New Orleans First to Experience Housing Bubble Burst -

Home
>
Humor & Entertainment
>
New Orleans First to Experience Housing Bubble Burst

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

In The News:

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://ap.google.com/article/ALeqM5gEh-9XgAt-a41iWQ7tQKI_t5gK3AD93LBMB80cid=1254949284ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNGpvfw3GCYaqERdR-6pcMYdF6IlagD#39;oh! Ex-`Simpsons#39; writer wins $5000 prize/abrfont size=-1font color=#6f6f6fThe Associated Pressnbsp;-/font nobr11 hours ago/nobr/fontbrfont size=-1NEW YORK (AP) — Larry Doyle, a former TV writer-producer for quot;The Simpsons,quot; was named the winner Monday of this year#39;s Thurber Prize for American bHumor/b. b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.ajc.com/business/content/business/stories/2008/10/06/atlanta_retail_develop.htmlcid=0ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNGvNdW9hBzMAoyzwq-UI6GsoSCqjQRetail developers keep sense of bhumor/b about economy/abrfont size=-1font color=#6f6f6fAtlanta Journal Constitution,nbsp; USAnbsp;-/font nobr16 hours ago/nobr/fontbrfont size=-1By RACHEL TOBIN RAMOS A convention for shopping center developers was a mixture of gallows bhumor/b, cautious optimism and announcements of retailers coming b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://news.bbc.co.uk/2/hi/americas/7649888.stmcid=1254785513ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNFOdbfN0C1MspOuW66TfiOnUM3z_Qimg src=http://news.google.com/news?imgefp=MDtsC0nw1JoJimgurl=newsimg.bbc.co.uk/media/images/45074000/jpg/_45074231_palinbidengetty226.jpg width=80 height=60 alt= border=1brfont size=-2BBC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.gather.com/viewArticle.jsp%3FarticleId%3D281474977469355cid=1254785513ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNHcWg5T1dYlDw3-Mj49KfBNU2g3XQbHumor/b: Palin Targets Illegal Votes in Debate/abrfont size=-1font color=#6f6f6fGather.com,nbsp;MAnbsp;-/font nobr22 hours ago/nobr/fontbrfont size=-1The Obama-Biden campaign is crying foul at what they are calling “shady attempts to garner illegal votes” through statements made by Republican vice b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.youtube.com/watch%3Fv%3D0uFPJzyrO5wcid=1254785513ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNE7jr9Ac23Lr-6KWmb-xvscjH2iNQVideo: VP Debate A Study In Contrasts/a font size=-1 color=#6f6f6fnobrWSJDigitalNetwork/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/0uFPJzyrO5w/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/0uFPJzyrO5wtype=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.associatedcontent.com/article/1073912/thursday_night_lights_biden_vs_palin.htmlcid=1254785513ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNGhWMgE8exf5OOBjsTum5rqcog8_AThursday Night Lights: Biden vs. Palin/a font size=-1 color=#6f6f6fnobrAssociated Content/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.unogateway.com/news/2008/10/07/Opinion/Who-Is.The.Real.Sarah.Palin-3471913.shtmlcid=1254785513ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNEA2jj1qe2HnvB3h9DT6O2_okJ6iwWho is the real Sarah Palin?/a font size=-1 color=#6f6f6fnobrGateway/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.freep.com/apps/pbcs.dll/article%3FAID%3D/20081006/NEWS15/810060312cid=1254785513ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNHYZkvqR9zLhxVJQHRw3c_9JGYI-wnobrDetroit Free Press/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.kitsapsun.com/news/2008/oct/06/jim-hoagland-palin-and-bushonomics-are-bad-fit/cid=1254785513ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNFPyzygMNWiWmmnegt40iq3eOhYKwnobrKitsap Sun/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254785513hl=ennobrall 5,276 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://women.timesonline.co.uk/tol/arts_and_entertainment/stage/comedy/article4869771.ececid=1254360039ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNEibYkin61ZaRAEsvlJUrNOFt2DlQimg src=http://news.google.com/news?imgefp=8OoHx3McX14Jimgurl=entertainment.timesonline.co.uk/multimedia/archive/00408/Tina_Fey_408635a.jpg