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Started By
Message
re: Bait n Switch - new neighborhood S. Harrell's Ferry/O'Neal
Posted on 10/18/23 at 9:00 am to Tomatocantender
Posted on 10/18/23 at 9:00 am to Tomatocantender
Where is the Metro Council on this? (he asks with feigned innocence)
0
Posted on 10/18/23 at 9:06 am to stout
quote:
Blackrock doesn't directly buy SFHs as investments
Exactly, they buy entire neighborhoods which happen to be made up of hundreds of SFHs that are then perpetually rented and 10 years downstream when deferred maintenance/roofs/HVAC/electrical etc rears its ugly head, here comes their deal with Section 8 HUD to the rescue.
Posted on 10/18/23 at 9:08 am to Tomatocantender
People talk shite about HOAs, but it's nice having a no rent rule in your neighborhood keeping property values high.
Posted on 10/18/23 at 9:13 am to Kramer26
quote:
I’m questioning whether they can even rent out all these houses for the price they are asking.
6 adults and 8 kids. $500 per month per adult and they have it covered. Until they don’t.
Posted on 10/18/23 at 9:15 am to Tomatocantender
quote:
Exactly, they buy entire neighborhoods
You didn't even read the link. Just spouting out nonsense.
There are hedge funds doing this but BR isn't one of them.
Kairos Living has been buying a lot of houses from DR Horton in Lake Charles, Lafayette, and Baton Rouge. They have bought up a few streets in new developments. Dozens of houses.
Companies/funds like them are doing this. Not BR. Just want people to understand who they need to go after is all. Get the info correct so you know who the enemy is.
Posted on 10/18/23 at 9:18 am to stout
I actually invested in a hedge fund that buys up and rents SF houses. Has returned 15-20% last few years. Very nice.
Posted on 10/18/23 at 9:21 am to Cosmo
Most funds have a REIT or two in their portfolio. I think there will be some road bumps soon for REITs until the market situation sorts itself out.
I wouldn't put much money into a REIT with a lot of commercial property right now either.
I wouldn't put much money into a REIT with a lot of commercial property right now either.
Posted on 10/18/23 at 9:23 am to stout
quote:
You didn't even read the link. Just spouting out nonsense.
There are hedge funds doing this but BR isn't one of them.
Please show me where I said Blackrock is part of the Baton Rouge neighborhood in my OP. I said my brother-in-law in Santa Fe, TX is experiencing Blackrock involved activity. SANTA FE TEXAS -- Jesus Christ.
Eta: Also, you posted a Blackrock link directly from Blackrock's website. Not a published article by a reputable outlet, but a self-serving Dindu Nuffin website.
This post was edited on 10/18/23 at 9:27 am
Posted on 10/18/23 at 9:24 am to dewster
quote:
They are in bed with Horton and a few other national homebuilders. I just didn't think Louisiana was a big enough market for this.
In bed with? They probably own shares of the company. Warren Buffet recently bought shares of Horton and another home builder. Does that mean he's in bed with them?
Posted on 10/18/23 at 9:27 am to Tomatocantender
Single family development was planned and single family homes were built. So if they were all sold to individuals and then they all rented them people would be ok?
Posted on 10/18/23 at 9:30 am to Lsukj
quote:
Single family development was planned and single family homes were built. So if they were all sold to individuals and then they all rented them people would be ok?
This is what happens when you don't follow WBRZ's link which provides a video on the subject matter. In it you would have learned that the developer built a leasing office at the entrance of the neighborhood. Now do you understand?
Posted on 10/18/23 at 9:36 am to Tomatocantender
Your brother in law is spouting nonsense too. BR is not actively investing in SFHs as rentals.
Posted on 10/18/23 at 9:37 am to LittleJerrySeinfield
quote:
In bed with? They probably own shares of the company. Warren Buffet recently bought shares of Horton and another home builder. Does that mean he's in bed with them?
Seems like a weird conflict considering Berkshire Hathaway has their own RE division which is also building homes, as they are doing some subdivisions near me plus handling other sales.
Posted on 10/18/23 at 9:39 am to Tomatocantender
developer?
Posted on 10/18/23 at 10:09 am to Tomatocantender
I read and watched it and actually drove through it. Nice little community. The "leasing office" is a model home with a desk in it. Again, SFD homes were developed and built as planned.
Posted on 10/18/23 at 10:18 am to Lsukj
quote:
Again, SFD homes were developed and built as planned.
So the resident that WBRZ interviewed is full of shite in your opinion? Everything was done above board and all these surrounding neighbors are just lying to the news stations about being duped? Nothing more to see here, please disperse as Lsukj has driven through the neighborhood and everything is copacetic.
Posted on 10/18/23 at 10:25 am to TJack
quote:
6 adults and 8 kids. $500 per month per adult and they have it covered.
Exactly how hispanic families do it. Legal and illegal.
Posted on 10/18/23 at 10:28 am to Tomatocantender
Man, hit a nerve much? So a developer of land has to get approval of everyone around them before they can do something with it. Gotcha.
"The city-parish says it does not regulate ownership. A developer does not have to disclose whether the property is for sale or for rent; it wasn't on the application"
"The city-parish says it does not regulate ownership. A developer does not have to disclose whether the property is for sale or for rent; it wasn't on the application"
Posted on 10/18/23 at 10:45 am to Lsukj
quote:
"The city-parish says it does not regulate ownership. A developer does not have to disclose whether the property is for sale or for rent; it wasn't on the application"
Thanks for quoting a link I already provided as the OP. Now let's see if you can quote the part that talks about the leasing office violation and then see if you can answer this pretty simple question again, "Were the surrounding residents duped by a non transparent process?"
Posted on 10/18/23 at 10:46 am to Tomatocantender
Clearlake, the neighborhood adjacent to this development has houses in the $600k range and higher. Imagine going from having woods behind your house to having 1100 sq foot rentals. I've heard they connected the dead-end road shown below to the rental neighborhood also.
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