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re: New Orleans affordable housing crisis
Posted on 8/8/18 at 10:32 am to Areddishfish
Posted on 8/8/18 at 10:32 am to Areddishfish
There is no such thing as an affordable housing crisis. You buy what you can afford. If you can't afford it, keep moving further away until you can.
I want to live on the beach with a boat slip and a 3,000 sq. ft. house. Should the owners be forced to cut their price to accommodate me?
I want to live on the beach with a boat slip and a 3,000 sq. ft. house. Should the owners be forced to cut their price to accommodate me?
2
Posted on 8/8/18 at 10:33 am to LSUFanHouston
quote:
Fact is, pricing in NOLA areas that are even a little bit safe are exceeding affordability for most of the service industry.
Hotels and restaurants and bars in NOLA are already having issues with staff. Our public transit isn't very good. If all these workers end up being pushed out of the city, how are they going to get to work? Even if they have a car, parking is a hassle.
This is what the city should focus on. Make some parking garages, increase public transportation, etc. The city trying to worry about affordable housing is stupid, should be illegal, and a complete waste of time.
Focus on assisting people from getting to where they live to their jobs. Don't focus on where people "should" live.
Posted on 8/8/18 at 10:33 am to Areddishfish
Well there's an apartment out there open for business since I left. I'm doing my part to help drive prices down.
Posted on 8/8/18 at 10:34 am to Hangit
quote:
There is no such thing as an affordable housing crisis.
The term is a political tool
Posted on 8/8/18 at 10:36 am to LSUFanHouston
quote:
If all these workers end up being pushed out of the city, how are they going to get to work?
Like all of history, they will get a different job by where they live.
Posted on 8/8/18 at 10:37 am to fightin tigers
quote:
The way the housing market is starting to collapse in NOLA t
What?
I've seen predictions that it was going to happen for the past five years, but it has yet to happen.
I always thought after Katrina that the eventual real change in Nola proper crime rate would be due to the roaches being priced out. It has happened somewhat, but the section 8 slum lords still remain as well as some crappy family owned units.
The downside, as others have mentioned, is you do have a lot of hard working people that are being forced further and further from downtown and their transportation options suck. We have something like 35,000 hotel rooms and 1,000 restaurants and someone has to work the low end jobs at these places.
Posted on 8/8/18 at 10:42 am to Hangit
quote:
Like all of history, they will get a different job by where they live.
Yes, they will.
However, who will replace them at their current jobs?
I'm not worried about individuals. I'm worried about the macro economy of the city, which, for better or worse, depends on cheap labor.
Posted on 8/8/18 at 10:43 am to Hammertime
quote:
Apartment building developers take money from the government, let a certain number of low-income tenants live there for 5-10yrs, and then kick them out and jack up the prices
90% of apt complex’s in Nola that popped up after Katrina did this.
Posted on 8/8/18 at 10:48 am to Areddishfish
The East looked affordable when I passed through a few weeks ago.
Posted on 8/8/18 at 10:54 am to pjab
quote:
The East looked affordable when I passed through a few weeks ago.
That’s what the people of Livingston Parish did when they could not longer afford BR. Thet moved out east in these homes that look all the same with like minded neighbors.
Posted on 8/8/18 at 10:56 am to RogerTheShrubber
quote:
political tool
Our last President tried to push this through at the federal level and failed. The Progressive theory is that you put lower income folks into higher income areas and they will magically rise to that level and become prosperous. In reality, they move into subsidized housing, park their cars in the yard, put a couch on the porch and begin to steal from their neighbors who are at work all day. They bring their surroundings down to their level. The previous residents flee the area and you end up with a newer version of the ghetto. Meanwhile, the developers rebuild the old ghetto as they leave and it is where the fleeing residents buy.
Posted on 8/8/18 at 10:58 am to ellishughtiger
Lots of hard working people lived in the East for decades. All of a sudden it’s not good enough for people who want free stuff because it’s too far from their jobs.
Posted on 8/8/18 at 11:00 am to Areddishfish
Austin does this. I always wondered how my friends who are teachers and artists lived in such nice places. They qualify as low-income and get good deals apparently.
Posted on 8/8/18 at 11:14 am to ellishughtiger
quote:
90% of apt complex’s in Nola that popped up after Katrina did this.
Correct. And now that the 5-10 year period is up, those complexes are increasing rents and the mixed income people have to go somewhere... which is a serious part of this issue.
Posted on 8/8/18 at 11:18 am to Swagga
quote:
Is this happening? I haven’t seen it.
It's not in free fall, but saturation and prices are at a standstill/falling.
A lot of condos downtown are priced below what they were purchased at 3 years ago. Housing is still higher, but the market isn't moving houses.
Posted on 8/8/18 at 11:20 am to fightin tigers
quote:
The way the housing market is starting to collapse in NOLA there is about to be a lot of affordable housing coming available.
Please elaborate.
Posted on 8/8/18 at 11:22 am to fightin tigers
quote:
A lot of condos downtown are priced below what they were purchased at 3 years ago.
The bubble popped downtown a few years back. That $750k 1br apt is now going for $650k.
Posted on 8/8/18 at 11:24 am to tigerbater
quote:
Please elaborate.
Read above your post
Posted on 8/8/18 at 11:27 am to Dizz
quote:
“Bywater north” hahahahahahahahaha
I regret that I only have but one upvote to give
Posted on 8/8/18 at 11:27 am to fightin tigers
quote:
The way the housing market is starting to collapse in NOLA there is about to be a lot of affordable housing coming available.
It is about to be a national trend, not as bad as '08, but it isn't going to be great for folks buying houses these last 18 months.
As for affordable housing, it should be hand-in-hand with gentrification. You can't just get rid of homes on the bottom of the filtering process without something. The new affordable housing is typically incorrectly viewed as well. "Affordable" typically means folks who make 70-90% of the area median income. Those are working folks, not the welfare folks. I don't see it as bad as some do in these cases.
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