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re: Help me understand Nola housing market UPDATE
Posted on 7/19/20 at 3:37 pm to Mr Perfect
Posted on 7/19/20 at 3:37 pm to Mr Perfect
No but many likely work for/own businesses that are tied to the local economy. Restaurant/bar owners, executive chefs, commercial real estate, banks that lend to local businesses, Air BnB ownership, event planning companies/venues...need I go on?
I think it’s a little short-sided to suggest that the Nola economy at large won’t be affected by the pressures of relatively zero tourism.
I think it’s a little short-sided to suggest that the Nola economy at large won’t be affected by the pressures of relatively zero tourism.
This post was edited on 7/19/20 at 3:43 pm
1
Posted on 7/19/20 at 4:35 pm to beauxkner
I am also currently looking to buy. I’m trying to hold on to my current lease another 4-5 months to judge what the best move is. I know commercial is done. I have friends in commercial who say business is down 80% as businesses leave and or realized they can work from home and have no need to renew. Would hate to be a restaurant in the CBD, a huge chunk of their daily profits are going to disappear with less people down there every day.
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