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**BoattyGonm** · 12-24-2005, 04:19 PM

In the Greater New Orleans area (includes my city), any house under $150,00 that's available is being snatched up aspeople flee N.O. The market value of my house increased by no less than $20,000 almost overnight which isn't good if the city and parish decides to reassess the properties for tax purposes! My nephew had a house that would have sold pre-Katrina for around $75,000. Post-Katrina, with a tree through the roof, patio awning gone, A/C under water and other damages, he sold the house as-is for $ $89,000. The best part was, he owned the house outright and was able to keep the insurance money and the money from the sale and buy another house outright. Smart kid!

12-24-2005, 04:19 PM	#5
BoattyGonm Join Date Oct 2005 Posts 434 Senior Member	In the Greater New Orleans area (includes my city), any house under $150,00 that's available is being snatched up aspeople flee N.O. The market value of my house increased by no less than $20,000 almost overnight which isn't good if the city and parish decides to reassess the properties for tax purposes! My nephew had a house that would have sold pre-Katrina for around $75,000. Post-Katrina, with a tree through the roof, patio awning gone, A/C under water and other damages, he sold the house as-is for $ $89,000. The best part was, he owned the house outright and was able to keep the insurance money and the money from the sale and buy another house outright. Smart kid!
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