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Started By
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Housing Prices in BR.
Posted on 8/27/18 at 5:48 am
Posted on 8/27/18 at 5:48 am
The cost of a house in BR in a house that is no less then 15 years old..... crazy. And the taxes that go with it! Unreal. End of rant
27
Posted on 8/27/18 at 5:52 am to Uncs
Posted on 8/27/18 at 5:52 am to Uncs
I’ve said it many times on this board. BR real estate for a city its size is egregious, especially for a city in a state that isn’t known for attracting high paying white collar jobs.
Posted on 8/27/18 at 5:54 am to Uncs
It isn’t getting better either. It’s trending upward.
Posted on 8/27/18 at 5:55 am to Uncs
Pre-renovation homes selling (or at least listing) at post-renovation prices it seems. It’s a pretty discouraging and disgusting market. You’re paying for the neighborhood I guess.
Posted on 8/27/18 at 5:55 am to Uncs
quote:
Housing Prices in BR
Posted on 8/27/18 at 5:57 am to Uncs
quote:
And the taxes that go with it! Unreal.
infrastructure like this ain’t free
Posted on 8/27/18 at 5:59 am to terriblegreen
quote:
It isn’t getting better either. It’s trending upward.
I hope you’re right.
Posted on 8/27/18 at 5:59 am to Uncs
I lived in a rent house near Staring Motel. It was a pretty shitty house with no redeeming qualities other than the yard. When I moved out it got listed and sold for about 200k. this was a house built in the 60s i think
Posted on 8/27/18 at 6:09 am to celltech1981
Bought my house in 2012 at $93/sq. Houses around me are selling for $115 to $125/sq. That’s a 20-25% increase in value.
Though my neighborhood did not flood. Close but did not flood.
Though my neighborhood did not flood. Close but did not flood.
Posted on 8/27/18 at 6:17 am to Uncs
When over half the city looks like the 3rd world the remaining areas are going to be pricey as shite. I’m not living north of Florida or between LSU and downtown.
And the rot that has destroyed those areas of town is creeping in to other neighborhoods that were traditionally considered nice and safe. The more that happens, the more housing prices are going to rise.
And the rot that has destroyed those areas of town is creeping in to other neighborhoods that were traditionally considered nice and safe. The more that happens, the more housing prices are going to rise.
Posted on 8/27/18 at 6:30 am to Loungefly85
Saw a 1300ish sqft house in my neighborhood house listed for 280k. Screw that.
Posted on 8/27/18 at 6:52 am to PeteRose
Meanwhile in Texas, you can find real estate for fantastic prices. Now, it may not be Memorial or the Heights, but suburbs with excellent public education, outstanding infrastructure, low crime, etc. Speaking of Houston not Dallas/San Antonio/Austin.
And, take a look Louisiana. This is how things are done:
$2.5billion Bond election won on 85.4% of the vote.
For LA to have housing prices (ludicrous in some bayou areas) like they do, is absolutely ridiculous. And, you are prisoners to parochial schooling!
That said, I do get the differences in material availability, labor pools, etc., but only to a point.
And, take a look Louisiana. This is how things are done:
$2.5billion Bond election won on 85.4% of the vote.
For LA to have housing prices (ludicrous in some bayou areas) like they do, is absolutely ridiculous. And, you are prisoners to parochial schooling!
That said, I do get the differences in material availability, labor pools, etc., but only to a point.
Posted on 8/27/18 at 7:05 am to CharlesLSU
I think the prices will be coming down in the next year. Houses are starting to sit on the market much longer.
Posted on 8/27/18 at 7:12 am to PeteRose
quote:
Saw a 1300ish sqft house in my neighborhood house listed for 280k. Screw that.
Compared to New Orleans prices I think that’s nice
Posted on 8/27/18 at 7:12 am to Uncs
I have to believe that part of the reason is that traffic is so bad, people are moving back to the city to avoid the commute. At all costs.
Posted on 8/27/18 at 7:14 am to Uncs
Just wait until people get tired of paying for them and walk away like they did last time.
Posted on 8/27/18 at 7:17 am to Uncs
City wide Baton Rouge has over 500 homes for sale for 200k. Location Location Location will always warrant a premium.
With under a .25% growth rate, once the market pulls back in 2020 I believe RE prices in BR will take an above average hit and retract below 2016 prices.
That said, if the perfect house comes on the market and you feel you may never have the opportunity to buy again, long term (10 years +/-)prices will continue to climb in desirable areas even with a pull back, and interest rates are still historically low.
With under a .25% growth rate, once the market pulls back in 2020 I believe RE prices in BR will take an above average hit and retract below 2016 prices.
That said, if the perfect house comes on the market and you feel you may never have the opportunity to buy again, long term (10 years +/-)prices will continue to climb in desirable areas even with a pull back, and interest rates are still historically low.
Posted on 8/27/18 at 7:22 am to ItNeverRains
Just saw a nice 3 br, 3 bath 1980’s ranch style sell in my neighborhood for $501k. They then tore the house down. They paid $501k to get the lot so they can build on it. Think about that for a minute. Half a million for a less than half acre lot. That’s real money.
Posted on 8/27/18 at 7:27 am to Paul Allen
quote:
I’ve said it many times on this board. BR real estate for a city its size is egregious, especially for a city in a state that isn’t known for attracting high paying white collar jobs.
This is why so many people leave the state and live in suburban-ville and act like they made it big when in fact they are just living a mediocre lifestyle out of state.
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