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re: Housing prices in Nola are out of control!
Posted on 5/31/15 at 6:49 pm to H.M. Murdock
Posted on 5/31/15 at 6:49 pm to H.M. Murdock
quote:
I agree with the status symbol comment. Many of those folks think lake view is the an affluent area.
Lakeview certainly is becoming affluent. For decades, it was full of white middle/working class. Katrina came....then a few years went by without another major hurricane....and suddenly hundreds of lots became available (at first at good prices, now at ridiculous prices), and now it's like a well-to-do suburb inside city limits.
I think "gentrification" is a loaded term, but Lakeview has seen a similar kind of metamorphosis as in other areas of the city, but it's rarely ever mentioned as a city concern because it's basically white people replacing white people, instead of white people replacing black people.
2
Posted on 5/31/15 at 6:51 pm to BIGDAB
I understand a little bit. Certainly don't claim to be an expert.
But to say there is nowhere that less influential people can live is insane. I'm not talking about a 5 year fix here, but it can be done.
I would love to give an example, but I'm afraid Fin might be sent to the hospital to have his stomach pumped, so I will refrain.
But to say there is nowhere that less influential people can live is insane. I'm not talking about a 5 year fix here, but it can be done.
I would love to give an example, but I'm afraid Fin might be sent to the hospital to have his stomach pumped, so I will refrain.
Posted on 5/31/15 at 6:53 pm to H.M. Murdock
quote:
Speaking of lake view, seems half the new construction their is cheap garbage.
That's not just in Lakeview, or even New Orleans. A lot of residential new construction looks like cheap garbage no matter where you are. Estiss Construction was a major player in the Lakeview construction business, and they basically shut down due to not caring about the actual work. But there's a lot of nice new construction as well.
Posted on 5/31/15 at 6:54 pm to LNCHBOX
quote:
Poors going to have to go to the river parishes
St Charles Parish has actually seen both its white population increase in aggregate and percentage wise and poverty rate decrease, and much more substantially then Orleans which has seen its white population increase percentage wise but not in the aggregate and its poverty rate remain the same. The other river parishes have shown similar trends but not as dramatic as St. Charles.
Posted on 5/31/15 at 6:55 pm to Fontainebleau Dr.
Go back and look up home prices in lakeview before Katrina. It was most def going nuts with the $600k plus homes
Posted on 5/31/15 at 6:56 pm to Fontainebleau Dr.
Lakeview is a pretty good example IMO. It wasn't really a bad area 20 years ago, but compared to then it has become a really desirable place to live. It takes time, but if you make the city itself a place that is so expensive and desirable to live in that it spills into the surrounding areas, good things happen.
I just wish New Orleans could get out of the "that's just the way things are here!" mentality. That thought is embraced as if it's some great thing that keeps New Orleans special. New Orleans can remain the special place it is while still improving itself immensely. That just hasn't happened yet.
I just wish New Orleans could get out of the "that's just the way things are here!" mentality. That thought is embraced as if it's some great thing that keeps New Orleans special. New Orleans can remain the special place it is while still improving itself immensely. That just hasn't happened yet.
Posted on 5/31/15 at 6:58 pm to notiger1997
quote:
Go back and look up home prices in lakeview before Katrina. It was most def going nuts with the $600k plus homes
Oh I know it was already changing. But so many of the older cottages and ranch homes are giving way to the newer homes, accelerated by Katrina. Three years ago you could buy a nice lot in Lakeview for about $100k. Now it's hard to find lots for double that price.
Posted on 5/31/15 at 6:58 pm to Tingle
quote:
Houses in St. Roch are starting to go for over $100/sq ft.
That's nowhere near out of control for a major city.
Posted on 5/31/15 at 6:59 pm to AbitaFan08
quote:
My rent is over $2,000 a month in an area that is "up and coming". In my old area, it was closer to $3k and I lived on the water. In the best areas of the city you're lucky if your rent is below $4k. And this is all for a 1 bedroom! Drunk enough to pass out and let us get back to talking about New Orleans yet?
