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re: NOLA real estate
Posted on 12/29/14 at 9:48 pm to Y.A. Tittle
Posted on 12/29/14 at 9:48 pm to Y.A. Tittle
You are looking at $250-300/sq foot for the best areas Uptown and Old Metairie. So beyond those two areas, Lakeview at around $200/sq isn't a bad deal if you want to live in a safe area in the city. Other areas in Metairie closer to the city line aren't much cheaper.
Positives of the area: Safe, full of families, can get to anywhere in the city in about 10 minutes
Cons: streets, property taxes, more suburban feel.
To the OP, I think prices will level off where they are now and barring some major change in the city, should stay around this price range.
Positives of the area: Safe, full of families, can get to anywhere in the city in about 10 minutes
Cons: streets, property taxes, more suburban feel.
To the OP, I think prices will level off where they are now and barring some major change in the city, should stay around this price range.
0
Posted on 12/30/14 at 7:00 am to RollTheRock
Amen. I bought my forever home uptown 6 months ago. While I hated paying so much, the interest rates were low, so in the long run it won't be too much of a difference (since I borrowed 82%). Uptown will always be the most desirable area in the city, so the people living there will always be the same. Hence, even after a crash, since I'm not planning on selling ever, I'm not worried about bubbles.
Posted on 12/30/14 at 7:16 am to Saint5446
LAKEVIEW QUAD 1 PAVING COMMUNITY MEETING
The City of New Orleans, Department of Public Works, in conjunction with the Sewerage and Water Board of New Orleans, will soon begin repairing Hurricane Katrina-damaged roads and infrastructure in your neighborhood.
Construction is scheduled to begin in late-January 2015 and will last through the fall of 2015. In general, construction crews will work from 7:00 a.m. to 5:30 p.m. Monday through Friday. The scope of work includes removal and replacement of portions of the roadway, installing sidewalks and Americans with Disabilities Act-compliant curb ramps within the following boundaries:
Harrison Ave.
Orleans Ave.
Kenilworth St.
Pontchartrain Blvd.
Plan to attend a pre-construction community meeting to discuss Lakeview Quadrant 1—Paving Only construction project.
Where: Lakeview Christian Center, 5885 Fleur De Lis Drive, New Orleans, LA 70124
When: Tuesday, Jan. 13, 2015 at 6 p.m.
Learn more at RecoveryRoads.nola.gov, write RecoveryRoads@nola.gov or call 504.658.8046
Residents should exercise caution when driving, bicycling or walking near active construction sites.
Posted on 12/30/14 at 9:17 am to jsquardjj
quote:
Construction is scheduled to begin in late-January 2015 and will last through the second coming of Christ.
Posted on 12/30/14 at 10:21 am to Cold Cous Cous
It'll never be done on time.
Posted on 12/30/14 at 6:16 pm to Saint5446
quote:
Currently looking at homes in New Orleans
You should look elsewhere.Posted on 12/30/14 at 7:36 pm to WPBTiger
Recommend something.
Posted on 12/31/14 at 3:36 am to Saint5446
We were transferred out of the New Orleans area in the early sixties, which was about the start of the migration out of the area. To this day this population decline has continued. No large corporations are moving into the area unless I'm missing some big time news here. The economy seems to be built on tourism. There is no widespread housing development or any economic growth of any kind, especially if you consider that most construction was funded by the fears to protect he city from the next Katrina . Every reason to stay in the area revolves around food,Mardi Gras and the mindset that life does not exist east of the Pearl River, west of Lake Charles and north of Shreveport. The latest gold mine savior is the medical center but what after that.
Why would anyone want to spend that kind of money to live in an area where the housing market could implode tomorrow? The last person I personally know that was transferred to the area went there in the 70's and promptly left after retiring.
Why would anyone want to spend that kind of money to live in an area where the housing market could implode tomorrow? The last person I personally know that was transferred to the area went there in the 70's and promptly left after retiring.
