[StBernard] Home values

[Westley Annis]

I was at the parish's accessor's office and was stunned to find
PRE-Katrina 
values of homes in my area at $93,000 rather than what I thought was 
$130,000! Above Genie St from Lyndell to Karen.

Values were hovering $110,000 ten years ago, it seemed, and the market
was 
strong being a Seller's market with people looking for homes in that
area of 
Chalmette. Why did the values drop prior to Katrina? It's important
because 
any buyout is based on PRE-Katrina Valued home prices and if buyouts 
become reality, people will not have enough to seek another home,
especially 
if there are seniors, disabled, etc. who might have paid off their home,
or 
where loans are not an option to them to meet what would be needed for 
another home away from that area.

Suggestions? Comments?

Jer.