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Started By
Message
re: $400/sq ft for 7th Ward house
Posted on 12/23/20 at 9:57 am to idlewatcher
Posted on 12/23/20 at 9:57 am to idlewatcher
quote:
Year built:1948
Probably built multiple times better than new construction
1
Posted on 12/23/20 at 10:01 am to Rouge
There are limits.
Better than DH Horton today? Probably, depending how bad a shape the 1948 house is in.
Better than either a privately contracted house or mid-80s developments? Depends.
Better than DH Horton today? Probably, depending how bad a shape the 1948 house is in.
Better than either a privately contracted house or mid-80s developments? Depends.
Posted on 12/23/20 at 10:05 am to yaboidarrell
There is no way. No one will qualify for a loan because the appraisal will not be in the same time zone of that asking price. I could go for some Manchu wings though.
Posted on 12/23/20 at 10:05 am to yaboidarrell
no one is going to spend money period to live in that shithole neighborhood.
Posted on 12/23/20 at 10:06 am to Ben Hur
quote:
New Orleans is an island
You learn something new everyday.
Posted on 12/23/20 at 10:07 am to yaboidarrell
$650,000 for a 1,500 sq. ft. house? Maybe in the Bay area, but certainly not in N.O.
Posted on 12/23/20 at 10:53 am to idlewatcher
quote:
Not sure about you guys, but I love dropping over half a mil on a house
Some of NOLA's nicest houses were built in the 1800s.
Posted on 12/23/20 at 11:11 am to Swagga
Migrants moving in from out of state with $$ have inflated the prices big time.
Posted on 12/23/20 at 11:13 am to Paul Allen
quote:
I’ve asked numerous "Experts" about this and get different views from everyone I ask. None with a straightforward reason why. It’s puzzling to everyone.
limited space and a growing population, it's not exactly supernatural
Posted on 12/23/20 at 11:45 am to yaboidarrell
I drove past this area last week. It had me thinking about all the money we’ve pissed away in Iraq and Afghanistan, and all that money being used to revitalize really bad areas in the US, areas just like where this house is located.
Posted on 12/23/20 at 12:05 pm to Ed Osteen
quote:
growing population
quote:
New Orleans
Posted on 12/23/20 at 12:06 pm to yaboidarrell
"Just blocks from Rampart Street!" doesn't really work in that direction, champ.
Posted on 12/23/20 at 12:07 pm to Paul Allen
When the 2020 census comes out it will show a growth versus 2010.
Posted on 12/23/20 at 12:10 pm to Paul Allen
quote:it’s not that complicated. Not everyone is a wage slave who needs a Fortune 500 company job to survive... and contrary to what the OT thinks, New Orleans is unique and people want to have second homes here (or live here)
New Orleans real estate has been arguably the most enigmatic market in the country going now well over a decade.
Posted on 12/23/20 at 12:31 pm to glassman
Interesting take, but I think you’re wrong.
Posted on 12/23/20 at 12:32 pm to teke184
quote:
Better than either a privately contracted house or mid-80s developments? Depends.
I doubt that. Unless a 1948-era house has foundation problems, it's going to be better-built than anything from the mid 1980s, particularly if the newer house is on a slab.
Posted on 12/23/20 at 12:33 pm to yaboidarrell
quote:
I like how the zillow estimate isn't even half the asking price.
311k is still a joke for that shite hole
Posted on 12/23/20 at 12:36 pm to yaboidarrell
Maybe it has bullet proof windows and doors and comes with an armored vehicle?
Posted on 12/23/20 at 12:37 pm to Triggerr
As Burn Notice would point out, bulletproof / armored doors and window don’t help you much if it is sheet rock right next to it.
Posted on 12/23/20 at 1:04 pm to yaboidarrell
Well since NO will take that asking price into account on taxes they are about to get slammed . My father some 10 years ago opted to list his house and it was more than the current appraisal so city sent him a bill on property tax for the new value . He had to get a lawyer involved on it as the sale was mid year and not going to be his by new year
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