a large part of our economy in this state being based on oil and gas is the reason we did'nt have the recession a large part of the nation did. and as a person that spent the last 10yrs in the real estate buisiness i can tell you that Katrina saved our realestate market. we as a state were loosing value very quickly and then katrina proped up values in south La. new orleans real estate is still super high and with the resurgance of areas in the city you cant find a house for less than 200k hardly.

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Posted by LSURussian

Member since Feb 2005

127259 posts

Posted on 2/24/14 at 3:09 pm to hawkeye007

quote:
we as a state were loosing value

So Katrine tightened real estate values?????

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Posted by doubleb

Baton Rouge

Member since Aug 2006

36533 posts

Posted on 2/24/14 at 3:15 pm to hawkeye007

quote:
a large part of our economy in this state being based on oil and gas is the reason we did'nt have the recession a large part of the nation did.

But we still had a recession and tax revenues dropped a considerable amount. The number of poor people increased too.

quote:
and as a person that spent the last 10yrs in the real estate buisiness i can tell you that Katrina saved our realestate market. we as a state were loosing value very quickly and then katrina proped up values in south La. new orleans real estate is still super high and with the resurgance of areas in the city you cant find a house for less than 200k hardly.

Fine, but how did that help the state balance the budget? The state isn't in the property tax business.

This may have helped individuals and municipalities, but it wouldn't directly help the state.

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