Hot off the Press from the Gustav damaged MEMA auction
The auction of the flooded MEMA cottages was this weekend in Louisianna – and the prices went off the board of expectations:
Highest three bedroom was $34,000
Lowest three bedroom was $18,500
Highest two bedroom was $27,000
Lowest two bedroom was $16,500
Highest one bedroom was $19,500
Lowest one bedroom was $7,500
These are extremely hot and popular housing options and are fast becoming a “fad” outside the Katrina impacted zone. So many of these units were in very bad shape with extensive mold damage. But still the prices were sky high.
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