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