Why is anyone talking about rent when the OP was talking about cost per square foot to BUY a home? Who gives a shite about rent?
Posted on 5/31/15 at 7:00 pm to AbitaFan08
The idea of living in Lakeview seems great but I don't think I could get over dealing with the horrible streets, high taxes and inept police department protecting me.
Posted on 5/31/15 at 7:01 pm to AbitaFan08
quote:
I just wish New Orleans could get out of the "that's just the way things are here!" mentality. That thought is embraced as if it's some great thing that keeps New Orleans special. New Orleans can remain the special place it is while still improving itself immensely. That just hasn't happened yet.
I don't live in New Orleans anymore (i'm currently in the Baton Rouge area), but my parents still live there. And we still know tons of people there. And we hang out in NO a bunch.
And I don't know anyone with the "that's just the way things are here" attitude. I'm not saying it doesn't exist. I just don't think New Orleans people are as apathetic as you make it sound. I know people who have a ton of civic pride and want things to get better.
Posted on 5/31/15 at 7:01 pm to Fontainebleau Dr.
My family bought a house that had been renovated after Katrina in lakeview years ago. Prior to the renovations, the house was appraised around $200k. They bought it for $340k for my sister to live in while in school. Sold it three years later for about $370k. That's almost doubling the property value in about 10 years with maybe $50k in renovations.
And I don't think that's a unique story to lakeview
And I don't think that's a unique story to lakeview
Posted on 5/31/15 at 7:02 pm to Fontainebleau Dr.
The lots are very small though. If I'm buying a vacant lot and I'm spending 200k I need more area to build a nicer house, garage, pool, etc. Might as well but along the lake in Metairie for a larger lot, drivable streets, quick LE response times, lower taxes...
Posted on 5/31/15 at 7:03 pm to H.M. Murdock
And that's where the status symbol comes in.
Posted on 5/31/15 at 7:03 pm to Fontainebleau Dr.
quote:
And I don't know anyone with the "that's just the way things are here" attitude. I'm not saying it doesn't exist. I just don't think New Orleans people are as apathetic as you make it sound. I know people who have a ton of civic pride and want things to get better.
I know for a fact that's not 100% the case. My family has a home in the FQ and owns a hotel there, and they are begging for changes to be made. But on the whole, that has been the city's mentality for a long time. I sincerely hope that is shifting.
Posted on 5/31/15 at 7:05 pm to Winkface
Why would you move to lakeview if you already live in Metairie??
Posted on 5/31/15 at 7:06 pm to Martini
quote:
Why is anyone talking about rent when the OP was talking about cost per square foot to BUY a home? Who gives a shite about rent?
I was intentionally being an a-hole because Fin felt the need to give me shite. That's all that was. No need to get your panties in a wad.
Posted on 5/31/15 at 7:07 pm to BIGDAB
The only reasons would be closer to town, walk to things like restaurants and such. It does have cooler architecture/homes.
Posted on 5/31/15 at 7:14 pm to AbitaFan08
Dude, you and your family really ARE rich! It must be awesome to be so loaded you're willing to pay $340,000 for a property that appraised at $200,000! And as temporary housing, at that!
I'd type more, but I'm going to take a dump and wipe my arse with $1,000 bills. Silver certificates, of course...
I'd type more, but I'm going to take a dump and wipe my arse with $1,000 bills. Silver certificates, of course...
Posted on 5/31/15 at 7:18 pm to White Roach
Christ....that's not even close to the point. We are not a rich family at all. The house was worth about or more what was paid when it was purchased. I simply meant that the property value increased. I'll be the first to admit I'm far from an OT baller. I rent a house, finance my car, and (GASP) earn under six figures a year. I genuinely wasn't trying to convey otherwise.
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