My NYC Black Folk......Gentrification

2manyFCKNrappers

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It's mostly renters. Even the white people rent more than own. Harlem houses prices ( especially central Harlem), can go for a million.

But to be fair, you can buy a good size apartment ( 2br+) in Harlem for. Very affordable price. The black people who work in Manhattan have the money, it's their call how they spend it.

:stopitslime:

No the fukk you can't and no they don't
 

2manyFCKNrappers

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It's mostly renters. Even the white people rent more than own. Harlem houses prices ( especially central Harlem), can go for a million.

But to be fair, you can buy a good size apartment ( 2br+) in Harlem for. Very affordable price. The black people who work in Manhattan have the money, it's their call how they spend it.

:stopitslime:

No the fukk you can't and no they don't
 

Wild self

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Obviously. But how many "well of" blacks make up the true culture of NYC? There aren't many affluent blacks living in NYC and they damn sure don't give a fukk what's going on with the lower classes.

Most blacks with money move down south to make their dollar spread.
 

2manyFCKNrappers

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You can buy a two bedroom apartment in Harlem for 250k breh. That's actually a good deal in Manhattan.

So the average black family in NY has 25k to 50k to make a down payment on a 2BR condo? Do they even have the credit to get a fair interest rate on a mortgage so they don't default later? Do most of them have the income to pay a mortgage along with the higher cost of living that's rising every other month? :comeon:


The answer is no. You're delusional. Also, if black people are putting that kind of money down they don't want a damn condo. The want a house.
 

2manyFCKNrappers

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out in BK and queens

Maybe there's more in the suburbs but people think that all black New Yorkers live in projects and that's not true

Nobody is suggesting that all black people live in the projects. Many of the black homeowners that live out in brooklyn and queens are leaving in massive numbers. My grandmother is a realtor who works in Brooklyn in Queens and this is all she has spoke about for the past decade. Also, the demographic of young black homeowners in NYC is very small. While many blacks may not live in projects lots of them are living in HUD buildings. My ex was living in a HUD building where the owner had 2 properties in Harlem and a few others out in Brooklyn. He chose not to renew the HUD contract for the usual 5 years and only opted for 1. He wasn't even going to renew the contract at all but some community outreach people came knocking on the doors in her building one day to notify the tenants that he was not planning to renew. Someof the apartments in her building were market rent but many had subsidies. Once the HUD contract was lost, all the apartments in the building would go to market rent in a few months time. He already did it to the 2 buildings in Brooklyn and it was too late for the tenants to do anything.

This is a situation where black people are being strategically priced out overnight and it's very common. Even if it's not a HUD situation then it's a rent stabilization situation where the price of the rent goes up dramatically and the income does not. The black homeowners to black renters ratio is insanely lopsided. You're talking about a last foothold of homeowners in Brooklyn who are still in Flatbush and some parts of Brownsville then you've got some out in Jamaica and Cambria Heights, but that's a very small number in the grand scheme of things.

You don't know what you're talking about.
 

BigMan

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Nobody is suggesting that all black people live in the projects. Many of the black homeowners that live out in brooklyn and queens are leaving in massive numbers. My grandmother is a realtor who works in Brooklyn in Queens and this is all she has spoke about for the past decade. Also, the demographic of young black homeowners in NYC is very small. While many blacks may not live in projects lots of them are living in HUD buildings. My ex was living in a HUD building where the owner had 2 properties in Harlem and a few others out in Brooklyn. He chose not to renew the HUD contract for the usual 5 years and only opted for 1. He wasn't even going to renew the contract at all but some community outreach people came knocking on the doors in her building one day to notify the tenants that he was not planning to renew. Someof the apartments in her building were market rent but many had subsidies. Once the HUD contract was lost, all the apartments in the building would go to market rent in a few months time. He already did it to the 2 buildings in Brooklyn and it was too late for the tenants to do anything.

This is a situation where black people are being strategically priced out overnight and it's very common. Even if it's not a HUD situation then it's a rent stabilization situation where the price of the rent goes up dramatically and the income does not. The black homeowners to black renters ratio is insanely lopsided. You're talking about a last foothold of homeowners in Brooklyn who are still in Flatbush and some parts of Brownsville then you've got some out in Jamaica and Cambria Heights, but that's a very small number in the grand scheme of things.

You don't know what you're talking about.
You got it bruh

Neeghas is poor. Everyone is moving south . Places like Canarse and Dlatlands are filled with Russians
 
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