Domain: tiger-web1.srvr.media3.us Housing prices in Southeast Louisiana | Oil Spill
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Housing prices in Southeast Louisiana

Posted on 6/4/10 at 7:25 am
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29523 posts
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Posted on 6/4/10 at 7:25 am
Just heard two of the top real estate experts dicussing the impact of the oil spill and the dirlling moratorium on Louisiana. Their research says that the S.E. Louisiana will see a housing valuation decrease anywhere from 5 to 15% with some areas seeing as much as a 30% decrease in value.

Both are very pessimistic on the overall short term prospects for Louisiana now.
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Posted by T Ba Doe Tiger
ROWMCO
Member since Aug 2007
11103 posts
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Posted on 6/4/10 at 7:54 am to MrLSU
I have personally tabled plans to sell and rebuild bc of prices.
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Posted by Mudminnow
Houston, TX
Member since Aug 2004
34214 posts
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Posted on 6/4/10 at 8:50 am to MrLSU
mainly the oil spill. Who wants to live near oily water which may be void of life for years and if there is life may not be for human consumption
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