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246 comments on Where we are headed: Peak oil and the financial crisis

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AlanfromBigEasy on March 25, 2009 - 10:20am Permalink | Subthread | Parent | Comments top

In 2008, New Orleans home prices rose 4%. Much of that is post-K effect, but unflooded real estate in my area is definitely up.

Alan

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souperman2 on March 25, 2009 - 1:09pm Permalink | Subthread | Parent | Comments top

Are wages and salaries going up too?

Are houses 2.5 to 3 times average yearly wages salaries?

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AlanfromBigEasy on March 25, 2009 - 3:33pm Permalink | Subthread | Parent | Comments top

A single shotgun (~600 sq ft) in decent condition in a decent neighborhood (say Gentilly) can be bought for $75,000. 75K is significant, because that is the homestead exclusion for property taxes in Louisiana.

Alan

A double shotgun renovated as a single shotgun (1,200 sq ft) for $75,000 about 6 blocks from the French Qtr on the border between good & bad neighborhoods.

http://www.latter-blum.com/RLNet/Listings/ListingDetails.aspx?ListingId=...

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246 comments on Where we are headed: Peak oil and the financial crisis

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