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!
2007-02-16 09:21:34 · 6 answers · asked by "Corey" 3 in Business & Finance ➔ Renting & Real Estate
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.
2007-02-16 10:44:08 · answer #1 · answered by frankie b 5 · 0⤊ 0⤋
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.:)
2007-02-16 09:31:15 · answer #2 · answered by wolvie 6 · 0⤊ 0⤋
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.
2007-02-16 09:26:23 · answer #3 · answered by Tim P 2 · 0⤊ 0⤋
Yes, the problems are still there, but land speculators are hoping for a killing on their investment.
2007-02-16 09:25:44 · answer #4 · answered by WC 7 · 0⤊ 0⤋
Cause they are building new homes and people are coming back to live there again. Thats why
2007-02-16 09:29:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Of course. They know that when it floods again that Uncle Sam will foolishly spend our money again.....................
2007-02-16 11:07:10 · answer #6 · answered by Huero 5 · 0⤊ 0⤋