San Francisco has reached 'peak unaffordability'
- Thread starter Responsible Allen Iverson
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Ol’Otis
The Picasso of the Ghetto
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some of these kids offer to pay thousands upfront.
Had this one french couple come in the office. This black dude that was looking all dapper and this white chick. He legit had 10k in a bag that he was willing to drop upfront just for a 1 bedroom.
Alot of the people that I've shown to are out of towners and people commuting from places like Philly and Jersey. I had an apartment showing earlier today with this guy that was commuting from Conneticut to NYC for work every week.
This was incredibly bizarre to watch, as someone who lives in Cleveland and is familiar with all of those places.
Wow.
When you hear about the term "24hr community/city" shyt gonna get real. I spoke about it just today in the NYC gentrification thread. I have my eye on downtown Newark now because NYC real estate is just too unattainable now for the average person. Investors have their claws deep in our skin. I just entered a tentative contract for a condo (after being beat out by investors three times in NYC) and with God's grace it will go through.
305 E 140th St Apt 3 A, Bronx, NY 10454 - Home For Sale and Real Estate Listing - realtor.com®
This is in the Bronx. About a 10 min walk from the projects. People keep hoping for the "bubble" to burst but I don't think it would help much. My homeboy bought a few co-ops in the South Bronx and pleaded with people to do the same. I couldn't afford it at the time.
Ol’Otis
The Picasso of the Ghetto
$765,000Wow.
When you hear about the term "24hr community/city" shyt gonna get real. I spoke about it just today in the NYC gentrification thread. I have my eye on downtown Newark now because NYC real estate is just too unattainable now for the average person. Investors have their claws deep in our skin. I just entered a tentative contract for a condo (after being beat out by investors three times in NYC) and with God's grace it will go through.
305 E 140th St Apt 3 A, Bronx, NY 10454 - Home For Sale and Real Estate Listing - realtor.com®
This is in the Bronx. About a 10 min walk from the projects. People keep hoping for the "bubble" to burst but I don't think it would help much. My homeboy bought a few co-ops in the South Bronx and pleaded with people to do the same. I couldn't afford it at the time.
not for a 2 bedroom in the south bronx
in 2018 my area inglewood, ca will be out priced once the football stadium is done and landlords start selling property at a high rate people will be pushed out
i'm already looking to head to new orleans where my fam live
i'm already looking to head to new orleans where my fam live
Read this for some insight and examples that illustrate our inability as a community to get ahead 
Richardson: The prize that got away
The tenants weathered the various crises with grit and the help of local politicians like the late Fred Samuels and City Councilman Bill Perkins, who helped bring in several administrators to handle the property until an owner could be found, said Smedley.
Sometime around the mid-1980s, the city came up with an unusual proposition: they would sell the building to tenants - essentially creating one of the first cooperative apartments in Harlem - if 60% of tenants signed on to the deal.
Franks recalls the deal being even sweeter.
"The city told us that if we got this building off the ground it would change the whole neighborhood, because a lot of the buildings around us were somewhat destroyed or in disrepair because the '60s riots left a lot of desolation in its path," she said. "The idea was we could get other buildings to do what we did."
Smedley, Franks and a cadre of tenant association members canvassed the building for support. They circulated flyers and held informational meetings to discuss how the conversion would take place and what it would mean to be owners rather than renters.
"There were concerns," Franks recalled. "Some tenants fought it because they said the repairs would fall on them and many of them were of median income and didn't think they could afford to make repairs."
The tenants fell four votes short.
Richardson: The prize that got away
The tenants weathered the various crises with grit and the help of local politicians like the late Fred Samuels and City Councilman Bill Perkins, who helped bring in several administrators to handle the property until an owner could be found, said Smedley.
Sometime around the mid-1980s, the city came up with an unusual proposition: they would sell the building to tenants - essentially creating one of the first cooperative apartments in Harlem - if 60% of tenants signed on to the deal.
Franks recalls the deal being even sweeter.
"The city told us that if we got this building off the ground it would change the whole neighborhood, because a lot of the buildings around us were somewhat destroyed or in disrepair because the '60s riots left a lot of desolation in its path," she said. "The idea was we could get other buildings to do what we did."
Smedley, Franks and a cadre of tenant association members canvassed the building for support. They circulated flyers and held informational meetings to discuss how the conversion would take place and what it would mean to be owners rather than renters.
"There were concerns," Franks recalled. "Some tenants fought it because they said the repairs would fall on them and many of them were of median income and didn't think they could afford to make repairs."
The tenants fell four votes short.
Ol’Otis
The Picasso of the Ghetto
we gotta start thinking long termRead this for some insight and examples that illustrate our inability as a community to get ahead
Richardson: The prize that got away
The tenants weathered the various crises with grit and the help of local politicians like the late Fred Samuels and City Councilman Bill Perkins, who helped bring in several administrators to handle the property until an owner could be found, said Smedley.
Sometime around the mid-1980s, the city came up with an unusual proposition: they would sell the building to tenants - essentially creating one of the first cooperative apartments in Harlem - if 60% of tenants signed on to the deal.
Franks recalls the deal being even sweeter.
"The city told us that if we got this building off the ground it would change the whole neighborhood, because a lot of the buildings around us were somewhat destroyed or in disrepair because the '60s riots left a lot of desolation in its path," she said. "The idea was we could get other buildings to do what we did."
Smedley, Franks and a cadre of tenant association members canvassed the building for support. They circulated flyers and held informational meetings to discuss how the conversion would take place and what it would mean to be owners rather than renters.
"There were concerns," Franks recalled. "Some tenants fought it because they said the repairs would fall on them and many of them were of median income and didn't think they could afford to make repairs."
The tenants fell four votes short.
$765,000
not for a 2 bedroom in the south bronx
Yes breh, that is the HOTSPOT. There are condos about 5 mins away...just about sold out. Price for a studio? 400,000
zayk35
Superstar
Yep you bust your ass trying to save 25k for a down payment on anything and some hipster just needs a couple grand his parents cosign....
Wow.
When you hear about the term "24hr community/city" shyt gonna get real. I spoke about it just today in the NYC gentrification thread. I have my eye on downtown Newark now because NYC real estate is just too unattainable now for the average person. Investors have their claws deep in our skin. I just entered a tentative contract for a condo (after being beat out by investors three times in NYC) and with God's grace it will go through.
305 E 140th St Apt 3 A, Bronx, NY 10454 - Home For Sale and Real Estate Listing - realtor.com®
This is in the Bronx. About a 10 min walk from the projects. People keep hoping for the "bubble" to burst but I don't think it would help much. My homeboy bought a few co-ops in the South Bronx and pleaded with people to do the same. I couldn't afford it at the time.
Better hop on downtown Newark, they already began the process there
Construction Begins At $116M Newark ‘Upscale’ High-Rise
Rents in the completed building are expected to start at $1,250 for a studio, $2,000 for one-bedroom, $3,150 for a two-bedroom and $4,500 for a three-bedroom.
Ironman
#Knickstape
Meanwhile a family that could really use something like that won't get an opportunity to buy itsome of these kids offer to pay thousands upfront.
Had this one french couple come in the office. This black dude that was looking all dapper and this white chick. He legit had 10k in a bag that he was willing to drop upfront just for a 1 bedroom.
Alot of the people that I've shown to are out of towners and people commuting from places like Philly and Jersey. I had an apartment showing earlier today with this guy that was commuting from Conneticut to NYC for work every week.
Uncle Kendrick
I'm just bout that action
Dr. Claude Anderson warned us decades ago now it's here. It's too late to cry over spilled milk. We all know what we need to do.
