My NYC Black Folk......Gentrification

[mson]

What good is an opportunity if it puts you on a path where you can't

- buy property
- send your kids to a good school
- save for retirement

The average family in NYC is pretty much guaranteed to rent + work all their life, and then live off of Social Security and maybe a small pension if they are lucky

Meanwhile you can go down South, get a 30-40K job, buy a house, send your kids to a good school and save for retirement. It won't be glamorous, you won't drive a Lexus or have a $100/mo Iphone, but guess what... making 40K up here, you won't have any of that shyt anyway, AND you will have a shyttier quality of life AND be living in poverty in your old age.

And yea NYCRebel's wife makes good money as an engineer and he works in finance. They could have easily bought a brownstone and made good on dude's proclamations of BK loyalty/solidarity, from what he says, and yet he left This dude is telling people who can/can't come to BK via sattelite

What good is moving down south if you can't even get a job down there?

 

[Francis White]

..wait what? Is this official? This is hilarious.

im surprised they didnt do that to Chelseas projects. Also, the ones in the LES and DUMBO are prime real estate.

You ever been to the Chelsea projects lately? It is mostly mixed with smart people playing the i don't make enough money role while they make upper 90k living there, i know a couple that used that ploy to get housing in a doorman building, his wife is an artist, and does ok, she qualified for the apartment, now the husband he makes well over 200k per year, they just beating the system.

 

[Ego Noir]

You ever been to the Chelsea projects lately? It is mostly mixed with smart people playing the i don't make enough money role while they make upper 90k living there, i know a couple that used that ploy to get housing in a doorman building, his wife is an artist, and does ok, she qualified for the apartment, now the husband he makes well over 200k per year, they just beating the system.

they beat the system they deserve their freedom


now im not going to sit here and get into a debate about incomes and policies and all that. REGARDLESS, if you do not own anything, you have no right to complain. Cause it aint yours. The arabs, chinese, and dominicans hold all the businesses in the hood so do the customer have the right to bytch when starbucks and jamba juice come through and buy them out? No. If you sat there renting SOMEONE ELSE'S PROPERTY for 15 years and then when hipsters come through and say to the landlord ill pay you 2500 for the same space, do you have the right to fight the landlord increasing rents? no, cause IT AINT YOURS.

Its the businessowners and landlords that allow gentrification. Why? Cause it belongs to them. If you end up being a casuality, **** happens. Stop living passive and these things wont happen to you.

This is parallel to some lanky kid getting herbed in school complaining [security guards] allowing this to happen. nikka get your [hands] up and box i bet theyll stop

There is a reason why Chinatown, is STILL Chinatown.

 

[ogc163]

Many neighborhoods in NYC were really not within reach for the majority of us so the argument that the people who rented in these areas were in a position to possibly invest in our community is a bit out of touch with the situation at hand. We HAVE "invested" in our communities as much as we can for the most part. We open up stores, we set up small businesses, and for the few who have had the opportunity to build wealth quickly even end up owning a slice of the community housing. To somehow suggest that we could have cut through all the loops to get in a position to really "own" these communities is something I am not going to listen to because I will take that argument and dismiss it as someone not in touch with the way things work in this country (especially NYC).

We can own our own houses in the city individually, but that does not give us the power needed to possibly prevent or somewhat control gentrification. We SHOULD have greater control of it in the south because we have a stronger foothold down there. Until we get enough rental buildings in our control the whole issue is pointless to argue about. I am not saying that we should accept the fact lightly, but its a simple fact that we are in no position to change. I would have loved if the Dominicans in Washington Heights ever found themselves in a position to own blocks of the buildings in the city, but as I asked before. Were we really ever in a position to do so? Nope

It is not so much an issue of whether or not Black people share the same incentives as everyone else, but how exactly those incentives in real estate play out here in NYC. The article I posted about rent controled apartments/disparities in rent prices in one building and the harlem female real estate agent talking about owners being "happy campers" showcase that it is more complex than simply a matter of real estate developers having a long term plan to overtake these neighborhoods.

