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re: The Odeon, tallest building constructed in NOLA in 3 decades, to open next month

Posted on 10/1/20 at 6:38 pm to
Posted by TexasTiger08
Member since Oct 2006
25580 posts
Posted on 10/1/20 at 6:38 pm to
Same shite, different day. This trend is sweeping through the South now. Been going on in Austin, Houston, and now SA. I’m sure it’s happening to an extent in Atlanta, Nashville, and elsewhere. I have no idea why people would spend:

quote:

389 sq ft Studio/1BA $1335-$1425/mo


I mean, if you have money and want to have a closet as your New Orleans getaway, more power to you. Austinites in downtown seem to enjoy it.

I can get a 2500 square foot house where I live and have a mortgage for about that price. I don’t know much about the NO area’s housing market, but this just seems like a way for a rich person to waste some money.
Posted by brewhan davey
Audubon Place
Member since Sep 2010
32831 posts
Posted on 10/1/20 at 6:44 pm to
quote:

I can get a 2500 square foot house where I live and have a mortgage for about that price. I don’t know much about the NO area’s housing market, but this just seems like a way for a rich person to waste some money.


If you are in the market for a starter home (3BR/2+BA), it makes more sense to buy. The amount you pay for your monthly note, insurance, taxes, and utilities ends up being just a little more than the average rental (of course, fewer bedrooms/baths). It got to a point where me and my wife broke down our yearly expenditures on rent, and told ourselves, we might as well put money into some equity if we can afford it.
This post was edited on 10/1/20 at 6:45 pm
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