Is blacks at NY starting to build a economic base over there or is everyone just saying it with no action?
I think the problem is lack of pride in ownership. Throughout fort greene clinton hill bedstuy (other than the big apartment buildings) most of the owners were black.
But as demand increased they were getting all cash offers in the millions for their brownstone (whereas in the crack era they bought the same home for probably 150k).
So a lot of them sold. And these Jews are still that persistent. Mass mailing every home on the block making all cash above market offers to buy a run down brownstone AS-IS.
That's the problem.
Further. If you notice it's the hipster/young-families that are the gentrifiers. What's the common denominator? The youth.
Young cacs made a vegan/rustic/thrifty culture called hipster culture and that is what has taken over. As black people we have no "youth culture" that has an economic market that can impact real estate. Music we have. Urban fashion we used to have. But a presence in real estate we don't.
This hipster culture prides itself on "slumming it", and living together dorm style.this in turn created a demand for shytty real estate hence the neighborhood takeovers. Williamsburg was an industrial shythole. Bushwick was an industrial shythole. DUMBO, was where The mob dumped bodies and druglords like Jay Z picked up 92 bricks of cocaine. But these hipsters wanted to pose like the underclass so they moved into them. As the demand steadily increased came the yuppies. Hence the opening up of bars/restaurants, and corporate america calls this development.
Whereas blacks, we tend to stay with our families, so our neighborhoods remain working class.
Last month on some random tip I walked the length of Williamsburg into Bushwick. Ate at some good restaurants, checked out some vintage shops and I thought, if I was a 25 year old cac, this place is heaven. It's perfect. it's literally a whole neighborhood built and dedicated to the youth. To live, socialize, eat good, party, get drunk and bullshyt. It's college post-college
It got me halfway depressed, because with how influential black american culture is, there is NO reason why young black brehs can't have the equivalent to Williamsburg.