Even IF someone of color had the means to purchase a building, home,townhouse as an investment the laws that were in place for several decades would make them think twice about purchasing and veer them towards renting because at the time it made sense. The real estate laws in this city excessively protected renters versus owners/landlords. There was an old article in the New Yorker from I think from the late 90's where it showed that landlords/property owners for decades felt that it made more sense to leave a property abandoned than rent it out because they figured the cost of red tape/ROI was not worth it. There are ALOT of folks/firms who have owned properties but for decades couldn't find buyers of any color but then lucked up if/when the boom came. The argument I would make is that looking back and knowing the information we have now it would have been in the best interest of people of color to purchase properties at the distressed prices. BUT that is not how economic decisions are made and so given the circumstances at the time I understand them not having a high degree of interest in that endeavor. Personally when I say home ownership would have been a positive action in an attempt to curb the gentrification, it most definitely is not coming from some condescending high siddity pedestal because if I would have been around during the 70's up to the late 90's I wouldn't have been interested in owning either.

 

[69 others]

You could have just asked me how I got that number instead of jumping to convenient conclusions

If you want to raise a family + own property + save to retire in NYC, and you work on the island (which is the case for most people here), $200K/yr in today's dollars is the ground floor IMO

You can just live here for much less, but you need a lot of money to do NYC long term. A house in a decent school district is gonna be like 350K to start. Commuting into the city is 200-400/mo/worker. Car insurance + gas are expensive (you have to drive to the train). Property tax is . Thats just the ground level. Median household income for blacks + Latinos in NYC is just under $40K.... tell me where a family of 4 making 40K can own property, send their kids to a good school, and commute into the city affordably in NYC... just based on RE rules their rent is capped at $1000/mo... no way they are getting a mortgage + paying property tax on anything in city limits with that.....

We have a lot of history and roots here, but staying is not in the long term interests of 99% of us... shyt even our resident BK loudmouth gatekeeper doesn't even live there anymore and he could easily afford to

you talking out your ass again. some how you know what's in the best long term interest for almost 3 million plus people, huh i agree that older people and those with families with HHI below the median should seriously consider living elsewhere but educated young people (and those who are seriously pursuing it), young professionals, trades people, and families making well above median income, and property owners have good reason to stay here.

for young people of course you wouldn't start out making 150k, 250k, or whatever number people pull out they're ass for what is making it in this city but with the right skills, education, moves you make, spouse you marry or whatever you have a good shot of getting there or whatever is good for you. same thing goes for young some young professionals and trades people. property owners would be foolish to sell and move (well they can still move) in a market with ever increasing rents.

 

[NYC Rebel]

you talking out your ass again. some how you know what's in the best long term interest for almost 3 million plus people, huh i agree that older people and those with families with HHI below the median should seriously consider living elsewhere but educated young people (and those who are seriously pursuing it), young professionals, trades people, and families making well above median income, and property owners have good reason to stay here.

for young people of course you wouldn't start out making 150k, 250k, or whatever number people pull out they're ass for what is making it in this city but with the right skills, education, moves you make, spouse you marry or whatever you have a good shot of getting there or whatever is good for you. same thing goes for young some young professionals and trades people. property owners would be foolish to sell and move (well they can still move) in a market with ever increasing rents.

And there's a huge subleasing market through these apartments as well.

My sis used to pay $700 a month for our old one bedroom, but she subleased it for $1500 a month to some hipsters for about four months.

In NY, you need to treat your long held apartments like houses.

 

[TLR Is Mental Poison]

you talking out your ass again. some how you know what's in the best long term interest for almost 3 million plus people, huh i agree that older people and those with families with HHI below the median should seriously consider living elsewhere but educated young people (and those who are seriously pursuing it), young professionals, trades people, and families making well above median income, and property owners have good reason to stay here.

for young people of course you wouldn't start out making 150k, 250k, or whatever number people pull out they're ass for what is making it in this city but with the right skills, education, moves you make, spouse you marry or whatever you have a good shot of getting there or whatever is good for you. same thing goes for young some young professionals and trades people. property owners would be foolish to sell and move (well they can still move) in a market with ever increasing rents.

