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Started By
Message
re: New Orleans housing prices in the future
Posted on 1/30/17 at 11:19 am to AbsolutTiger
Posted on 1/30/17 at 11:19 am to AbsolutTiger
quote:
I keep seeing new construction go up for sale in Gentilly and I'm realizing I'd get more for my money, but I'm still not sold on the area. The lack of the conveniences other parts of the city have keep me from seriously considering it.
We really need a bar
2
Posted on 1/30/17 at 11:56 am to Lakeboy7
Thanks! We have a couple of contractors we are getting bids from. I've seen there work so we feel good about them. We are converting a double into a single
Posted on 1/30/17 at 11:57 am to chalmetteowl
quote:
sorry our schools are better and we're safer... no one's robbing our local joints
Walgreens had a stick up last year.
Wasn't a white teen shot and killed last year while walking down the street? Maybe it was a staged wreck, don't remember.
Posted on 1/30/17 at 12:00 pm to NOLALGD
quote:
who brought a fully renovated double 2-3 years ago with a yard for for about $330,000 which was not a bad price for a double. However, today there is a new construction single-family house across the street from them with no yard that was originally listed for more than $400,000. Last I heard price they dropped the price more than $40,000 and it still hasn't sold after a 3 months.
So many variables, sqft, amenities....
And better part of CC is a farce. So many better areas to move in to for the same price.
Posted on 1/30/17 at 12:03 pm to AbsolutTiger
quote:
I keep seeing new construction go up for sale in Gentilly and I'm realizing I'd get more for my money, but I'm still not sold on the area.
A year ago we decided to cash in on our uptown home. Didn't want to buy in another inflated market and found Gentilly to be the best bang for the buck.
Area is bad arse, just have to stay north of Filmore and b/t London Ave Canal and Bayou St John. New construction is everywhere and houses are already going over $200/sq ft.
I can see it catching up to Lakeview value in next 10 years.
Posted on 1/30/17 at 12:04 pm to chillygentilly
quote:
Gentilly
I've been hearing this will be the next middle class, affordable spot in Nola for years now. Ever since folks started paying $500k for a shotgun w/ camelback in Bywater.
How's the neighborhood now days? It was kind of a dump after the storm when I was finishing up at UNO.
Posted on 1/30/17 at 12:09 pm to chalmetteowl
quote:
chalmette
quote:
and those people pay a premium for the city proper bc it's all about image and the mailing address for them.
Posted on 1/30/17 at 12:09 pm to fightin tigers
There is definitely a Central City bubble area. Between O.C. Haley and Simon Boliver things are generally ok. But once you cross Simon Boliver its really still wild and doesn't seem to be changing anytime soon.
Posted on 1/30/17 at 12:16 pm to rocket31
quote:I don't known much, but I think this has to have an impact at some point. Maybe it won't be for 10 years, idk.
i just dont think there is enough industry in new orleans to support the high costs
How many Fortune 500 companies does NOLA have?
Posted on 1/30/17 at 12:42 pm to GreatLakesTiger24
quote:
How many Fortune 500 companies does NOLA have?
Just Entergy IIRC.
Posted on 1/30/17 at 12:47 pm to Saskwatch
quote:
The only thing it lacks right now is convenient access to the rest of the city and neighborhood restaurants/bars.
610 and I-10 can get you anywhere in no time. Getting deep uptown is the only area that takes a while to get to.
And yes, Gentilly needs a bar badly
Posted on 1/30/17 at 12:48 pm to Toula
quote:
Area is bad arse, just have to stay north of Filmore and b/t London Ave Canal and Bayou St John
Same area I was referring to. Very nice housing with desirable square footage and lot size. Lots of late 20s - late 30s buying 1st houses. My friends really like their neighbors and seem to do a lot of block parties with them (Maybe swingers?)
Posted on 1/30/17 at 12:55 pm to wizziko
quote:
And yes, Gentilly needs a bar badly
Seen this mentioned a few times here. Whose ready to start a business?
Posted on 1/30/17 at 1:02 pm to Woobie
quote:
C until the O&G industry returns then D.
has pretty minimal effect on New Orleans housing actually
Posted on 1/30/17 at 1:11 pm to Sneaky__Sally
quote:
quote:
C until the O&G industry returns then D.
has pretty minimal effect on New Orleans housing actually
The biggest impact on Orleans Parish has been the loss of the film industry which was an enormous growth industry here and helped fuel the pricing demand. O&G actually makes up a very small percentage of white collar jobs in Orleans.
The area though that is rapidly growing is Central City and the long term money investors are buying up all the crap properties they can get their hands on right now from Claiborne to Bolivar and land banking these properties for future development. If you don't believe me take a drive down MLK from OC Haley to Claiborne and tell me how many crap properties are in commerce right now? Make sure you take a close look at all the new Lots and blighted properties that are about to torn down. This area is too valuable to remain economically depressed due to the proximity of downtown.
Posted on 1/30/17 at 1:43 pm to fightin tigers
quote:yall really want to go there?
Walgreens had a stick up last year.
Wasn't a white teen shot and killed last year while walking down the street? Maybe it was a staged wreck, don't remember.
That "teen" was a known drug dealer who was killed after a staged wreck...
Posted on 1/30/17 at 2:11 pm to GreatLakesTiger24
Lafayette has as many publicly traded companies as New Orleans. The bubble will absolutely burst at some point, the jobs situation is pitiful for a city of NOLA's size.
Posted on 1/30/17 at 2:13 pm to chalmetteowl
quote:
That "teen" was a known drug dealer who was killed after a staged wreck...
Well hell, that makes it totally different.
Posted on 1/30/17 at 2:31 pm to NIH
quote:
Lafayette has as many publicly traded companies as New Orleans. The bubble will absolutely burst at some point, the jobs situation is pitiful for a city of NOLA's size.
New Orleans doesn't currently have a ton of opportunity and yet prices are still high because they're driven by second home buyers, trust funds, retirees, remote workers, hospitality endeavors, old money and lots of other non-traditional sources. How can the market collapse for lack of jobs when the jobs aren't even propping it up to begin with?
NOLA is a boutique city. The only way the market goes down substantially is if/when enough people decide they just don't like the lifestyle anymore. Don't see that happening.
Posted on 1/30/17 at 2:39 pm to zacata88
We have seen some signs of the market softening. Anecdotal evidence, for sure, but things like nicely renovated shotgun doubles sitting even after a price drop.
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