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To: patron_anejo_por_favor who wrote (2656)8/31/2005 12:09:46 AM
From: John Vosilla  Respond to of 26017
 
Patron I can't see this being good for growth and property values in any other low lying warm water hurricane prone area. Short JOE yet?



To: patron_anejo_por_favor who wrote (2656)8/31/2005 1:41:24 AM
From: Jim McMannis  Respond to of 26017
 
RE:"It'll never recover. I think it's the end of New Orleans. It's just gotten the PR benefit of all of the Florida hurricanes combined with the LA riots thrown in for good measure....and things weren't going well there, economically speaking, to begin with. The one thing it still had going was it's historic charm, but that's being drowned as we speak. I wouldn't invest YOUR money there.....much less mine. Hate to be so cynical, but there it is...."

They had a Economics professor on FOX tonight saying that the gubbermint shouldn't spend one penny rebuilding New Orleans, there by keeping people in areas they shouldn't be in. Said FEMA shouldn't be backing people to live in flood zones.