Speculators Rush to New Orleans; Blacks Fear Gentrification
In some ways, Hurricane Katrina seems to have taken a vibrant real estate market and made it hotter. Large sections of the city are underwater, but that's only increasing the demand for dry houses. And in flooded areas, speculators are trying to buy properties on the cheap, hoping that the redevelopment of New Orleans will start a boom. Many of the city's poorest residents could end up being forced out.
http://www.truthout.org/docs_2005/091505B.shtml
http://www.truthout.org/docs_2005/091505B.shtml
Starmail - 16. Sep, 00:12
