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Posted on 6/25/25 at 12:02 pm to Optimism
quote:
Ascension is booming and with the recent announcements Hyundai plant etc will cont to grow
Industrial growth in the area has been insane in the past 10-20 years and there is no sign of slowing there.
Nobody dreams about moving to the Baton Rouge metro area. It’s a flyover town and it has issues like every other place. But the industrial base is very impressive for a metro with just under 1 million people. So people keep moving there.
Wish we’d invest in the highway network around here to support this growth.
This post was edited on 6/25/25 at 12:03 pm
Posted on 6/25/25 at 12:19 pm to Joshjrn
Same exact thing up here in Albany, NY. State government sucks for a lot of people in the State but not for the residents of the metro it's located in. All of our neigboring metros are rustbelt but not us.
Posted on 6/25/25 at 1:17 pm to yaboidarrell
The metro consistently posts the highest job growth of all Louisiana metros every quarter. It’s not a boom town and probably never will be. But its upsides are pretty consistent and its downturns are fairly short.
What’s frustrating is that the region’s infrastructure can’t keep up with modest, predictable growth. Because Louisiana.
What’s frustrating is that the region’s infrastructure can’t keep up with modest, predictable growth. Because Louisiana.
This post was edited on 6/25/25 at 1:23 pm
Posted on 6/25/25 at 1:38 pm to Loup
quote:
The median home price in the U.S is currently $441,738, according to Redfin.
For reference, according to Redfin, the current median sales price in Baton Rouge is $249,900.
Posted on 6/25/25 at 1:51 pm to Saunson69
quote:
Probably because LSU may have 8,000 in staff. State gov't another 5,000, hospitals another 4,000. These are very rough estimates and may be high. That's 17,000 people. There are 800,000 in BR Metro. What you named, if my assumptions are correct, is 2.1% of the population. Those may be stable, but what about the other 98% of the population?
Even ignoring minor quibbles, like LSU employing more like 12k than 8k, you're vastly underestimating state government employment, which sits around 40k people in Baton Rouge. Once you add city-parish government employment and federal employment, the numbers I'm seeing for "government sector" employment in Baton Rouge are well above 50k. The numbers I'm seeing for the "healthcare sector" are right around 50k in direct employment. Plus all our downstream petro baws that don't face near the shocks that their upstream extraction brethren face. But we're talking easily 100k, perhaps more like 150k+, in extremely stable employment.
With 800k total people, how many are you actually expecting to be fully employed once you account for children, the elderly, and stay at home parents? Maybe half that?
But then the kicker: you don't need everyone to have rock solid stable employment; you simply need a critical mass. Every person who feels no employment risk is running around spending money. Entities are buying supplies. Everyone is paying for services. Etc, etc, etc. People with stable unstable jobs/industries stable. That's how the economy works.
But hey, I could be wrong. Can you find a time in the last half century or so in which people were saying "damn, the economy in Baton Rouge is rough". Having grown up in Lafayette, people could rattle off those dates to you in a heartbeat. What about Baton Rouge? When has the economy actually been bad here, that people felt like they couldn't find work?
Posted on 6/25/25 at 2:06 pm to Joshjrn
quote:
Even ignoring minor quibbles, like LSU employing more like 12k than 8k, you're vastly underestimating state government employment, which sits around 40k people in Baton Rouge. Once you add city-parish government employment and federal employment, the numbers I'm seeing for "government sector" employment in Baton Rouge are well above 50k. The numbers I'm seeing for the "healthcare sector" are right around 50k in direct employment. Plus all our downstream petro baws that don't face near the shocks that their upstream extraction brethren face. But we're talking easily 100k, perhaps more like 150k+, in extremely stable employment. With 800k total people, how many are you actually expecting to be fully employed once you account for children, the elderly, and stay at home parents? Maybe half that? But then the kicker: you don't need everyone to have rock solid stable employment; you simply need a critical mass. Every person who feels no employment risk is running around spending money. Entities are buying supplies. Everyone is paying for services. Etc, etc, etc. People with stable unstable jobs/industries stable. That's how the economy works. But hey, I could be wrong. Can you find a time in the last half century or so in which people were saying "damn, the economy in Baton Rouge is rough". Having grown up in Lafayette, people could rattle off those dates to you in a heartbeat. What about Baton Rouge? When has the economy actually been bad here, that people felt like they couldn't find work?
In my lifetime the major national or regional downturns were never quite as bad in Baton Rouge as other cities around the region. But the boom years were also not as transformational.
Lafayette is another story….and I prefer Lafayette as a town. Baton Rouge seems to have a less risky, more predicable economy that translated into a fairly stable housing market.
Posted on 6/25/25 at 2:08 pm to wileyjones
quote:
tell that to buyers who haven't bought my house yet
Ours was on for 3 months and we just got an offer last week. We were only showing it once or twice a week. Nobody was looking. I talked to a banker friend and they said May is always dead. Hopefully it picks up for you soon.
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