The Myth of New Orleans's Affordability

New Orleans's Calliope housing projects in 2006, prior to demolition. (Lee Celano / Reuters)

In popular (and pricey) cities such as New York and San Francisco, the idea of outrageous rental prices is easy to grasp. These are the places that birth urban legends about awful housing situations: Three people living in a 400-square-foot studio, or a friend of a friend who’s paying $1,800 for a room that is, technically speaking, a closet. But dangerously high rent isn’t about just sticker...

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