin down at La
Member since Sep 2014
572 posts

re: Real estate prices in other cities
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.


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31
SDVTiger
Hawaii Fan
Cabo San Lucas
Member since Nov 2011
53216 posts
 Online 

re: Real estate prices in other cities
quote:

People in Places like Dallas and Denver are getting rich just owning houses


How are they getting rich?



down time
Member since Oct 2013
847 posts

re: Real estate prices in other cities
Interesting how this all plays out.

Dollar is strong but everything i want to buy is magically up 25 to 50%


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21
Chitown_Badger
Chicago Cubs Fan
A one drink walk from Wrigley
Member since May 2013
20480 posts

re: Real estate prices in other cities
quote:

How are they getting rich?


It's like stocks, if you ain't selling, you ain't making shite.


ithad2bme
LSU Fan
Houston transplant from B.R.
Member since Sep 2008
3108 posts

re: Real estate prices in other cities
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.


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10
go ta hell ole miss
New York Yankees Fan
Member since Jan 2007
9819 posts

re: Real estate prices in other cities
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 at 8:30 am


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Dandaman
LSU Fan
Louisiana
Member since May 2017
381 posts

re: Real estate prices in other cities
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.


tigerbacon
LSU Fan
Arkansas
Member since Aug 2010
2729 posts

re: Real estate prices in other cities
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.


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10
Auburn1968
Auburn Fan
NYC
Member since Mar 2019
7364 posts

re: Real estate prices in other cities
NYC rents and prices are down substantially. Young people are taking advantage of the opportunity.


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10
MikeBRLA
LSU Fan
Baton Rouge
Member since Jun 2005
13653 posts

re: Real estate prices in other cities
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.


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91
YOURADHERE
LSU Fan
Member since Dec 2006
6404 posts

re: Real estate prices in other cities
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.
This post was edited on 6/9 at 2:30 pm


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12
UltimaParadox
Alabama Fan
Huntsville
Member since Nov 2008
20484 posts

re: Real estate prices in other cities
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


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10
YungFO
LSU Fan
Dallas
Member since Mar 2018
946 posts

re: Real estate prices in other cities
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.


notiger1997
Metairie
Member since May 2009
49581 posts

re: Real estate prices in other cities


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jfw3535
Bradley Fan
South of Bunkie
Member since Mar 2008
1851 posts

re: Real estate prices in other cities
quote:

our real estate market is shit

I have no idea what you are talking about. Real estate everywhere is on fire, including Louisiana.


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30
AUHighPlainsDrifter
Auburn Fan
South Carolina
Member since Sep 2017
865 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.


Or you rent an apartment for a few years and wait on the real estate market to shift.


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