New Orleans is a great place for a second home. People enjoy the many, many things that New Orleans has to offer. Its a great place to visit and share with a family. You do not need to drive miles and miles to get places. Just walk and take the streetcar.

    One trend that we see more and more is people living here and then in another city part of the year. Most of these people have some attachment to New Orleans.  

      A condo is more affordable than a home. You can have a 200k condo in a neighborhood of million dollar homes. Its more carefree if you are working hard and traveling a lot. Its a quality of life issue.

 

      Many time owning is cheaper than rent. You are building equity, taking the interest deductionon your taxes plus city taxes. Many times enjoying the appreciation of the market.

     May time a home is just too much to keep up.  Many of the home upkeep issues are handled by the condo association. This can be a great life for an older couple or older person alone.  Being around other people makes for a loner and happier life.

 Going to School for Several Years

      Its a great way to house a student for several years and save money. The student  can have a room mate or the parents and the family can have a place to visit. Many parents that help their kids hang on to the condo for a secodn home or to rent. 

    The people who live close by in places like Jackson, Baton Rouge, Kenner, Metairie, Houma, Mandeville, Slidell, and other close places come to their condos very often. This trend has picked up as kids leave home and parents can spend on themselves.

       Many people work in New orleans a lot but do not have a home here. It often makes sense to buy a condo rather than stay in a hotel. They use it much like a second home. We see more people working contracts with companies where they are here for several months and then o home.  The movie and oil business uses a lot of contract employees these days.