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.
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?
Thought you were in Cali?
A radio interview with the Baton Rouge mayor two days ago indicated an interesting twist on the whole episode. He expects around 100,000 people to permanetly resettle in Baton Rouge within two years. They are already drawing up the public transportation and the new roads that will be required. They figure they will be the biggest town in La for at least five years....and perhaps permanently. This leads to alot of speculation about the end result of rebuildling NO...if it is worth the full effort.