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re: Real estate in BTR is stupid right now.

Posted on 8/29/16 at 10:32 am to
Posted by urinetrouble
Member since Oct 2007
20509 posts
Posted on 8/29/16 at 10:32 am to
quote:

quote:
Baton Rouge is in a real bad spot, folks.


Stopped reading right here.


Of course you did. That was the last sentence of his post.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 8/29/16 at 10:36 am to
Classic troll thread. One post and poof she's gone
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 8/29/16 at 10:42 am to
Wait you are saying 125 is too high?

Lmao

That's been the going rate for a while. Especially if you are in a good school district.

What do you think will occur in the same areas that didn't flood with schools that didn't flood?
Posted by doubleb
Baton Rouge
Member since Aug 2006
36125 posts
Posted on 8/29/16 at 10:59 am to
quote:

I think he meant Louisianans will pay more due to the Parish and Local governments having to compensate for more and more lost state dollars with the expansion of programs in the state and corruption.


Perhaps, but that isn't what was stated.

BTW, I've long advocated we mimic what Texas does. No state income tax, higher property taxes, etc.

Louisianans abhor property taxes and thus the generous exemptions handed out putting thus high sales taxes and a fairly stiff income tax.

Personally I think every homeowner and business owner should pay a minimal amount of property taxes to cover basic services like police, fire, garbage and sewer. Then you could exempt homeowners from paying property taxes say from 50K to 100K and then pay more taxes for anything under 50K and over 150K.

We have way too many homeowners that enjoy police, fire, and other services who don't pay anything.
Posted by lsuhunt555
Teakwood Village Breh
Member since Nov 2008
38410 posts
Posted on 8/29/16 at 11:03 am to
Real Estate in BR has been stupid for about a decade now.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67159 posts
Posted on 8/29/16 at 11:05 am to
The reason Louisiana abhors property taxes goes back tothe 1920s and 30s, when thousands of people lost their ancesteral farms due to unpaid property taxes, often just a few cents worth. Their notices of default by the state were typically mailed to incorrect addresses if even mailed at all. Payments to the state were lost or ignored, and millions of acres were confiscated, and often sold in corrupt auctions to connected oil companies and political families.

The outcry from this abuse led to the Constitution being amended to prevent the state from siezing property due to unpaid property taxes. Because siezing property is the primary enforcement mechanism for such a tax, it is pointless to have one at the state level.

The citizens supported the homestead exemption to protect them from the locals, and shift the tax burden onto industry.

Pure populism at its finest.

Posted by TeddyPadillac
Member since Dec 2010
25735 posts
Posted on 8/29/16 at 11:06 am to
quote:

Personally I think every homeowner and business owner should pay a minimal amount of property taxes to cover basic services like police, fire, garbage and sewer. Then you could exempt homeowners from paying property taxes say from 50K to 100K and then pay more taxes for anything under 50K and over 150K.

We have way too many homeowners that enjoy police, fire, and other services who don't pay anything.


So what is the $3,000 in taxes i pay every year going to, other than stupid arse libraries, public schools and CATS, of which i use none of, and never will?
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101927 posts
Posted on 8/29/16 at 11:07 am to
Don't forget BREC.
Posted by Tingle
1173 Tallow Tree Lane
Member since Sep 2013
4558 posts
Posted on 8/29/16 at 11:08 am to
quote:

I bought my house a year and half before Katrina for $150/sqft....

sold it 6 years later for $215/sqft

The people I sold it to just sold it in June for $270/sqft

crazy
Was the house in Nola? Nola real estate is wayy overpriced but people keep on buying. Parts of Central City and 7th Ward are going for over $150/sq ft despite being literal warzones.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 8/29/16 at 11:11 am to
yes, it was
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 8/29/16 at 11:12 am to
quote:

Don't hate capitalism my friend


I don't hate capitalism. I just don't think it's sustainable or healthy for BR burbs to have the same COL as cities with much more opportunities.

I also don't think it's smart to spend 40% of your take home on buying and maintaining a vehicle but people do it.
Posted by Aristo
Colorado
Member since Jan 2007
13292 posts
Posted on 8/29/16 at 11:13 am to
If the property doesn't appraise for the asking price, no mortgage can be taken out on the property.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 8/29/16 at 11:13 am to
quote:

no mortgage can be taken out on the property.



it can if it is bought down
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
59706 posts
Posted on 8/29/16 at 11:13 am to
quote:

In percentages, how much less could you care?



Right now I am at 50%.

so I still have a way to go before I run out of care
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 8/29/16 at 11:14 am to
quote:

so I still have a way to go before I run out of care

irregardless, he could still care less
This post was edited on 8/29/16 at 11:17 am
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18925 posts
Posted on 8/29/16 at 11:22 am to
quote:


Of course you did. That was the last sentence of his post.


You are a regular Sherlock. Don't get out much do you?
Posted by Giantkiller
the internet.
Member since Sep 2007
20408 posts
Posted on 8/29/16 at 11:24 am to
quote:


Real estate in BTR is stupid right now.


If you think it's bad right now, prepare your anus because it's going up. As more houses go under contract, lenders are valuing them more and more on appraisals.

People are listing like 50-100K more than what house was valued at 6 months ago and getting it.
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5373 posts
Posted on 8/29/16 at 11:25 am to
quote:

Nola real estate is wayy overpriced but people keep on buying.


Does not compute. It's only overpriced if people aren't buying. Buyers determine the market price...all day every day.
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 8/29/16 at 11:30 am to
quote:

quote:
$125/sq


Thats doesnt seem like a bad price


You can get a modern home in Round Rock for under $110/sq ft

Why is Watson or Walker more expensive than Round Rock? RR has bite collar jobs there and is 19 miles from downtown Austin, and 10 miles from large job centers in north Austin.

Meanwhile Watson is even further out than that from downtown BR, LSU, hospitals, and offices in South BTR.
Posted by TeddyPadillac
Member since Dec 2010
25735 posts
Posted on 8/29/16 at 11:31 am to
quote:

People are listing like 50-100K more than what house was valued at 6 months ago and getting it.



do you know of a specific example of this happening in the last week or you just spewing info you have no facts to back with?

B/c if that's the case i'll put my house up for sale today. I could use an extra $100k.
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