As insensitive as this might seem because it appears like people are making a profit off a tragedy, it is something that will happen and merits discussion. The Baton Rouge real estate market is about to explode. Baton Rouge is the obvious spot for businesses from New Orleans to relocate. The owners and employees of these businesses will need houses to live in or rent. Living in a market society as we do, something is worth what people are willing to pay. Besides life sustaining necessities like food, water, gas, and to a limited extent gas, I think the price of something should be what the market will pay. So, all of this leads to my question. I know someone with a nice but somewhat older house. They were planning on selling it in about a year to move away but with the market like it is now, do you think it would be worth it to sell it now and rent for a while? Or will the market be as strong in a year as it is now? Anyone have any thoughts, besides that a horrible person for thinking about something like this now?
There are no more houses to rent in Lafayette. People are beginning to buy houses. My brother's friend decided he's had enough of NOLA and is permanently relocating his family and business to Lafayette. I have a friend who is a real estate appraiser and property values, which already are very high in Lafayette, will increase.
What convinced me to possibly relocate besides the logistical nightmare in baton rouge, is that my real estate agent called me today to see if I would relist my house b/c people are literally buying them up with cash.
I have a meeting monday at the EBR school board about one of the newly added teaching positions... I dont feel bad at all for benefiting.
A friend of mine sold his house today. He's had it on the market for four months with no offers. Five offers came in yesterday. Sold.......
