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Old 06-12-2008, 10:53 PM
 
Location: New Orleans, LA
258 posts, read 940,353 times
Reputation: 95

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It amazes me how NOLA rent has raised so much post-Katrina.

Me and my friend who lives in Marrero have been scouring the city for places that won't cost a load of cash.
I understand that it's a amalgamate of factors like the people coming back, the new people staying in town, and a lot of areas still needing work done.
But, it's crazy to think a few years ago rent in the bywater for a 2 bedroom was less than $500 and now it's $800+
I get putting a lot of money into the space to update it, but continual down trends of the the economy could cripple an already weak city if the average house owner wants to keep making money.

It's insane to think rent in New Orleans is more almost more than I was paying to live in Chicago.
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