As destroyed as that city is...... you could probably buy dirt cheap but I don't forsee any building being done as you would probably fall toward the bottom of the list..... even hiring your own would be near impossible.... due to the problems and the fact far more people, with much more money than you have will be hiring the workers away, and equip[ment will probably be hard to find among the many other obstacles...... ask people in Fla. about roofers....
Then you would probably be heavily taxed as the city government and federals and state would see the "carpetbaggers" and tax the hell out of them to rebuild the infrastructure.
My opinion, the risk is by far greater than any reward..... and if the reward was great, it would be a very long time before you even catch a sniff of it.
Besides, I'm sure there are corporations and people with HUGE bucks looking into your very idea.
If I were you and I had money to invest, I'd be putting it into companies that are going to be working on the rebuilding of New Orleans. Invest in land surveyors, engineers, architects, and those types of companies, there will be a few out there needing investors for equipment and such.
In a weird way, this may actually help the economy by giving 1000's jobs to rebuild the city. Have a feeling that area will see a nice economic boom..... but will it last? Will people put money into it????? Doubtful, places like Gulfport, and the like, maybe a better investment..... they are actually above sea level.....
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
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