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Thinking of buying a condo in New Orleans, french quarter.

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Thinking of buying a condo in New Orleans, french quarter.

Old 07-07-2015, 07:55 PM
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Default Thinking of buying a condo in New Orleans, french quarter.

Went there last week and looked at a few places and found 1 I was interested in. I have noticed a fee thtr's that seem to be locals or know a bit about the area. Looking to get a local feel about the current and future market value of the area from someone in the area. Please share what you know. Thanks.
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Old 07-07-2015, 08:40 PM
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Can't help with New Orleans - been there once, that was enough - but make sure you look at the condo associations books to insure the financial status of the association. If there are no reserves, and there are owners not paying dues, walk away. Or run.
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Old 07-07-2015, 08:55 PM
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I love New Orleans and the French quarter for one night at a time about once every 18 months. I couldn't handle it that often. Hell I have never even been there on a weekend and it was insane.
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Old 07-07-2015, 09:10 PM
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I know of a new condo that has 4 units left for sale. It is nice, my parents are moving into their unit in a few weeks. [URL="http://www.425notredame.com/"]http://www.425notredame.com/[/URL

It is not in the French Quarter, but close enough. We went there for the 4th to watch the fireworks from the roof being shot from the dueling barges on the river.

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Old 07-07-2015, 09:37 PM
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I went for one night back in march and would never care to go back. The place was a total shithole that smelled and was filled with shady people. What are your plans for the condo?
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Old 07-08-2015, 04:21 AM
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It's not my favorite place either but a lot of people love it and the rental market seems good. I'm actually looking at 2 units which is an upstairs/downstairs in its own separate building. I just received the condo docs yesterday to read over.
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Old 07-08-2015, 04:48 AM
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Was there ONCE with the wife....We cut or vacation short after 2 nights! Place is a crime ridden shit hole. The "people" there are bizarre and the atmosphere is something we will never go back to. I would NEVER buy anything there except a plane ticket out for good. Think about what you are to enter into, and how "easy" it will be to getout of it. Yuck!
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Old 07-08-2015, 05:09 AM
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It used to be a fun place but now it is a festering, fetid cesspool of weirdness and filth
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Old 07-08-2015, 05:23 AM
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Used to have our fraternity formals there... after graduating I do not think I would go back except maybe for the superdome... Oh the memories
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Old 07-08-2015, 05:35 AM
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Make sure you get one with a good field of fire.
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Old 07-08-2015, 05:52 AM
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Originally Posted by ol guide View Post
It used to be a fun place but now it is a festering, fetid cesspool of weirdness and filth
This is a positive take.
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Old 07-08-2015, 06:31 AM
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Why there!
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Old 07-08-2015, 06:34 AM
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Originally Posted by ol guide View Post
It used to be a fun place but now it is a festering, fetid cesspool of weirdness and filth
How do you really feel about it?

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Old 07-08-2015, 08:53 AM
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The French Quarter is a great place if you like crime, smelling the aroma of stale beer, piss and vomit mixed together, you like transvestites and tourists showing up by the thousands to get more messed up than they have ever gotten in their lives. Oh, and then there is the police force. They are about as helpful as the military in Mexico is to the gringos.
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Old 07-08-2015, 09:57 AM
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French Quarter is great. There are many crazy folks and tourists, but mostly on and immediately around bourbon st. The streets are washed in the mornings with street sweepers to eliminate the night's festivities. Mornings are generally fairly quiet and the whole day can be cool. Look at the earlier post about the units available that border Magazine street. There is a ton of food, shops , cool places on Magazine and it's very close to the quarter. As far as land values in the quarter, it was the only place that somehow didn't flood down there in Katrina. It was my understanding that there has been a waiting list to buy at some locations in the quarter, driving the already high prices higher, or stabilizing them through hard times. Most of the residences are really old and private after entering the place from the street. Good luck. I don't live there but have traveled there quite often for pleasure or my wife's work events. There's much more to the city than Bourbon St. and even the Quarter, even though some of the local favorites outside the quarter were lost after Katrina.
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Old 07-08-2015, 10:07 AM
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I just spent 4 days in NOLA ... Cant imagine going back often.... But we did have fun.... and some good food... but the place is a hole....
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Old 07-08-2015, 10:47 AM
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Originally Posted by flyjag View Post
. As far as land values in the quarter, it was the only place that somehow didn't flood down there in Katrina.
This is by design. It's the oldest part of the city; and thus was build on the highest ground
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Old 07-08-2015, 10:59 AM
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I'd check to see who carries the Insurance on the building. Even though its a Condo Ass. you could be looking at some high flood Ins Premiums. Right now rental properties are all getting hit with a $250 increase and that just a start.
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Old 07-08-2015, 11:09 AM
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Originally Posted by D.M.D. View Post
Was there ONCE with the wife....We cut or vacation short after 2 nights! Place is a crime ridden shit hole. The "people" there are bizarre and the atmosphere is something we will never go back to. I would NEVER buy anything there except a plane ticket out for good. Think about what you are to enter into, and how "easy" it will be to getout of it. Yuck!
Exactly what I expected of that place! I've never had any desire to go there after seeing it on tv.
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Old 07-08-2015, 11:17 AM
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So much hate toward New Orleans on here. I'll be there in 2 weeks and again in August. I never stay more than 2 nights though.

NEW ORLEANS is a great city with a lot of history and some of the best food around. BOURBON st. is weird. No need to hate the entire city because of one half mile stretch of a road.
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