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re: Help me understand Nola housing market UPDATE
Posted on 7/19/20 at 7:41 pm to JonTigerFan11
Posted on 7/19/20 at 7:41 pm to JonTigerFan11
quote:
work from home era we are about to permanently enter.
Permanently enter? That’s a bit overstated, wouldn’t you agree?
1
Posted on 7/19/20 at 8:01 pm to Paul Allen
can't talk logic with these ppl dude
he actually thinks ppl will work from home... and choose to live in metarie out of all places
he actually thinks ppl will work from home... and choose to live in metarie out of all places
Posted on 7/19/20 at 8:08 pm to Mr Perfect
Metairie* and no I don’t think it’s overstated. I think it’s been on the horizon anyway and covid has just sped up the era. It’s cheaper for people not to lease commercial space, and I’d be willing to bet some industries realized they could make the same amount of money/get as much work done from home without the overhead of leasing space.
Alright Mr. Perfect thanks for you’re input.
Alright Mr. Perfect thanks for you’re input.
Posted on 7/19/20 at 8:13 pm to JonTigerFan11
quote:
much work done from home
What about salespeople throughout the country? Are they just going to work from home and do Zoom meetings indefinitely and never see someone in person again?
Posted on 7/19/20 at 8:15 pm to Mr Perfect
quote:
ppl will still wanna live in Nola for the bars and the festivals and the coffee shops
When the bars are closed and there are no festivals Nola loses its charm quickly.
Posted on 7/19/20 at 8:17 pm to Paul Allen
quote:
What about salespeople throughout the country? Are they just going to work from home and do Zoom meetings indefinitely and never see someone in person again?
A lot will yes
Why would a company need to have large overhead of offices when ppl can do the same job at home
Posted on 7/19/20 at 8:17 pm to tigeralum06
right. true. it's not great here now. I'm assuming things will be open by 2021 but who knows w Latoya and jbe
Posted on 7/19/20 at 8:18 pm to Paul Allen
Never said that. I said certain industries, and I also said commute 1-2 times a week. It is entirely plausible and likely imo that the workspace will shrink and I think turn in to a community space. Big 4 accounting firms already do this. In my opinion, because it is likely people will be going in to the office so much less, it will drive people to look outside of Orleans Parish.
Although I know several salesman who completely work from home now and who’s companies have told them to stay at home.
Also, if you can do your job on zoom and it costs your company less, I guarantee they don’t care if you ever are face to face with a client again.
Although I know several salesman who completely work from home now and who’s companies have told them to stay at home.
Also, if you can do your job on zoom and it costs your company less, I guarantee they don’t care if you ever are face to face with a client again.
Posted on 7/19/20 at 8:23 pm to JonTigerFan11
quote:
it is likely people will be going in to the office so much less, it will drive people to look outside of Orleans Parish.
it will also drive a lot of people in ohio and kansas and iowa to move to nola short term -- if you can work anywhere, youre going to choose cool cities, not suburbs. imo, the short term rental market in nola will explode once things get back to normal
This post was edited on 7/19/20 at 8:25 pm
Posted on 7/19/20 at 8:30 pm to rocket31
I couldn’t disagree with that more.
Posted on 7/19/20 at 8:34 pm to SDVTiger
quote:
A lot will yes
Interesting. A lot of sales calls and relationships have been built in person regardless of industry for decades now. I just don’t see this happening.
Posted on 7/19/20 at 8:36 pm to JonTigerFan11
quote:
Also, if you can do your job on zoom and it costs your company less, I guarantee they don’t care if you ever are face to face with a client again.
If this holds true, airlines and hotels are going to be devastated. Think of all the Monday thru Thursday business travel throughout the country. I just don’t see this happening.
Posted on 7/19/20 at 8:36 pm to Paul Allen
Maybe. And hopefully I'm wrong but I just see a huge commercial real estate crash due to this
Posted on 7/19/20 at 8:38 pm to beauxkner
What's your range? We live Uptown and will be selling soon. We're in a 3/3 with 2700 sq ft. 70115
Posted on 7/19/20 at 8:43 pm to o0 ecdysis 0o
You’re going to be out of our price range at that sq ft in 70115. We live in 70115 at the moment. Pre-approved for 550k. Fiancée is in real estate and can do entire transaction off-market so no commissions fwiw.
Posted on 7/19/20 at 8:43 pm to beauxkner
got it. thanks anyway.
Posted on 7/19/20 at 8:43 pm to rocket31
quote:
ohio and kansas and iowa to move to nola short term -- if you can work anywhere, youre going to choose cool cities, not suburbs.
I agree with this line and it will certainly benefit NO. You have to live somewhere. Believe it or not, Uptown NO is cheap compared to a lot of cool cities especially for anyone relocating from out west or the northeast. A lot of the cons listed apply to most cities as well. The Tulane and Loyola student issue could very impactful.
NO also doesn’t have large scale home builders dumping a bunch of inventory intro he market either.
Posted on 7/19/20 at 8:46 pm to Paul Allen
I think this is a realistic thing to consider. If your company realizes or has realized that you can get your job done effectively without them having to pay more, why would they say “ok let’s get you back to flying across the country and let’s renew this commercial lease that’s one of our highest overhead costs.”
I’m not claiming this to be scripture. But as I look to buy a home it’s something I’m considering, especially in New Orleans who’s economy is service and tourist centric, who has incompetent leadership, and who will make up for losses with increased property tax.
I’m not claiming this to be scripture. But as I look to buy a home it’s something I’m considering, especially in New Orleans who’s economy is service and tourist centric, who has incompetent leadership, and who will make up for losses with increased property tax.
Posted on 7/19/20 at 9:40 pm to Mr Perfect
quote:
ppl will still wanna live in Nola for the bars and the festivals and the coffee shops.
I’m an agent and I’m 100% truthful with clients letting them know I wouldn’t touch New Orleans with a 10’ pole. I understand paying higher taxes in the city, but you get absolutely no benefit from the higher taxes. Not to mention my friends in Orleans spend more for a month of water/sewer service than I do for 2.
Posted on 7/19/20 at 9:41 pm to beauxkner
3/3 @ 706 Napoleon but two blocks from Tips, $500k. Prime location for uptown Mardi Gras. Decently updated as well.
There’s also plenty homes in your range in Freret.
There’s also plenty homes in your range in Freret.
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