The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (40011)	9/1/2005 6:32:01 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

>>I think the opportunity aspects of rebuilding NO will appeal to a lot of RE speculators and others<< I seriously doubt it, it was one of the few spots in America that the bubble passed by. Stranger things have happened I suppose. I sure don't wanna live there again....California is California, it'll attract the weird and wacky no matter what (no offense!<G>) N'awlins had a poor educational base, lotsa crime, a deteriorating economy and was in the bottom of a bowl, and a miserable climate for half the year in addition to being at the bottom of a fishbowl. Yeah they had good food, nice architecture (a good deal of which will no longer be recognizable) and a couple other cool things, but I really think you're comparing Apples to oranges. No Cal had a thriving economy, diverse economic foundation, and a well-educated citizenry before and after the quake. And it didn't completely level the downtown area, it wasn't really "the Big One" like this is, it wasn't the worst case scenario. I love New Orleans, but I think the country DOES have to look long and hard at alternatives to rebuilding there versus dispersing it's citizens elsewhere.

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