width=80 height=38 alt= border=1brfont size=-2Times Online/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.tvweek.com/news/2008/10/snl_numbers_soaring_on_politic.phpcid=1254360039ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNESGqQoKnVe4ZQG-l6fJAlktQlSCg‘SNL’ Numbers Soaring on Political bHumor/b/abrfont size=-1font color=#6f6f6fTelevision Week,nbsp;MInbsp;-/font nobr15 hours ago/nobr/fontbrfont size=-1By Andrew Krukowski The political engine continues to churn ratings success for “Saturday Night Live,” as Saturday’s “SNL” topped the previous week’s b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.hollywoodreporter.com/hr/content_display/television/news/e3ic261f4f6bfdb7bc444c8d211863a844acid=1254360039ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNFVc_S4XfqW06Lna1MLE2p2-FzWlw#39;SNL#39; ratings still going strong/a font size=-1 color=#6f6f6fnobrHollywood Reporter/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.rte.ie/arts/2008/1007/palin_fey.htmlcid=1254360039ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNFURBFPVhX2CttrepqDOAAzjsCftgBook deal #39;worth millons#39; for Fey/a font size=-1 color=#6f6f6fnobrRTE.ie/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.buddytv.com/articles/saturday-night-live/saturday_night_live_tina_fey_t-23367.aspxcid=1254360039ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNHOYOHSh79X3zv6Ie5FaqEIRi78-QSaturday Night Live: Tina Fey Takes on the VP Debate/a font size=-1 color=#6f6f6fnobrBuddyTV/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.people.com/people/article/0,,20231468,00.htmlcid=1254360039ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNHbAMZq_mwuZ7vFIjy54lBYz9g-FwnobrPeople Magazine/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://gawker.com/5059759/the-cult-of-tina-feycid=1254360039ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNEr1z5owMlaSy-BRl6dgu8J2cHlOwnobrGawker/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254360039hl=ennobrall 571 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.sltrib.com/themix/ci_10638341cid=0ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNGNht9cxNFHii0G7DGbsfaEZAGNpwBooks: bHumor/b as a road to literacy/abrfont size=-1font color=#6f6f6fSalt Lake Tribune,nbsp;United Statesnbsp;-/font nobrOct 5, 2008/nobr/fontbrfont size=-1The first is to employ bhumor/b, and the second is to broaden the definition of what quot;acceptablequot; reading is. quot;Drama and misery have come to be prized over b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.tucsoncitizen.com/ss/columns/98771.phpcid=0ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNFyH0z_XqC_VQX9OvNc6qZs8yU4iwbHumor/b: Bewitching Palin/abrfont size=-1font color=#6f6f6fTucson Citizen,nbsp;AZnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1Sarah Palin got glowing reviews on her VP debate performance. She winked at the cameras, wiggled her nose and had the audience under her spell. b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.whitworthian.com/news/2008/10/07/Opinions/Humor.Dear.Freshmen.Stop.Making.Out.Thanks-3472954.shtmlcid=0ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNFsSz8cdBK1lp1ICpLNLpdzPmiVGwbHUMOR/b: Dear freshmen: Stop making out. Thanks./abrfont size=-1font color=#6f6f6fWhitworthian,nbsp;WAnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1It has come to my attention that freshmen have been making out in public. Not just canoodling. We’re talking full-fledged making out. b.../b/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nydailynews.com/blogs/dailypolitics/2008/10/term-limits-humor.htmlcid=0ei=TlvrSJeUL6Te6APk-NCECQusg=AFQjCNH43PD-CxmBvJSyw7VbyAPcWs6CwwTerm Limits bHumor/b/abrfont size=-1font color=#6f6f6fNew York Daily News,nbsp;NYnbsp;-/font nobr16 hours ago/nobr/fontbrfont size=-1While we#39;re waiting for the next development on term limits, a little bhumor/b/satire.... A reader with the e-mail address quot;billionairesforbloomberg@gmail.comquot; b.../b/font/div/font/td/tr/table

humor - Google News

New Orleans First to Experience Housing Bubble Burst

Humor & Entertainment