re: Will New Orleans become more affordable as Airbnb’s crash?

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Detroit is the future of NOLA - go look at housing/rental prices there. That's your answer.

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Detroit was dependent on the auto industry and that went away almost completely, hence what happened to them.

NOLA is dependent on tourism and that will come back, despite what everyone thinks right now.

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NOLA is dependent on tourism and that will come back

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i'm not saying Nola will never see tourism again, but it's possibly going to take years. that's going to have a major effect on Airbnb, which is an economic bubble but also part of a much larger RE bubble that will ultimately pop if the Airbnb ripples are large enough

you combine a RE crash with no tourism in a major city of an oil economy, and you're not going to have a good time

yes, it can come back, but it could be a long, hard 5+ years

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NOLA is dependent on tourism and that will come back, despite what everyone thinks right now.

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It will be interesting to see the long term effects of this on the convention circuit.

It may bounce back, but I wouldn't be surpirsed to see a rather large scale contraction of it either. That would be a pretty big blow to N.O.

oh yeah if you have one, or hell, even a couple, you should be able to withstand it. but the problem is, like with Wall Street, the leverage. people who are WAY over-invested (and likely invested at a premium cost b/c they invested on the incline) can only make money if the bull market keeps on

geez man, idk think we are going to dip into a long-arse recession/depression bc of this - you could be correct, but i think the recovery can potentially be very quick. guess we will see.

i do believe by august is important towards timing as october is scheduled to be a very huge month for the city

dude i'm pretty sure football isn't going to happen next year. i just don't see how we can make that work while we (1) still try to flatten the curve and (2) have the 2nd wave threat looming in the winter

yea, we need football as a society to keep the sanity, without it, it will get ugly

i didn't follow football much at all in 2017-18 b/c i had other interests to focus on, but even that's not available to me now so yeah

but football was a non-Nola example (since so many people think i am just targeting Nola). it's the "nuclear" example

but that means, no festivals, conventions, or hell, even family get togethers for Thanksgiving/Christmas are in danger

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70% of the people we deal with are legacy types and they come once a year. Germany, Spain, Italy, Australia, the Northeast of the US and the West coast.

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think about what you just said