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Posted on 4/19/24 at 3:23 pm to Miglez
So earn $20,000 to pay that $10,000 bill and that doesn't include the flood insurance rip-off. That is simply absurd. Beyond.
Posted on 4/19/24 at 3:26 pm to RonFNSwanson
Coming up on 3 weeks on the market, 0 offers.
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Are you getting showings?
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Are you getting showings?
Posted on 4/19/24 at 3:28 pm to Miglez
LA home owners insurance is 5k a year? Jesus Christ I pay 1k in MA
Posted on 4/19/24 at 3:28 pm to sidewalkside
quote:
maybe it gets much of the riff raff out of the city?
I would assume that a large majority of those are renters. More will be moving in.
Posted on 4/19/24 at 3:30 pm to Finnish
This is a crock!
Lafayette
Median days on the market in March: 69 (tie)
Median home list price in March: $259,250
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So if no new inventory came on the market, all would be sold in 69 Days.
That sounds like a sellers market to me.
Lafayette
Median days on the market in March: 69 (tie)
Median home list price in March: $259,250
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So if no new inventory came on the market, all would be sold in 69 Days.
That sounds like a sellers market to me.
Posted on 4/19/24 at 3:32 pm to ItzMe1972
69 days is very long from 7 days or less when markets were hot
Posted on 4/19/24 at 3:38 pm to fareplay
"In general, a housing market with five to seven months of supply could be described as balanced between buyers and sellers. Supply below 5.0 months favors sellers, while supply above 7.0 months favors buyers. Based on just 2.7 months of supply, the national housing market continues to strongly favor sellers and is down from 2.8 months in February 2023."
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Buyers or Sellers Market?
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Buyers or Sellers Market?
Posted on 4/19/24 at 3:43 pm to ItzMe1972
I mean I guess, but in reality we’re still used to Covid times. Most houses go in 10 days here but diff region to region
This post was edited on 4/19/24 at 3:44 pm
Posted on 4/19/24 at 3:56 pm to notiger1997
Well. The water company fiasco for one. If you live there, you understand. The roads are taking out vehicle suspensions, but at least it’s being slowly worked on. The East Bank animal shelter has yet to go back up. Just seems things are changing there, it didn’t used to be so frustrating.
Posted on 4/19/24 at 4:01 pm to LSUFanHouston
quote:
I have a neighbor, nice house, they say mortgage is paid off. They moved about an hour away to be closer to grandkids. In today's market, house is probably worth $275k max.
Listed for $450K. Over 7 months they have dropped it to $430K.
Houses are the new used cars when it comes to selling price. Cash for Clunkers made everything think their piece of shite used car was worth $10,000. Covid made everything think their house is worth double what it really is. It’s bad in Texas with what dumbasses are listing their house for.
Posted on 4/19/24 at 4:04 pm to Finnish
Housing too high. A lot of people about to be under water
Posted on 4/19/24 at 4:07 pm to fareplay
And that’s still considered a premium to celebrate. Mine just went under $5k this renewal, or should I say new policy placement. Last year was around $7k. I’m not with them anymore.
Posted on 4/19/24 at 4:12 pm to fareplay
quote:
LA home owners insurance is 5k a year? Jesus Christ I pay 1k in MA
A 1100 sq ft house can be 4k in New Orleans for home owners. That can be with a new roof, and does not include flood insurance
3000 sq ft house will be more 9k-12k. So much for Louisiana being “cheap”
This post was edited on 4/19/24 at 4:18 pm
Posted on 4/19/24 at 4:29 pm to dsides
quote:
Why would it get reassessed before it sells?
Property insurance goes up annually.
Posted on 4/19/24 at 4:30 pm to fareplay
quote:
LA home owners insurance is 5k a year?
Sure, if you live in a hut...
I live in a decent house, nothing anywhere near O-T baller status, 2000 sq ft, and I'm paying north of 6000 now, and expect it to be well over 7000 when it renews in July.
This post was edited on 4/19/24 at 4:32 pm
Posted on 4/19/24 at 4:38 pm to geauxtigers87
Car break ins and high property taxes. No thanks
Posted on 4/19/24 at 5:59 pm to member12
quote:
Nothing for sale.....
There is really nothing good for sale these days. I constantly watch. It’s either crappy or out of my price range.
I have a $100k rent house or could be a starter home that is on the market for 3 months and just got an offer yesterday.
I’m in BR
Posted on 4/19/24 at 6:18 pm to The Boat
quote:
Covid made everything think their house is worth double what it really is.
Problem is that most folks can’t afford to move unless they get a premium for their house. They’re going from a sub 4% rate to 7% so they need a huge down payment to get an affordable mortgage. I’ve been keeping a close eye on the market on the Northshore and many folks aren’t budging on price and they are eventually getting it due to low inventory.
Posted on 4/19/24 at 6:30 pm to sidewalkside
quote:
only for the poors. maybe it gets much of the riff raff out of the city?
That's all that's going to be left.
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