Home Buying in Deridder>Question Details

Jimmy Davis, Home Buyer in Deridder, LA

currently, I reside in Houston Texas. Daily, I see new homes ranging easily from the 70K and up. However, Deridder market is out of reality. Why?

Asked by Jimmy Davis, Deridder, LA Mon Jul 4, 2011

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4
once again the military are being taken advantage of because the greedy realize how desperate they are and the likelihood the soldier will be approved for VA financing. the homes are overpriced by $50,000-$80,000.
2 votes Thank Flag Link Fri May 25, 2012
Here's the thing... you DON'T have to live there. It's a CHOICE. You can live in nasty Diseasville where there's strip joints and bars and crime and FILTH... because THEY cater to the military. That's what the military did to Leesville. People choose DeRidder because it's clean and decent, has lower crime and better schools. That didn't happen by accident. And, no, they don't have huge industry there... unless you count TIMBER, which is one of the state's biggest industries. But, of course, you fly-by-nighters wouldn't know about that. Every place you go, price is determined by location and what the area has to offer. We don't HAVE to give our land away and nobody's forcing you to buy there. Of course, you WANT to, because it *IS* so much nicer than the surrounding areas.
Flag Tue Jul 31, 2012
The answer to your question is best summarized by the Law of Supply & Demand. When a particular product, not just real esate, is in high demand & short supply the price for that product rises & when supply is high & demand is low then prices would decrease. It is very unfair to say that the military is being taken advantage of, we just happen to live in a market that is driven by military personel.

Hope this helps.

Carl
0 votes Thank Flag Link Wed May 1, 2013
There is a large demand for homes in the DeRidder area. Many people are attracted to the town, schools, and proximity to both Lake Charles, and Ft. Polk. Supply and demand come into play here within the real estate market. There are a lot of buyers, and they are willing to pay for the homes they want.
0 votes Thank Flag Link Fri Oct 14, 2011
I agree that Supply and demand come into play, but that demand is based on the military community. I disagree that there are a lot of buyers (local) that are willing to pay the prices here for the homes listed. Granted there are a few, but builders and realtors know very well that their market is the military and the price for sqft. for a home is much less in Lake Charles or Alexandria.
Flag Sun Jul 8, 2012
That's not exactly true. The demand for homes come from the military families that move into this area and not because they had a huge desire to live here, but because they were directed by the military to move here. The community know this and they also know that these military families either have to live on the military base or rent/buy a home. The median family income in DeRidder is 55K and it is doubtful that a local family with a median income of 55k can afford the 200k homes that are being built. There isn't a huge industry or business that's bringing people from outside of DeRidder and Leesville to this area and the local residents here who are already settled and established are not rushing to buy new homes. The Soldier who's and E-5 or below usually stays in housing on the military base. It's the senior military folks E-7 and above who the community is targeting. Their median family income ranges somewhere in the neighborhood of 75K.
Flag Sun Jul 8, 2012
I can help with the financing of your home in whatever area of Louisiana you move.
0 votes Thank Flag Link Tue Jul 5, 2011
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