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Started By
Message
People increasingly moving out of Nola
Posted on 10/6/22 at 10:20 am
Posted on 10/6/22 at 10:20 am
Reported this morning on local radio, a nola real estate agent and sec/treasurer of the New Orleans metro assoc., of realtors said that people are moving out in larger numbers.
It’s a very unusual market. Houses are sitting a longer time than this time last year. I’m sure interest rates play a large part in that.
Others sell quickly.
Price declines are on the increase compared to last year.
They’re leaving New Orleans for safer areas like Jefferson and st Tammany parishes.
That’s echoed by Other agents I’ve talked to say that people are moving to safer areas in state and some are even going to different states- miss and alabama mentioned.
Crime is reported to be the common reason used. No surprise there.
So New Orleans is facing the real threat of a declining foundation from this outward migration. The death spiral is a term used for when the tax base erodes in the face of increasing needs for the city. Not sure New Orleans is there yet but the trend is heading that way.
It’s a very unusual market. Houses are sitting a longer time than this time last year. I’m sure interest rates play a large part in that.
Others sell quickly.
Price declines are on the increase compared to last year.
They’re leaving New Orleans for safer areas like Jefferson and st Tammany parishes.
That’s echoed by Other agents I’ve talked to say that people are moving to safer areas in state and some are even going to different states- miss and alabama mentioned.
Crime is reported to be the common reason used. No surprise there.
So New Orleans is facing the real threat of a declining foundation from this outward migration. The death spiral is a term used for when the tax base erodes in the face of increasing needs for the city. Not sure New Orleans is there yet but the trend is heading that way.
57
Posted on 10/6/22 at 10:22 am to SlidellCajun
quote:
Crime is reported to be the common reason used.
Posted on 10/6/22 at 10:23 am to SlidellCajun
As long as it is not Democrats moving to St. Tammany, I'm ok with it. If it is, you're not fricking welcome and move out of state.
Posted on 10/6/22 at 10:23 am to SlidellCajun
Posted on 10/6/22 at 10:23 am to SlidellCajun
Who can blame anyone from leaving that crime ridden shithole.. Its a disaster from Latoya on down and will continue to be until residents decide to vote differently.
Posted on 10/6/22 at 10:24 am to SlidellCajun
quote:
Jefferson and st Tammany parishes
This post was edited on 10/6/22 at 10:25 am
Posted on 10/6/22 at 10:24 am to SlidellCajun
quote:
The death spiral is a term used for when the tax base erodes in the face of increasing needs for the city. Not sure New Orleans is there yet but the trend is heading that way.
The next mayor will be of the same Ilk as Teedy, as the majority supports the hood rats vs law enforcement/prosecution/incarceration.
NOLA soon to become Selma with a NFL and NBA team, but that’s on borrowed time as well.
Posted on 10/6/22 at 10:24 am to SlidellCajun
quote:
People increasingly moving out of Nola
Its mostly black people moving to Jefferson Parish
Posted on 10/6/22 at 10:25 am to back9Tiger
St. Tammany needs to do more to regulate development. The parish government seems to bend over backwards to appease developers who routinely ignore planning and zoning restrictions.
This post was edited on 10/6/22 at 10:34 am
Posted on 10/6/22 at 10:26 am to back9Tiger
quote:
As long as it is not Democrats moving to St. Tammany, I'm ok with it. If it is, you're not fricking welcome and move out of state.
If it is, it’s the white guilt Garden District type who blame themselves but deep down know better and move anyway only to vote woke again.
Posted on 10/6/22 at 10:27 am to SlidellCajun
Cool. Looking to upsize soon.
Posted on 10/6/22 at 10:28 am to Tchefuncte Tiger
Nobody is moving anywhere. Everybody is coming here. Who do you think is living in all those new subdivisions? Big new apartment blocks sure fill up quick.
Posted on 10/6/22 at 10:29 am to SlidellCajun
quote:
People increasingly moving out of Nola
Hmmmm. Can't understand why.
Posted on 10/6/22 at 10:30 am to SlidellCajun
quote:
Price declines are on the increase compared to last year.
Finna snatch up a couple Garden District mansions on Prytania in a few months
Posted on 10/6/22 at 10:33 am to SlidellCajun
Posted on 10/6/22 at 10:36 am to SlidellCajun
New Orleans died a long time ago. There’s no sense carrying on with acting like we actually give a shite.
Posted on 10/6/22 at 10:39 am to GeauxxxTigers23
quote:
New Orleans died a long time ago.
It hasn’t been good since the Great Depression. Trust me
Posted on 10/6/22 at 10:40 am to Splackavellie
quote:
TEEDY is reported to be the common reason used.
Posted on 10/6/22 at 10:40 am to Stiles
I was looking for that gif 
Posted on 10/6/22 at 10:42 am to SlidellCajun
quote:
So New Orleans is facing the real threat of a declining foundation from this outward migration. The death spiral is a term used for when the tax base erodes in the face of increasing needs for the city. Not sure New Orleans is there yet but the trend is heading that way.
I think that ship has sailed and it’s not turning around now.
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