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re: New Orleans leads the US cities in homeowners at risk of foreclosure

Posted on 1/14/21 at 1:16 pm to
Posted by Jimmy2shoes
The South
Member since Mar 2014
11004 posts
Posted on 1/14/21 at 1:16 pm to
C'mon Latoya...you can do better than that
Posted by hottub
Member since Dec 2012
3316 posts
Posted on 1/14/21 at 1:24 pm to
quote:

Black and Hispanic respondents, who were at delinquency rates of 40% and 20%, respectively



Taxpayers about to get hammered again. The banks will go to the government trough again for more bail out due to government mandated lending policies
This post was edited on 1/14/21 at 1:25 pm
Posted by wadewilson
Member since Sep 2009
36485 posts
Posted on 1/14/21 at 1:29 pm to
quote:

The survey also tracked mortgage delinquency responses by race and ethnicity. It found delinquency rates had doubled across the board from May to December, but from a much higher base for Black and Hispanic respondents, who were at delinquency rates of 40% and 20%, respectively, by the end of the year.

For those identifying as White, the rate was 7% by year-end.


Racism in Amerikkka in 2021.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65422 posts
Posted on 1/14/21 at 1:49 pm to
Admins: NSFW Warning on this thread?
quote:




Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 1/14/21 at 1:57 pm to
quote:

The price of real estate in NOLA continues to soar in the good areas.


yep and local neighborhood restaurants are thriving in the non tourist areas
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10036 posts
Posted on 1/14/21 at 1:58 pm to
I’ll buy an investment property in that dump if it falls hard enough.
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 1/14/21 at 1:58 pm to
quote:

I wonder what percent are Airbnb's that are flaming out for the owners. Not the worst thing if those get eaten up.



Airbnb's starting flaming out before COVID because of the new restrictions, COVID was just the nail in the coffin
Posted by tgrbaitn08
Member since Dec 2007
146214 posts
Posted on 1/14/21 at 1:59 pm to
quote:

I wonder what percent are Airbnb's that are flaming out for the owners. Not the worst thing if those get eaten up.



Airbnb's starting flaming out before COVID because of the new restrictions, COVID was just the nail in the coffin
Posted by lsusteve1
Member since Dec 2004
41813 posts
Posted on 1/14/21 at 2:02 pm to
Elections have consequences
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41142 posts
Posted on 1/14/21 at 2:10 pm to
quote:

Any of this due to the programs put in place that allowed home owners to defer mortgage payments?


curious about that and what % that are delinquent live in the home that is delinquent?
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