09/26/2005 Issue

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Certain Post-Hurricane Katrina Gulf Assets Are Hot—But for How Long?
By Erika Morphy

Re-Max real estate agent Scott Maurer is on a mission these days, scouring the Baton Rouge real estate market for housing that can be turned into rental units for displaced New Orleanians. He has purchased four houses sight unseen from his office in downtown San Diego—and has even cancelled pending purchases there to use the funds in Baton Rouge. His plan? Simply to purchase as much as he and his partners can afford in the state's capital and now largest city in Louisiana.


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