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Started By
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St. Roch neighborhood in Nola
Posted on 5/7/16 at 8:57 pm
Posted on 5/7/16 at 8:57 pm
Why the hell are the houses there so expensive? It's got to be one of the most overpriced neighborhoods in the country.
14
Posted on 5/7/16 at 8:59 pm to Tingle
It's the newest hipster spot, they have been priced out of the other side of St Claude now
Posted on 5/7/16 at 9:00 pm to SuperSaint
The area looks so rundown though. It makes Central City look nice.
Posted on 5/7/16 at 9:02 pm to Tingle
Would not buy
This post was edited on 5/7/16 at 9:03 pm
Posted on 5/7/16 at 9:03 pm to Tingle
quote:
Why the hell are the houses there so expensive? It's got to be one of the most overpriced neighborhoods in the country.
I always laugh at this. Black "leaders" call gentrification racist, but it doesn't happen without a willing seller.
Posted on 5/7/16 at 9:03 pm to Tingle
The new orleans housing market is a bubble I will never quite understand.
Posted on 5/7/16 at 9:06 pm to Tingle
Yeah. It's a little crazy.
Posted on 5/7/16 at 9:07 pm to Mr.Perfect
If the value of the neighborhood skyrockets, property taxes can go up fast as well. This is where you see people getting "priced out" of their neighborhood and they go kicking and screaming.
I'm fairly liberal (at least for this place
) and consider gentrification to be 100% positive.
I'm fairly liberal (at least for this place
) and consider gentrification to be 100% positive. Posted on 5/7/16 at 9:15 pm to Tingle
Welcome to 80% of NOLA and east Metairie. Just stupid expensive.
I'm happy though
I'm happy though
Posted on 5/7/16 at 9:23 pm to Tingle
It seems like sellers get together and decide to sell their houses for 3x what they're actually worth, artificially creating demand
Posted on 5/7/16 at 9:23 pm to Tingle
All of NOLA is expensive. It's redick
Posted on 5/7/16 at 9:24 pm to tlsu15
Alvin Gentry sucks
Posted on 5/7/16 at 9:39 pm to notiger1997
Seriously, when does it stop? In some odd way Nola real estate doesn't take a downturn. Look at the economic data, where are the jobs to sustain the prices? Who are buying these homes??
Posted on 5/7/16 at 9:46 pm to Paul Allen
quote:
Who are buying these homes??
Posted on 5/7/16 at 9:47 pm to Paul Allen
Lots of trust fund hipsters are buying....people to whom NOLA prices seem cheap
Posted on 5/7/16 at 9:54 pm to Paul Allen
quote:
Who are buying these homes??
Posted on 5/7/16 at 10:00 pm to vl100butch
quote:
Lots of trust fund hipsters are buying....people to whom NOLA prices seem cheap
Pretty much this and old money. The private sector alone is simply not healthy enough to sustain the prices on real estate in Orleans Parish.
Posted on 5/7/16 at 10:12 pm to CRAZY 4 LSU
Mostly out of towners buying up properties to rent or airbnb. Nola is a huge bubble ready to go. The amount of apartments going up in the cbd is unreal.
Posted on 5/7/16 at 10:16 pm to TunaTigers
C'mon man, no way hipsters and trust fund baby's are sustaining this, and if so, it ain't gonna keep at this pace. There's not that much money in NOLA.
Posted on 5/7/16 at 10:20 pm to Tingle
It's the Marigny part 2.
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