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re: St. Roch neighborhood in Nola

Posted on 5/8/16 at 9:37 am to
Posted by chillygentilly
70122
Member since Aug 2012
2640 posts
Posted on 5/8/16 at 9:37 am to
Algiers, Gentilly.

Occasionally, something reasonably priced pops up in Navarre, Mid-City, or Broadmoor
This post was edited on 5/8/16 at 9:38 am
Posted by NIH
Member since Aug 2008
122802 posts
Posted on 5/8/16 at 9:37 am to
Tourism doesn't employ white collar workers which is who it will take to sustain the housing market in New Orleans.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 5/8/16 at 9:40 am to
quote:


Tourism doesn't employ white collar workers which is who it will take to sustain the housing market in New Orleans

try again.
Posted by NIH
Member since Aug 2008
122802 posts
Posted on 5/8/16 at 9:42 am to
Good rebuttal. Loaded with facts and information.
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28324 posts
Posted on 5/8/16 at 9:43 am to
quote:

Tourism doesn't employ white collar workers which is who it will take to sustain the housing market in New Orleans.




Agreed, read my post, tourism is not the totality of the economy. Its a huge part but there are other factors.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78328 posts
Posted on 5/8/16 at 9:44 am to
It's sufficient enough
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28324 posts
Posted on 5/8/16 at 9:49 am to
quote:

Algiers


Algiers Point is blowing up now, just bought one over there and the comps on that block support $175-$195 sq ft
Posted by Teddy Ruxpin
Member since Oct 2006
40857 posts
Posted on 5/8/16 at 9:50 am to
quote:

So where is this decent safe neighborhood regular people can afford in New Orleans? Are you ignoring this question on purpose?



What number you looking for?

You can still buy uptown under 400k if you look hard enough.
Posted by Tingle
1173 Tallow Tree Lane
Member since Sep 2013
4558 posts
Posted on 5/8/16 at 10:05 am to
The Point is nice but you have to drive through a war zone to get there.
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
74021 posts
Posted on 5/8/16 at 10:37 am to
quote:

consider gentrification to be 100% positive.


I mean yea, it's good for the immediate area, but all you're doing is making one area nicer and another area shittier.

It's not like those people just disappear into thin air.
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28324 posts
Posted on 5/8/16 at 10:48 am to
quote:

It's not like those people just disappear into thin air.



It sucks for Chalmette and parts of the West Bank, good for us in the city proper.
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
74021 posts
Posted on 5/8/16 at 11:00 am to
right.

Same with DC. A lot of areas of DC are gentrifying like crazy...so it's awesome for those of us who enjoy the city...sucks for SE DC/Maryland which is where all those people end up...and it's making those areas MUCH worse
This post was edited on 5/8/16 at 11:01 am
Posted by Sid in Lakeshore
Member since Oct 2008
41956 posts
Posted on 5/8/16 at 11:12 am to
For $400K you can get into Lakeview.

City auctioned a bunch of lots for under $100k. You can build for 3,4 or 500k depending on budget.

People have no vision or sense.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 5/8/16 at 11:32 am to
quote:

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

I shot him twice, unfortunalety he lived


Hope you've been going to the run range more to work on your shot.

I think land everywhere is going to continually be a great investment bc the population is always gonna grow, when i was growing up, maybe its bc i went to a private school but most friends had 1-3 siblings tops. Today my employees, who for the life of me I will never understand but on $400/week incomes have 6-8 kids lol. Where are all these people gonna live one day? Id assume land out in suburbia is gonna be worth something one day, you could build cheap housing for all of them.
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43031 posts
Posted on 5/8/16 at 11:57 am to
The east has plenty of space and empty houses
Posted by LSUTANGERINE
Baton Rouge and Northshore LA
Member since Sep 2006
38468 posts
Posted on 5/8/16 at 11:59 am to
Lol at the comments that assume these are majority hipsters sustaining the housing market.

The simple answer to the question of why so high, is because people will pay those prices. Not until people stop paying these prices will the bubble stop blowing up or even deflate.
Posted by H.M. Murdock
B.A.'s Van
Member since Feb 2013
2113 posts
Posted on 5/8/16 at 12:06 pm to
quote:

For $400K you can get into Lakeview.


Then the question becomes why one would want to "get in" Lakeview.
Posted by GWfool
Member since Aug 2010
2419 posts
Posted on 5/8/16 at 12:42 pm to
I think you are starting to see prices coming down in certain areas. I've noticed house in Irish Channel are starting to stay on the market longer then they were 6 months ago.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78328 posts
Posted on 5/8/16 at 12:44 pm to
That's true. Inventory isn't moving as fast these days. The real boom was 2013-2015.
Posted by lsupride87
Member since Dec 2007
111389 posts
Posted on 5/8/16 at 1:35 pm to
The OT lounge.

Where 400k is a "nice affordable" home.
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