My angle is they wouldnt be able to keep up. Which in turn is playing their hand and forcing em to sell. Which in turn still results in blacks leaving their homes and whites moving in.
I understand your point of potential financial acquisition. But It aint even about nikkas being stubborn. Its about, why the fukk do blacks have to be forced out of their residents and homes that they lived for decades. Just cause some rich white dude wants to be able to take a train to wall street quicker?
I missed this post and I do sympathize with you since this is something my mom and grandma has had to go through back home.
So I pose a question to you, if you were to own a building in NYC with 70 apartments...you have an opportunity to rent to 2 tenants.
Tenant 1 can pay $600 a month for the foreseeable future
Tenant 2 can pay $2000 a month for the foreseeable future
You don't know who they are, you don't know what race they are...who would you rather rent to?
Now, your point about forcing tenants out is a valid one and I will get personal yet again in this thread.
These scenarios in NYC happen all the time, you are a landlord who owns a property who has had a tenant for 20+ years...their rent is significantly lower than everyone else as a result. Why not offer an incentive to leave? Is this wrong? I am not sure it is, in fact I think if you play your cards right you can benefit greatly
IF you play your cards right.
My grandma was "forced out" or should I say...given a financial incentive to move about 14 years ago. What was the incentive? A huge cash bonus immediately upon moving out, now one might say that it's crazy to leave an apartment that you are only paying $150 or so per month in a desirable neighborhood in NYC, but my mom, myself, my sister, and my uncle advised her that it was probably a worthwhile move IF she would invest the money into a property that she can call her own.
What did she do? She took the money and ended up moving to the bronx. My grandma is on Social Security now and her years working takes care of all that stuff, the cash she received? She bought land AND started building a house in the Dominican Republic as a result...again there are opportunities out there, you just have to know when to take advantage of them. My grandma "Sold Out", but everyone started seeing the writing on the wall...she was in a position in where the rising cost was going to price her out eventually anyway and ended up in a much better position as a result of it.
I would assume that my mom will be in this position in about 4 years from now and seeing how my grandma handled it, the incentive to eventually "leave" Washington Heights will more than likely cover a nice chunk of a down-payment on a condo/house somewhere up there OR use the incentive with her savings to straight out BUY a house somewhere out west and retire comfortably if she pleases.