Not talking out of my ass

The avg NY household is not on the career or income path for long term survival here. Again, explain to me how a family of four can survive on an inflation adjusted income of $40-50K/yr in the 5 boroughs. Its not possible.

And you can't treat an apt like a house. Barring extremely extenuating circumstances nobody can kick you out of your house, if you pay your mortgage or own it outright. If you are not in a rent-controlled spot, a landlord can turn up the rent overnight. And lol @ complaining about "BK newbies" and then bragging about making money off of them. That is the whole force driving the displacement

 

[NYC Rebel]

Not talking out of my ass

The avg NY household is not on the career or income path for long term survival here. Again, explain to me how a family of four can survive on an inflation adjusted income of $40-50K/yr in the 5 boroughs. Its not possible.

And you can't treat an apt like a house. Barring extremely extenuating circumstances nobody can kick you out of your house, if you pay your mortgage or own it outright. If you are not in a rent-controlled spot, a landlord can turn up the rent overnight. And lol @ complaining about "BK newbies" and then bragging about making money off of them. That is the whole force driving the displacement

I'm said to treat your apartments like a home.

And yes...I am going to complain about a clown who sizes my time in the neighborhood strictly along the lines of

1. Crime
2. hanging on the corner

when your ass ran outta there out of your wife's fears.

 

[the next guy]

NYCHA set to lease playgrounds, community centers for luxury high-rises - NY Daily News

The housing authority is planning its very own Tale of Two Cities.

To raise much-needed cash, the agency plans to lease out land to private developers who will then build some 3 million square feet of luxury apartments smack in the middle of Manhattan housing projects.

Internal documents obtained by the Daily News show the planned 4,330 apartments in eight developments are all in hot real estate neighborhoods, including the upper East and West Sides, the lower East Side and lower Manhattan.

Developers will get a sweet deal: a 99-year lease with the lease payments to the authority frozen for the first 35 years.

Read more: NYCHA set to lease playgrounds, community centers for luxury high-rises - NY Daily News

I bet @NYC Rebel and @88m3 will be the only blacks left by the time this is over.

 

[TLR Is Mental Poison]

The question should be how to get black people in a position to not need govt subsidized housing....

...not how to keep the projects open

Trust bruhs, its only a matter of time.

 

[Gallo]

Our SECOND HOME we're in the midst of purchasing is in BK clown.

I wasn't going to tell my wife to move out her NJ condo to move into my East Flatbush rental.

Why don't you shut the fukk up about my wife and I history and worry about your timid ass wife making you move out my old hood.

We all family.

 

[88m3]

NYCHA set to lease playgrounds, community centers for luxury high-rises - NY Daily News




I bet @NYC Rebel and @88m3 will be the only blacks left by the time this is over.

that's terrible!


I figured it would have been the ones in les.


that's a really strange area...


I can't tell the difference between the projects and the terrible 60's 70's high rises

 

[Mike Ock]

check out "Brooklyn Boheme"....its a little documentary about Fort Green...its dope and inspiring....its on Netflix now.


[ame="http://www.youtube.com/watch?v=VxtcyGdJgYk"]http://www.youtube.com/watch?v=VxtcyGdJgYk[/ame]

 

[tremonthustler1]

"Give me your tired, your poor/Your huddled masses yearning to breathe free"

They might as well move the Statue of Liberty to Hunts Point, cuz my borough's the only one that still holds true to this saying.

 

[GoPro]

"Give me your tired, your poor/Your huddled masses yearning to breathe free"

They might as well move the Statue of Liberty to Hunts Point, cuz my borough's the only one that still holds true to this saying.

But are they "yearning to break free"?