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re: 1981 Flashback: Lafayette has more millionaires per capita than any other place on earth
Posted on 3/23/21 at 10:19 am to jrobic4
Posted on 3/23/21 at 10:19 am to jrobic4
laffy was the district office area...all majors started new guys in the field offfice for hands on training..laffy was closer the docks in south la and texas ( port o conner etc). since hands onstaff with drilling,completions etc was in laffy so were the service companies....
all majors had large regional offices in nola around the dome...nola was exploration ,reservoir and management..
later most big oil moved from nola to houston..,nola was still regional corp...houston was gobal corp...(many oil moved corp from north like chicago at same time consolidating to houston)
all majors had large regional offices in nola around the dome...nola was exploration ,reservoir and management..
later most big oil moved from nola to houston..,nola was still regional corp...houston was gobal corp...(many oil moved corp from north like chicago at same time consolidating to houston)
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Posted on 3/23/21 at 10:22 am to TDTOM
quote:
You don't need a $250k home to be happy.
You people are fricking slow.
The conversation is about raising a 2 child family IN LAFAYETTE T-O-D-A-Y
Since some of you seem to be struggling to put it together, the issue is that housing is prohibitively expensive to live in a nice home and send your kids to private school and not live hand-to-mouth.
You can definitely raise a family on $100k, but if you want to send them to private school at that income level, you're going to be living either well outside of Lafayette, or in a small/old house.
Posted on 3/23/21 at 10:29 am to CptRusty
quote:
you're going to be living either well outside of Lafayette, or in a small/old house.
Oh, the horror.
Posted on 3/23/21 at 10:31 am to dewster
quote:
The correct term is millionaires per capita at Lafayette
sir...well done
Posted on 3/23/21 at 10:33 am to CptRusty
quote:
I think 100k household income to live in Lafayette and send 2 kids to private school would be cutting it pretty thin.
Correct, but lots of your non-college oilfield baws aren’t living IN Lafayette city limits, at least not initially. You’ve got them in the more rural areas of the parish, or in areas like Abbeville like the above poster mentioned, sending their kids to Mt Carmel, not Fatima or St Pius.
Posted on 3/23/21 at 10:34 am to ChickennBiscuits
quote:
I dunno if it’s cookie cutter....it’s certainly a cesspool of bad taste and ostentatiousness.
Are we talking residential architecture?
Like most higher end homes built before 1993/1994 in south Louisiana, Lafayette's well to do neighborhoods are mostly tasteful and well executed.
Posted on 3/23/21 at 10:35 am to ragincajun03
According to their website the annual tuition for Mt. Carmel is $4,700.
Posted on 3/23/21 at 10:42 am to 777Tiger
quote:
it was a lot of fun back then but that bust happened like flipping a light switch,
If your family became wealthy during that time period and somehow was able to stay that way through the bust/boom/bust cycle of Lafayette's economy.....are you considered "old money" by Louisiana standards?
Most of the rich people in Louisiana are no more than 1-2 generations removed from poor white trash.
Posted on 3/23/21 at 10:43 am to KemoSabe65
quote:the housing glut that followed the bust and then the transformation of the surplus housing then going section 8 - has decimated many small towns in the oil belt. Many main streets were given a death sentence in 1985 and didn't even know it.
I knew one of the RR owners, she and her husband lived a tragic life. Son committed suicide and later her daughter did after her mother died. Many succumbed to drug addition or suicide. Friends FIL finally pulled the trigger after making and losing millions multiple times.
Many of those banks folded in 86 that were giving money away just years before.
Sealed bids were typically opened and awarded while on vacation with the winning bidder.
Most are in the same spot today they were in back during the bust, including PHI.
He whom fails to remember history is doomed to repeat it.
many people with little education or other experience never again made the incomes they did in late 70s and early 80s... when the bust came they never recovered... many slowly poisoned themselves.
Posted on 3/23/21 at 10:50 am to Paul Allen
quote:
Seems like a very low mortgage payment for someone paying private school tuition unless they put down a huge down payment. I’d say more in the $1600-1800 range.
Why would sending kids to a private school mean you should have a higher mortgage payment? Many people live in less expensive houses so they can send their kids to the best school possible.
Posted on 3/23/21 at 10:54 am to KemoSabe65
quote:was a hot shot driver 83-86 while in college...(only small pickup) they shite i delivered to tool pushers and purchasers was mind boggling.... classic - from gretna to Jay FL - 3 times in one week - with 4 brooms and a box of cigars each trip.... king edward box but the cigars were los cubanos
We had a shell toolpusher that picked his glenlivet up on crew change day at our office
Posted on 3/23/21 at 10:59 am to choupiquesushi
Once flew a jet from LFT to MSY and back, to return/exchange an eel skin brief case for a friend.
Posted on 3/23/21 at 10:59 am to EA6B
quote:
Why would sending kids to a private school mean you should have a higher mortgage payment?
Yep. I almost spend twice my mortgage payment on tuition and live in a pretty nice hood.
Posted on 3/23/21 at 10:59 am to TDTOM
quote:
Oh, the horror.
Man if you want to raise 2 kids in a 1400 sq foot house that was built in the 70's, just for the sake of a zip code and private school, then you go for it.
Posted on 3/23/21 at 11:01 am to choupiquesushi
quote:
was a hot shot driver 83-86 while in college.
Really no excuse to not get a college degree in Lafayette in the 70's through early 80's. Plenty of work, and if you had a contact you could go offshore for the Summer and make enough to live off of through Fall/Spring semesters.
Posted on 3/23/21 at 11:04 am to Fewer Kilometers
A lot of companies would send baws with potential to USL to get pete degrees back then. Pay them full salary to go to school(like the military does)
Posted on 3/23/21 at 11:07 am to CptRusty
quote:
the other (nicer) one off of kaliste saloom near the thruway. I was talking about the ambassador one.
I officed on occasion in a client's regional headquarters in what is now called Park Tower on Kaliste Saloom Road. Believe this was during the period of 81/82. Our law firm had offices in the Oil Center.
Posted on 3/23/21 at 11:22 am to blueridgeTiger
^^ The Celeron Building. That building was built at the peak. Probably the down turn had already started when it opened.
This post was edited on 3/23/21 at 11:24 am
Posted on 3/23/21 at 11:26 am to CptRusty
quote:
it could in the 80s/90s
Assumed he was talking about 2021.
What's Clikthederl/ESA/Fatima/STM tuition today?
Posted on 3/23/21 at 11:27 am to blueridgeTiger
quote:
Park Tower on Kaliste Saloom Road
Nice building.
It's too bad there aren't buildings just like that all over the state filled with white collar workers.
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