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re: The Odeon, tallest building constructed in NOLA in 3 decades, to open next month
Posted on 10/1/20 at 6:47 pm to brewhan davey
Posted on 10/1/20 at 6:47 pm to brewhan davey
quote:
It got to a point where me and my wife broke down our yearly expenditures on rent, and told ourselves, we might as well put money into some equity if we can afford it.
Definitely. I’ll take having an asset at the end of the day over renting for years on end. If you buy smart, you will be able to sell when it’s time to move on, and recoup some serious money. I couldn’t imagine living in a place like that long term and pouring money into rent. That, of course, goes for apartments and not a townhome or something you take ownership in.
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Posted on 10/1/20 at 6:48 pm to TexasTiger08
a lot of poor ppl in this thread.. now it makes sense why ppl cry about nola. they can't afford it
Posted on 10/1/20 at 6:51 pm to The Boat
Didn't seem to slow houston down.
Posted on 10/1/20 at 6:53 pm to Mr Perfect
quote:
now it makes sense why ppl cry about nola. they can't afford it
Huh? It probably has more to do with people being smart with their money, especially now. Why anyone would pay for that is beyond me. Like I said, I assume the majority of people getting in on the fun are really rich with a bunch of ‘frick you’ money. Since when is New Orleans loaded with those kinds of residents? And as one person pointed out, there’s a reason this is news in NO, when Austin has had well-over a dozen of these go up already with probably a dozen more in the works.
Posted on 10/1/20 at 6:59 pm to TexasTiger08
austin is how many times the size of new orleans again? 
also, new orleans is full of people with fun frick you money.
also, new orleans is full of people with fun frick you money.
Posted on 10/1/20 at 7:06 pm to John Wayne
What's the point of living in NOLA if you have to leave the city to do social activities?
Posted on 10/1/20 at 7:21 pm to rocket31
quote:
austin is how many times the size of new orleans again?
New Orleans est pop: 390,144
2010: 343,829
2000: 484,674
1990: 496,938
NO metro est: 1,275,762
2010: 1,189,166
2000: 1,337,726
1990: 1,238,816
Austin est pop: 978,908
2010: 790,390
2000: 656,562
1990: 465,622
Austin metro est: 2,227,083
2010: 1,716,289
2000: 1,249,763
1990: 846,227
I think the big concern here is how quickly New Orleans became little brother to Austin. I hate what Austin has become, but NO population in the city declined from 1960-2010. It’s population reduced by about 40%. In the same timeframe, ATX went from 186,545 in the city to nearly 800,000.
This isn’t about skyscrapers and loft apartments. If people want to spend their money on that, fine. Growth is great. I wish New Orleans would get back to where it once was.
quote:
also, new orleans is full of people with fun frick you money.
Is it? Or have these people moved away, but want to maintain a little getaway to the Crescent City?
Posted on 10/1/20 at 7:26 pm to TexasTiger08
Well the people with frick you money living in another state that want a piece of the city aren’t doing so by Paying Rent of $2000-$3000 a month on an apartment. They are buying
This post was edited on 10/1/20 at 7:26 pm
Posted on 10/1/20 at 7:26 pm to TexasTiger08
Austin is a good comparator to Nola if you are looking at mid-major markets. It truly is a tale of two cities if you look at population and economic movement in the last quarter century. It’s as if one city has become a magnet and the other, a repellant. I too wish that Nola recognizes what it needs to do to attract the right kind of business and gets its act together.
This post was edited on 10/1/20 at 7:29 pm
Posted on 10/1/20 at 7:34 pm to brewhan davey
People will stupidly pay that high rent and then have section 8 in the apartments around them. Friend of mine lived in the marquis condos on poydras right after they opened. He had section 8 on both sides of him within 5 months of them opening
This post was edited on 10/1/20 at 7:47 pm
Posted on 10/1/20 at 7:35 pm to TexasTiger08
so you hate what austin has become but you want new orleans to be more like it? what
before covid, new orleans was doing pretty well...although im not sure where it goes from here or how impactful that will be long term on the city
i personally do not want new orleans to be more like austin but adding a ~100,000k more to the population would be a good thing
before covid, new orleans was doing pretty well...although im not sure where it goes from here or how impactful that will be long term on the city
i personally do not want new orleans to be more like austin but adding a ~100,000k more to the population would be a good thing
Posted on 10/1/20 at 7:36 pm to Ba Ba Boooey
The Marquis was already mixed income
However these are a far cry from the marquis apartments
However these are a far cry from the marquis apartments
Posted on 10/1/20 at 7:37 pm to ThePoo
quote:
However these are a far cry from the marquis apartments
That’s an understatement
Posted on 10/1/20 at 7:37 pm to brewhan davey
Parents of a friend bought a place in The Standard. Holy shite is it nice.
Posted on 10/1/20 at 7:38 pm to brewhan davey
quote:
and the other, a repellant.
But here we are talking about stupid high rent apartments and insane condo prices in Nola.
But seriously, I worry a great deal about what Nola will look like by next summer. Covid combined with the stupidity of Latoya may finally push the city to the dumpster fire that a lot of the OT roots for it to be.
Posted on 10/1/20 at 7:41 pm to brewhan davey
why are people ITT acting like 2k for a 1br and 3k for a 2br is so high
Posted on 10/1/20 at 7:41 pm to GreatLakesTiger24
Those are lake Charles prices tbh
Posted on 10/1/20 at 7:41 pm to fightin tigers
Domain made some great properties. They filled a niche that was not present in New Orleans and I guess they want to see how far they could extend it
But I’m sure they are sweating bullets over their pre-covid investment
However, apartment complexes in big cities make money hand over fist and they do so almost immediately. They’re typically a great investment if you can afford to get into them
Even better investment if you take over existing abandoned structures and convert them to apartments as you’re practically paid to build them
The New Orleans warehouse district was a literal investment goldmine when it came to that
But I’m sure they are sweating bullets over their pre-covid investment
However, apartment complexes in big cities make money hand over fist and they do so almost immediately. They’re typically a great investment if you can afford to get into them
Even better investment if you take over existing abandoned structures and convert them to apartments as you’re practically paid to build them
The New Orleans warehouse district was a literal investment goldmine when it came to that
Posted on 10/1/20 at 7:41 pm to GreatLakesTiger24
Most are used to rural living
Posted on 10/1/20 at 7:43 pm to ThePoo
It seemed super empty. I went and looked at them when I was looking for my house, was too far out of my reach for what I needed, but my realtor was just as curious as I was to see the place.
The Garage place is pretty cool too. I like the idea, but NOLA doesn't have the car market for it to live up to my dreams.
The Garage place is pretty cool too. I like the idea, but NOLA doesn't have the car market for it to live up to my dreams.
This post was edited on 10/1/20 at 7:44 pm
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