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