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September 09, 2005
Is New Orleans Worth Rebuilding?
A number of factors mitigate against New Orleans becoming viable. The city’s geographical condition - low-lying, over-settled, ex-swamp, hurricane-prone - means that hurricane Katrina isn’t necessarily the worst it can get. Many of those with home insurance may realise this and decide to rebuild elsewhere - that will include many of New Orleans’ main professionals - and tax-payers: doctors, lawyers, professors and so on. The Wall Street Journal thinks many businesses will relocate completely.
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Posted on September 9, 2005 05:39 AM by Home I82.
Filed in Mortgage Calculator under home insurance.
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