anyone interested in investing in new orleans?
I was thinking of getting the “rubber raft concession” there…
If they’re not going to physically alter New Orleans, how “mentally unquick” should you be to put money in there…?
I live in NW Louisiana (the dry part) and one of the guys from the N.O. VA hospital came and worked with me for a while. He had a rental property that got wet to the rafters. He had just spent $25K on a rehab. The insurance company owes so many HOMEowners so much money that rental owners are basically being laughed at…
Yeah lemme get some of that!
As always, just my two cents…
Keith
Typical Northern louisiana!
Property is Dirt cheap right now in a market that i beleive will thrive over time.
Im a Rental owner 10 to be exact and i got all my money and more.
I just did an short sale on a property in lakeview and make a quick few thousand.
Im not asking for people opinions on the matter im asking if anyone is doning deals.
Sorry…no offense intended (OK, maybe a little…).
I just don’t think it’s fiscally wise to pump money into a city that’s below sea level where there’s no plan to rectify that…each to his own. There will be money to be made there because they WILL rebuild and it will be ‘flushed’ again…then they’ll rebuild, etc., etc. – but it won’t be with my money.
I personally think it SUCKS ON ICE that a single penny of US tax-payer money is being spent on the stupidity – but, hey, the government spends billions on stupidity all the time. This is a New Orleans problem and should be paid for by New Orleans.
Keith