Great for him. Enough blacks have sold their businesses and cashed out instead of passing a money generating asset down to future generations. Sure, millions is a nice amount, but if you just end up 'retiring' and spending those millions on luxuries, sooner or later they will disappear as opposed to having a business where you are constantly generating income and you can actually employ other blacks.
Black business owner refuses to sell out. Turned down 3 million dollar offer
- Thread starter ReturnOfJudah
- Start date
Here's the reality of the matter. For the most part, white people don't want to live near blacks, and therefore land/property in predominately black areas is very cheap in comparison to surrounding areas. Sooner or later, once business starts growing towards black neighborhoods, they drive all the black people out and scoop up that land/property for cheap and making a fortune off of it.
If he 'takes the bag', he's going to have to buy land elsewhere, and with how crowded Austin is, he will spend a lot of that in purchasing expensive land and constructing a new building. There's no guarantee that the new location will draw as much business as the current location. Also, we complain about gentrification, but if we're complicit in it, what are we complaining about? This is going to keep happening anywhere blacks move because of the reasons I mentioned before. The land is cheap where blacks move to and then these companies swoop in decades later and get the blacks out. If no stand is taken, this will keep on happening. They've already got most of the blacks out of Austin.
If he 'takes the bag', he's going to have to buy land elsewhere, and with how crowded Austin is, he will spend a lot of that in purchasing expensive land and constructing a new building. There's no guarantee that the new location will draw as much business as the current location. Also, we complain about gentrification, but if we're complicit in it, what are we complaining about? This is going to keep happening anywhere blacks move because of the reasons I mentioned before. The land is cheap where blacks move to and then these companies swoop in decades later and get the blacks out. If no stand is taken, this will keep on happening. They've already got most of the blacks out of Austin.
Jhoon
Spontaneous Mishaps and Hijinks
Pay us like you owe us ...He knows he can sell at any time. Tell them to come back with another 3 for the community.
SheWantTheD
Veteran
If I'm ever in Austin I'm eating there 
FreddyCalhoun
All Star
Austin Tx We got us one
Its like 5 black people in Austin
FeloniousMonk
Dont mind me..Im a azzhole
That 3 mill aint shyt compared to whats to be made annually of that condo property.
I'd sell high and still want concessions for the building being built, even have them throw in a penthouse condo in the deal.
I'd sell high and still want concessions for the building being built, even have them throw in a penthouse condo in the deal.
Patrick Kane
Veteran
10 million and nothing less
yea cuz most of them moved to houston in the 90s
In the case of Austin, it is virtually over for Black people.
Amazon putting HQ2 there would eliminate all low-income Black people, leaving only Amazon employees and the employees of other companies with a presence in the city.
Ine BBQ joint in Texas....Austin, Texas at that, isn't going to halt gentrification
LiveFromLondon
Superstar
Put em on coli business advisors, free of charge aswellThis is my wife's family restaurant!
