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re: Housing prices in Nola are out of control!

Posted on 5/31/15 at 6:27 pm to
Posted by Martini
Near Athens
Member since Mar 2005
48838 posts
Posted on 5/31/15 at 6:27 pm to
quote:

Haven't used my ac in dallas yet either. ...but we have just had the rainiest may on record...


Man I'm in Baton Rouge and I haven't turn my AC OFF since 2001.

My neighbor just sold for $280 sf. I was pleased.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26563 posts
Posted on 5/31/15 at 6:29 pm to
Haven't mentioned it in quite a while, but now I know there's a drinking game....


My rent is over $2,000 a month in an area that is "up and coming". In my old area, it was closer to $3k and I lived on the water. In the best areas of the city you're lucky if your rent is below $4k. And this is all for a 1 bedroom! Drunk enough to pass out and let us get back to talking about New Orleans yet?
Posted by LNCHBOX
70448
Member since Jun 2009
84094 posts
Posted on 5/31/15 at 6:29 pm to
quote:

they will move to metairie and other outer areas. No one wants to live near poor people.


Metairie isn't all that cheap these days either. Poors going to have to go to the river parishes.
Posted by yellowfin
Coastal Bar
Member since May 2006
97635 posts
Posted on 5/31/15 at 6:32 pm to
You've mentioned that before I believe
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26563 posts
Posted on 5/31/15 at 6:33 pm to
quote:

What they are trying to say is that with New Orleans pricing out the poorer folk, they will move to metairie and other outer areas. No one wants to live near poor people.


I totally get that, but by being in a neighborhood near a shitty city, they still live near poor people. If you're in an already nice neighborhood outside the city, then property values will still keep those undesired out of the area. It will only help those property values as well.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26563 posts
Posted on 5/31/15 at 6:34 pm to
It's my only frame of reference and example that I have from personal experience. So sorry if I offended you. Now kindly get the frick over it, because I genuinely am curious about this topic from a New Orleans point of view.
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 5/31/15 at 6:35 pm to
The poor people can't afford the good areas in Metairie. They also don't have access to public transportation in Metairie as they would in OP. Maybe all the poors will continue to flood NOLA east and the Wank.
This post was edited on 5/31/15 at 6:36 pm
Posted by yellowfin
Coastal Bar
Member since May 2006
97635 posts
Posted on 5/31/15 at 6:35 pm to
Is that a month or year?
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26563 posts
Posted on 5/31/15 at 6:38 pm to
Looking to take another shot? Because it degredates the integrity of the game if you are goading me into making you drink.
Posted by BIGDAB
Go for the Jugular
Member since Jun 2011
7468 posts
Posted on 5/31/15 at 6:40 pm to
quote:

The poor people can't afford the good areas in Metairie. They also don't have access to public transportation in Metairie as they would in OP. Maybe all the poors will continue to flood NOLA east and the Wank.


There really is nowhere else for them to go. B

I'm interested to see what happens when this bubble bust, I live here and I don't know where the money comes from to afford these 600k and up houses.
Posted by Fontainebleau Dr.
Mid-View New Orleans
Member since Dec 2012
2400 posts
Posted on 5/31/15 at 6:40 pm to
quote:

Old Metairie IS an urban area. What are your friends seeking? Higher taxes? Slower emergency response times? Higher crime? More potholes?


I grew up in New Orleans (Broadmoor). It never occurred to me to ask my friends what they were seeking by moving to New Orleans. But I assume they are not seeking those things you mentioned, but are obviously willing to put up with those things in favor of other things that New Orleans has to offer. I get the feeling that, for youngish families with some money, living in New Orleans has become something of a status symbol, regardless of the OT's opinions of the city.
Posted by Winkface
Member since Jul 2010
34377 posts
Posted on 5/31/15 at 6:42 pm to
Yes, parts of metairie are expensive but there are also affordable parts as well. Like others say, the outcasts probably go east first.
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 5/31/15 at 6:42 pm to
Ultimately many of the poors aren't going to leave OP. Their hood, their free money, they're not leaving.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
26563 posts
Posted on 5/31/15 at 6:43 pm to
There are other places for them to go, it's just further out than you'd think.

Some cities that I've seen have astoundingly nice cities and surrounding suburbs, and you have to go 45 minutes outside the proper city limits before getting to a poor neighborhood. It doesn't happen overnight, but it does happen
Posted by Winkface
Member since Jul 2010
34377 posts
Posted on 5/31/15 at 6:43 pm to
quote:

living in New Orleans has become something of a status symbol
ding ding ding
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 5/31/15 at 6:44 pm to
I agree with the status symbol comment. Many of those folks think lake view is an affluent area. Speaking of lake view, seems half the new construction their is cheap garbage.
This post was edited on 5/31/15 at 6:46 pm
Posted by Winkface
Member since Jul 2010
34377 posts
Posted on 5/31/15 at 6:45 pm to
quote:

I don't know where the money comes from to afford these 600k and up houses.

part of me wonders if they really can afford it. Time will tell I guess.
Posted by BIGDAB
Go for the Jugular
Member since Jun 2011
7468 posts
Posted on 5/31/15 at 6:46 pm to
quote:

There are other places for them to go, it's just further out than you'd think.

Some cities that I've seen have astoundingly nice cities and surrounding suburbs, and you have to go 45 minutes outside the proper city limits before getting to a poor neighborhood. It doesn't happen overnight, but it does happen


You really don't understand NOLA or the surrounding areas.
There is nowhere else for them to go
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 5/31/15 at 6:47 pm to
East, Wank, Laplace, Slidell....but the group we are speaking about will never leave their hood.
Posted by BIGDAB
Go for the Jugular
Member since Jun 2011
7468 posts
Posted on 5/31/15 at 6:48 pm to
quote:

part of me wonders if they really can afford it. Time will tell I guess


With flood insurance( which will continually rise) and property taxes I wonder the same thing.

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