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re: Is gentrification in Nola dying?
Posted on 11/6/18 at 6:37 am to yaboidarrell
Posted on 11/6/18 at 6:37 am to yaboidarrell
It may have slowed down a little
Posted on 11/6/18 at 6:45 am to yaboidarrell
Is it dead. Looks alive and well to me.
Posted on 11/6/18 at 6:50 am to Powerman
quote:
It's been ruined by generations of dysfunction
You misspelled Landrieu.
Posted on 11/6/18 at 6:53 am to Draconian Sanctions
quote:
The bumpkins on here don’t like things they don’t understand so will cheer people who fall into that category being beaten or murdered. Many of these people also claim to be Christian
Holy non sequitur.
Posted on 11/6/18 at 6:57 am to Y.A. Tittle
sticking with gentrification instead of being Christian would have been a much more effective claim of hypocrisy
Posted on 11/6/18 at 7:00 am to yaboidarrell
People move in thinking they're going to revitalize the neighborhoods only to be beaten down by the miscreants that have lived in the area for a long time and don't like change.
There's been more than a few stories in the paper about black residents that don't like the fact whites have moved into some of these former predominantly black areas. They say with the whites come higher rents and they are being pushed out.
A friend of mine owns a couple rental properties near the St. Rock Market and has decided to finally sell them. He went in recently and remodeled one house after it was trashed by former tenants and is disgusted with the situation, so up for sale they go. He won't lose money since he bought them long ago, but between paying property taxes, insurances and upkeep, it just got to be more work than it was worth.
There's been more than a few stories in the paper about black residents that don't like the fact whites have moved into some of these former predominantly black areas. They say with the whites come higher rents and they are being pushed out.
A friend of mine owns a couple rental properties near the St. Rock Market and has decided to finally sell them. He went in recently and remodeled one house after it was trashed by former tenants and is disgusted with the situation, so up for sale they go. He won't lose money since he bought them long ago, but between paying property taxes, insurances and upkeep, it just got to be more work than it was worth.
Posted on 11/6/18 at 7:01 am to Powerman
quote:
It's been ruined by generations of dysfunction
You mean the obsolete agrarian workers that began flooding into the city in the mid 60's?
Posted on 11/6/18 at 7:03 am to TigersSEC2010
quote:
Gentrification is racist.
That’s funny because evidently so is “white flight “..
Posted on 11/6/18 at 7:06 am to yaboidarrell
Real estate prices in NOLA are insane. Gentrification is alive and well.
Posted on 11/6/18 at 7:11 am to yaboidarrell
What has stopped is the Government Rehab money that was pumped into these areas and many "Opportunists" saw a chance to rebuild at depressed prices. What you have now is the end of the spigot. The market dictates that now and NOLA does not have the Urban economy to support the outgrowth of the Urban center. It has happened throughout the Country. The only places that is working have embraced "tech" and other businesses that can be located in Urban areas, NOLA has nothing beyond the Hospitals to support that and most hospital growth is dependant on the government spigot as well.
Posted on 11/6/18 at 7:14 am to tiger94gop
quote:
The only places that is working have embraced "tech" and other businesses that can be located in Urban areas,
Austin, TX is a great example of this.
Posted on 11/6/18 at 7:21 am to Solo
quote:
Real estate prices in NOLA are insane.
Still? I thought they had already stabilized.
Posted on 11/6/18 at 7:22 am to Paul Allen
Gentrification is alive and well in Mid-City. There are luxury condos and apartments going up near old Lindy Boggs and the Greenway continues to improve.
Central City was always a tougher nut to crack.
Central City was always a tougher nut to crack.
Posted on 11/6/18 at 7:22 am to DelU249
I used to work all around the city, and I'd occasionally see hipsters/transplants walking around with their iPhones in front of them going on a tour of the city (I'm guessing). Once I saw a guy walking a few blocks from Dooky Chase with a brand new iPad at dusk, with no regard for what was going on around him. All I could do was laugh and hope they got robbed
Posted on 11/6/18 at 7:26 am to gumbo2176
I've renovated a few houses in the city. You cannot leave any tools or materials on site, or they will get stolen. You'll end up with either a broken window, a kicked in door, or both. We occasionally paid people in the neighborhood to watch the houses at night.
I've even seen people steal tools out of trucks in the middle of the day. I had one guy off of Downman Rd. try and steal shite from my trailer while I was standing right there. He looked at me, and tried to walk off with a blower and weed eater. You always have crackheads coming up annoying you, and checking out what stuff you have
I've even seen people steal tools out of trucks in the middle of the day. I had one guy off of Downman Rd. try and steal shite from my trailer while I was standing right there. He looked at me, and tried to walk off with a blower and weed eater. You always have crackheads coming up annoying you, and checking out what stuff you have
This post was edited on 11/6/18 at 7:31 am
Posted on 11/6/18 at 7:32 am to waiting4saturday
There's still a shite ton of hipsters in Nola but they've finally learned some hoods can't be changed. Bywater is still hipster haven.
This post was edited on 11/6/18 at 7:37 am
Posted on 11/6/18 at 7:36 am to yaboidarrell
Higher interest rates, water board issues, and the new mayor have slowed down the momentum considerably.
Posted on 11/6/18 at 7:38 am to Fat Harry
I currently live in Mid-City near Jesuit High and the real estate prices have gone through the roof in my neighborhood. Houses that would have sold for $100K pre-Katrina are now going for $400K-500K and being bought not long after going on the market.
A small single across the street from me, about 1300 sq. ft. raised house, with window A/C units and a floor furnace, crappy electrics, rotting structural issues in some areas and OUTSIDE utilities on a back porch sold 2 years ago for $175K. The new owners totally gutted it, replaced all the rotted structure, reconfigured the house, new plumbing, electrical, central a/c and heat, all new flooring, drywall and paint, painted exterior, new roof, etc. etc. Probably spent another $150K or more doing all that work.
My house, for example, was bought by me in 92 for $57K. It is a 2 story with about 3200 sq. ft. and I estimate I've put in a good $25K of my money and did the work myself in improvements. When I go to sell in a few more years when the wife finally retires, I'll probably cash in for over $500K if this trend continues.
No way in hell I'll lose any money for sure.
A small single across the street from me, about 1300 sq. ft. raised house, with window A/C units and a floor furnace, crappy electrics, rotting structural issues in some areas and OUTSIDE utilities on a back porch sold 2 years ago for $175K. The new owners totally gutted it, replaced all the rotted structure, reconfigured the house, new plumbing, electrical, central a/c and heat, all new flooring, drywall and paint, painted exterior, new roof, etc. etc. Probably spent another $150K or more doing all that work.
My house, for example, was bought by me in 92 for $57K. It is a 2 story with about 3200 sq. ft. and I estimate I've put in a good $25K of my money and did the work myself in improvements. When I go to sell in a few more years when the wife finally retires, I'll probably cash in for over $500K if this trend continues.
No way in hell I'll lose any money for sure.
Posted on 11/6/18 at 7:39 am to gumbo2176
greenway will keep it going
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