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New Orleans First to Experience Housing Bubble Burst


Are we starting to see the Housing Bubble Burst in the wake of Hurricane Katrina? In New Orleans many homeowner's had their equity literally washed away. They are upside down in negative equity and basically underwater. It appears that the New Orleans Housing marker has gone down the drain. New Orleans experienced significant growth in the past year, prices had increased; many had taken out second loans to pay off credit car debt, which helped fuel the economy there. Relatively few need their credit cards for recent shopping sprees, as they just broke in with a little help from their friends and took those few items they needed for survival. You know like a; Surround-A-Sound System, with HDTV, 64" Flat Panel Display to watch your favorite local team the Saints.

Yes the market is flooded with homes for sale in the City New Orleans indeed. Some of these fine homes are not only very cheap now, but they come with the former residents still inside. The local economic development association director issues a recent statement that he and his staff are very optimistic about the future of the New Orleans real estate and that they do not see a dry period in the housing market there. In addition they indicated that New Orleans has a lot going for it; water rates are cheap with an abundant supply and sewage is not a problem also quite abundant. But that is not all. They touted their many shopping districts with rock bottom prices, so low in fact it was almost like stealing and the city at this point is not even charging sales tax, almost like a duty free shopping spree. Crime and community services are also not a problem and are both abundant and non-existent. Transportation is not a problem there is virtually no traffic at all. Think about the New Orleans housing market, get in on the ground floor while prices are cheap.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/wttbbs


MORE RESOURCES:
Animated 'Click & Clack' lacks humor of real thing - Salt Lake Tribune

New York Daily News

Animated 'Click & Clack' lacks humor of real thing
Salt Lake Tribune, United States - 13 hours ago
But the show's humor seems forced and wooden. Lacking the spontaneous feel of the radio show, it all feels a little too predictable. ...
TV NOTE St. Charles Journal
Car Talk's' Click and Clack duo gets animated PBS show The Plain Dealer - cleveland.com
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Five humor hints on how to take control of your life by taking ... - Seattle Post Intelligencer

Five humor hints on how to take control of your life by taking ...
Seattle Post Intelligencer - Jul 4, 2008
The next blog on the Boomer Consumer will discuss: Five Humor Hints on How to Deal With Jerks and Knee Jerk Reactions. Posted by Rita R. Robison at July 4, ...

Kia Motors Downplays Humor, Flash in Latest TV Ads - Orange County Business Journal

Kia Motors Downplays Humor, Flash in Latest TV Ads
Orange County Business Journal, CA - 11 hours ago
It’sa move away from past humor-filled ads, where Kia tried to be more hip and woo buyers with punchy campaigns. One featured a sales spot that parodied the ...

Omaha clubs discover patrons tend to appreciate offbeat humor - Omaha World-Herald (subscription)

Omaha clubs discover patrons tend to appreciate offbeat humor
Omaha World-Herald (subscription), NE - 15 hours ago
... bands to do something different," Nelson said, adding that Barry's style of edgy, offbeat humor should appeal to fans who attend concerts at Slowdown. ...

Teacher: You need humor, God, insurance - Muskogee Daily Phoenix

Teacher: You need humor, God, insurance
Muskogee Daily Phoenix, OK - 14 hours ago
By Travina Coleman Cindy Kane, a computer science teacher at Muskogee High School, has been living with lupus since her diagnosis in 1982. ...

Blog of the week: Love + derivatives = comedy - San Francisco Chronicle

Blog of the week: Love + derivatives = comedy
San Francisco Chronicle,  USA - 12 hours ago
"Saturday Night Live" it ain't - xkcd's humor is gentle, and it freely delights in erudition of all kinds. But in a world of crude, common humor, ...

A little humor sells - Pittsburgh Tribune-Review

A little humor sells
Pittsburgh Tribune-Review, PA - 15 hours ago
By Mark Russell To illustrate how seriously we Americans are taking this election, I note such products as "Vote for Hillary" thongs, as well as songs ...

The humor potential: Ladies get their revenge - Kingston Reporter

The humor potential: Ladies get their revenge
Kingston Reporter, MA - Jul 5, 2008
To share your pet peeves, questions or comments, write to The Humor Potential, 50 Court St., Plymouth 02360, send E-mail to inquiry@lorettalaroche.com, ...

Five humor hints on how to be stressed for success - Seattle Post Intelligencer

Five humor hints on how to be stressed for success
Seattle Post Intelligencer - Jul 3, 2008
By Patt Schwab, Ph.D., Humorist Humor is not a joke! When it comes to reducing stress, humor can help put our problems into perspective faster than just ...

For the Big Bucks, Try a Little Yuk Yuk - Washington Post

For the Big Bucks, Try a Little Yuk Yuk
Washington Post, United States - Jul 5, 2008
This book, written like a case study of the benefits of humor, could help many managers see that laughter is good for business. ...

Humor - Google News

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