Thursday, September 01, 2005

Baton Rouge. No Vacancies. Real Estate Boom.

Over night the population of Baton Rouge has doubled going from 250,000 people to over 500,000. The mayor has stated that there is not enough security personal or infrastructure to support this population, and has stated that we are no longer able to take any more evacuees. He is also looking to move those located at the River Center to other cities.

One week ago, news and business reports were stating that we were on the verge of real estate bust. Overnight, this has changed as well. Apartment complexes are getting calls requesting blocks of 20, 50, even 100 apartments. People are buying houses that have been overpriced and on the market for over 18 months. People are buying houses sight unseen.

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