re: St. Roch neighborhood in Nola

You're delusional if you call that a safe area.

That's the problem I'm trying to put forth.

didn't 3 people get killed there in the last year. frick that place and frick New Orleans. I live there for 28 years.

In 1986, an African American tried to climb in my window in broad daylight.

I shot him twice, unfortunalety he lived.

then he called me before court and was arrested.

He got 25 years in Angola, got out in 10. WTF?

One thing I've always wondered regarding all these hipsters living in these shitty neighborhoods is how they are avoiding being preyed upon by the criminals who also reside there. Does it happen regularly and it's just not reported/highlighted in the news or are they just that freaking lucky?

quote:

---

St. Roch neighborhood in Nola - Why the hell are the houses there so expensive?

---

It's the gentrification frontier... Lots of demand, not so much supply.

(no message)

No, they don't like the raised rents that come with gentrification. They'd rather live in a bad neighborhood than on the streets because they can't afford their increased rents.

Section 8 my friend. They can afford it. If they can't, get off the dole and get a job.

quote:

---

There's cheaper rents farther out than where they are living. They aren't being forced out into the street, they are just going to have to move.

---

true but if they don't have a car or are having a hard time saving up enough money for a deposit and first month's rent, it can lead ot homelessness or joblessness. Poor people live in a different reality than us.

quote:

---

In some odd way Nola real estate doesn't take a downturn. Look at the economic data, where are the jobs to sustain the prices? Who are buying these homes??

---

What economic data are you looking at?

The housing market is strong because 1. Prices started really low post Katrina 2. NO is now a "it" city that is drawing people nationally (people with money) 3. Prices are still lower than other cities like Ny, LA, SF etc

What most people dont get is what is driving the economic renewal. Tourism is the base but small business is what is blowing NO up right now, NO is the new IT startup hot spot and those people tend to be youngish and have money.

Another factor people dont get is the times have changed. People WANT to live in the city. I've sold two flip houses to young, married school teachers who have zero desire to move to the suburbs even if they have children.

It takes a little vision, but its not really hard to see what the 7th Ward and Central City will look like in 2 or 3 years.

Finally, tourism, which has always been the engine has absolutely exploded. It doesnt matter what day or month the Quarter is always packed as are every hotel and restaurant. So ok not many Fortune 500 companies (which would be nice) but tourism prints money.