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Are people really buying real estate in New Orleans?

I just read on Yahoo.com that the real estate market in New Orleans is on the rise! How could this be? I thought their problems were plenty!

6 Responses to “Are people really buying real estate in New Orleans?”

  • pathfinder:

    Yes, the problems are still there, but land speculators are hoping for a killing on their investment.

  • Tim P:

    I see a lot of questions here on how to get rich. This is how people get rich. They look for value where now one else sees it, then waits for the masses to find out.

  • ICE ♥'s Nat and Alex:

    Cause they are building new homes and people are coming back to live there again. Thats why

  • wolvie:

    its only on the rise because the property value isnt high anymore, so the cost of homes is low….but i wouldnt dare move to new orleans, i mean just a few days ago it was hit yet again, but by a damn tornado! something or SOMEBODY gots a problem with that area down there…..i think ill linger around chicago for awhile longer ha.:)

  • frankie b:

    Buy low and sell high is the ideal investment.
    Right now you can buy low so they are hoping for a large return on their money.

  • Huero:

    Of course. They know that when it floods again that Uncle Sam will foolishly spend our money again…………………

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