2007-02-05 09:47:11 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
There are good properties in NO, that because of Katrina now sell for less than they would before Katrina. You'll have to be patient to receive the return and you need to buy the best property available considering all relevent factors including local market, economic, personal financial position and past experiece buying land/property just to name a few. Get qualified professional assistance.
Warren Buffet says that he is "greedy when others are fearful and fearful when others are greedy." As evidenced by the other answers you have received, most are presently fearful.
Good Luck.
2007-02-05 15:34:36 · answer #1 · answered by planningresult 4 · 0⤊ 0⤋
I am not a land investor, but it seems like New Orleans would be a good spot to start. It is cheap now after Katrina and the potential for growth is still there. Just remember that the value of land depends on the vitality of the area around it. If you feel that areas of New Orleans will profit and prosper, buying land in that area is a good idea.
2007-02-05 18:01:39 · answer #2 · answered by fretzdawg 2 · 0⤊ 0⤋
NO, not only because of what happened (Katrina) but because of the possiblity it could happen again next summer. If you want to invest in land, invest in a good geographically diverse REIT (real estate investment trust).
2007-02-05 18:00:20 · answer #3 · answered by gosh137 6 · 0⤊ 0⤋
It all depends what area of new orleans you want to invest.
2007-02-05 17:50:51 · answer #4 · answered by maria fkun 4 · 0⤊ 0⤋
NO,new orleans is sinking.
2007-02-05 19:09:35 · answer #5 · answered by adam p 3 · 0⤊ 0⤋
not a good idea; expecially because of what happened [hurricane katrina]
people are still recovering from that
2007-02-05 17:52:06 · answer #6 · answered by ? 5 · 1⤊ 0⤋
I REALLY DONT KNOW MUCH ABOUT INVESTING BUT I SAY NNNNNNNNNNNNNOOOOOOOOO
2007-02-05 18:05:21 · answer #7 · answered by dayday 1 · 0⤊ 0⤋