Posted on 12/31/14 at 6:17 am to mallardhank
quote:You are totally out of touch here.
mallardhank
Posted on 12/31/14 at 6:36 am to saderade
Agree completely saderade. It's not the 70s anymore. All kinds of new economic lifeblood in the area. I'm looking at the other thread on te OT about this too. People love to bash New Orleans.
Posted on 12/31/14 at 7:32 am to mallardhank
So you haven't lived here in 50 years and you feel qualified to make this statement?
Having lived elsewhere and having moved back to New Orleans, I can safely say the following.
1) I would absolutely make more money and have more professional opportunity if I was in Houston, Dallas, or even Atlanta. Most professionals will probably say this.
2) I have a 25 minute commute to my office now. To have a 25 minute commute in those cities, my housing costs would be significantly higher than they are now... even considering higher pay.
3) Every major city economny is built on something, and overweighted in that something.
4) Our families are here, and that is important to us. Maybe if our families all moved to Houston, we'd still be there.
5) This is a different place than it was before Katrina. There is a feeling here that something is actually happening.
Having lived elsewhere and having moved back to New Orleans, I can safely say the following.
1) I would absolutely make more money and have more professional opportunity if I was in Houston, Dallas, or even Atlanta. Most professionals will probably say this.
2) I have a 25 minute commute to my office now. To have a 25 minute commute in those cities, my housing costs would be significantly higher than they are now... even considering higher pay.
3) Every major city economny is built on something, and overweighted in that something.
4) Our families are here, and that is important to us. Maybe if our families all moved to Houston, we'd still be there.
5) This is a different place than it was before Katrina. There is a feeling here that something is actually happening.
Posted on 12/31/14 at 7:49 am to LSUFanHouston
Also, the larger region offers some great values, city proximity, and a far more relaxed/rural lifestyle, with the city close by.
Posted on 12/31/14 at 7:52 am to mallardhank
quote:
We were transferred out of the New Orleans area in the early sixties, which was about the start of the migration out of the area. To this day this population decline has continued. No large corporations are moving into the area unless I'm missing some big time news here. The economy seems to be built on tourism. There is no widespread housing development or any economic growth of any kind, especially if you consider that most construction was funded by the fears to protect he city from the next Katrina . Every reason to stay in the area revolves around food,Mardi Gras and the mindset that life does not exist east of the Pearl River, west of Lake Charles and north of Shreveport. The latest gold mine savior is the medical center but what after that.
Why would anyone want to spend that kind of money to live in an area where the housing market could implode tomorrow? The last person I personally know that was transferred to the area went there in the 70's and promptly left after retiring.
You need to come back here. The city is not the same as it was 40 years ago, even 5 years ago. New Orleans is changing for the better. Hipsters and gays have brought about a resurgence since the storm. Freret Street and the Bywater have been completely revitalized. The Irish Channel is being gentrified.
Tech companies are flocking to the area. The hospital district is completely revolutionizing mid-city. Petrochemicals are booming. The projects are being torn down. It's a truly exciting time in New Orleans. I have never seen such optimism about the city since I've been alive. The people who live in New Orleans now all live there because they have the want to, and that has made all the differences. The people of New Orleans are taking ownership in their city, finally. Too bad the government is still corrupt, but not quite inept enough to stop the progress, just slow it down.
Posted on 12/31/14 at 8:36 am to mallardhank
quote:
unless I'm missing some big time news here
beyond the bio district which you dismiss off hand, you also have a ton of tech start ups, its a hub of entrepreneurship nationally, and even GE just opened a downtown office last year.
Posted on 1/3/15 at 3:03 am to Saint5446
You don't listen to well, do you Saint5446. Everything south of the lake is just for poors and the scum of the earth. Culture is overated. Normandy Oaks in Covington is where it's at. Only the finest tilled land and cleanest air for royalty.
This post was edited on 1/3/15 at 3:34 am
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