re: Gambit article: &quot;Is NOLA Worth It?&quot;

Posted by tgrbaitn08

Member since Dec 2007

148031 posts

Posted on 8/22/17 at 12:59 pm to Clint Torres

quote:
Not cheap either

Cheaper than paying a mortgage, taxes and insurance Uptown

Posted by Dire Wolf

bawcomville

Member since Sep 2008

39795 posts

Posted on 8/22/17 at 12:59 pm to Breesus

The point is that most people that live in Houston proper don't have an Hour commute. Unless you are truly traveling to other arse ends of town.

If you are paying what you do in Lakeview 500k and working downtown, you aren't dealing with that.

This post was edited on 8/22/17 at 1:01 pm

Posted by Epic Cajun

Lafayette, LA

Member since Feb 2013

36227 posts

Posted on 8/22/17 at 1:21 pm to lion

quote:
A 750k house in New Orleans would cost 250k in most cities in the south

Even Uptown housing prices are usually between $250-350 sq/ft, depending where you are looking (Magazine vs Freret, etc...).

A 750k house in New Orleans is probably a 375k house in Lafayette (or a similar city).

Obviously, if you're buying some home in rural Louisiana, you may be able to get it for $100 sq/ft, but I doubt it will be as nice as the 750k that you would get in New Orleans.

Posted by LSUFanHouston

NOLA

Member since Jul 2009

40154 posts

Posted on 8/22/17 at 1:27 pm to notiger1997

quote:
It is a tough market with insane real estate pricing. Think how hard it is for the working poor.

This is what I don't understand. We hear all the time about how the city doesn't have enough professional jobs, and about how we have so many working poor.

Who, then, is renting and buying and driving up the prices so high?

2 ...

Posted by Clint Torres

Member since Oct 2011

2832 posts

Posted on 8/22/17 at 1:32 pm to Epic Cajun

quote:
Even Uptown housing prices are usually between $250-350 sq/ft

Correct. I saw a story on curbed.nola.com a few weeks back where they showed the cheapest residential properties for sale in different neighborhoods and it was something like $680k for a shithole in the Lower Garden District that needed 200k in renovations.

Posted by Domingo Ayala

NOLA

Member since Oct 2013

338 posts

Posted on 8/22/17 at 1:41 pm to LSUFanHouston

the japanese

Posted by Lakeboy7

New Orleans

Member since Jul 2011

27976 posts

Posted on 8/22/17 at 1:47 pm to LSUFanHouston

quote:
Who, then, is renting and buying and driving up the prices so high?

People with money. The anti NO crowd doesnt like this but its true. The white collar environment is not nearly as bad as you think. Fortune 100 companies? hardly any but tons of medical, legal and small start up IT stuff.

Posted by THRILLHO

Metry, LA

Member since Apr 2006

50156 posts

Posted on 8/22/17 at 2:12 pm to Lakeboy7

quote:
The white collar environment is not nearly as bad as you think.

The numbers posted in the OP article say that it's pretty pisspoor.

quote:
tons of medical

That are making 13% less than the national average.

quote:
small start up IT stuff.

And they're making 14-19% less.

Posted by lsupride87

Member since Dec 2007

107901 posts

Posted on 8/22/17 at 2:18 pm to ellishughtiger

quote:
I don't see it in my social circles. You must hang out with blue collar types.

As a CPA in internal audit, NOLA is pretty horrific. What does this state have, 1 fortune 500?

There are no real large business areas that start and develop or reside here compared to other cities

Posted by busbeepbeep

When will then be now?

Member since Jan 2004

19443 posts

Posted on 8/22/17 at 2:19 pm to tgrbaitn08

quote:
Shell still occupies 18 floors of One Shell Square and still has 1500 employees employed in New Orleans

P&T group shrinking fast and heading west

Posted by lsupride87

Member since Dec 2007

107901 posts

Posted on 8/22/17 at 2:23 pm to ellishughtiger

quote:
I've always said. All the Nola hate in this board is just jealously.

Look, I live here and do well and absolutely hate this city

Here is why

Dirty and not pretty to me at all(some like the charm, this is a personal opinion)

Crime ridden

Schools are horrendous

Even the suburbs have poor schools

The suburbs are run down older houses that are still not cheap

The job market for CPAs in the private sector is not great

I cant stand the local govt

Those are legit reasons I hate it

2 ...

Posted by JawjaTigah

On the Bandwagon

Member since Sep 2003

22860 posts

Posted on 8/22/17 at 2:33 pm to lsupride87

quote:
Those are legit reasons I hate it

Breaks my heart that the city of my birth has truly sunk to such depths. But it has. Took me moving away and years of living away in 4 separate states to see this, and finally admit it. I love my memories of NOLA, but that place is long dead.

Posted by LSUFanHouston

NOLA

Member since Jul 2009

40154 posts

Posted on 8/22/17 at 2:35 pm to lsupride87

quote:
As a CPA in internal audit, NOLA is pretty horrific. What does this state have, 1 fortune 500? There are no real large business areas that start and develop or reside here compared to other cities

Those Fortune 500 companies hire tons of entry-level grads each year. Because we don't have that... those grads go to other states.

I think you have a lot of people coming here from the north and west with daddy's money. So they can afford to get paid crap wages and work for a non-profit or a startup. But then eventually daddy cuts them off... and then what?

Posted by lsupride87

Member since Dec 2007

107901 posts

Posted on 8/22/17 at 2:35 pm to JawjaTigah

quote:
Breaks my heart that the city of my birth has truly sunk to such depths. But it has. Took me moving away and years of living away in 4 separate states to see this, and finally admit it. I love my memories of NOLA, but that place is long dead.

I think alot of people who are from NOLA and lived here there entire life that love it, would have an eye opening experience if they moved. They would see just why the city blows

I know I am being harsh but living in Nashville for two years, you realize that the city really is just pretty horrible