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Old 07-24-2011, 02:17 PM
 
Location: New Orleans, United States
4,230 posts, read 9,743,915 times
Reputation: 1420

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Quote:
Originally Posted by trafficsucks View Post
The problem is people in Baton Rouge compare their housing market to that of New Orleans, Alexandria, north LA and Lafayette but they fail to realize that BR's market is more $ because this is the largest metro in Louisiana. If you want a dirt cheap home then don't live in the most populated part of Louisiana.
Baton Rouge isn't the largest metro or the most populous ares in the state. Also, the housing market/COL in New Orleans is way more expensive than, probably more than double, Baton Rouge and the rest of the state. I can understand BR being high compared to North Louisiana, but it seems like the rest of South Louisiana should be the same or higher because of insurance costs. I definitely could be wrong.

Last edited by WestbankNOLA; 07-24-2011 at 02:28 PM..
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Old 07-25-2011, 07:50 AM
 
96 posts, read 316,574 times
Reputation: 43
here you go...

Moderator cut: link removed, linking to competitor sites is not allowed

compare with other states and you'll how that homes in BR are indeed more expensive. I am not complaining, I'm just presenting the info...

Last edited by Yac; 01-24-2012 at 05:43 AM..
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Old 07-26-2011, 10:10 AM
 
Location: New Orleans, United States
4,230 posts, read 9,743,915 times
Reputation: 1420
Quote:
Originally Posted by champa View Post
here you go...

Moderator cut: link removed, linking to competitor sites is not allowed

compare with other states and you'll how that homes in BR are indeed more expensive. I am not complaining, I'm just presenting the info...
That can't be taking into account availability and condition of the housing stock. It has to be taking a count of every available listing in an area and comparing them to average income rates because if you put two comparative homes from certain cities on that list together it doesn't add up. According to that data it would be more expensive for me to move Baton Rouge. I'd a shotgun house in a slum can go on the market for almost $200,000 and sell I stand corrected.

Last edited by Yac; 01-24-2012 at 05:43 AM..
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Old 07-26-2011, 01:12 PM
 
228 posts, read 404,484 times
Reputation: 55
Quote:
Originally Posted by WestbankNOLA View Post
That can't be taking into account availability and condition of the housing stock. It has to be taking a count of every available listing in an area and comparing them to average income rates because if you put two comparative homes from certain cities on that list together it doesn't add up. According to that data it would be more expensive for me to move Baton Rouge. I'd a shotgun house in a slum can go on the market for almost $200,000 and sell I stand corrected.

It's funny watching Nola people flop around and pretend they are still a growing and relevant city.
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Old 07-26-2011, 04:14 PM
 
Location: New Orleans, United States
4,230 posts, read 9,743,915 times
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Quote:
Originally Posted by trafficsucks View Post
It's funny watching Nola people flop around and pretend they are still a growing and relevant city.
It's funny reading your posts.
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Old 07-26-2011, 04:20 PM
 
Location: Denver
15,300 posts, read 22,631,139 times
Reputation: 10807
Quote:
Originally Posted by trafficsucks View Post
It's funny watching Nola people flop around and pretend they are still a growing and relevant city.
And Baton Rouge is better?
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Old 07-27-2011, 07:06 AM
 
Location: City of Central
1,845 posts, read 4,015,299 times
Reputation: 951
Here we go again .
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Old 07-30-2011, 01:02 PM
 
595 posts, read 1,067,164 times
Reputation: 147
Yes ,I think so.
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Old 08-01-2011, 10:25 AM
 
96 posts, read 316,574 times
Reputation: 43
Quote:
Originally Posted by WestbankNOLA View Post
That can't be taking into account availability and condition of the housing stock. It has to be taking a count of every available listing in an area and comparing them to average income rates because if you put two comparative homes from certain cities on that list together it doesn't add up. According to that data it would be more expensive for me to move Baton Rouge. I'd a shotgun house in a slum can go on the market for almost $200,000 and sell I stand corrected.
The statistic uses the median (middle point). So in essence it looks at the affordability of a home costing the median by people earning the median income.
You can also use the "seat of your pants" meter and look at homes where "you would be willing to live". For my case I would need to spend considerably more in BR to be in an area I would feel comfortable compared with other places I've been / lived in. This is assuming homes in EBR and not the extended suburbs where your money might buy more but where you need a long commute.

just my 2 cents...
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Old 08-01-2011, 10:44 AM
 
Location: Baton Rouge
1,734 posts, read 5,343,036 times
Reputation: 670
Quote:
Originally Posted by champa View Post
The statistic uses the median (middle point). So in essence it looks at the affordability of a home costing the median by people earning the median income.
You can also use the "seat of your pants" meter and look at homes where "you would be willing to live". For my case I would need to spend considerably more in BR to be in an area I would feel comfortable compared with other places I've been / lived in. This is assuming homes in EBR and not the extended suburbs where your money might buy more but where you need a long commute.

just my 2 cents...
What do you see as a fair price point for an average house?...let's say it has 3 bedrooms, 2 baths with backyard and in decent shape.
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