Inglewood Gentrification Accelerating

[Nintendough]

7833 West Blvd, Inglewood, CA 90305 | MLS #SB19021508 | Zillow

Most basic houses are over a half million in Inglewood. The hell is y'all doing where a basic house cost that much? How does it get to that point?

There are spots in North Jersey where rowhomes that were once the hood are "brownstones and lofts" now. Old crack houses. Becauwe they face the skylije and the Hudson, 800k or more. When white folks put value on something, prices go up. When white folks decide they wanna run to the burbs again, the city will be dirt cheap again. That's why I bought a house in the burbs and my street is 70% black. White folks aint about to come and take my street. We own it. No renting.

 

[Amestafuu (Emeritus)]

I agree with this but the residents also have to have income commensurate with being able to invest. Median household income in Inglewood is 25% below national average, so another part of this problem is that there has to be greater opportunity for the poor to advance out of poverty!

All facts and I don't blame em it's just how it is most places now and only foresight can save anyone from the inevitable. Hence why what Nip was teaching was so essential.

 

[Tigron]

Isn’t that illegal?

 

[MenacingMonk]

The rich stay fukking with the less fortunate

 

[calixprynce]

Isn’t that illegal?

no . i guess they didnt have rental caps at the time

 

[King Poetic]

My hometown

Grew up in the bottoms but moved around by the forum

Prices was skyrocketing way before the stadium started... once news broke out that the rams might be coming back, landlords was raising rent

On My street,,,,homes are black owned and passed down since the 70s

But with demand I see people selling they homes for a good price and break out of Cali

 

[calixprynce]

I agree with this too, places in Upstate NY and Ohio are cheap too...

I'm taking my money back to California once I've built and stabilized to a level to do so. It is important to me to invest into California as a black man watching the concerted displacement of Black California. I've thought of buying homes in other places but besides NC, it will be in California...

When do you think the next crash will be?

 

[murksiderock]

When do you think the next crash will be?

I'm not sure, I'm not really literate in the markets like that. But I hope its soon...

I believe with all my heart this will reverse itself at some point, because the rate of increase isn't sustainable for any healthy population. And I believe when that bubble bursts, we will see a return migration of blacks to California to some degree. Cali has everything and when the biggest factor causing blacks to leave (gentrification/lack of rent control) is stymied, there will be 1000 reasons drawing blacks back to our state!

 

[Reece]

7833 West Blvd, Inglewood, CA 90305 | MLS #SB19021508 | Zillow

Most basic houses are over a half million in Inglewood. The hell is y'all doing where a basic house cost that much? How does it get to that point?

Real estate speculators from across the globe + every rich person across the globe wanting to live in LA. Puts abnormal demand on housing.

 

[kevin arnold]

 

[Ezekiel 25:17]

There are spots in North Jersey where rowhomes that were once the hood are "brownstones and lofts" now. Old crack houses. Becauwe they face the skylije and the Hudson, 800k or more. When white folks put value on something, prices go up. When white folks decide they wanna run to the burbs again, the city will be dirt cheap again. That's why I bought a house in the burbs and my street is 70% black. White folks aint about to come and take my street. We own it. No renting.

Black property can cost just as much. The violence scares educated blacks away, along with businesses. People with money and Businesses is how property value grows

 

[agpxknt]

"Tomisha Pinson, who lives next door to the new L.A. Rams and Chargers stadium and entertainment complex, received a notice that the monthly rent on her two-bedroom Inglewood apartment would spike from $1,145 to $2,725."

jesus fukkin christ

 

[Tigron]

no . i guess they didnt have rental caps at the time

You right I just looked it up.

It’s open season on renters out there

 

[AuntAnniesPretzels]

Wish they built that uglass stadium in Lennox instead and leave the black folk alone for once

 

[Mr. Glass]

I just copped a house down off of Manchester, in LA, but next door to Inglewood. I'm trying to ride this wave, Brehs. Let's get in here and get this money too. Don't let whites be the only ones who prosper.