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Started By
Message
re: Gambit article: "Is NOLA Worth It?"
Posted on 8/22/17 at 10:06 pm to ellishughtiger
Posted on 8/22/17 at 10:06 pm to ellishughtiger
quote:
Insane how many $500k+ condo's are being built downtown currently. I don't know who exactly are purchasing these but more power to the developers.
I would guess a lot of money from the Mid/Far East.
1
Posted on 8/22/17 at 10:07 pm to bigrob385series
So a few you know = droves? Good math there. Must be that BR education.
This post was edited on 8/22/17 at 10:13 pm
Posted on 8/22/17 at 10:08 pm to tgrbaitn08
quote:
You have any facts to back that up? I'll wait.
I remember 6 months ago some analyst saying that it appeared that growth had stalled and maybe ticked down.
Didn't specify what sectors were falling off. Were they poorer residents being priced out or wealthy leaving.
Posted on 8/22/17 at 10:08 pm to Ric Flair
Hot young middle eastern or Indian chick bought my buddies house in the channel on Chippewa for like 300k
Posted on 8/22/17 at 10:09 pm to SuperSaint
She's probably a doctor
Posted on 8/22/17 at 10:10 pm to NIH
Honestly think I remember her being an engineer
Posted on 8/22/17 at 10:15 pm to AbitaFan08
quote:just discussing, no need to throw out insults like a 12 y.o...clearly you think it's worth it and i don't, so by all means...enjoy it and i hope your a strong swimmer.
Must be that BR education.
Posted on 8/22/17 at 10:18 pm to bigrob385series
quote:yep. Definitely that BR education.
hope your a strong swimmer.
Posted on 8/22/17 at 10:19 pm to Epic Cajun
I'm not seeing what you quoted. I'm just pointing out what PMI is defined as and what the purpose is. Did your lender also waive PMI?
Posted on 8/22/17 at 10:20 pm to bigrob385series
Are you in your 20's? It's common for people that age to buy in the burbs after renting in the city for a few years.
Posted on 8/22/17 at 10:41 pm to bigrob385series
quote:
I have no statistics, i happen to know a few...northshore is getting more crowded, so is the ms gulf coast.
go to bed kid 
Posted on 8/22/17 at 11:17 pm to Powerman
quote:
Public schools mainly terrible and private schools not very affordable
As a New Orleans private high school graduate, I think this is what will scare away most people starting families here. The old money will survive just fine, but anyone who didn't go to one without that egg just won't stomach that.
For the ISAS schools you're looking at $20k plus per kid for a private school.
This post was edited on 8/22/17 at 11:18 pm
Posted on 8/22/17 at 11:32 pm to RogerTheShrubber
quote:
I think a third of downtown Vancouver has been bought by Chinese.
(Somewhat hijack, but those guys are smart...Vancouver might be the most livable city in North America)
Chiming in on the OP...it was worth it recently, perhaps not worth it to start here now.
NOLA post-Katrina through about 2015 had many things going in the right direction. If you bought a house uptown or in mid-city or Lakeview early on before prices got super-inflated (and it happened quickly), you're probably pretty happy with the decision.
A lot of Orleans Parish is going in the wrong direction now. Lack of accountability in local government is incredible...very little efficiency and carelessly spending like it has the previous 50 years has city hall in a bad spot. Arrogance combined with ignorance is a bad combination.
There are still a ton of spots that are worth spending your time, despite these problems...places like Henry's, Boucherie, College Inn, La Petite Grocery, Finn McCool's, Bouligny Tavern, Stein's, Guy's poboys, and the MF'ING Kingpin (just to name a few) will keep me near this city for a while.
In short...if you've been here a while, you know it's been great. If not, it's not worth it if you're trying to move to NOLA now. Next few years will be crucial and it's an uphill battle right now.
This post was edited on 8/22/17 at 11:38 pm
Posted on 8/22/17 at 11:40 pm to AbitaFan08
quote:
And houses are getting bought up left and right.
Nola.com Home values are down in 2017 for Orleans Parish
Posted earlier. Up in Jefferson. Something to watch out for.
Posted on 8/22/17 at 11:48 pm to whoisnickdoobs
quote:
Waiter
Cook
Stripper
Bartender
Uber Driver
Advertising rep for injury lawyers
Bullet wound nurse
Statue removal tech/firefighter
Posted on 8/23/17 at 12:59 am to AbitaFan08
quote:
So a few you know = droves? Good math there. Must be that BR education.
I like how you called this guy out for anecdotal evidence when you did it on the previous page
Posted on 8/23/17 at 7:29 am to SuperSaint
Lafayette
Posted on 8/23/17 at 6:31 pm to AbitaFan08
quote:
Oh and what city did you go to that's so damn special? I guarantee New Orleans has it beat on all the important factors when choosing a home: food, culture, history, proximity to fishing and hunting, etc.
He mad
Posted on 8/23/17 at 6:33 pm to Kvothe
Stalker bump
Posted on 8/23/17 at 7:03 pm to Teddy Ruxpin
There's a housing bubble for sure
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