Ironic.

ABC 7 News - New Orleans Real Estate Market Booming:

"The 2,200-square-foot house promises three spacious bedrooms and two-and-a-half baths - a bargain at $175,000. Except for the fact that the home, located in one of this city's previously elegant neighborhoods, has been gutted to the studs and has no drywall, no wallboard, no fixtures. 'Home was flooded by Katrina,' reads the advertisement posted by the listing agent at one of the city's largest real estate firms. 'Ready to turn into your dream home.'"

New Orleans real estate market is BOOMING?!