My NYC Black Folk......Gentrification

[frush11]

People were too busy with 90s Hip-Hop and hood life back then to even think about buying property. That's what happens when wealth is not created. Especially for the Black Americans who are now forced to move down south.

So every Black adult in NYC was only thinking about Rap and hood life. Come on bruh, some off your wild generalizations are just ridiculous and down right embarrassing.

 

[Wild self]

So every Black adult in NYC was only thinking about Rap and hood life. Come on bruh, some off your wild generalizations are just ridiculous and down right embarrassing.

Let's be seruous, if more of us got serious with owning shyt when cost of living was cheap, this thread and this situation of gentrification wouldn't exist. We dropped the ball something serious back then and it cost us like 3 generations of back peddling in wealth building.

For some people that still talk about lowering RENT when OWNERSHIP is not in their vocab.

 

[Street Knowledge]

 

[capblk]

Apartments would rent for around $45 a square foot, about $3,750 a month for a 1,000-square-foot one-bedroom, according to Keith Rubenstein, the president of Somerset Partners, which is developing the property with the Chetrit Group. And the JCAL Development Group is building two multifamily market-rate properties on Alexander Avenue; last year JCAL opened a small four-story apartment house, also market-rate, on Bruckner Boulevard. “You have to be a believer,” said Mr. Rubenstein, who hopes to rebrand the waterfront area as the piano district, in a nod to its piano-manufacturing roots.

Today, apartments at the Clock Tower rent for as much as $3,500 a month, according to Isaac Jacobs, the vice president of Carnegie Management. Next month, Carnegie Management will break ground on a 160-unit market-rate rental building behind the Clock Tower.

Somerset has been buying and leasing storefronts near its development, courting trendy Manhattan retailers to venture north. Already, the company has convinced Douglas Rodriguez, the chef behind Patria and Chicama, Nuevo Latino restaurants in Manhattan, to open two restaurants in a 14-unit rental building being built on Alexander Avenue.

The restaurants, one for takeout and the other for formal dining, will open next summer. And in December, the owners of the popular Harlem coffee shop Filtered will open a location on Third Avenue called Filtered Bronx.

On a steamy summer afternoon, Mr. Rubenstein showed the young fashion designer Jérôme LaMaar a raw space on Bruckner Boulevard for a potential retail store. “What do you think?” he asked Mr. LaMaar. “We’ll demo it out, make it cool.”

“I can see it. I can see the change,” said Mr. LaMaar, whose clothes have been worn by Beyoncé. “It’s going to be amazing.”

http://www.nytimes.com/2015/09/20/realestate/the-south-bronx-beckons.html

“We need green space first and foremost,” said Mr. Johnson of South Bronx Unite. “We’ve seen development happen and then green space is created, but the mind-set is that it’s not for those who already live there — it’s for those who are coming.”
“People who are able to buy are buying, and people who are renting then have to move someplace else because they are really being pushed,” said Leena-Maija Rossi, 53, who has been renting in the South Bronx since 2011. “You know the song and dance.”

 

[Chef]

Jamaica, Queens.... We still pretty strong out here...

I've been talking crazy amount of shyt about how Jamaica has been solid for the past few years then I saw the Starbucks near Jamaica Hospital.

Walked out with a cappuccino.

I thought it was mostly white people I guess those Chinese billionaires are coming over scooping shyt up. My friend met an asian girl who's father owns one of those copper salvage companies. I caught a glimpse of that trust fund money and it was . I need to look more into this.

 

[Cave Savage]

I've been talking crazy amount of shyt about how Jamaica has been solid for the past few years then I saw the Starbucks near Jamaica Hospital.

Walked out with a cappuccino.


I thought it was mostly white people I guess those Chinese billionaires are coming over scooping shyt up. My friend met an asian girl who's father owns one of those copper salvage companies. I caught a glimpse of that trust fund money and it was . I need to look more into this.

It just means that Asians in NYC are more likely than other groups to own their dwelling rather than renting it

 

[BigMan]

this thread so depressing

but to the lurker there's still millions of blacks in NYC and no they don't all live in the projects

 

[I Lord Justice]

So every Black adult in NYC was only thinking about Rap and hood life. Come on bruh, some off your wild generalizations are just ridiculous and down right embarrassing.

Dude is one of the most whiniest self important negroes here.

He done lapped mrken or whateverthefukkhisnameis twice

 

[ORDER_66]

Answer me this brehs, how does foreclosure work because im looking to come into some money by next year i'm checking these listings people are really selling these houses for 5G's??? tell me i'm going crazy...

 

[Dushane Hill]

also NYC AA Brehs where are the AA neighborhoods in NYC? i know Harlem (whites, Messicans, Africans, Dominicans, and PR too) and Bed Stuy (whites and Caribbean also) but any other predominantly AA neighborhoods. most of the black neighborhoods in BK seem Caribbean majority

Brownsville? East NY?

 

[Cave Savage]

also NYC AA Brehs where are the AA neighborhoods in NYC? i know Harlem (whites, Messicans, Africans, Dominicans, and PR too) and Bed Stuy (whites and Caribbean also) but any other predominantly AA neighborhoods. most of the black neighborhoods in BK seem Caribbean majority

The AA and West Indian population in NYC is pretty intertwined

 

[BigMan]

The AA and West Indian population in NYC is pretty intertwined

Yeah i know, especially in Brooklyn

 

[360dagod]

183rd and the Concourse..

Cac just jogging with no fukks given

Even the Dominicans at the barbershop were like

I know nikkas think im lying, but im really not

 

[Cave Savage]

183rd and the Concourse..

Cac just jogging with no fukks given

Even the Dominicans at the barbershop were like

I know nikkas think im lying, but im really not

White people being anywhere in NYC shouldn't surprise you anymore

 

[360dagod]

White people being anywhere in NYC shouldn't surprise you anymore

Your right..

But the initialfeeling cant be helped..

they are like bed bugs