Hi all, I live with my parents and I want to be separate, that’s the reason am desperate to buy my own place. I cannot afford much but if the necessity arises I can go for finance. Do you people have any good ideas that can help me to get my dream house? Your help would be greatly appreciated. Thanks in advance for your advice!
My advice is to wait at least a year before buying. Home prices are still falling and will probably not bottom out for quite some time. Stay on top of the economic picture by reading magazines such as the Economist. They have accurately predicted the current housing bubble.
New Orleans is totally under sea level and the local authorities refuse to fix the levees properly or require homes to be on stilts. I'd recommend buying a place just outside of New Orleans where the floods aren't so dangerous and be sure the house is built to maximum standards. Then visit the city as often as you like.
Or rent a place in the city (in addition to buying buying in a nearby safe area) and have a motorcycle at the rental to provide fast exit if needed. You can use it to cut traffic in an evacuation.