New Orleans First to Experience Housing Bubble Burst

Are we beginning to see the housing bubble burst, in the wake of Hurricane Katrina? In New Orleans many private equity was literally washed away. They are upside down in negative equity and largely under water. It seems as if the New Orleans Housing ha ido marker down the drain. New Orleans has experienced strong growth over the past year, prices had increased, and many of them have made other loans to repay debt credit car, which has helped to fuel economy . Relatively few needs of their credit cards for purchases last pleasure, because only broke with a little help from his friends and took some of which they need to survive. You know that-A-Surround Sound System, with HDTV, 64 flat screen to see your favorite local team Santos. If the market is flooded with homes for sale in the city of New Orleans in fact. Some of these beautiful houses are not only very cheap today, but come with former occupants still inside. The local economic development association director issued a recent statement that he and his staff are very optimistic about the future of New Orleans real estate and who do not see a period of drought in the housing market. In addition, he indicated that New Orleans has a lot going for it; water prices are cheap with an abundant supply and wastewater is not a problem as very rich. But it's not all. It encourages its many commercial area with its low prices, so low, in fact, is almost as theft and the city at that time are not even charge sales tax, almost like a duty free shop. The crime and community services is not an issue, and both are numerous and could not be found. Transportation is not a problem almost no movement at all. Think New Orleans in the housing market, to take the floor, while prices are cheap. Lance Winslow - If you have any innovative ideas and unique, it seems to come with Lance; http://www.WorldThinkTank.net/wttbbs http://www.WorldThinkTank.net/wttbbs