My NYC Black Folk......Gentrification

[360dagod]

I'm actually saving with my brother now to buy some property in BK, in an year or two we can be aggressive about it. I just won't live in the fukking south where I'll be surrounded by cacs who are still mad they lost the civil war. I don't mind paying a higher price for that

Its gonna get real interesting in the south as time moves on..
White America is scared of becoming the minority and I can see them pulling out all the stunts to keep the fear alive

 

[ZoeGod]

Its gonna get real interesting in the south as time moves on..
White America is scared of becoming the minority and I can see them pulling out all the stunts to keep the fear alive

Gentrification is happening everywhere up north(Philly, Chicago, Milwaukee, Detroit,Flint, NJ). It will get worse in 15 years. I expect a whole lot of black people moving down south. Black birth rates are higher then white birth rates in every state in the South except Louisiana. So we could in our lifetime see a majority black state in the South.

 

[capblk]

Break Out the Bubbly—Luxury Builder is Importing Jet Setters to the South Bronx for an Avant-Garde Party

New York’s trendiest real estate developer (Keith Rubenstein) and his trendy trophy wife (Inga) who have a trendy art collection (Koons, Hirst) have hired New York’s trendiest publicist (Nadine Johnson) and the trendiest downtown artist (Lucien Smith) plus the trendiest musicians (Know-Wave) to travel to The Bronx and stage a blowout party hard by the Harlem River waterfront.

What prompted this invasion of international nomads? If you think it has something to do with the fact that Mr. Rubenstein’s Somerset Partners and the Chetrit Group (who owns the Sony Building) recently paid $58 million for five acres of land in the shadow of the Third Avenue Bridge, where they plan to erect two towers with 1200 apartments, you might be getting warm.

How does one propagate the idea that the hip new place to live is a desolate industrial area in the poorest Congressional district in the nation? First, one commissions Nadine Johnson to throw a fabulous party for the Beautiful People. After that, things just fall into place.

According to the invitation, the artist will be unveiling a series of paintings titled “Macabre Suite”, which dovetails nicely with the ghoulish holiday. But don’t sniff too soon. Artsy.net reports that in 2014 Smith’s paintings generated at auction a total of 3.7 million dollars. That’ll buy a nice loft in the South Bronx. Or anywhere else.

So expect a gaggle of glittering guests to schlep to Mott Haven for this once-in-a-lifetime event. Russian oligarchs have invested in Keith Rubenstein’s ventures in the past and they probably will again— so expect the Stoli to flow, and a lot of long-legged beauties to circulate among the deep-pocketed revelers.

During the Cold War, people used to say, as a joke, “The Russians are coming.” Well now they’re here, as capitalists instead of communists, and they’re buying up everything in sight.

Who among us dreamt we’d live long enough to see the waves of gentrification wash ashore in the South Bronx? Keith Rubenstein did, and he’s making it happen.

Good for him. Welcome to The Bronx.

Break Out the Bubbly—Luxury Builder is Importing Jet Setters to the South Bronx for an Avant-Garde Party

 

[mcellas]

 

[ORDER_66]

Break Out the Bubbly—Luxury Builder is Importing Jet Setters to the South Bronx for an Avant-Garde Party


Break Out the Bubbly—Luxury Builder is Importing Jet Setters to the South Bronx for an Avant-Garde Party

I hope they get robbed...

 

[Humble (Not) Mike Tyson]

enjoy ATL breh where Georgia still issuing confederate flag plates

State with the largest employment rate, too...

 

[Da King]

State with the largest employment rate, too...

Employed doing what? Those numbers don't tell entire story

 

[Humble (Not) Mike Tyson]

Employed doing what? Those numbers don't tell entire story

Just referring to these numbers, brother.

Unemployment: Where does your state rank? - CNNMoney

 

[Willy Waffle]

Break Out the Bubbly—Luxury Builder is Importing Jet Setters to the South Bronx for an Avant-Garde Party


Break Out the Bubbly—Luxury Builder is Importing Jet Setters to the South Bronx for an Avant-Garde Party

i knew it once i read that article about that movie studio coming to the south bronx this shyt would happen. nikkkas keep thinking it can't happen to the bronx for some reason, i keep telling my aunt and uncle, it will be the last one that goes through the gentrification phase.

 

[Francis White]

I hope they get robbed...

That be the worst thing to happen, what is best that some locals get smart with a business plan and make money of it. Also if some locals come dressed up and look to network and get in on the action. That waving your fist and yelling isn't and never will do anything to help anyone's cause.

 

[88m3]

I've seen rent double where I am in Brooklyn in the last 4 years.


I think we're going to see another bubble pop in the next 4 years or less.


With all the building and high rises in Downtown opening over the next few years we should see rent stabilize and decline in Brownstone Brooklyn which would then spread to outlying neighborhoods.





If you're making less than 160k after taxes the situation is unsustainable unless you already own.

 

[Red Shield]

i knew it once i read that article about that movie studio coming to the south bronx this shyt would happen. nikkkas keep thinking it can't happen to the bronx for some reason, i keep telling my aunt and uncle, it will be the last one that goes through the gentrification phase.

Yea.. if they want you're shyt and you don't have the means to really fight them off. Then it is just a matter of time..

hell even then

 

[ogc163]

I've seen rent double where I am in Brooklyn in the last 4 years.


I think we're going to see another bubble pop in the next 4 years or less.


With all the building and high rises in Downtown opening over the next few years we should see rent stabilize and decline in Brownstone Brooklyn which would then spread to outlying neighborhoods.





If you're making less than 160k after taxes the situation is unsustainable unless you already own.

Nah was talking to my law professor a couple of days ago (rich ass securities lawyer), he invest and builds houses in Seattle and copped his deadbeat daughter a condo in BK for $700K in Williamsburg and he is banking on Chinese money to keep this bubble shyt afloat for the next couple of years. This is a bubble if we define bubble as asset inflation propped up by flawed debt/credit foundations, but it may take another 7-10 years for it to pop.

 

[ZoeGod]

Nah was talking to my law professor a couple of days ago (rich ass securities lawyer), he invest and builds houses in Seattle and copped his deadbeat daughter a condo in BK for $700K in Williamsburg and he is banking on Chinese money to keep this bubble shyt afloat for the next couple of years. This is a bubble if we define bubble as asset inflation propped up by flawed debt/credit foundations, but it may take another 7-10 years for it to pop.

Yeah i see it pop in 10 years because this isnt sustainable. I was on Atlantic yesterday and saw that big ass condo they are building across Atlantic station. The problem is that these condos are sometimes empty. There is alot of condos that are on the market and empty. There is one in Brooklyn chinatown near where i live at 8th ave. It aint selling mind you it was just built two years ago. So bad they put a massage parlor on the basement. Smh. This building boom isnt sustainable. It will pop.

 

[Wiles]

I was in NYC on vacation last week. Hipsters were walking through Harlem proudly and riding bikes through Bedstuy.

Yes nyc fell the fukk off. Nyc has nothing but crackers all the black people left...