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Message

re: Housing prices in Nola are out of control!

Posted on 5/31/15 at 6:00 pm to
Posted by White Roach
Member since Apr 2009
9666 posts
Posted on 5/31/15 at 6:00 pm to
This is not good for the metro economy as a whole.
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I'm pretty drunk right now, but how are rising real estate values bad for a local economy?
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/31/15 at 6:01 pm to
So JP isn't doing well, therefore raising property values in New Orleans is a bad thing? I'm not trying to be combatative, I just think your concern is short sighted. Make New Orleans a better city, it will make the area around it better as well.
Posted by Fontainebleau Dr.
Mid-View New Orleans
Member since Dec 2012
2401 posts
Posted on 5/31/15 at 6:02 pm to
quote:

So you're worried about the suburbs of New Orleans?


A lot of old Metairie folks are part of the issue. Almost every one of my high school friends who grew up in Metairie now resides in Orleans Parish. People who are 40ish with some cash in their account want to live in urban areas. And this isn't just in New Orleans. It's a national trend.
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 5/31/15 at 6:03 pm to
I disagree. In fact my observation is opposite. But, anecdotal evidence and all...
Posted by White Roach
Member since Apr 2009
9666 posts
Posted on 5/31/15 at 6:05 pm to
How far is it from Northline to St Charles Ave? If you live in Old Metairie, you're about 7 or 8 minutes from the CBD.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/31/15 at 6:05 pm to
So, if I understand right, those in Metairie and other surrounding areas would rather New Orleans remain a shitty place? And they don't think that improving the major metropolitan area they live near and likely work in would be better for their property values?
Posted by White Roach
Member since Apr 2009
9666 posts
Posted on 5/31/15 at 6:09 pm to
Old Metairie IS an urban area. What are your friends seeking? Higher taxes? Slower emergency response times? Higher crime? More potholes?
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/31/15 at 6:12 pm to
Yeah I'm not really understanding...if someone can explain how higher property value is a bad thing, I'd love to hear it
Posted by OleWar
Troy H. Middleton Library
Member since Mar 2008
5828 posts
Posted on 5/31/15 at 6:13 pm to
JP Parish may have been busing internally since the 1970s but it didn't matter until the demographics of the Parish changed which has occurred mostly after Katrina.

The Catholic grammar school parishes (little parishes) used to be able to largely do what they wanted, but are now under some pressure to diversify because of the lack of kids and politics.

Some of the Catholic High Schools have largely been an anomaly based on tradition, and they have enrollment issues but the Jefferson suburban Catholic High Schools notably Rummel and Shaw are really under pressure. But these schools have been under pressure for Twenty Years, history reminds us of Mercy, Holy Angels and an all male De La Salle.

Maybe if Jesuit or other schools are smart they relocate to St. Tammany.
Posted by notiger1997
Metairie
Member since May 2009
61832 posts
Posted on 5/31/15 at 6:16 pm to
What the hell are you smoking? LOL
Posted by Winkface
Member since Jul 2010
34377 posts
Posted on 5/31/15 at 6:17 pm to
quote:

Maybe if Jesuit or other schools are smart they relocate to St. Tammany.
May be top 10 dumbest things I've read here.
Posted by AbitaFan08
Boston, MA
Member since Apr 2008
27902 posts
Posted on 5/31/15 at 6:18 pm to
But why is New Orleans having higher real estate values a bad thing? Because people in surrounding areas will take a hit?

New Orleans improving itself is better for every suburban area around it. Perhaps not in the short term, but absolutely in the long term.
Posted by Winkface
Member since Jul 2010
34377 posts
Posted on 5/31/15 at 6:18 pm to
What they are trying to say is that with New Orleans pricing out the poorer folk, they will move to metairie and other outer areas. No one wants to live near poor people.
Posted by bayoubengals88
LA
Member since Sep 2007
25988 posts
Posted on 5/31/15 at 6:19 pm to
From someone who knows nothing about New Orleans, this has been a fun read.
Posted by notiger1997
Metairie
Member since May 2009
61832 posts
Posted on 5/31/15 at 6:21 pm to
The trash aren't movin to the eastern side of Metairie. Prices there from old Metairie to the lake are stupid crazy too
Posted by OleWar
Troy H. Middleton Library
Member since Mar 2008
5828 posts
Posted on 5/31/15 at 6:21 pm to
quote:

but how are rising real estate values bad for a local economy?


They are not necessarily bad, but they represent a supply shortage more then a huge aggregate demand. Yes things are better than in the 70s when people wanted to escape with their families and prices were low. Now single people and retirees are buying what is available in a slow process of gentrification.
Posted by Winkface
Member since Jul 2010
34377 posts
Posted on 5/31/15 at 6:24 pm to
True. It's pushed pretty much all the way to causeway.
Posted by yellowfin
Coastal Bar
Member since May 2006
99047 posts
Posted on 5/31/15 at 6:25 pm to
Every time Abita guy mentions his rent or how expensive his city is I've been taking a shot....pretty fricked up now
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 5/31/15 at 6:26 pm to
Ole War...dam bud...wtf are you on?

Posted by LNCHBOX
70448
Member since Jun 2009
89448 posts
Posted on 5/31/15 at 6:26 pm to
quote:

Maybe if Jesuit or other schools are smart they relocate to St. Tammany.

Can I buy drugs from you?
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