Gentrification is so foul. Man gets his rent increased from 1200 a month to 2750 a month.
- Thread starter Anerdyblackguy
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- damn gentrification
Most importantly rising taxes,late payment fees and the service charge.
Yeah in china they can strip your wealth and take your shyt if the government thinks you are an opp.
Breh a cheap condo sounds like a money pit.Because you need to factor in service charge which can increase.And also it might only be available on a leasehold.So you own the physical property but you do not own the land that the property sits on.
Breh!They can and they will increase your property taxes.And unless you have some powerful friends, they can and will find a way to buy you out of your neighborhood unless you are able to financially compete with your neighbors.You are competing with motherfukkers who are willing to drop a high six to a lower seven figure amount to secure a deposit.
Eventually you will have to pack up and sell.
Selling for 2.1 mill for the whole building unit.8 beds
Over half a mill for a shack.
I know they will increase the prop taxes but that’s usually when you own the home outright..
If you have a mortgage your already locked into a fixed interest rate so those prop taxes the banks will keep the city at bay from raising them drastically.. that’s why I tell folk don’t be so quick to pay off your home.. that mortgage keep the prop taxes low lol
These dudes on here are to afraid and depressed to fight for poor blacks. They'd rather spit white men ideologies and solutions out there in some attempt to apoear pro black/ black economics shyt knowing damn well 75% of the time that shyt don't work for niccas like it does for cacs, or the barrier of entry aren't giant as fukk for a regular nicca from the hood just making it.45 people dapped this
Now, what are you going do when the price of living goes up, because, the homes around went up and your surround by people, who on average, have twice your salary?
They'll wait you out
Coli Conservatives at it, again.
It's your fault...do better...work with the market...the market is always right.
Not to mention; the banks lend to black homeowners like it's 1954.
Again, ya'll are so narrow-minded with these types of issues
Yes, if you can own, then own nicca. But its just fukk the people who can't get bank loans or improve their economic situation
Y'all might as well be cacs with the indifference Yall show to ur fellow negroes.
Inglewood takes another L. Last week we saw howthe major truly is...
All skin folk ain't kin folk.
Right? Me and my wife are both professionals earning a good wage, and if it weren't for us earning a ridiculous bag in the cryptocurrency boom that allowed us to drop 6 figures we would still be ~13-15 years left on our Mortgage and we are in our late 30's now. This is in the Midwest too, where the cost of living isn't as bad as it is on the coasts.
This fukked up economy, rising income inequality and other bullshyt has made it harder and harder. Being Black in the first place is a strike against you too, no matter how good your credit is. I'm sure everyone would love to all be homeowners and dodge this fukkery, but damn...
Yep my girl aunt got a fat ass check cuz the state of Illinois wanted to build a drainage retention pond for flood control. State ended up tearing down 3-4 houses on her blockMy last girl had a friend who sold her home to Soundtransit up in North Seattle so they can put the light rail through the land for 900k and I believe they paid about 350k for the property a few years back.
Think they gave each homeowner 400k or something like that
Formerly Black Trash
Philosopher, Connoisseur, Future Legend
This little homie used to live right there man.
Ya see, I got some mixed feelings on gentrification. We stayed right across from The Bottoms, my morning runs used to take me right in a circle around the Forum back when it wasn't being used for shyt other than church services and the occasional concert. Had a big spacious two-room apartment for just $750/month. But the electricity went out all the time, phone lines were so shyt they were almost unusable, plumbing was shyt, floor in the kitchen was sinking in like it was gonna collapse, paint chipped off all over, and roaches like you wouldn't believe. It was like it used to be a nice apartment in the 1970s and then the owners had just neglected it ever since then while it just fell apart. Everyone in my building was a Blood so shooters used to come down Crenshaw and just fire into the building, we had a shooting on our spot damn near every year, thank God we were on the 2nd floor cause there were bullet holes going all through the first floor all over. Little 13-year-old homie of mine got arrested by the police right on my doorstep, face thrown up against the wall, just for smoking a joint. I got drug out of my car and thrown up against it once just for leaving my pad, police were seriously just hoping I had some drugs on me, had to make up bullshyt about me matching a description when ALL I had done was leave my pad and hadn't even gotten down the block yet when they stopped me and then put hands on me without even asking for ID.
People shouldn't live that way, you know? I want neighborhoods like that to get better. I want people to put energy into restoring them. But then if you make the neighborhood better but the people who lived there can't live there anymore, what good have you done?
I drove through the 'hood just a couple months ago, first time in forever, it looking WAY different. Almost unrecognizable. That's sorta a good thing but it made me feel bad, you know?
This summer my wife and I were staying over on Beach before our little one was born. The place we were staying in was $1650/month, that's a much nicer area real close to Ladera Heights. But the landlord said everyone had to move out by August 31st while he was renovating the whole thing, new price was going to be $2750/month. Rent control didn't apply cause of the renovations they could do what they wanted.
Gentrification is a hard thing, like people are saying the solution is really to own, but you can't afford to own so what the hell?
You know, the original form of the Constitution wasn't "life, liberty, and the pursuit of happiness," it was "life, liberty, and PROPERTY." When I was younger I thought that was so materialistic, but now I understand how vital it is. We should guarantee every family a spot to live, a spot they can have to themselves and they own. Overpopulation ain't the issue, there are plenty of homes for everyone, it's the damn speculators and absentee landowners and people who own two and three and four spots that are driving up the prices.
I don’t see how you can have mixed feelings
Making the rent more doesn’t solve problems, it just displaced ppl and has them move elsewhere
Including the shooters
No one from the original neighborhood is there to enjoy it
Just new affluent ppl
You know where my sympathies really lie? Ppl like my aunt who worked her whole life to buy property in a suburban nice area(south mt vernon) only for said area to be ruined by section 8 and the relocation of half the Bronx. Only bums and racists cry when white ppl move into an area.
I ain't saying the new situation is good, I'm just saying that the old situation isn't something we should be fighting for either. Both situations suck, we need a new way.
Formerly Black Trash
Philosopher, Connoisseur, Future Legend
LOL
You sound like a white moderate
I’m not saying you are one, but it’s the same type of both sides
Old situation allowed people to live in their homes
Again, all they did was move ppl around
The same shyt will probably happen again once white ppl get tired of living in the city
but what is the answer then? the only reason these urban neighborhoods became black in the first place is because white people abandoned them for the new suburbs. the gangs caused the neighborhood to be "bad" and it was undesirable to outsiders and as soon as some could do better they said "i gotta get out of the hood". any hint of desirability and market forces say those with more money will offer more of it to live there. the "hood" (now former) in most cities are some of the most desirable swaths of land around. those who don't own are relying on a neighborhood staying undesirable in order to stay there and those who own want the neighborhood to become desirable and their property values to increase (yes that leads to higher property taxes, but you have more equity as well).
and yes you're right that all they did was move people around. the shooters are now in the suburbs.
Because of a football stadium.
Man I wish there was a way perhaps some sort of regulatory measure mandated by the state to control exorbitant rent spikes.... Hmmmmmmmmmmmmmm I wonder how we could achieve something like this.... I'm sure tariq has the answers right?
This unsustainable. Can't raise kids in the city and poor people can't commute into the city.