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Posted on 1/30/17 at 2:40 pm to cahoots
Lack of a white collar tax base = NOLA turning into a more violent Savannah. It's a sad state compared to the type of national power NOLA was until the 80s
Posted on 1/30/17 at 2:43 pm to cahoots
quote:
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.
Bingo
Posted on 1/30/17 at 2:46 pm to NIH
But dude, there isn't a huge white collar tax base to lose. People aren't starting careers in NOLA and then buying 600K houses on the reg. The market is held up by non-traditional sources.
You're making the mistake of thinking that the NOLA market operates the way the Lafayette market does.
You're making the mistake of thinking that the NOLA market operates the way the Lafayette market does.
Posted on 1/30/17 at 2:51 pm to cahoots
I'm telling you man they can't process it, you can explain all day and they don't see it.
Posted on 1/30/17 at 2:56 pm to cahoots
This thread has multiple NOLA posters talkig about young couples moving in. Hell, even one that just agreed with you 
This post was edited on 1/30/17 at 2:56 pm
Posted on 1/30/17 at 3:00 pm to NIH
You've been preaching gloom and doom for years, tell us when it pops, be specific since you have all the fundamentals "figured"
Posted on 1/30/17 at 3:01 pm to NIH
quote:
Lack of a white collar tax base = NOLA turning into a more violent Savannah. It's a sad state compared to the type of national power NOLA was until the 80s
Over the last few years, when NOLA economy/real estate threads pop up, you have consistently posted something similar to the above. And yet, the market keeps disagreeing with you.
Reminds me of one of my favorite sayings...
"He is often wrong, but seldom in doubt."
This post was edited on 1/30/17 at 3:04 pm
Posted on 1/30/17 at 3:04 pm to Lakeboy7
These threads have only popped for a year or two. Congrats, I guess. 
Posted on 1/30/17 at 3:06 pm to cahoots
quote:
NOLA market
quote:
Lafayette market does.
Posted on 1/30/17 at 3:07 pm to Solo
I don't think industry has a lot to do with the market in New Orleans but I think housing prices have reached thier peak because of its non-existence.
Anecdotally I've found several properties dropping prices and rent seems to be a little lower on avg as well. So I think the correction has begun.
Anecdotally I've found several properties dropping prices and rent seems to be a little lower on avg as well. So I think the correction has begun.
Posted on 1/30/17 at 3:08 pm to zacata88
Chances of happening in order.
Over the next 3-5 years:
C
D
B
A
Over the next 10-15 years.
B
A
C
D
Over the next 3-5 years:
C
D
B
A
Over the next 10-15 years.
B
A
C
D
This post was edited on 1/30/17 at 3:09 pm
Posted on 1/30/17 at 3:09 pm to SuperSaint
Mate, have you bought in NOLA yet?
Posted on 1/30/17 at 3:11 pm to NIH
No Sir I have not. I have not the disposable income and if I did, I'd be way too scared to tie myself into one place being I like the feeling of being able to pick up and haul arse on a whim.
why you ask?
why you ask?
Posted on 1/30/17 at 3:11 pm to SuperSaint
Just curious 
Posted on 1/30/17 at 3:12 pm to NIH
quote:
This thread has multiple NOLA posters talkig about young couples moving in. Hell, even one that just agreed with you
There are still doctors, lawyers, CPAs, and other professionals. What I'm saying is that New Orleans has the bare minimum of white collar jobs. It isn't a hub of any particular industry. It has one Fortune 500 company.
Again, the market doesn't rely on industry. If it did, it wouldn't be expensive to begin with!
Posted on 1/30/17 at 3:32 pm to NIH
Have you bought in nola or laf m8?
Posted on 1/30/17 at 3:36 pm to SuperSaint
Nope, when I finish my degree I'll likely be in Lafayette or Houston so ill probably be trying to buy in either city within a few years
Posted on 1/30/17 at 3:44 pm to NIH
ten-4
best of luck
best of luck
Posted on 1/30/17 at 3:49 pm to NIH
Your reasoning sounds more like hatred for Nola.
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