We Are Not OK


Comments (5)

From my memory -- Nightline 8/29/2006 "Terry Moran in New Orleans"

Moran:  How much have real estate prices increased since Katrina?

NO Developer:  (Silence)

Moran:  50%?

NO Developer:  Around that.  They've come down a bit since the Spring.

 

Not too bad, eh wot? 

Can you be a little less cryptic? You can't possibly be saying that because the 20% of houses that didn't flood are in demand (because nobody else has a place to live) that things are going well? Please tell me you're not saying that.

Put it this way.  Seems like a certain segment of the community is enthusiastic about the future of New Orleans.  Indeed, sounds like this bunch is not just "OK" but AOK.

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Well, I now own one of those dry houses, along with a whopping mortgage and an home insurance rate well over 1%. And my utility bills (already up 50% since the flood) may go up another 150%.

Whoop-t-fucking-doo.

Yes, people with dry houses are making money if they want to sell them, but there aren't that many for sale. And you can't get insurance to buy a flooded house.

Things are definitely Not OK.

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We're definitely not okay. I drove around over the Labor Day weekend and filmed the city's lack of progress. I"m not much of a film maker, but if you're curious or want to send it along to people that claim New Orleans is progressing, check it out at http://katrina.frobba.com

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