| One man's tragedy is another man's fortune. | | | | |
| This saying has never been more true than in | | | | New Orleans can be considered the best real |
| the aftermath of the Katrina hurricane, where | | | | estate investment for some other reasons too. |
| the affected areas represent one of the best | | | | Destruction on a huge scale has some very |
| real estate investment opportunities | | | | interesting long term effects. Destroyed |
| available. The tragedy has resulted in a once | | | | areas in important cities will always recover |
| in a lifetime opportunity on the Gulf Coast. | | | | and the real estate prices of those rebuilt |
| | | | cities always surpass what they once were. |
| The most important factor here is price. Many | | | | Major cities like London after the Big Fire, |
| people chose to leave their homes for good, | | | | Tokyo after World War II, and New York after |
| which created a sharp turn in real estate | | | | 9/11 have proven this theory right. It is |
| prices. For the interested buyer this makes | | | | certain that a bright future awaits New |
| it the best investment possible. | | | | Orleans, . Early movers in the New Orleans |
| | | | real estate market are bound to be some of |
| It can be argued that real estate prices will | | | | the richest men in the future. |
| never come back to their initial levels, but | | | | |
| history has shown otherwise. Hurricane | | | | Vision plays a major role in seizing the best |
| Katrina was not the first disaster to hit New | | | | real estate investment. As a result of this |
| Orleans, nor will it be the last. This is a | | | | tragedy it is very likely that the city will |
| certitude we must live with. Technology will | | | | be more protected than ever and that any |
| change, the price tag for the repair bill | | | | subsequent hurricane will never provoke again |
| will go down, but disasters will keep coming. | | | | such tragedy. It is a shame that it took a |
| This is an assumed risk. This doesn't lower | | | | Katrina hurricane to make this possible, but |
| the opportunity of finding the best real | | | | nonetheless New Orleans will probably become |
| estate investment though. Some risks will | | | | one of the safest cities in the country. |
| always exist, no matter what. What you should | | | | |
| focus on are the peculiarities of this | | | | The areas of New Orleans that were affected |
| certain event. No other recent event | | | | by the Katrina hurricane represent one of the |
| triggered migration on such a huge scale. The | | | | best real estate investment opportunities in |
| sociological aspects of hurricane Katrina are | | | | recent history. No matter how you see it, the |
| what made this disaster unique. The large | | | | future in New Orleans looks bright! |
| migration of citizens is what triggered the | | | | |
| sharp fall in prices. Such an event is not | | | | Right now a once in a lifetime opportunity is |
| likely to happen again anytime soon. Florida | | | | happening on the Gulf Coast. |
| for example has seen more hurricanes and | | | | |
| still managed to survive. The price of New | | | | Smart real estate investors are taking |
| Orleans real estate has hit a low point, | | | | advantage of this opportunity in New Orleans |
| which is not very likely to ever hit again. | | | | right now. |