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re: Help me understand Nola housing market UPDATE

Posted on 7/19/20 at 3:15 pm to
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 7/19/20 at 3:15 pm to
jbe just gave big money to ppl who can't pay mortgages or behind on rent. Nola housing not coming down anytime soon dude.
Posted by beauxkner
Flippa City
Member since Jun 2008
576 posts
Posted on 7/19/20 at 3:22 pm to
I’m reading the 24MM that JBE is employing is for rental insurance for households making less than ~25k/yr. I seriously doubt the program is helping people that own homes uptown in the 400-600k range. Did I miss something?
Posted by tigergirl10
Member since Jul 2019
10324 posts
Posted on 7/23/20 at 11:55 am to
quote:

just gave big money to ppl who can't pay mortgages
No, he didn’t. They had $24 million for people who are substantially behind on rent and facing eviction who made less than 30% average median income. Not mortgages. The money ran out in 4 days.
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