My NYC Black Folk......Gentrification

[AB Ziggy]

Maybe because they are more recent immigrants than the ones in DC/MD?

Nah breh. One of my co-workers from Sierra Leone been here since 1988 and a bunch of his friends came around that same time period. It's always been like that back then and continues to be so today.

 

[BigMan]

Nah breh. One of my co-workers from Sierra Leone been here since 1988 and a bunch of his friends came around that same time period. It's always been like that back then and continues to be so today.

I've never had any issues with Africans around my age so the animosity on the coli is funny to me

 

[Retired Account]

Africans are a threat to Harlem's culture

Yep, Harlem isnt just another hood
They are a seperate culture and dont want to assimilate. More Africans changes the culture

 

[BigMan]

Yep, Harlem isnt just another hood
They are a seperate culture and dont want to assimilate. More Africans changes the culture

I'm interested in why you focus on Africans and not the thousands of ricans Dominicans whites and Chinese in Harlem

 

[mson]

I'm interested in why you focus on Africans and not the thousands of ricans Dominicans whites and Chinese in Harlem

I did bring it up. How many Chinese are in Harlem?

 

[Retired Account]

I'm interested in why you focus on Africans and not the thousands of ricans Dominicans whites and Chinese in Harlem

Someone brought it up not me
Im not hating, im just saying they're different

 

[BigMan]

I did bring it up. How many Chinese are in Harlem?

Chinese population is growing in the east side of Harlem

Someone brought it up not me
Im not hating, im just saying they're different

Who is more of "threat" to Harlem, whites Latinos or Africans

 

[mson]

Chinese population is growing in the east side of Harlem

 

[Retired Account]

Chinese population is growing in the east side of Harlem


Who is more of "threat" to Harlem, whites Latinos or Africans

I said Harlem is majority black anymore, there are a lot of whites and spanish. Someone replied and said dont sleep on the amount of Africans. I said Africans are different.

 

[stepbackj34spud]

Seen some building right around the corner from my crib.. 1 bed room apartments for rent $1600/$1700 a month
Mind you, this building is directly across the street from the projects.

 

[capblk]

Revealed: 2401 Third Avenue and 101 Lincoln Avenue, Massive South Bronx Residential Project

This project is entirely market-rate, and the fact that the developers are finally moving forward, a year and a half after filing plans, means they feel confident about residential rents in the South Bronx over the next few years. The development will come with a lengthy list of amenities, including a pet care room, lounge, “quiet room,” gym, event room, bike storage, and a third floor pool. The first building is scheduled to be complete in June of 2019, and the developers aim to finish the second building in December of 2019.

Revealed: 2401 Third Avenue and 101 Lincoln Avenue, Massive South Bronx Residential Project - New York YIMBY

 

[ORDER_66]

Revealed: 2401 Third Avenue and 101 Lincoln Avenue, Massive South Bronx Residential Project

Revealed: 2401 Third Avenue and 101 Lincoln Avenue, Massive South Bronx Residential Project - New York YIMBY

For wealthy residents only.... I.E. White and Rich...

 

[Francis White]

For wealthy residents only.... I.E. White and Rich...

You were expecting something different?

 

[ORDER_66]

You were expecting something different?

:trollol: I'm just saying...

 

[Retired Account]

New York's rental market is entering a 'slow grind'

• Akin Oyedele
  
• 7h
• 6,749

Al Bello/Getty

New York City's rental market is on track to continue cooling through the rest of the year, especially in the oversupplied luxury segment.

In February, rents for studios and one-, two-, and three-bedroom apartments in Manhattan all fell year-over-year, according to the real-estate appraiser Miller Samuel. This hadn't happened since at least September 2012, according to Jonathan Miller, the CEO of the firm.

The luxury market softened the most as developers focused most of their energies there and created more opulent apartments than were demanded. The cheaper end of the market remained static, but the slowdown in rental-price growth spread to the lower end.

"What that does in terms of the outlook for 2017 is that there's going to be a slow grind," Miller told Business Insider. "We're going to see rents continue to slip at least in the near term, and the weakest segment of the market will remain skewed to the high end because that's where all the new product is coming in."

Manhattan's median rental price fell 0.9% year-on-year to $3,350 in February. Median prices also fell in Brooklyn and Queens.

Even with these price drops, rental prices remained high and reached what Miller called an "affordability threshold." He said sales volume in nearby suburbs including Westchester and Fairfield was at multidecade highs from first-time buyers, people moving out of the city, and those looking to enlarge their living spaces.

"For the suburban boom to cool significantly you're going to have to see rents continue to fall," Miller said.

Landlord concessions like a month of free rent fell in February after hitting successive record highs in the prior four months. The share of new leases that included concessions was 26.4% in February, down from the peak of 30.9% in January.

It looks as if these concessions are working, at least to get tenants to renew their leases. The number of new leases was down 28% from a year ago. Miller Samuel's data captures only brand-new lease signings, and so that drop showed that more New Yorkers negotiated a good deal to extend their leases instead of moving, Miller said