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Started By
Message
re: Is there a housing bubble in Baton Rouge?
Posted on 3/5/14 at 6:30 pm to Grit-Eating Shin
Posted on 3/5/14 at 6:30 pm to Grit-Eating Shin
Someone will buy them, the boom hasn't even hit yet
0
Posted on 3/5/14 at 6:34 pm to Camp Randall
quote:
Now if you ask if BR is overbuilding Apts, the answer is absolutely.
Too many apts springing up everywhere. Sure way to destroy a nice area.
Posted on 3/5/14 at 6:39 pm to Golfer
quote:
I don't think some of y'all realize how much wealth there actually is in BR.
About the only thing that is correct in this thread amidst so much fail.
I'll point out one thing. When Stanford Group died they estimated the total loss around 7 billion dollars worldwide.
1 billion dollars of that 7 billion dollars was from roughly Baton Rouge and Lafayette. A BILLiON dollars sucked out of this economy almost overnight.
And this town didn't even blink.
The inventory for existing homes for sale is very low and houses are moving fine. Houses in the upper market take longer to sell normally simply because the pool of buyers is smaller.
Posted on 3/5/14 at 7:05 pm to Martini
Agreed.
Some of these sports haven't bought or built a house since the 90s.
Some of these sports haven't bought or built a house since the 90s.
Posted on 3/5/14 at 7:09 pm to TigerBait1127
quote:
And lol at comparing the br houses to Houston. The only house in competition with the nice Houston houses is Pennington
Omg. Sadly, I think you're serious with this statement.
At least you can find some really authentic French Creole native Louisiana architecture in BR (and of course NOLA).
We have some very nice A. Hayes Town homes in our area.
But let me guess, the Pennington home attracts you.... Why??
Because its a big 30k sq ft home??? IMO, it gaudy as hell!
I guess big is better to some.
"Nice Houston homes"....does not compute.
Absolutely "0" character in those homes.
Posted on 3/5/14 at 7:20 pm to Martini
quote:
1 billion dollars of that 7 billion dollars was from roughly Baton Rouge and Lafayette. A BILLiON dollars sucked out of this economy almost overnight.
I know a contractor who is in his 70's now still working because he lost 1.5 million when the Stanford shite went down.
BR has more money than people realize.
Posted on 3/5/14 at 7:20 pm to Supermoto Tiger
Guess you've never driven around Rice or River Oaks.
Posted on 3/5/14 at 7:28 pm to theBeard
quote:
Who's home is this
That's Randall Gay's home in Mallard Lakes Estate.
Posted on 3/5/14 at 7:32 pm to 4WHLN
quote:
I know a contractor who is in his 70's now still working because he lost 1.5 million when the Stanford shite went down.
I know a dozen people who took a hit, some who could take it and some that it hit really hard. And I wasn't trying to discount them or disrespect them .
My point is that much money disappeared overnight and the city as a whole didn't miss a beat.
And above Houston does have some great older neighborhoods like most cities do. But it's got a ton of crap too, as most cities BR included have as well.
To the OP there is no housing bubble. The real estate market in BR is alive and well and the future looks very bright for it at least for the foreseeable future. To be honest with interest rates where they are now (which in my mind is VERY affordable-considering my first house in I believe 87 was 18%-yeah, nut that one.) it's an affordable city for upscale homes. And BR has many professionals as well as entrepreneurs, small business owners and a much larger medical professional group than most realize. Add that with engineering, academia, state government, petroleum etc..and this is a very good market.
Posted on 3/5/14 at 7:35 pm to lsubandmom
I'm sure they're nice homes in Houston.
But when it comes to classic timeless architecture, Houston
certainly doesn't come mind. As a matter of fact, Houston
is kind of the opposite of what most land planners what to achieve with the vision of a new community/neighborhood. And I'm not classifying the Woodlands as part if Houston.
I think the OP was referring to McMansions as a sign of a nice home.
But when it comes to classic timeless architecture, Houston
certainly doesn't come mind. As a matter of fact, Houston
is kind of the opposite of what most land planners what to achieve with the vision of a new community/neighborhood. And I'm not classifying the Woodlands as part if Houston.
I think the OP was referring to McMansions as a sign of a nice home.
Posted on 3/5/14 at 7:40 pm to s14suspense
quote:
Good way to make yourself feel pretty poor is to drive down there and gaze at some of the houses out there.
Again. The majority (all but maybe 2) homes in Mallard Lakes are big McMansions and ugly as hell. Expensive - but
still fugly as hell.
Posted on 3/5/14 at 7:59 pm to Supermoto Tiger
quote:
homes in Mallard Lakes are big McMansions and ugly as hell
Maybe I misunderstand the definition of McMansions but many of these homes are greater than 10k sqft in mallard lakes they seem to have a descent amount of land.
Posted on 3/5/14 at 8:17 pm to tigersnipen
Yep. They are pretty large and most have at least several acres. Horses allowed. No cattle.
Posted on 3/5/14 at 8:34 pm to lsubandmom
The roads in the Rice/River Oaks area are horrible. Worst I've ever driven on. Why in the hell don't they fix them?
Posted on 3/5/14 at 8:38 pm to Martini
I think 6 acres was the smallest lot in there.
Posted on 8/5/15 at 5:21 pm to RedRifle
I've noticed some diminishing home values across the BR region. In particular, the condo/townhome market in BR seems to be suppressed.
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