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re: Louisiana economy kicking arse

Posted on 6/1/26 at 2:32 pm to
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
16009 posts
Posted on 6/1/26 at 2:32 pm to
As have we but the insurance companies and elected officials have not decreased their appetites in kind
Posted by mule74
Watersound Beach
Member since Nov 2004
12949 posts
Posted on 6/1/26 at 2:38 pm to
Priorities of Jeff Landry:

LSU Sports
Ten Commandments in class rooms
Redistricting
Licking Donald Trump’s a-hole
Hanging out with his trial lawyer friends

Not on the list:

Fixing Louisiana
This post was edited on 6/1/26 at 2:39 pm
Posted by BrianKellysbuyout
Member since Nov 2025
1909 posts
Posted on 6/1/26 at 2:40 pm to
That's 1 in 7!
Posted by hghlndk
Shreveport,louisiana
Member since Oct 2012
109 posts
Posted on 6/1/26 at 2:43 pm to
I will make my last mortgage payment this December. I will still be on the hook for $10,000 a year in property tax and insurance.
15 year notes are the way to go
Posted by junkyarddawg3
Metro ATL
Member since Nov 2015
1736 posts
Posted on 6/1/26 at 2:47 pm to
quote:

Paid my mortgage off in 2009.


Posted by LSUbest
Coastal Plain
Member since Aug 2007
17284 posts
Posted on 6/1/26 at 2:58 pm to
quote:

they bought the max monthly note they could afford.


Don't be greedy.

Raising the base flood elevation and putting everyone in a "special high risk" flood zone to save the mismanaged flood insurance program probably contributed to foreclosures.

Mine went from "no flood every hundred years" to "special high risk" flood zone. Over $4000 a year.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184100 posts
Posted on 6/1/26 at 2:59 pm to
quote:

Raising the base flood elevation and putting everyone in a "special high risk" flood zone to save the mismanaged flood insurance program probably contributed to foreclosures.

Mine went from "no flood every hundred years" to "special high risk" flood zone. Over $4000 a year.



Flood maps change. It has been that way forever
Posted by LSUbest
Coastal Plain
Member since Aug 2007
17284 posts
Posted on 6/1/26 at 3:11 pm to
quote:


Flood maps change. It has been that way forever


Every ten to twenty years?

In this case it was because FEMA bribed the parishes to participate in their program to save the NFIP.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184100 posts
Posted on 6/1/26 at 4:41 pm to
quote:

Every ten to twenty years?


Not even that long. FEMA is legally required to assess the need to update all flood maps every five years.
Posted by ColoradoAg
Colorado
Member since Sep 2011
28118 posts
Posted on 6/1/26 at 4:44 pm to
14 percent of loans are delinquent?!?!
Posted by ColoradoAg
Colorado
Member since Sep 2011
28118 posts
Posted on 6/1/26 at 4:46 pm to
quote:

I will still be on the hook for $10,000 a year in property tax and insurance
Congrats. That is actually pretty low
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