re: Living in NOLA

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If you can hold out a little while the housing market pricing is going to sink quite a bit. A lot of what drove up single family house in Nola were people buying properties to use as Air B and B's. Those people are getting their asses kicked if they were depending on that income to pay the note. That's not changing for several months.

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^ All the posts about the market taking a hit are valid and good advice. Might be worth renting first for maybe 6 months so you can allow prices to drop because it is going to take a little while for the market to catch up. A lot of properties are listed already but prices haven't really moved just yet. You'll have some opportunities to scoop up distressed properties soon due to job losses/former Airbnbs hitting the market.

I moved to the Riverside area (Magazine/Napoleon area) next to the IC and LGD in my mid-20s and have been here for almost ten years now. All great neighborhoods along Magazine and a lot of fun, especially during Mardi Gras. My commute into the CBD is like 10 mins so you're still really close to everything the CBD has to offer without having to pay for parking, high condo fees, etc. If something falls into your price range, picking up a double would be wise IMO. I found something needing work and slowly renovated while collecting rent, which has been a huge help in paying down the note. Welcome to the city!