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Message

re: Real estate in BTR is stupid right now.

Posted on 8/29/16 at 11:32 am to
Posted by Chad504boy
4 posts
Member since Feb 2005
166400 posts
Posted on 8/29/16 at 11:32 am to
quote:


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

Why is Watson or Walker more expensive than Round Rock?

lack of workers compensation cost in TX makes up for a lot of the gap.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75229 posts
Posted on 8/29/16 at 11:35 am to
GL policies are cheaper too
Posted by TeddyPadillac
Member since Dec 2010
25705 posts
Posted on 8/29/16 at 11:35 am to
quote:

Meanwhile Watson is even further out than that from downtown BR, LSU, hospitals, and offices in South BTR.



Are you from around here?
Sure lots of people work at hospitals and what not in the city, but the majority of the money is made at plants and the businesses that provide services and equipment for these plants. There's not some influx of people going downtown to work everyday, unless you're a lawyer or work for the government. The opportunities are outside of the city center, not in the city.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 8/29/16 at 11:36 am to
quote:

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



Average price per square foot in Round Rock is $119
Price per Square Foot

Average price per square foot in Walker is $91
Price per Square Foot


Average price per square foot in Denham is $88
Price per Square Foot

Posted by Chad504boy
4 posts
Member since Feb 2005
166400 posts
Posted on 8/29/16 at 11:37 am to
quote:


Average price per square foot in Round Rock is $119
Price per Square Foot

Average price per square foot in Walker is $91
Price per Square Foot


Average price per square foot in Denham is $88
Price per Square Foot


what happens if you remove the homes on wheels though?
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 8/29/16 at 11:38 am to
quote:

what happens if you remove the homes on wheels though?



I dont think those homes are included in these averages
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 8/29/16 at 11:38 am to
quote:

So real estate not in BR, but outside of BR is what you meant to say. Oh and I don't know where you paid less than $150/sf for the last decade inside of BR in anything other than a shithole.


A RE market is generally the metro area. When these families move to Houston and say their homes were so cheap they aren't talking about Houston proper. They are taking about Cinco Ranch and other burbs where you can still get nice homes for below $100/sq ft yet still be closer to decent shite than Watson.

I'm looking at a 3 bed, 2 bath 2000 sq ft home in Katy, in good school districts. Asking price is $185k.

That same home in meth country of Watson would be $230k. It's just crazy when you compare different markets.
This post was edited on 8/29/16 at 11:56 am
Posted by Tingle
1173 Tallow Tree Lane
Member since Sep 2013
4558 posts
Posted on 8/29/16 at 11:41 am to
quote:

Does not compute. It's only overpriced if people aren't buying. Buyers determine the market price...all day every day.
That is true. It just blows my mind that people are willing to pay $300k+ for a 1,500 sq ft double that's on the same block as a crack house.
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 8/29/16 at 11:46 am to
quote:

That is true. It just blows my mind that people are willing to pay $300k+ for a 1,500 sq ft double that's on the same block as a crack house.


Sounds like you're describing gentrification that happens in the core of some cities. I kind of get why that happens. People want to be close to the action, so to speak.
Posted by Loungefly85
Lafayette
Member since Jul 2016
7930 posts
Posted on 8/29/16 at 11:50 am to
quote:

I could care less.


It's "I COULDN'T care less".

If you have the capacity to care less, than you obviously do care some.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67144 posts
Posted on 8/29/16 at 11:50 am to
You should give the libraries a try. They are fantastic institutions. Any book you could ever want, if they don't have it, thry can get it to you. Same goes for movies, documentaries, tv series, and albums. Their site even offers free downloads. It's a hugely useful resource that you're already paying for.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
59692 posts
Posted on 8/29/16 at 11:51 am to
No you are wrong
Posted by MSTiger33
Member since Oct 2007
20389 posts
Posted on 8/29/16 at 11:53 am to
Man, you don't even want to know what I just paid per sq. ft. And I got a deal.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67144 posts
Posted on 8/29/16 at 12:00 pm to
This. The big employer sources are:
1. Plants: operaters, engineers, contractors, ect. The main plants are along the river in St. Gabriel, Plaquemine (Dow), Port Allen (Placid), North BR (Exxon), Geismar (BASF, Honeywell, Methanex, Westgate, Oxy, Air Liquide, ect), and by the sunshine bridge (Motiva, Shell, and Nucor). There are tons of fab shops and suppliers all over the place including Epic which is in Walker. There's a ton in North BR, Port Allen, and in south BR (construction companies) along airline and Old Jefferson between Parkview Baptist and Airline @ LA 42.

2. State government downtown

3. LSU

4. Hospital corridor (essen/bluebonnet)

5. Corporate offices and law firms downtown
Posted by XanderCrews
Member since Mar 2009
774 posts
Posted on 8/29/16 at 12:03 pm to
(no message)
This post was edited on 12/21/21 at 10:38 am
Posted by choupiquesushi
yaton rouge
Member since Jun 2006
30675 posts
Posted on 8/29/16 at 12:04 pm to
is 25 -30 miles away still BR?
Posted by TeddyPadillac
Member since Dec 2010
25705 posts
Posted on 8/29/16 at 12:08 pm to
quote:

You should give the libraries a try. They are fantastic institutions. Any book you could ever want, if they don't have it, thry can get it to you. Same goes for movies, documentaries, tv series, and albums


WHy is it the publics responsibility to make your hobby free? Go to the bookstore or the internet and buy a book.
WHy can't we have a free golf range run by the gov't? I enjoy that hobby and don't feel like paying for it every time i want to hit some balls.


There are libraries at every school. Kids have all the access they want there. So we have huge buildings employing people just so some cheap adults can read books on the taxpayers dime.

Posted by StrongBackWeakMind
Member since May 2014
22650 posts
Posted on 8/29/16 at 12:09 pm to
quote:

is 25 -30 miles away still BR?

nope
Posted by member12
Bob's Country Bunker
Member since May 2008
32105 posts
Posted on 8/29/16 at 12:11 pm to
quote:

is 25 -30 miles away still BR?



Not BR...but BR metro at least:

Ascension
East Baton Rouge
East Feliciana
Iberville
Livingston
Pointe Coupee
St. Helena
West Baton Rouge
West Feliciana
This post was edited on 8/29/16 at 12:12 pm
Posted by gorillacoco
Baton Rouge
Member since Oct 2009
5320 posts
Posted on 8/29/16 at 12:19 pm to
quote:

we have huge buildings employing people just so some cheap adults can read books on the taxpayers dime


You clearly haven't been to a library in a long time.
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