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Message
re: Lafayette ranked in the top 10 small cities that could become next powerhouses
Posted on 5/17/18 at 3:36 pm to stout
Posted on 5/17/18 at 3:36 pm to stout
quote:
I am in the foreclosure industry and the Lafayette area is a hotbed for what I do right now. In fact, that area has led the nation in year over year growth of mortgages 90 days or more late for a few months over the past 2 years.
That's refreshing
0
Posted on 5/17/18 at 3:43 pm to fallguy_1978
They're not, they used numbers from 2010-2014 when oil was booming and I am almost positive that the Mandeville one is wrong. If I remember correctly the 70471 area code has a median household income of above 100k. It's been posted here before of the wealthiest area codes.
Thought so. zip codes
Thought so. zip codes
This post was edited on 5/17/18 at 3:47 pm
Posted on 5/17/18 at 3:57 pm to stout
quote:
I am in the foreclosure industry and the Lafayette area is a hotbed for what I do right now. In fact, that area has led the nation in year over year growth of mortgages 90 days or more late for a few months over the past 2 years. That's not a sign of a growing area.
This is not surprising at all
Posted on 5/17/18 at 4:16 pm to stout
quote:
I am in the foreclosure industry and the Lafayette area is a hotbed for what I do right now. In fact, that area has led the nation in year over year growth of mortgages 90 days or more late for a few months over the past 2 years. That's not a sign of a growing area.
LOL ->
LINK
Posted on 5/17/18 at 4:36 pm to Fewer Kilometers
Core Logic (from your link) is where I get those same reports and I remember one month Lafayette had like a 330% increase of 90 day lates vs the same month the year before. They led the nation for increases that month and no one was even close.
ETA: Not sure if you were trying to discredit what I said because all you did was prove it. I didn't say they led the nation overall. I said there were months where they led the nation. All of the reporting in the industry is done month over month of the previous year.
ETA: Not sure if you were trying to discredit what I said because all you did was prove it. I didn't say they led the nation overall. I said there were months where they led the nation. All of the reporting in the industry is done month over month of the previous year.
This post was edited on 5/17/18 at 4:47 pm
Posted on 5/17/18 at 4:47 pm to stout
Appears that when you look at the year, instead of an individual month, Baton Rouge is worse off.
And if Lafayette had a couple of dismal months and Baton Rouge still came out worse after the year, Lafayette must've a lot of less terrible months than Baton Rouge.
And if Lafayette had a couple of dismal months and Baton Rouge still came out worse after the year, Lafayette must've a lot of less terrible months than Baton Rouge.
Posted on 5/17/18 at 4:57 pm to Fewer Kilometers
quote:
Lafayette must've a lot of less terrible months than Baton Rouge.
Not necessarily. Baton Rouge has had a steady decline that makes the total overall worse but as far as I recall BR never had really bad months where they led the entire nation like Laffy has.
Which makes sense when I think about it because Lafayette has been up and down. Some months Lafayette volume is slow and other months it is slammed with new inventory. BR is steady. Some of it has to do with which lenders are prominent in the areas too as every mortgage department has their own policies on how they handle the process. Wells Fargo is a cluster compared to Suntrust bank for example but they also have billions more in foreclosures to handle.
FWIW I am only basing it off of the past 3 or so years since oil started dropping.
ETA: If it makes you feel better that Laffy housing isn't as bad off as BR then congrats on only being the second dumbest kid in class I guess.
This post was edited on 5/17/18 at 5:00 pm
Posted on 5/17/18 at 5:08 pm to stout
quote:
ETA: If it makes you feel better that Laffy housing isn't as bad off as BR then congrats on only being the second dumbest kid in class I guess.
If you don't get the humor of that bar chart in a thread where Baton Rouge posters are laughing at Lafayette then congrats on being that dumbest kid.
Posted on 5/17/18 at 5:11 pm to Fewer Kilometers
Ehhh...they were laughing at the thought that Laffy was about to boom. It isn't.
Lake Charles is currently booming and will continue to do so. It's the only area in the state with any real new growth currently. How long it will last is a good question.
Lake Charles is currently booming and will continue to do so. It's the only area in the state with any real new growth currently. How long it will last is a good question.
Posted on 5/17/18 at 5:24 pm to stout
Posted on 5/17/18 at 5:27 pm to stout
I wish any of that would start affecting commercial real estate prices
Posted on 5/17/18 at 5:35 pm to 50_Tiger
Andrews, Texas has one. They have like 12,000 people
Posted on 5/17/18 at 5:57 pm to OKTGR580
Powerhouse in mma tee.
Posted on 5/17/18 at 6:04 pm to Fewer Kilometers
quote:
Appears that when you look at the year, instead of an individual month, Baton Rouge is worse off.
And if Lafayette had a couple of dismal months and Baton Rouge still came out worse after the year, Lafayette must've a lot of less terrible months than Baton Rouge.
It's hard to accurately measure foreclosures in 2017 in BR or Lafayette due to the flood.
The Lafayette metro has had one of the worst overall economies in LA for several years now. The metro was still posting job losses in March 2018.
This post was edited on 5/17/18 at 6:10 pm
Posted on 5/17/18 at 7:28 pm to OKTGR580
quote:
Lafayette, La was ranked in the top 10 cities expected to grow even more.
Maybe if we elect a governor who won't run off the oil and gas industry, but until then...
.Posted on 5/17/18 at 7:38 pm to Tchefuncte Tiger
Ok so here’s a good question. What town or city is there that doesn’t completely suck according to this board?
Posted on 5/17/18 at 7:51 pm to upgrayedd
Tech jobs baw.
I know most on here hate Lafayette but it’s a good city. Is it the next powerhouse? Uhhh, no. But it will continue to develop and be one of the top 3 places to live in this state.
I know most on here hate Lafayette but it’s a good city. Is it the next powerhouse? Uhhh, no. But it will continue to develop and be one of the top 3 places to live in this state.
Posted on 5/17/18 at 7:54 pm to TH03
Downtown has a lot of cool little spots but it really does look absurdly small for how many people live here. Like I dunno, put more buildings downtown.
Posted on 5/17/18 at 7:57 pm to CocoLoco
They like that small town vibe. That’s why they don’t want high rises and they continue to take out lanes for cars and turn them into bike lanes. No loop because they want everyone going south to have to drive through town hoping they’ll spend $$$
Posted on 5/17/18 at 8:07 pm to CocoLoco
quote:
Downtown has a lot of cool little spots but it really does look absurdly small for how many people live here. Like I dunno, put more buildings downtown.
Downtown Lafayette has always sucked. Parking is bad. Mostly legal area but most decent law firms moved out years ago. They "redeveloped" downtown many years ago and Jefferson Street is nothing but bars. It is now away from where most city residents live and work.
Nobody wants to live anywhere near downtown and most have moved out to Broussard and Youngsville
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