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re: So this is what you get for $500k in New Orleans right now

Posted on 10/22/14 at 10:37 pm to
Posted by HeadBusta4LSU
Baton Rouge
Member since Aug 2007
11312 posts
Posted on 10/22/14 at 10:37 pm to
NO isn't a big city tho baw.
Posted by Louie T
htx
Member since Dec 2006
36300 posts
Posted on 10/22/14 at 10:38 pm to
Only way I'll buy in the city any time soon is if the market comes way down. Market is pretty much inaccessible for young people unless they're making ungodly money or really sacrifice on neighborhood.
Posted by Scruffy
Kansas City
Member since Jul 2011
72022 posts
Posted on 10/22/14 at 10:39 pm to
Yea, comparing NO to Houston.

Houston has NO beat by 4x.
Posted by saderade
America's City
Member since Jul 2005
25728 posts
Posted on 10/22/14 at 10:39 pm to
I don't find traffic in New Orleans that bad... I get the roads, crime, politics etc but traffic wouldn't be my complaint.
Posted by REG861
Ocelot, Iowa
Member since Oct 2011
36400 posts
Posted on 10/22/14 at 10:40 pm to
quote:

NO isn't a big city tho baw.



it is a major metropolitan area. Is that better? The 45th to be exact.
Posted by REG861
Ocelot, Iowa
Member since Oct 2011
36400 posts
Posted on 10/22/14 at 10:40 pm to
quote:

Scruffy


how is that a deflection to point out the obvious, that you're poorly traveled?
Posted by KBeezy
Baton Rouge
Member since Dec 2004
13529 posts
Posted on 10/22/14 at 10:42 pm to
quote:

lol... that house is at least 900k where I live if not over 1 mil

I'd buy the shite out of that


Shut up
Posted by DrinkDrankDrunk
Member since Feb 2014
836 posts
Posted on 10/22/14 at 10:42 pm to
It's actually only on 3.8 acres. It was moved there in the 80's.

Check out this room, make note of the window unit and the floors.



I could see buying it and restoring it if your grandparents lived there or you had some other connection to it. But otherwise not no but hell no. In the original picture you can't see all the boarded up windows either...
This post was edited on 10/22/14 at 10:44 pm
Posted by Scruffy
Kansas City
Member since Jul 2011
72022 posts
Posted on 10/22/14 at 10:45 pm to
quote:

how is that a deflection to point out the obvious, that you're poorly traveled?
Scruffy has traveled the world, brohamenstein.

Multiple states, countries, and continents.

Dirt roads are also terrible for Scruffy's car.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 10/22/14 at 10:47 pm to
quote:

Scruffy has traveled the world, brohamenstein.


BS, you never got past St. Martinville before you made it to Shreveport
Posted by Scruffy
Kansas City
Member since Jul 2011
72022 posts
Posted on 10/22/14 at 10:48 pm to
quote:

BS, you never got past St. Martinville before you made it to Shreveport
Scruffy will admit that he had never stopped in Shreveport until he moved there.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 10/22/14 at 10:51 pm to
quote:

Scruffy will admit that he had never stopped in Shreveport until he moved there

I remember a time when the Teche was more navigable than the Red River, Teche still leads in toxicity
Posted by Thib-a-doe Tiger
Member since Nov 2012
35346 posts
Posted on 10/22/14 at 10:54 pm to
People in New Orleans are dumb. It's almost like they forgot what happened there 9 years ago
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65525 posts
Posted on 10/22/14 at 11:01 pm to
quote:

People in New Orleans are dumb. It's almost like they forgot what happened there 9 years ago


Many French Quarter and Garden District property owners didn't have a bad Katrina.
Excessively broad generalizations are excessively broad.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92876 posts
Posted on 10/22/14 at 11:15 pm to
Ya that is terrible!
Posted by BigAppleTiger
New York City
Member since Dec 2008
10374 posts
Posted on 10/22/14 at 11:16 pm to
quote:

People in New Orleans are dumb. It's almost like they forgot what happened there 9 years ago


Just like those stupid fricks buying property in Manhattan. I mean it's on an island surrounded by water that got hit by a hurricane more devastating than Katrina. What a lot of you are missing here is not what New Orleans was, but what's it's going to be. People would have laughed at you if you wanted to buy on South Beach in Miami in the late 80's. There are many more factors at work than what most of you are capable of realizing-most of which are not dependent on the idigeneous population, but rather the migratory. Could the bubble burst again...of course, but to people who know what factors to look for and have seen it at work in other cities previously they are all there.

ETA- the OP's example horribly decorated and the realtor sucks for not making them clear it out. The finish is average to below average, but if you look at the market over the last few years in the Marigny/Bywater 212 a sq ft is only moderately overpriced instead of outrageously overpriced. That said I wouldn't buy it because the property itself is quite unremarkable.
This post was edited on 10/22/14 at 11:19 pm
Posted by Scruffy
Kansas City
Member since Jul 2011
72022 posts
Posted on 10/22/14 at 11:17 pm to
quote:

Manhattan
quote:

I mean it's on an island surrounded by water that got hit by a hurricane more devastating than Katrina.
Ummm...what?
Posted by BigAppleTiger
New York City
Member since Dec 2008
10374 posts
Posted on 10/22/14 at 11:27 pm to
quote:

Ummm...what?



Okay, I shouldn't post while exhausted I'll give you that. Not clear and badly explained upon re-read. But my point stands that outside investors and buyers which are making up a good portion of the buyers market in New Orleans at the moment have few of the hang-ups that we as natives do.
Posted by Tigerdew
The Garden District of Da' Parish
Member since Dec 2003
13594 posts
Posted on 10/22/14 at 11:27 pm to
quote:

You live in the point?


A little further down in Park Timbers by Lakewood. We actually have yards and garages.
Posted by Boats n Hose
NOLA
Member since Apr 2011
37248 posts
Posted on 10/22/14 at 11:29 pm to
quote:

Houston has NO beat by 4x.


Meh, all depends on what you're looking for. I prefer Nola.
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