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re: Most Underwater Mortgages in the US - Baton Rouge 1st, Nola 2nd WTF?
Posted on 5/9/24 at 10:01 am to Limitlesstigers
Posted on 5/9/24 at 10:01 am to Limitlesstigers
quote:
I don't see how this is shocking to people.
What's shocking to me is two metro cities less than 75 miles from each other take the 1st and 2nd spot in the entire US, beating out shithole places like Detroit, Oakland etc.
2
Posted on 5/9/24 at 10:02 am to Tomatocantender
Property in Detroit is so cheap, at least for the actual real estate, that you won’t be underwater for that.
County and city property taxes? That’s different.
County and city property taxes? That’s different.
Posted on 5/9/24 at 10:10 am to Tomatocantender
quote:
What's shocking to me is two metro cities less than 75 miles from each other take the 1st and 2nd spot in the entire US, beating out shithole places like Detroit, Oakland etc.
Metro Detroit pretty prosperous compared to South Louisiana. Have you ever been to Auburn Hills, Ann Arbor, Bloomfield Hills, or Birmingham? Lots of automotive R&D, Finance, and Tech.
Oakland is across the Bay from Silicon Valley, the wealthiest metropolitan area in the country.
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