Gapers Block published from April 22, 2003 to Jan. 1, 2016. The site will remain up in archive form. Please visit Third Coast Review, a new site by several GB alumni.
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Tuesday, October 8
The recent economic downturn, to put it mildly, and the subsequent loss of "white collar" jobs have caused an unusually high foreclosure rate in some of the city's nicer neighborhoods, sometimes increasing at clips near 60%. This is a trend that usually precedes a real estate crisis -- which means it'll be a renter's market. Good for renters, bad for, well, everybody else.