Posted on 09/09/2005 6:16:47 PM PDT by FReepaholic
BATON ROUGE, La. -- Overnight, this city of 400,000 has grown faster than any other in America.
Exactly how many have come to the metropolitan area isn't known, but the tens of thousands of residents and business owners from across the hurricane-ravaged parishes of southern Louisiana seeking to rebuild businesses and lives illustrate a far larger picture of the mass migration that promises to reshape life in Gulf Coast and deep South communities such as Houston; Jackson, Miss.; Mobile, Ala.; and Memphis, Tenn.
(Excerpt) Read more at realestatejournal.com ...
Yep, I was talking to an investor this week whose family is from Baton Rouge- he said that it's not just people but busineesses that are asking "if I have to move why not move permanantly?" He said his property value is way up in a couple of weeks.
my friend just bought a piece of commercial property to run his business out of.
Everyone is complaining about traffic there. Traffic was horrible before the evacuee's came so I can only imagine what it is now.
no seat on public busing must suck too.
I bet it surely looks different today.
Local Baton Rouge station here today said that property values have gone up 20-40% in just this one week. The day before the storm, there were 3,500 available houses on the market. There are now just 500 homes on the market left.
If you move a fully functioning labor force from one locale to another (and it does not cause untenable physical conditions), what happens?
Sounds like "Price Gouging!" Somebody better pass a law!
Depends how far prices are out of whack with income in the region. The credit fueled nature of the bubble in other areas will have the wind taken out of it's sails by the Fed. When the supply of credit contracts demand will just intersect at a new, lower price.
We own a house on corner lot in Pearl, Ms.(Hwy 80) just east of Jackson and would be a good place to start a business let them come give me a good price and We'll be happy to sell. I say bring it on !
I am here and it is true.
House across the street is up for 1.5 million, It is 5000 sq feet and would ordinarily expect to go from 500 to 600 thou. Entire apt buildings, just finished, are being sold en masse to business.
I don't know how long it will last. We want to work another year but maybe it won't last that long.
Any realtors here?
Have to get a trailer for the time being.
It already happened 105 years ago after the Galveston storm of September 8, 1900. Galveston used to be the deep water port for Texas. Now it is just a tourist town. Houston is now the economic center of the Texas gulf coast.
Good point. I wonder whether any of these people who talk about gouging when it comes to gas also do so when they ask for a raise: aren't they involved in gouging also?
Or elsewhere for that matter.
On the radio today we heard Southern California realtor's are being contacted by some of the wealthier *insured* folks from those regions inquiring about homes in Cal.
More people means more government.
More rules, more laws, more taxes.
Less freedom.
More democrat thinking.
So they want to trade hurricanes for earthquakes? Wait til the first time they get a big quake. At least with a hurricane, you are warned...
Get real. At least in a quake, your home and belongings don't end up scattered all over in the next state. LOL!
Tell you what, you keep your hurricanes where they are, and I'll keep my quakes. It's a deal!
Uh, I live in quake and volcano country- the only time I lived where there were hurricanes, I was an infant. I fear less for my property as far as damage goes in a quake, but I would prefer WARNING of a quake coming. Last big quake I was 45 miles from my kids and mother (dad was at work 10 miles from me) and wasn't able to find out they were ok for hours because the phone lines were out and it took awhile to drive there with all the extra traffic. At least with a hurricane, I could have my entire family together and try to get someplace safe. If these people have never experienced an earthquake, it will scare the crap out of them. You never forget that rumbling, like a freight train coming right at you.
Like I said, they can keep their hurricanes right where there at. And I feel *very* fortunate I do not live in hurricane regions.
Hurricanes? No thank you.
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