My NYC Black Folk......Gentrification

[ogc163]

because it snt in the interests of the land developmers to build housing for someone thats "affordable"

housing is tied up in investment and that value is used to maximize portfolios and assets ...IOW if the real estate/housing has high value then they in turn have increased value as an asset

increased housing supply means what? lower value

and if my wealth is dependant on the valuation of my real estate holdings then im not gonna do that

if you only cater to the upper third of people who can easily afford homes /apts - then you can be assured of steady revenue( ie people who can pay a mortgage / rent ) - it means you are always supporting things like the housing supply mkt because builders and construction will have a steady stream of higher end construction to complete- a limited amount of building for only high end construction means they can charge more for projects it also means an increase demand on supplies which means again revenue for supplies will increase....think about even now whats happened to the secondary mkt for homes - you can put your home up for sale and it can be sold in a week not months or years like what occured in 2008 .... increased housing value means theres more in the form of taxes that the govt can collect- if most of your homes are valued at 300K or more - it would be terrible for those homes to lose value by increased supply because that means less taxes that can be collected....

building for what the lower or lowest earners can afford just means a lot of institutions civil and investment would undercut their monentary intrests because they need real estate to make a profit-

real estate firms and investment companies would be shooting them selves in the foot creating a massive amount of housing in the form of increased amounts of apts or increased single family homes-

it would be great of people who dont earn much because prices would fall - but from a rich persons perspective- why the fukk would they care about what people who cant afford much can easily do or dont do? or want a falling price for what they want to make the most profit off of???

This whole post defies basic concepts like supply, demand, and most importantly opportunity costs. There are several reasons why more housing hasn't been built and you decided to focus on the low hanging fruit with the predictable greedy developers trope.

Smh this board is sorely lacking in original thought.

 

[shonuff]

im not writing a script or a fantasy - so it cant be a "trope"

im merely pointing out that cheap housing isnt in a LOT of folks interests who are best capable of enacting a real affect to increased housing costs - those intrests are both private and public and the ....naivete of the twitter post to reduce the housing issues to " lets just build more housing"

if you have some proof of how more affordable housing can be successfully built sans developers suppliers and industry that tethered very solidly with being a investment vehicle with a purpose to return profits or be an appreciating asset to trade on .....

fukking post up already .....

 

[mson]

What Gentrification Means for Black Homeowners

 

[88m3]

The Resilience of New York’s Black Homeowners

What Gentrification Means for Black Homeowners

 

[shonuff]

From the comments section

comment page, seems to completely miss the point. The point is that there ISN'T a trend of Black families moving into neighborhoods on the socio-economic rise, displacing white families. Now think about why the phenomenon described in the article is commonplace and the hypothetical situation you proposed is not. The answer's right there

 

[mson]

Brooklyn is the gentrification capital of America. This $256 million experiment tries to change that

 

[RubioTheCruel]

Brooklyn is the gentrification capital of America. This $256 million experiment tries to change that

I live maybe a block away from the Armory on Herkimer, gonna check it out once it's done. They've been working on it for a long time

 

[88m3]

they're about to turn Atlantic Ave into another 4th Ave incase anyone missed the writing on the wall


local reps completely caved for money

 

[mson]

they're about to turn Atlantic Ave into another 4th Ave incase anyone missed the writing on the wall


local reps completely caved for money

What do you mean?

 

[88m3]

What do you mean?

Approving multiple 17 story towers in Crown Heights and Bed Stuy under the guise of affordable housing

Atlantic looks like crap but more affordable housing for the wealthy seems like a miss. Especially in a less dense area that has a lot of other issues to address.

Aesthetically it's probably going to look like shyt too but that's a secondary concern

 

[88m3]

Brooklyn needs a lot of affordable condos/co-ops so people can actually put down down roots but I don't know how that can be done without abuse and gentrification

these affordable housing schemes are just a giveaway to developers and wealthy renters

 

[mson]

Approving multiple 17 story towers in Crown Heights and Bed Stuy under the guise of affordable housing

Atlantic looks like crap but more affordable housing for the wealthy seems like a miss. Especially in a less dense area that has a lot of other issues to address.

Aesthetically it's probably going to look like shyt too but that's a secondary concern

Got you. Many of those single story commercial buildings are on borrowed time.

 

[morris]

Brooklyn needs a lot of affordable condos/co-ops so people can actually put down down roots but I don't know how that can be done without abuse and gentrification

these affordable housing schemes are just a giveaway to developers and wealthy renters

has been and will be a crock of shyt. Mostly meant for retirees who saved/invested well AND are on a fixed income OR a young person who INHERITED all their money.

That's what you'll see when you read the fine print for "affordable housing" under ANY name in NYC (HDC or whatever the duck, same guise different acronym)

 

[88m3]

Supertall Buildings, Super-Complicated Concerns

 

[97Pac]

It crazy reading all this. Like 80% of the white kids I went to college with moved to Brooklyn after college and they all seem to love it.