Affordable housing remains sparse in New Orleans.
By on Aug 25th, 2006 at 1:23 pm
Affordable housing remains sparse in New Orleans.
Nearly a year after Hurricane Katrina, a new report from demographer Greg Rigamer finds that “average rents have risen about 40 percent, and the average selling price of homes in areas not affected by flooding rose about 25 percent.”
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Supply and demand, obviously not much supply.
August 25th, 2006 at 1:36 pmIf you want a taste of how we’ll respond to the next big terrorist attack under republican rule, just take a look at Katrina… that’s all you need to know.
August 25th, 2006 at 1:46 pmActually,
Housing and Rent prices will continue to rise and there isn’t much anyone can do about it. Everything that wasn’t touched will sell higher due to supply/demand in the short term. In the long term, most everything for sale or rent will be brand new construction. Obviously brand new buildings and houses will sell or rent for more then the old crap they used to have. Have you guys been to New Orleans before the storm? That place was already falling apart. Housing prices were half of what they are where I live. This new construction should make New Orleans a much nicer or spendier place to live. Simple economics 101 will tell us that.
August 25th, 2006 at 1:49 pmYou just made the arguement for why the republcains allowed so much destruction to take place. Good job.
August 25th, 2006 at 1:56 pmThis new construction should make New Orleans a much nicer or spendier place to live. Simple economics 101 will tell us that.
Comment by Roger_Roger — August 25, 2006 @ 1:49 pm
Well , no wonder the response was so slow. You wouldn’t want to rescue those inhabitants of “ugly, inexpensive” houses and business, now would ya?
August 25th, 2006 at 1:59 pm#4 – Spudge_Boy,
August 25th, 2006 at 2:00 pmRepublcains, was that a mispell or were you refering to Cain and Abel?
Supply and demand is not the process. It’s profiteering and speculation based on the hope that people will give up their residential property which can be turned into commercial property. Then, watch the levies and the rest of the infastructure get fixed ASAP.
August 25th, 2006 at 2:00 pmI know, I misspelled misspell.
August 25th, 2006 at 2:01 pmWaltTheMan,
Must have been a Fruedian slip.
August 25th, 2006 at 2:03 pmDing ding ding ding ding ding. We have a winner.
Just like with the Iraqi oil, New Orleans was being devided before the storm left.
August 25th, 2006 at 2:04 pmThere isn’t enough money available to “fix” the New Orleans infrastructure. It is beyond repairable. And unless and until the local/national business folks and profiteers figure out how to house the tens upon tens of thousands of manual laborers required to operate the hotels, restaurants, shops etc. there will be nothing doing in N.O., and no one will actually wish to move there or invest there. GOP screwed up “big time” in not sticking with their normal “vouchers” for housing, instead opting for 100% trailers by Halliburton and Subsidiaries (and related entities).
August 25th, 2006 at 2:25 pmNope, the national teasure has been spent on an illegal occupation of Iraq.
August 25th, 2006 at 2:28 pmIsn’t global warming going to turn New Orleans into part of the gulf anyways? I would guess that this crowd would be against anyone moving back to an area on the tax payer dime that is going to be under water in the next few years.
August 25th, 2006 at 2:37 pmNice strawman.
August 25th, 2006 at 2:41 pmThat doesn’t make any sense. The rents should be lower. No one wants to live there.
August 25th, 2006 at 6:01 pmA cousin of mine is now renting a French Quarter apt that he never could afford before, when he signed the lease the rent was almost half of what it was before.
George Bush Doesn’t Care About Black People
August 26th, 2006 at 10:59 amhttp://www.brasscheck.com/videos/neworleans/neworleans5.html
Roger_roger, do you realize how of a pig you are?
August 26th, 2006 at 11:06 pmThat doesn’t make any sense. The rents should be lower. No one wants to live there.
A cousin of mine is now renting a French Quarter apt that he never could afford before, when he signed the lease the rent was almost half of what it was before.
Comment by Jake — August 25, 2006 @ 6:01 pm
August 27th, 2006 at 2:54 pmI suspect that the message that the media is sending out is aimed at the Black “underclass” that they won’t be able to afford to return. I’m quite sure if you’rethe right color, you would have no problem at all in getting a cheap apt in NO. What the powers-that-be don’t want is a flood of returning poor people.