Domain: tiger-web1.srvr.media3.us Help me understand Nola housing market UPDATE | Page 4 | Money Talk
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re: Help me understand Nola housing market UPDATE

Posted on 7/20/20 at 10:20 pm to
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 7/20/20 at 10:20 pm to
Tons. And zero offers

Probably had over twenty showings with the two open houses and three weeks on the market
This post was edited on 7/20/20 at 10:21 pm
Posted by ihometiger
Member since Dec 2013
12475 posts
Posted on 7/20/20 at 10:25 pm to
quote:

In addition taxes are gonna skyrocket. Prepare thy anus.


Which further fuel gentrification
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40668 posts
Posted on 7/20/20 at 10:29 pm to
quote:

Tons. And zero offers



Kinda strange. I looked up your place. Seems like a reasonable asking price given recent sales in the area.
Posted by saderade
America's City
Member since Jul 2005
26332 posts
Posted on 7/20/20 at 10:41 pm to
quote:

Kinda strange. I looked up your place. Seems like a reasonable asking price given recent sales in the area.
Agreed. I think it will sell soon.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 7/20/20 at 11:34 pm to
Yea my realtor is stumped. We even gavee it some fresh paint. Had a lot of comps a few weeks ago but the market is dead right now
This post was edited on 7/20/20 at 11:34 pm
Posted by Tygra
Bee Are
Member since Jan 2008
429 posts
Posted on 7/20/20 at 11:57 pm to
We spoke about your house previously. Hang in there. I took control of the situation to get people into the house. We painted everything and updated photos and wrote a new description. Got our first offer today and showings increased majorly. There are some things moving in Metairie, but they’re priced to sell. I think it’s a buyers market there with the exception of Old Metairie. Have you heard any other valuable feedback that you could do to get it to sell more quickly?

Also to the OP, Uptown will hold steady over time. You can wait, but if you find a house you love get it or someone else will. If you can’t find it, rent until you do. There could possibly be a minor dip, but it won’t last long. Rates are low and people are buying still.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 7/21/20 at 2:35 am to
nm
This post was edited on 7/21/20 at 2:37 am
Posted by Jp1LSU
Fiji
Member since Oct 2005
2542 posts
Posted on 7/21/20 at 5:23 am to
quote:

But I am concerned about renting in certain areas because of the service industry/students as primary renters.


Who then is your ideal tenant?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
471492 posts
Posted on 7/21/20 at 7:40 am to
quote:

I get all this and totally agree but what about sales departments across the country regardless of industry? Building relationships and seeing people face to face is/was the traditional way of cultivating a relationship and a sign of good salespeople.

What happens to this going forward? Surely an in person sales call is always going to be more effective than a MS Teams or Zoom meeting.

if you want my outsider opinion, limiting intrusive F2F sales meetings is likely a great way to limit mistakes and it's better for the business to keep it to phone/video conferencing b/c they'll make more rational decisions without the influence in-person sales can create

if i were consulting with industry this would be a major selling point for limiting office presence
This post was edited on 7/21/20 at 7:41 am
Posted by TJG210
New Orleans
Member since Aug 2006
29328 posts
Posted on 7/21/20 at 8:02 am to
quote:

it's better for the business to keep it to phone/video conferencing b/c they'll make more rational decisions without the influence in-person sales can create



I used to be in supply chain management and I’m not sure I agree with this. I think the personal interaction is a key component to a business relationship. If something is occurring that needs to be fixed I’d much rather deal with someone in person than over a zoom meeting.
Posted by MMauler
Primary This RINO Traitor
Member since Jun 2013
24209 posts
Posted on 7/21/20 at 8:50 am to
In Lakeview it seems like every other house is on the market. I'm guessing that those people realize what Latoya the Destroya is getting ready to do to an already absurd property tax rate. Plus, she is not going to be fixing those streets any time soon. Add to that the exploding crime rate in the area and it's just a recipe for disaster. I think people out there see what's coming and are looking to get out NOW.

Here is the current snapshot of Lakeview housing sales on Zillow --

This post was edited on 7/21/20 at 8:57 am
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 7/21/20 at 8:54 am to
Lakeview and Metairie going to be booming markets tho guys lmao. that what @jontigersfan trying to tell us

hey @cetiger tell @jontigersfan to buy your house since he think Metairie going to be gucci real estate $
This post was edited on 7/21/20 at 12:03 pm
Posted by MMauler
Primary This RINO Traitor
Member since Jun 2013
24209 posts
Posted on 7/21/20 at 9:10 am to
quote:

Lakeview and Metairie going to be booming markets tho guys lmao.


I think a lot of those people looking to sell in Lakeview will be looking to move right across the canal into Metairie (probably closer to Causeway Blvd.) or to Old Metairie. The problem with Old Metairie is that any reasonably priced home is scooped up within days of being on the market or the seller is just completely unrealistic with his/her price so it will sit on the market for a while.

I also think a lot of those sellers in Lakeview will look to move to Mandeville/Covington if they foresee that they will be telecommuting in the future as a result of current work situation due to the pandemic.

I used to live in Lakeview and still belong to the Facebook page. The crime in Lakeview is completely f*cking INSANE. It seems like there are several car break-ins every f*cking night. The potholes are also insane. Given what Latoya is going to be doing with property taxes (not to mention redlight/speed cameras coming to every f*cking corner) and I think people are just looking to get out before the property values plummet.
This post was edited on 7/21/20 at 9:13 am
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 7/21/20 at 9:15 am to
you're probably right dude. good analysis. I know some ppl who bought in Lakeview and are now hoping to move into midcity since they think prices will come down
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40668 posts
Posted on 7/21/20 at 10:03 am to
I don't understand Lakeview. It's the feeling of Metairie with all the downsides of orleans parish.

It also takes less time for me to get places uptown, cbd and even some midcity than the people who live deep in Lakeview.
Posted by TigreB77
Member since Jun 2019
92 posts
Posted on 7/21/20 at 10:22 am to
Why would they move from Lakeview to mid-city? If I remember correctly hasn’t mid-city flooded every single time there’s a moderate shower.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 7/21/20 at 11:30 am to
My in laws moved from Lakeview to a few streets east of Causeway for this very reason. I moved in the same area and freaking love this area. Turned a 1960s house into something worth close to half a million . I know my father in law is ecstatic to be out of Lakeview and Orleans Parish.
Posted by tigeralum06
Member since Oct 2007
2901 posts
Posted on 7/21/20 at 11:56 am to
What is the address for the one you are selling? I'm looking in that area as well.
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 7/21/20 at 11:58 am to


Send me an email at CETiger07@gmail if ya wanna talk about it . Don’t wanna use this board to try and sell a house
This post was edited on 7/21/20 at 12:00 pm
Posted by tigeralum06
Member since Oct 2007
2901 posts
Posted on 7/21/20 at 11:58 am to
Got it, you can delete
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