The New Orleans real estate market continues to look very positive. The overall upturn has been positive for buyers. This is the fourth month in a row we have been seeing a rise in home sales throughout the city.
We’ve been seeing the same thing happen in our market, and that is that the increase in home sales has been primarily driven by a surge in investment properties. In our area, the number of investment properties has risen by more than 20% year over year.
That is good news for those of us looking to buy a new home but bad news for those who are hoping to sell. The problem is the problem is that property values are going down. The problem is that the value of property is going down. The problem with the value of property is that most people don’t know how to value property, and that’s bad. Because if you don’t know the value of property, you can’t value it correctly.
We can learn a lot from the recent crisis in the real estate industry. In that crisis, banks and investors put up their own money to buy up properties on the secondary market, at a discount to the original purchase price. It took the banks months to realize this, but they did. So what you see is that the real estate market has gone from a bubble to a depression.
The bubble was when the banks started buying up hundreds of thousands of homes at face value. This was the bubble that caused home prices to soar, and caused many homeowners to fail to make their payments in time. The bubble is now a depression because the banks are now unable to sell a significant amount of those homes, and the money they invested in the market is now worthless. It is a very similar situation with the real estate market.
The bubble was because the banks started buying the homes at face value. They bought homes at the highest price possible with the hope that their investment would be repaid back with the higher price. Now, they are unable to sell those homes because the banks are unable to even buy them. They’re gone and their houses are now worth less than what they paid for them. It is a very similar situation with the real estate market.
The housing bubble is over. The banks have not only run out of money but they have run out of buyers. The real estate market is back to where it was at the beginning of the bubble. The biggest losers are the homeowners.
What republic finance New Orleans does is that it just takes the houses from the banks and repurposes them in a different way.
Well, I guess. And there is no other way to make a profit on a house than to sell it. But the banks can’t sell their houses for less than their original price. And they are not going to be able to sell them for less than the value of what they paid for them. And the banks are going to be very unhappy with what they are getting for their houses.
The banks have an inbuilt incentive to avoid repurposing houses for the sake of their own profit. But republic finance New Orleans goes one step further and repurposes the houses in a way that helps the banks. As we saw in the trailer, republic finance New Orleans goes out of its way to be the most expensive house in the city. Which means that it costs the banks less to repurpose a house than it would if they bought it outright.
