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re: Biggest Metro Area Home Price Decline Since 2022 Peak - NOLA and LC make the list
Posted on 5/9/25 at 9:23 am to McDonaldsBagMan
Posted on 5/9/25 at 9:23 am to McDonaldsBagMan
quote:pretty bold statement.
Nashville is the most overrated city in the country IMO
its still a great place; concerts, business, restaurants, weather and people for the most part. the downtown area has just gotten out of control; you can't park for less than $40 during any type of event and ride share companies have figured that out and factored that into their rates when you try to park on the street a couple miles away and try to take a cheap uber in.
i don't plan to move; williamson county is within 5-10 miles of downtown depending on where you are and if you can snag a house there you're pretty much set w/ the school system and taxes.
0
Posted on 5/9/25 at 9:27 am to stout
quote:
Idiot
Maybe try and pivot back to credit card debt?
None of your years worth of doom and gloom has come true. It has to be eating you up inside.
Posted on 5/9/25 at 9:29 am to ronricks
exactly LOL
the last “boom” in our area was after Katrina…I sold my house in Mandeville at a great profit and only very recently got back to even on what I paid in Hammond in March 2006. That’s twenty years but guess what…I had a place to live for those twenty and now it’s paid for.
housing is not an investment in the short term for 90% of normal people. Buy what you can afford where you can afford it and get on with your life. It ain’t yours while there’s a mortgage anyway
the last “boom” in our area was after Katrina…I sold my house in Mandeville at a great profit and only very recently got back to even on what I paid in Hammond in March 2006. That’s twenty years but guess what…I had a place to live for those twenty and now it’s paid for.
housing is not an investment in the short term for 90% of normal people. Buy what you can afford where you can afford it and get on with your life. It ain’t yours while there’s a mortgage anyway
Posted on 5/9/25 at 9:30 am to ronricks
quote:
Maybe try and pivot back to credit card debt?
What?
CC defaults reached a 14 year high in 2024
quote:
Credit card defaults have reached their highest level in 14 years, driven by factors like high credit card debt, high inflation, and rising interest rates. Lenders wrote off more than $46 billion in seriously delinquent credit card loans during the first nine months of 2024, a 50% increase from the same period in 2023.
Idiot
Posted on 5/9/25 at 9:30 am to ronricks
Double post
This post was edited on 5/9/25 at 9:31 am
Posted on 5/9/25 at 9:33 am to stout
quote:
Idiot
The credit card debt has done diddly shite and hasn't 'crashed' anything.
You are having a hard time understanding this it seems.
Posted on 5/9/25 at 9:36 am to ronricks
quote:
The credit card debt has done diddly shite and hasn't 'crashed' anything.
Because interest rates were still very low. The minute the cost of money shot up we get the highest default levels in 14 years. I am sure you think that is just a coincidence
Posted on 5/9/25 at 9:38 am to stout
quote:
I am sure you think that is just a coincidence
The housing market hasn't crashed despite you clinging to all kinds of indicators for years on here. Take a lap and maybe focus on something else for a while? You are this forums version of Peter Schiff.
Posted on 5/9/25 at 9:41 am to ronricks
You voted for Kamala. I think I am OK with Kamala voters thinking I am dumb.
Posted on 5/9/25 at 9:41 am to stout
Did Punta Gorda make the list because of the % decline or is it considered a large housing market? It aint that big a town.
Posted on 5/9/25 at 9:43 am to stout
Wait a minute.
I was told just the other day that I’m a moron when I said everything, especially in LcH is way way overvalued.
Strikes again.
I was told just the other day that I’m a moron when I said everything, especially in LcH is way way overvalued.
Strikes again.
This post was edited on 5/9/25 at 9:43 am
Posted on 5/9/25 at 9:44 am to stout
quote:
You voted for Kamala.
I did no such thing.
Posted on 5/9/25 at 9:45 am to stout
Greater Pheonix has a larger population than Louisiana.
I would bet Scottsdale and demand areas haven't declined at all, and if so, it would be low single digits.
I would bet Scottsdale and demand areas haven't declined at all, and if so, it would be low single digits.
Posted on 5/9/25 at 9:51 am to dgnx6
quote:
I cant speak for all areas but places like austin and nola recently changed short term rental laws.
A bone for the hotel lobby. NO currently has zero city employees that enforce any short term rental laws.
quote:
I guess you can just do it without a permit and risk it
What most of the non ABnB industry types do, just too much money to be made to sell.
Posted on 5/9/25 at 9:53 am to McDonaldsBagMan
quote:
Nashville is the most overrated city in the country IMO
If you hate having fun, yes, yes it is.
Posted on 5/9/25 at 9:59 am to dgnx6
quote:
austin and nola recently changed short term rental laws
Good. Residential neighborhoods should have neighbors, instead of Hurricane Ashley and the rest of her bachelorette party from Iowa.
Posted on 5/9/25 at 10:00 am to Lakeboy7
quote:
What most of the non ABnB industry types do, just too much money to be made to sell.
Well in New Orleans people will be checking listings and ratting people out. That's just how it goes.
quote:
New Orleans short-term rental laws require permits for all rentals of 30 days or less, with only one permit allowed per square block in residential areas.
quote:
Operator Requirement:
The operator of a short-term rental must live on the same lot as the property.
Corporate Entities:
Corporate entities like LLCs are not permitted to own or operate residential short-term rentals.
quote:
Enforcement:
The city is actively enforcing these regulations and has a system in place to monitor and track short-term rentals
Im just giving a reason why Nola may be a bit higher in houses selling. That couple from Seattle with an air bnb in nola probably wont go through the trouble. They will sell.
This post was edited on 5/9/25 at 10:04 am
Posted on 5/9/25 at 10:09 am to dgnx6
quote:
That couple from Seattle with an air bnb in nola probably wont go through the trouble. They will sell.
Sure, and I dont blame them.
But if you are local its pretty easy. And the rates people will pay compared to just 3 years ago is incredible. Pretty much double.
Look the city understands the people staying in off the books STRs are spending money but they have to keep the hotel lobby happy. Its a very NO arrangement.
Posted on 5/9/25 at 10:13 am to BigPerm30
quote:
It’s weird because I’d assume property tax assessments would go down as well. Does that ever happen?
My property tax assessment has dropped more than $150k since I bought in 2022.
Posted on 5/9/25 at 10:19 am to stout
Insurance costs and possibly FEMA cliff going to really drive out costal areas in places line Louisiana
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