Interested in this thread as well. Turning 30 in march and starting to get the itch but terrified to buy in Nola right now because of prices being so high. Afraid to buy high then have the bubble burst, but have also heard new hospital will continue to drive prices up. Looking in lakeview.

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Posted by PaBon

UPT 17th W/D

Member since Sep 2014

1891 posts

Posted on 11/17/14 at 6:01 pm to Saint5446

bubble is still expanding. you will get royally robbed if you buy now. If you have a tolerance for hood-tastic goings on, and are handy with power tools and such, you could possible still score a nice little investment double in certain areas, but you have to be very careful. Each block differs drastically and is a game changer unto itself when selling a home.

G'luck. I'd wait it out though..

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Posted by Oenophile Brah

The Edge of Sanity

Member since Jan 2013

7544 posts

Posted on 11/17/14 at 11:02 pm to Saint5446

quote:
Afraid to buy high then have the bubble burst, but have also heard new hospital will continue to drive prices up. Looking in lakeview.

As I'm sure you know, Lakeview is really high right now.

I bought a double near Tulane campus just over a year ago and I love it. You want to do your homework on insurance (homeowners/flood). Flood varies a great deal, if you're in the wrong area you could get crushed. Those items can really affect the "investment" aspect of homeownership.

I think there are still some deals in mid-city, but you have to be more careful about crime. Of course, I thought I was in a good area, but there have been a number of violent crimes in my area in the past few months. You never really know in NOLA.

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