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Message
re: Slowest Housing Markets - Louisiana has 3/12
Posted on 4/19/24 at 12:04 pm to Tmcgin
Posted on 4/19/24 at 12:04 pm to Tmcgin
quote:
Insurance in Nola is a huge issue
Homeowners Insurance in the Greater New Orleans area has reached a crisis point and there's no end in sight.
People were willing to put up with the poor quality of life for cheap cost of living before.
Now NOLA has poor quality of life and a high cost of living. That's a bad situation.
There will be a mass exodus, foreclosures and economic despair if things don't change soon.
2
Posted on 4/19/24 at 12:06 pm to Miglez
quote:
There will be a mass exodus, foreclosures
only for the poors. maybe it gets much of the riff raff out of the city?
Posted on 4/19/24 at 2:59 pm to Miglez
quote:
Homeowners Insurance in the Greater New Orleans area has reached a crisis point and there's no end in sight.
People were willing to put up with the poor quality of life for cheap cost of living before.
Now NOLA has poor quality of life and a high cost of living. That's a bad situation.
There will be a mass exodus, foreclosures and economic despair if things don't change soon.
St Bernard is trying to raise our fire department property millage by 50%. Meanwhile most people's homeowners have risen by 150% or more since 2020.
There's new construction in my neighborhood that has been completed for a year or more, still sitting for sale.
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