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Tomatocantender
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Anyone spotting a trend with houses in BR right now...

Maybe I'm jumping the gun (no pun intended) and this is a seasonal thing, but it appears there has been a recent spike in nice houses in the greater BR that have gone up for rent. Anyone seeing this on any real estate feeds you're getting? Houses that they're asking $2300/month for in rent. Who in the heck is coughing up $25k a year in rent around here, and where are these landlords going if these really nice $350k+ homes are being rented out?


BRgetthenet
US Marine Corps Fan
Member since Oct 2011
115730 posts

Just rent yours out. You know why.


SuperSaint
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LSU1018
LSU Fan
Baton Rouge
Member since Feb 2007
7108 posts

Rent rates are really good in BR right now. Lot of people either don’t want to buy or can’t qualify with rates as high as they are so they are choosing to rent.


AbitaFan08
LSU Fan
Boston, MA
Member since Apr 2008
25128 posts

What is the market looking like in BR to sell a house these days? Genuinely asking.


dyslexiateechur
LSU Fan
Louisiana
Member since Jan 2009
28085 posts

Dismal. Interest rates are about 6.75. Lotta people just staying put.


tigerbacon
LSU Fan
Arkansas
Member since Aug 2010
3325 posts

Nice houses are renting for 3k a month right now in mid city


AbitaFan08
LSU Fan
Boston, MA
Member since Apr 2008
25128 posts

Yeah I think that’s a trend nationwide. High interest rates are hurting the real estate market right now.


Jdiggy
LSU Fan
Member since Nov 2016
526 posts
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Uhhh, is homeowners not increasing in Baton Rouge? That certainly causing a truly significant increase in rental cost in south LA.


Caraway Rye
Kentucky Fan
Member since Oct 2021
5065 posts
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Have you seen those stats where like half of Americans cant even cover a $500 emergency expense

Well now you know why

Almost everything a poor makes at waffle house goes to rent and beans/rice


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Tomatocantender
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quote:

Rent rates are really good in BR right now. Lot of people either don’t want to buy or can’t qualify with rates as high as they are so they are choosing to rent.


That's what I'm seeing. Houses for rent in Prairieville for example asking rent $2100 to $2300 per month, and looks like they have them under lease within 30 days of listing. But just thinking this out, who in the heck is throwing away $25k annually for something you don't build equity in, and that's before electricity, utilities, and possibly lawn work. I guess I just don't understand the mind of a renter as this price point.


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Chad504boy
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quote:

Who in the heck is coughing up $25k a year in rent around here,


Those who don’t pay property taxes, insurances, homeowner deductible or repair a god damn thing in the house that breaks


Tomatocantender
LSU Fan
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quote:

Uhhh, is homeowners not increasing in Baton Rouge? That certainly causing a truly significant increase in rental cost in south LA.


Excellent point!


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TigerDeBaiter
LSU Fan
Member since Dec 2010
9987 posts

Show me a nice house that rents for $2300/month. That’s laughable


Tomatocantender
LSU Fan
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Member since Jun 2021
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quote:

Those who don’t pay property taxes, insurances, homeowner deductible or repair a god damn thing in the house that breaks


Yep. I would like to know also about the landlord people renting out these nice houses. Have they recently moved out of state or downsized up the road. Where are they going?


Tomatocantender
LSU Fan
Boot
Member since Jun 2021
2738 posts
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quote:

Show me a nice house that rents for $2300/month. That’s laughable


Several in Prairieville right this very second. Facebook marketplace etc.


Carolinabyway
Member since Sep 2022
5 posts

What do you think the mortgage is on a buy of that house right now


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10
BearsFan
Baylor Fan
Member since Mar 2016
1168 posts

1) well to do people going through a divorce
2) sometimes well to do people when they first move to town
3) college kids (doesn’t sound like the right part of town).


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lsu711
Wake Forest Fan
Member since Sep 2003
12084 posts
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quote:

really nice $350k+ homes

Is this really a thing in BR?


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TigerDeBaiter
LSU Fan
Member since Dec 2010
9987 posts

quote:

Several in Prairieville right this very second. Facebook marketplace etc.

You said BR, not a bedroom community.


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