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re: Metro areas with populations of 500k that had highest underwater properties end Q1 2017
Posted on 5/12/17 at 12:57 pm to ihometiger
Posted on 5/12/17 at 12:57 pm to ihometiger
NOLA is a levee breach away from being a bowl full of water
1
Posted on 5/12/17 at 1:11 pm to member12
quote:
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.
Makes me think this is based on changes in assessed property values. My assessed value went down 50k when EBRPA revised them after the flood.
Posted on 5/12/17 at 1:31 pm to Paul Allen
quote:
True, good point. But, are Baton Rouge homes ascending in property values?
They appear to be. I think the rental market, which has always been strong, is just just on fire right now. Those rental prices after the flood are driving up real estate costs.
But there will be some uninsured people that will walk away from their mortgages this year because of flood damage.
Posted on 5/12/17 at 1:32 pm to SamuelClemens
Baton Rouge, Central, Livingston, etc....need to get that Comite Diversion Canal built.
Posted on 5/12/17 at 1:38 pm to ihometiger
quote:
underwater properties
Too soon.
Posted on 5/12/17 at 1:53 pm to airportwhiskey
quote:
Four Ohio cities in the top 5. Sheesh.
Four big towns that supported the Auto industry in Detroit.
Posted on 5/12/17 at 1:57 pm to ihometiger
quote:
Baton Rouge, Louisiana with 19.7% of all homes are "seriously underwater" according to RealtyTrac.
This is not alarming. Many folks took out additional loans to fix their homes due to the flood. If this was new construction, I would be worried - but it is not.
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