"We're talking about numbers that nobody had planned for in their wildest dreams," says Bill BacquÃ©, chief executive officer of Van Eaton & Romero. "Our switchboard has just been inundated with people calling to the point where we can't handle it." Van Eaton & Romero doesn't handle rental properties but tries to match callers up with other local property managers.
Last week, BacquÃ© was working with other members of both the Lafayette and Louisiana Board of Realtors to set up a Web site, www.hurricanehomes.net, which they hoped to have up this week, to connect tenants with landlords.
A national site, www.hurricanehomes.org, has also been set up to match refugees with people willing to open up their homes free of charge. As of last week, the site listed more than 58,000 available beds.
Chuck Hebert, manager of Presteaux Management and Old South Realty, which handles more than 1,500 rental properties throughout Acadiana, says he has 40 available rentals on average, but that by midday Thursday, everything was occupied. Dozens are already on a waiting list.
"We're tying to accommodate as much as we can," Hebert says, "but it's just heartbreaking story after heartbreaking story. We just have no place to put them. It's just completely saturated." Many displaced families and businesses were moving beyond renting and beginning to buy properties around town ' a move that could spark a surge in property values.
"As the supply starts to diminish and the demand starts to go up, that's economics 101 that the price will go up," he says.
BacquÃ© wonders how the local market would handle such demand. As of Sept. 2, BacquÃ© says 787 homes were listed on the market in Lafayette Parish with a median price of $194,500. He also estimates another 330 homes could be for sale by owners, for a total of 1,100 homes for sale.
Hebert has already heard of instances where rental prices have gone up and wouldn't be surprised to see that carry into the buyers' market.
At least two businesses headquartered in New Orleans have announced they are moving to Lafayette offices for now. Law firm Liskow & Lewis is also relocating the bulk of its New Orleans staff to Lafayette. The firm signed a one-year lease last week to occupy a floor and a half in the FNB Towers on Jefferson Street. Superior Energy Services is also relocating employees to its Broussard office.
The big question is what will be done to accommodate the growing number of displaced indigents. Most of the residents who lost homes in the hurricane are living paycheck to paycheck.
"Many of these people don't have jobs to go back to," BacquÃ© says. "I don't think we've got any economic model that we can pull off the shelf and look at and say, 'This is what we're going to have to do to solve this problem.' It is unprecedented."
Authorities are investigating a report that a student there warned the principal of impending violence similar to that depicted in the movie "The Purge."
Saints cornerback Champ Bailey has played for more than a handful of playoff teams during a career that has seen him selected to 12 Pro Bowls.
Police say a 56-year-old Lafayette man walking behind a dump truck died when the truck hit him as it was backing up.
Wednesday's Blogs from the Bog!
Fifa under fire for fake turf plans; freed journalist back home; corporate conversions rising and more national and international news for Wednesday, August 27, 2014.
New Orleans Saints quarterback Drew Brees is a proud papa of new baby girl.
The books on Louisiana's last budget year have been closed, but it took a bit of borrowing from this year to make the numbers work.
The Iberia Parish Coroner responded Monday to the attention surrounding the questionable shooting of Victor White III, a black man from New Iberia who died April 2 while in the custody of local law enforcement.
Two months after lawmakers agreed to create a $40 million higher education incentive fund, no decisions have been made about how to divide the money.
With Drew Brees back healthy, the New Orleans Saints are free to work on the little things that can make the difference between a Super Bowl run and something less.
Incumbent U.S. Sen. Mary Landrieu and her lead GOP challenger Congressman Bill Cassidy are running close when it comes to money. Landrieu has $5.5 million to Cassidy’s $5.6 million in the bank.
With expectations mounting that Gov. Bobby Jindal will soon announce his campaign for president, attention is turning to not only who he will bring along with him but also what will transpire politically back home during the transition.
Seven of the 11 U.S. cities in a new ranking of “most dangerous diets” are in the Bayou and Lone Star states, but the ranking is more about poverty than fried oysters.
Lafayette police are investigating a fatal shooting involving an alleged burglar and homeowner.
Saints tight end Jimmy Graham got the message from the NFL. He's not dunking footballs over goal posts any more.
With qualifying over, the start of campaign season is official, and for the Lafayette Parish School Board, the race toward Nov. 4 will pit 20 candidates in battles for all 9 of the district’s available seats.
An abortion rights organization has filed the first court challenge to a Louisiana law that would require doctors who perform abortions to be able to admit patients to a nearby hospital.
U.S. Rep. Vance McAllister started his sign-up for re-election Friday the same as any other candidate, filling out paperwork and handing over cash to pay his qualifying fee. But he finished it quite differently, doused with ice.
The recent release of Victor White III’s autopsy report could spell trouble, as it tells a much different story of his death than the one told five months ago by the Iberia Parish Sheriff’s Office.
“Candidates for Congress and members of Congress spend between 30 and 70 percent of their time raising money to get back to Congress or to get their party back into power.”
Over the last four days of the trial against attorney Daniel Stanford, there’s been one notable absence from Judge Elizabeth Foote’s courtroom: attorney Bill Goode.
Saints quarterback Drew Brees and wide receiver Nick Toon are not on the same page yet, and time is running short for Toon to get it right.
U.S. Rep. Vance McAllister started his sign-up for re-election the same as other candidates, filling out paperwork and handing over qualifying money. But he finished it like no other, doused with ice.
That’s what Lafayette Parish has obtained in Pentagon surplus since 2006.
Qualifying continues through Friday.