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re: This is what you get buying a DSLD home

Posted on 4/2/22 at 6:56 pm to
Posted by brass2mouth
NOLA
Member since Jul 2007
19685 posts
Posted on 4/2/22 at 6:56 pm to
quote:

also want to know how the city and parish inspectors sign off on this crap.


Because none of that shite is real. Just a fee you pay for a check mark.
This post was edited on 4/3/22 at 8:35 am
Posted by burgeman
Member since Jun 2008
10361 posts
Posted on 4/2/22 at 6:58 pm to
Looks like something a guy named Jimmy would do
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167213 posts
Posted on 4/2/22 at 6:59 pm to
quote:

My Ninja!

I always say be the same person here as you are in public and you got nothing to hide.

98% of these cockmonkeys can't b/c this place is their dirty little get-away from wives, family, coworkers, church parish. They come here to be racist misogynistic fricktards without consequence.


He's not going to let you suck him off, mike
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167213 posts
Posted on 4/2/22 at 7:00 pm to
quote:

Looks like something a guy named Jimmy would do




Luckily Jimmy only messed up the paint
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422318 posts
Posted on 4/2/22 at 7:03 pm to
I was curious if Iowa would grow like that during the Sasol stuff b/c, like you said, can't go much more SW. Moss Bluff has really developed b/c of that though.

When I have to go to Cameron, I take 14 through the Bell City area and a few of my friends live out there. Everytime I go that way I'm shocked at how large Morganfield is, b/c one of the exits is way out there.
This post was edited on 4/2/22 at 7:05 pm
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167213 posts
Posted on 4/2/22 at 7:10 pm to
quote:

Everytime I go that way I'm shocked at how large Morganfield is


Morganfield is more than what is at the traffic circle too. Waterside off of 14 is nice and they also have the Monarch Way development that has some multi-million dollar houses. Someone is building what has to be a $3 or $4 million dollar home in it. There is a 20-acre lot for sale in there right now for $460K. All of the homesites are on the "lake" but also have their own ponds and at least around 10 acres of property. Drive down there next time you are in the area. That one house is insane.

Do a google aerial view of Monarch Way and you will see the monster house and the other nice houses on that street.

As I said, that area is ripe to blow up with St Louis, Mallard Cove, etc
This post was edited on 4/2/22 at 7:13 pm
Posted by mikelbr
Baton Rouge
Member since Apr 2008
47474 posts
Posted on 4/2/22 at 7:16 pm to
quote:


He's not going to let you suck him off, mike


YOU DON'T KNOW!!!! He may be one of them guys who just needs a couple of shots of Rumple Minze to come over to the dark side.
Posted by Tiger Prawn
Member since Dec 2016
21881 posts
Posted on 4/2/22 at 7:43 pm to
My previous house was DSLD and had post-tension slab
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
9926 posts
Posted on 4/2/22 at 8:08 pm to
Stout - Good post and you've peaked my curiosity. I'm guessing at a few things and trying to put it in perspective with relation to the investor angle.
quote:

FYI, This home was on the market for $275K at one point. It is now for rent for $2500 I think.

Is the home in the Baton Rouge market or it's in one of the markets in the Birmingham/Huntsville/Foley/Tuscaloosa areas?

The 275K/2500 rental has me thinking not Baton Rouge.


Just guessing from the pic, is it 3-5 yrs old??


I'm not an inspector, but in and out of new construction homes all day long and can imagine the things inspectors see at job sites.

The higher volume builders that started in Baton Rouge (Denham) area, with their Home Office in Baton Rouge, like DSLD, Level, have more resources and better oversight at their local developments allowing for more attention to detail when compared to Horton.
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28799 posts
Posted on 4/2/22 at 8:16 pm to
quote:

I also want to know how the city and parish inspectors sign off on this crap


Do you really have to ask that question?
Posted by Centinel
Idaho
Member since Sep 2016
43333 posts
Posted on 4/2/22 at 8:17 pm to
Section 8, coming to a suburb near YOU!

Part II, the ghetto boogaloo.

Posted by bababooey
Lafayette
Member since Jan 2009
1092 posts
Posted on 4/2/22 at 8:24 pm to
Ha! This will not go like you expect.
Posted by Basura Blanco
Member since Dec 2011
8134 posts
Posted on 4/2/22 at 8:33 pm to
quote:

Easily. The city doesn't inspect the slab only the footings and reinforcement in the slab. And the CO has nothing to do with honeycombs.



Yeah, I have never had a city inspector come out during the pour or post install. If they were serious about their jobs, they would be doing a slump test and confirming condition of concrete coming off the truck.
Posted by Rust
Member since Feb 2019
560 posts
Posted on 4/2/22 at 8:33 pm to
quote:

The client is a hedge fund that buys these for rentals


Posted by cyarrr
Prairieville
Member since Jun 2017
3345 posts
Posted on 4/2/22 at 8:39 pm to
This is what doesn't make sense. I'd there that big of a market for renters for 2500? Especially if all you get is a 275k home. You could purchase for a 1000 less per month and throw the extra 1000 down each month on principle if you can afford 2500 per month in rent.
————————————————————-
Not really, with 20% down and low interest rate the note would be around a $1000.

However, taxes, homeowners insurance and flood and mortgage insurance if required will increase the monthly payment substantially.
Posted by Quesadilla Superman
SELA
Member since Aug 2020
710 posts
Posted on 4/2/22 at 9:05 pm to
What companies you write insure for, baw?
Posted by White Bear
Yonnygo
Member since Jul 2014
13866 posts
Posted on 4/2/22 at 9:37 pm to
quote:

Section 8, coming to a suburb near YOU!

Part II, the ghetto boogaloo.



This exactly the reason for these cheap, shitty neighborhoods. They’re basically apartments.
This post was edited on 4/2/22 at 9:38 pm
Posted by Klondikekajun
Member since Jun 2020
1283 posts
Posted on 4/2/22 at 10:27 pm to
quote:

This is what doesn't make sense. I'd there that big of a market for renters for 2500? Especially if all you get is a 275k home. You could purchase for a 1000 less per month and throw the extra 1000 down each month on principle if you can afford 2500 per month in rent.


Problem is that many of these renters don't have the down payment or the credit score for the loan. Throw in a ridiculous student loan balance and a car note and they become permanent renters...
Posted by Beef Supreme
Member since Apr 2008
1919 posts
Posted on 4/2/22 at 11:22 pm to
quote:

You're wrong, that first picture has a post tension patch for sure.

That's not a traditional slab.


What? No. Post tension is not going to be that close to the corner.
Posted by olgoi khorkhoi
priapism survivor
Member since May 2011
14846 posts
Posted on 4/3/22 at 5:00 am to
quote:

Not so sure I agree with you Comrade.

Sincerely yours,

Adam Smith




Public-private partnerships are an example of the free market?
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