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re: Why doesn’t New Orleans do more to attract middle-class home buyers?
Posted on 4/26/18 at 9:01 am to Mingo Was His NameO
Posted on 4/26/18 at 9:01 am to Mingo Was His NameO
quote:
Not letting criminals roam the street in broad daylight and making public school a viable option doesn't really equate to becoming cookie cutter.
I know, but that seems to be where these threads tend to go. The "Why can't NOLA be more like Houston, Dallas, Atlanta." nonsense.
3
Posted on 4/26/18 at 9:03 am to Draconian Sanctions
quote:
I know, but that seems to be where these threads tend to go. The "Why can't NOLA be more like Houston, Dallas, Atlanta." nonsense.
There's a lot of cookie cutter, but theres also a lot of really nice old neighborhoods in those cities as well. Part of the reason those have a lot of cookie cutter is because they're massive. If NOLA stays a mid size city it won't be like that
Posted on 4/26/18 at 9:04 am to Draconian Sanctions
Yeah man if we put 3000 sq ft houses on top of each other, all NOLAs problems will be gone.
Posted on 4/26/18 at 9:05 am to 50_Tiger
Was the market like this pre Katrina or were more places uptown more affordable?
Posted on 4/26/18 at 9:05 am to Mingo Was His NameO
I lived in Austin for several years earlier in the decade and when i went back about 6 months ago I was shocked at how much of the old neighborhoods and businesses had been torn down to make way for those mixed use high rises and the like just in a few years. It was really sad. I don't want that to happen to New Orleans.
This post was edited on 4/26/18 at 9:06 am
Posted on 4/26/18 at 9:09 am to Paul Allen
People were dying just to live in the channel
Posted on 4/26/18 at 9:12 am to Paul Allen
quote:
Was the market like this pre Katrina or were more places uptown more affordable?
I left after Katrina.
My mom bought their home in Gretna for 50k. It's worth 125k now. My apartment is about as big as their home here in DFW.
I would generally say the point of inflection is the period after Katrina, where insurance money was flooded into the region and investors, saw new opportunities.
You now sprinkle in Airbnb and other companies buying up inventory and as someone alluded too, the market price is set because people are paying that price.
Posted on 4/26/18 at 9:16 am to TDcline
quote:
Right now New Orleans has no demand to justify the housing market.
then the prices will/should drop IF this assumption is correct. Prices are a function of demand Econ 101
Posted on 4/26/18 at 9:21 am to Draconian Sanctions
quote:
NOLA obviously has social problems but i refuse to believe turning the city into yet another bland cookie cutter corporate playground is the only answer.
Eye roll all you want, I was born and raised there, the place will never change. Keep hope alive with the gentrification.
Who said as anything about cookie cutter?
You can keep and hang the murder capital banner, crooked politics and stale economy.
Posted on 4/26/18 at 9:21 am to fightin tigers
quote:
it just gets shite on for what people think they know
That's what most of board thinks when it comes to Nola. They think it's all either Bourbon Street and St. Charles Ave. and the rest is section 8 and projects.
For someone who hasn't been in the neighborhoods in Nola in 10 years, if they were to come back and just bike or walk through the city you would be blown away by the changes.
Every block in every neighborhood except for maybe the east has new construction and major renovations.
This post was edited on 4/26/18 at 9:29 am
Posted on 4/26/18 at 9:25 am to notiger1997
All I ask is that they start with fixing Magazine St near the damn zoo. If I didn't bring a truck I may have been lost in a pothole.
Posted on 4/26/18 at 9:29 am to Mingo Was His NameO
quote:
Yeah but you get WAAAAYYYYY better services for your tax money (public schools, transportation, less crime, general cleanliness)
Inside the Urban core? Come on. City of Atlanta schools suck. Houston ISD sucks.
Where those regional areas are better than NOLA is the suburbs, not the urban core.
Posted on 4/26/18 at 9:30 am to TDcline
quote:
Right now New Orleans has no demand to justify the housing market.
Hmmm. Prices aren't really dropping. So you are incorrect.
Posted on 4/26/18 at 9:32 am to TDcline
Middle class people, in general, can't afford to live in most desirable cities. This isn't unique to New Orleans.
Posted on 4/26/18 at 9:34 am to GreatLakesTiger24
Define middle class? Let’s do a married couple with no kids and then a family of 4.
Married couple with no kids and a combined income of 125,000 a year could afford to live in most larger cities, excluding Boston, NYC, SF and LA.
Family of 4 at 125,000 income, yeah, they’re probably not going to afford or want to live in the city itself.
Married couple with no kids and a combined income of 125,000 a year could afford to live in most larger cities, excluding Boston, NYC, SF and LA.
Family of 4 at 125,000 income, yeah, they’re probably not going to afford or want to live in the city itself.
Posted on 4/26/18 at 9:36 am to LSUFanHouston
quote:
Inside the Urban core? Come on. City of Atlanta schools suck. Houston ISD sucks.
Where those regional areas are better than NOLA is the suburbs, not the urban core.
I'm not as familiar with Hou and Atl, but I know there's at least a couple of schools that kids can go to in the urban core, and some of Dallas's best schools are there. The point is whether you live in the city center or burbs in NOLA there isn't a single public school yo send your kids to. Franklin I guess, but you have to get in.
Posted on 4/26/18 at 9:42 am to TDcline
I would agree with the OP that within the city proper, it's either wealthy or poor and not a lot of middle class.
The metro area? Plenty of middle class.
What sets the NOLA market apart from Atlanta, Houston, Denver, Dallas, Charlotte, etc is the lack of entry to mid-level professional jobs.
When kids graduate, it's very hard for them to find that first/second job in accounting, engineering, etc that pays 50-60K a year. These are the people that in 5 or 10 years would make up your upper middle class. But they have all left already, because we didn't have any entry level jobs for them.
Last year our firm was looking for a CPA with 7-10 years experience. It took me 14 months to fine one, and we had to move him here from New York (he is from NOLA).
Meanwhile, if I need an intern, I'll have 75 qualified applications tomorrow.
The metro area? Plenty of middle class.
What sets the NOLA market apart from Atlanta, Houston, Denver, Dallas, Charlotte, etc is the lack of entry to mid-level professional jobs.
When kids graduate, it's very hard for them to find that first/second job in accounting, engineering, etc that pays 50-60K a year. These are the people that in 5 or 10 years would make up your upper middle class. But they have all left already, because we didn't have any entry level jobs for them.
Last year our firm was looking for a CPA with 7-10 years experience. It took me 14 months to fine one, and we had to move him here from New York (he is from NOLA).
Meanwhile, if I need an intern, I'll have 75 qualified applications tomorrow.
Posted on 4/26/18 at 9:46 am to TDcline
It is an odd thing. Most houses are priced too high. If they arent, it is in a shite area or the house itself needs a lot of work. I also noticed they have some nice places that are cheaper, but you have to make like less than 30k to even be considered. So yeah, the people in the middle get shafted.
Posted on 4/26/18 at 9:48 am to Jake88
quote:
Completely wrong. There are middle and upper middle class all over the area. Lakeview, Midcity, Uptown...
Gentilly brah
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