The Destruction The-morning-after Was So Devastating That Temporarily Lessened Population. The Wrath Of Hurricane Katrina Made S Population Larger Than That Of . Due To The Extensive Destruction Brought In By This Natural Calamity, The Number Of Homeless In Surged. Hundreds Of Thousands Of Displaced Residents Find Themselves Either In Shelters, Hospitals, Or Make-shift Shacks. Felt Like It Had Its Own Share Of Storm As Displaced People Started Pouring In: Dragging Along Their Grief, Hopelessness And Ire. The City Stood In The Limelight As The Homeless In Made It The Largest City In The State Of In A Single Night. Local Officials Have Foreseen That The Sudden Population Boom May Be A Permanent Thing. Real Estate Brokers Have Confirmed That Several Of These Homeless In Are Offering To Purchase Houses On The Spot. The Flood Of Displaced Individuals Created A Bit Of A Fragile Real Estate Bubble In The City. Housing Prices Have Escalated In As Well As In The Neighboring Cities. Rentals Have All But Gone As Those Displaced By The Hurricane Fled To For Safety. Experts Are Not Convinced Though That This Problem Is Long-term. The Unpredicted Boom Is Thought To Be As Less Widespread As It Was Perceived To Be. It Is Believed That The Issue Of Homeless In May Be Gone In A Years Time. Displaced Are Likely To Go Back To And Call It Their Home Once Again. By That Time, There Is Going To Be A Huge Real Estate Inventory. But Until Then, The Supply Wont Be Able To Cope Up With The Demand. May Have Been Merely Hit By The Windy Rains Of Katrina, But Her Biggest Impact Was Felt In The Aftermath. The Citys Infrastructure Can Basically Just Accommodate A Little Over Its Original Population. Thus, The Homeless In Has Made The City Experience Pressure On Real Estate Prices By Competing For Spaces. There Are Numerous Tales About The Homeless In And The Real Estate Bubble. However, According To Some Real Estate Professionals, Some Anecdotes Are Merely Hypothetical Observations. Nevertheless, They Agree That The Tags On Real Estate Wont Be Going Back Down For Quite A While.
