On paper, it sounds promising: mixed-use developments, public-private partnerships, promises of affordable housing, jobs, and revitalization. But behind the glossy renderings and developer talking points lies a harsh truth—New Orleans is being systematically repackaged and sold to outside investors while long-standing residents are being priced out, pushed out, and left out of the decision-making process. […]
This wave of speculative purchasing is reshaping the city’s landscape and pushing long-time residents out of the neighborhoods they’ve called home for generations. The Rise of Investor-Driven Real Estate A significant share of New Orleans real estate transactions now involve buyers from out of state or overseas. According to recent national studies, foreign buyers invested […]
New Orleans is facing a housing crisis driven by rising rent in New Orleans, displacing many of its lifelong residents. As rental prices soar, the fabric of neighborhoods is unraveling, leaving us to question: What is the true cost of this upheaval? The Data Behind the Crisis Recent statistics reveal a troubling trend. According to […]
Gentrification has become one of the most hotly debated urban issues in America—but nowhere is the conversation more raw, more visible, or more urgent than in New Orleans. A city once known for its affordability, culture, and working-class spirit is now grappling with rising rents, displacement, and the deep tensions that come with change. So […]
Developers always show up with a shiny pitch, promising jobs, revitalization, progress. They show renderings of modern buildings, happy families, and green spaces that somehow only show up after the fact—if at all, reflecting the reality of real estate development in New Orleans. But here in New Orleans, we’ve seen this show before. When developers […]
The unfortunate reality is that New Orleans’ current short-term rental laws don’t just curb corporate greed—they redirect profits from individual homeowners straight into the pockets of massive hotel corporations. In my previous op-ed, I argued that the city’s restrictions have gone too far, but I want to clarify that my position is not a blanket […]
By prioritizing corporate hotel profits over the economic survival of working- and middle-class homeowners, New Orleans politicians have made a catastrophic mistake. The city’s draconian short-term rental (STR) laws, once intended to curb corporate greed, have instead become an economic stranglehold on residents who rely on STR income to stay afloat in an increasingly unaffordable […]
On Thursday, New Orleans City Council President JP Morrell and Council Vice President Helena Moreno introduced legislation to ban all non-commercial short-term rentals (STRs) in New Orleans residential areas.
In May of 2020, the Cantrell Administration warned of a major economic shortfall in city government. The City of New Orleans maintained a hiring freeze, reduced trash pickup, and warned that some employees might be forced to retire early. Despite this, the City of New Orleans created a new office – expanding the original deputy […]
Short term rentals (STRs) have been something of a blessing and a curse for New Orleans. On the one hand, they provide a relatively easy addition income for New Orleans homeowners – many of whom earn as little as 14 percent below the national average in wages each year – and a cheaper, convenient place […]
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