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re: Why doesn’t New Orleans do more to attract middle-class home buyers?

Posted on 4/26/18 at 8:25 am to
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42075 posts
Posted on 4/26/18 at 8:25 am to
quote:

Isn't New Orleans growing at the same pace as Houston right now?

I always love comparing Houston/Dallas to New Orleans. Like comparing apples and meerkats.


I compare because I honestly believe NOLA could have been what Houston and Dallas are today, but better due to the cultural influence that neither Dallas or Houston have.

Edit: Here's 2018 fastest growing metro areas. NOLA is not in the top 10.

Forbes
This post was edited on 4/26/18 at 8:27 am
Posted by TheWiz
Third World, LA
Member since Aug 2007
11820 posts
Posted on 4/26/18 at 8:26 am to
quote:

but better due to the cultural influence that neither Dallas or Houston have


Uh oh, this thread will derail with rustled jimmies.
Posted by Salmon
I helped draft the email
Member since Feb 2008
85126 posts
Posted on 4/26/18 at 8:27 am to
quote:

Right now New Orleans has no demand to justify the housing market.


obviously this is false
Posted by TDcline
American Gardens building 11th flor
Member since Aug 2015
9288 posts
Posted on 4/26/18 at 8:27 am to
Population growth of 4% Metro area of 10 million is a hell of a lot more people than 4% in a metro area of 2 million.

A town with a population of 1 gets another person to move there, they now have a 100% population growth. Houston might have 25k people moving there per day which wouldn’t even equal 1% growth. See the difference?

Please tell me New Orleans private school education taught you that?

Posted by Tiger Prawn
Member since Dec 2016
23984 posts
Posted on 4/26/18 at 8:27 am to
Because the middle class in New Orleans buy houses in Jefferson, Plaquemines or St Tammany. Most of the residential areas in Orleans Parish are either crime ridden shite holes or you have to be an OT baller to afford them. There isn't really much in the way of decent middle class neighborhoods in Orleans Parish.
This post was edited on 4/26/18 at 8:28 am
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
63050 posts
Posted on 4/26/18 at 8:27 am to
Democrats dont want people that dont need them
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42075 posts
Posted on 4/26/18 at 8:28 am to
quote:

Uh oh, this thread will derail with rustled jimmies.



Dude, I am the North Dallas suburb champion of the board. I am not however clueless. The feeling you get strolling through the quarter and downtown on a 65-degree day cannot be manufactured.

Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/26/18 at 8:28 am to
quote:

have you seen home prices for these cities?

I'm talking inside the actual city

because they are not any better than NOLA



Yeah not many solidly middle class people have houses within 635 here. 1200 sqft is $450k.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11820 posts
Posted on 4/26/18 at 8:29 am to
quote:

Most of the residential areas in Orleans Parish are either crime ridden shite holes or you have to be an OT baller to afford them.


This or both. They are trying to gentrify so many areas right now. Plopping down $800k houses in shitty neighborhoods, all with the hope that the neighborhoods eventually turn around.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
74566 posts
Posted on 4/26/18 at 8:29 am to
quote:

compare because I honestly believe NOLA could have been what Houston and Dallas are today, but better due to the cultural influence that neither Dallas or Houston have.



Not really. Lafayette possibly is a better comparison if you ask me. Dallas is a hub in its region, but that is a joke. New Orleans doesnt have the logistics.

Houston maybe gets the comparison, but land wise it wasn't possible.

There wasn't an oil boom like there was in Texas, yes there was oil found in south Louisiana, but that was a different time and era.
Posted by TH03
Mogadishu
Member since Dec 2008
171903 posts
Posted on 4/26/18 at 8:30 am to
quote:

The feeling you get strolling through the quarter and downtown on a 65-degree day cannot be manufactured.


Just go to a sauna.
Posted by rrboy
USA
Member since Jan 2005
5457 posts
Posted on 4/26/18 at 8:30 am to
Do you see who runs the city? wtf do expect?
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
74566 posts
Posted on 4/26/18 at 8:31 am to
quote:

Population growth of 4% Metro area of 10 million is a hell of a lot more people than 4% in a metro area of 2 million.


They are both closer to 1.5%.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42075 posts
Posted on 4/26/18 at 8:33 am to
quote:

Not really. Lafayette possibly is a better comparison if you ask me. Dallas is a hub in its region, but that is a joke. New Orleans doesnt have the logistics.


Laffy doesn't quite have the port New Orleans does.

Logistically NOLA should be a top 5 metro area. The only drawback (which could be considered significant) is the threat of natural disaster wiping out life (work force) and capital (warehouses, machinery, etc.)
Posted by TheWiz
Third World, LA
Member since Aug 2007
11820 posts
Posted on 4/26/18 at 8:34 am to
quote:

The only drawback (which could be considered significant) is the threat of natural disaster wiping out life (work force) and capital (warehouses, machinery, etc.)

Houston seems to be doing fine.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42075 posts
Posted on 4/26/18 at 8:34 am to
quote:

Just go to a sauna.


lol maybe the other 8 months of the year sure.
Posted by 50_Tiger
Arlington TX
Member since Jan 2016
42075 posts
Posted on 4/26/18 at 8:34 am to
quote:

Houston seems to be doing fine.


Exactly my point. NOLA should be on par with Houston. But NOLA is on the darkest timeline apparently.
Posted by JackieTreehorn
Malibu
Member since Sep 2013
33009 posts
Posted on 4/26/18 at 8:35 am to
quote:

Their home prices are as if they think New Orleans is Boston or something.


Hell it is basically turning into Boston. People from the Northeast have swarmed New Orleans and are moving down here in droves. They are driving up the prices. Now what they do for a living I couldn't tell you because the job market ain't exactly booming.
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
74566 posts
Posted on 4/26/18 at 8:36 am to
Telecommute appears to be the big answer.
Posted by Restomod
Member since Mar 2012
13493 posts
Posted on 4/26/18 at 8:37 am to
Best decision was moving... Garden District and Uptown was cool and all but frick everything else.

Place will never change, and that's truly sad.
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