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re: Irish Channel House Flip, is Nola this hot?

Posted on 6/3/14 at 7:59 am to
Posted by nolaks
Member since Dec 2013
1160 posts
Posted on 6/3/14 at 7:59 am to
i often wonder how new Orleans has 100's of houses over $1M. is it family $$$$, or do these young people generate that kinda jack.
Posted by MSTiger33
Member since Oct 2007
20653 posts
Posted on 6/3/14 at 8:14 am to
quote:

i often wonder how new Orleans has 100's of houses over $1M. is it family $$$$, or do these young people generate that kinda jack.


combo of both. there is a lot of new money coming into New Orleans with the tech "boom" and the movie industry. there are also a lot of people that see new orleans as a great place to have a second home. i know a few people that live in nyc that bought places in new orleans. they dropped $500k+ cash on places without blinking.
Posted by The Mick
Member since Oct 2010
43743 posts
Posted on 6/3/14 at 9:15 am to
quote:

i often wonder how new Orleans has 100's of houses over $1M. is it family $$$$, or do these young people generate that kinda jack.
Really? Almost every house on St Charles Ave is over 1 MILL. And just got drive around uptown and you'll see what kind of money is there. Old Money.
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