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Metro areas with populations of 500k that had highest underwater properties end Q1 2017
Posted on 5/12/17 at 10:38 am
Posted on 5/12/17 at 10:38 am
Baton Rouge, Louisiana with 19.7% of all homes are "seriously underwater" according to RealtyTrac.
19
Posted on 5/12/17 at 10:38 am to ihometiger
It's never good to be ahead of Detroit on any list
Posted on 5/12/17 at 10:39 am to ihometiger
I though the flood waters had receded?
Posted on 5/12/17 at 10:40 am to ihometiger
I mean, probably some of those were literally underwater and the owners said f it.
Maybe?
Maybe?
Posted on 5/12/17 at 10:42 am to ihometiger
Talk about all time bad timing/wording. 
Posted on 5/12/17 at 10:43 am to ihometiger
Probably because of all the flooding
Posted on 5/12/17 at 10:45 am to ihometiger
Look at the quarter before the great flood.
Posted on 5/12/17 at 10:45 am to ihometiger
Four Ohio cities in the top 5. Sheesh.
Posted on 5/12/17 at 10:45 am to ihometiger
quote:
"seriously underwater"
Seriously or literally? Could have sworn something happened that cause property assessments to drop.
Posted on 5/12/17 at 10:45 am to airportwhiskey
quote:
Four Ohio cities in the top 5. Sheesh.
I thought they paid YOU to live in Ohio...
Posted on 5/12/17 at 10:47 am to ihometiger
This will likely be the case for several years while the areas hit by the flood recover.
Posted on 5/12/17 at 10:48 am to ihometiger
quote:
underwater properties
quote:
Baton rouge
I feel like there's a flooding joke in here somewhere.
Posted on 5/12/17 at 10:54 am to ihometiger
Detroit>>>BR
Posted on 5/12/17 at 11:01 am to ihometiger
link?
Posted on 5/12/17 at 11:50 am to GreatLakesTiger24
I thought the real estate market in metro BR was doing well?
Posted on 5/12/17 at 11:52 am to ihometiger
I like how they put LA after baton rouge. Wasn't aware there's another baton rouge anywhere else in the country.
Posted on 5/12/17 at 11:54 am to ihometiger
quote:well half of Baton Rouge is North Baton Rouge. So it is realistic.
Baton Rouge, Louisiana with 19.7% of all homes are "seriously underwater" according to RealtyTrac.
Posted on 5/12/17 at 11:56 am to ihometiger
quote:
Baton Rouge, Louisiana with 19.7% of all homes are "seriously underwater" according to RealtyTrac.
The correction never really happened in Baton Rouge.
And I also think that the literal flood that happened last year caused some people to walk away from their mortgages and move into rental properties.
Posted on 5/12/17 at 12:35 pm to ihometiger
But wait, I thought that owning an apartment was stupid and just 'throwing money away'. Buying a house is a guaranteed good investment.
Posted on 5/12/17 at 12:35 pm to member12
True, good point. But, are Baton Rouge homes ascending in property values?
This post was edited on 5/12/17 at 1:26 pm
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