Big Payoffs for Big Easy Investors?
Just days after Hurricane Katrina struck New Orleans, real esatate investors began posting dozens of inquiries about properties for sale on the craigslist.org Web site, hoping speculation purchases would result in pay offs down the road. These so-called property "vultures" may be behind a 45% rise in investor inquiries for properties in Louisiana, Mississippi and Alabama reports LoopNet and echoed by The Boston Globe last week.