(The Center Square) − The city of New Orleans has poured tens of millions of dollars into building and subsidizing housing since 2020, but the city’s real estate market remains among the worst in the country for metropolitan areas.
That’s because constructing more affordable housing with city subsidies doesn’t address the real issue.
“Population growth is one of the quickest cures to real estate problems,” the University of Mississippi wrote in a blog. “Unfortunately for New Orleans, the city has experienced a decline of 3.3% in population over the last 10 years. So, the population of New Orleans is going in the wrong direction to help the city’s housing market.”…