When Attempting Gentrification Goes Wrong

xoxodede

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Last year, while visiting back home I was at one of my families rentals cleaning up -- when I noticed the house across the street looking extremely different -- in a good way.

While taking trash out - I saw a White man coming out the house walking over to me - which was weird -- cause in all my life -- I have never seen a White person live in that neighborhood -- and I personally know everyone on the street and known them all my life.

Anyway come to find out the White man moved on the block -- bought his home for less than 1K -- and gutted it/renov -- as well as bought 8 land plots of recently torn down homes on the block.

When I found out I was pissed - but what could I do? He now owned the house, land -- and now the bulk of the neighborhood. And since my dad died - it's hard enough to keep up with the properties we have now.

So, fastforward to today - I have been back and forth over the last year + back home helping my mom with our real estate business. I go over to the house to install a new ceiling fan for our tenant - and I notice a "For Sale" sign on the White man's house.

I ask some of the neighbors what's up -- and what happened .

Apparently the White dude had been calling the police on everyone for everything. And they said he's really racist and talks down to everyone on the street.

He has called the police on one of the long-time neighbors who is in his 60's -- 6 times this year - cause he plays his blues and Motown oldies while he's on his porch.

Mind you 80% of the street has been there since the early 70's - and/or the homes were once their parents or grandparents.

Now, he's apparently uncomfortable and told one neighbor he doesn't feel safe -- and wants to short-sale his house and three land plots with it.

I find this hilarious and great at the same time -- that is what his ass gets for coming into an historically owned Black neighborhood trying to come up off Black folks losing their homes due to redlining practices, lack of money to keep up the taxes due to trumped up trash and water liens. And where their homes they have been in for YEARS have not gained any value -- and still have high ass property taxes and water bill liens (with interest) placed on them. Until it's so high - they lose them.

The good news though: I called our realtor and plan to put an offer on the house and land by next week.
 
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xoxodede

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...so he still has 5 more plots of land he can sell on to whites of his choosing? :unimpressed:

He does. Aint nothing we can do - but be patient.

And most of the residents don't have the money he is now asking for. They are seniors now -- or the children whose parents have passed and now rent their parent's house out.

Mind you - these plots were only $200 but you must own a home on the block - and you have to live across the street or adjacent to the land to purchase. And the property taxes are way too high. They are just staying afloat.

He got in there when he bought the house. The area is less than 3mins from downtown in my hometown. It's a small city.
 

T'krm

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First, where are homes being sold (auctioned off) for only 1k?!?
And 2nd, Good!!
Let that cac go back from wence he came!! How does one enter a new environment and try to change it completely, off the bat?! The sheer nerve of these colonizers!!:stopitslime:
 
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xoxodede

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First, where are homes being sold (auctioned off) for only 1k?!?
And 2nd, Good!!
Lett that go back from whence he came!! How does one enter a new environment and try to change it completely, off the bat?! The sheer nerve of these colonizers!!:stopitslime:
Michigan.

It's crazy right now. If you can buy investment properties and/or land plots. Do it.

It's gorgeous historic homes for less than 10K. It's homes for less than 5K out here.

But, guess what -- all Black neighborhoods. We are losing our homes to property taxes. The homes are paid off - but the property taxes are way too high -- they get charged for trash/rubbish services they don't even use. They have high water bills and can't pay -- then they add a property tax lien to their homes. Then they accrue interest -- and they end up losing their homes.

I'm not from Flint -- but not far from it. But, this is happening all over Michigan.

Where Unpaid Water Bills Can Mean Losing a Home

Flint puts 8,000 people on notice for tax liens for unpaid water bills

Overdue Flint water bills won't result in property tax liens
 

xoxodede

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What city can you get a place for 1k???

Pretty much all over Michigan. It's going to be work.

But, people lose the homes due to taxes and they go to an auction and purchase them once the home gets foreclosed due to not being able to pay property taxes.

Or go the Hud Homes way -- or buy from owner.

For instance, in Flint: You can get a home starting at 4K. This is pretty much all over the state.

Flint, MI HUD Homes
 

Crude

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You should try to buy that property if you can get it at a reasonable price.

White folks buy property in Black areas more often than a lot of people think they don't always try to gentrify though. A lot of times they just get a bunch of old homes and use them as cashflow properties.

You see a bunch of old homes that tenants pay relatively cheap rent for because it's in a undesirable part of town and usually that also means the owner bought it cheap as well. It's actually a great hustle.
 

WaveCapsByOscorp™

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Michigan.

It's crazy right now. If you can buy investment properties and/or land plots. Do it.

It's gorgeous historic homes for less than 10K. It's homes for less than 5K out here.

But, guess what -- all Black neighborhoods. We are losing our homes to property taxes. The homes are paid off - but the property taxes are way too high -- they get charged for trash/rubbish services they don't even use. They have high water bills and can't pay -- then they add a property tax lien to their homes. Then they accrue interest -- and they end up losing their homes.

I'm not from Flint -- but not far from it. But, this is happening all over Michigan.

Where Unpaid Water Bills Can Mean Losing a Home

Flint puts 8,000 people on notice for tax liens for unpaid water bills

Overdue Flint water bills won't result in property tax liens
Good advice. I had seen some properties in Detroit once and was amazed at how cheap they are...
 

T'krm

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Michigan.

It's crazy right now. If you can buy investment properties and/or land plots. Do it.

It's gorgeous historic homes for less than 10K. It's homes for less than 5K out here.

But, guess what -- all Black neighborhoods. We are losing our homes to property taxes. The homes are paid off - but the property taxes are way too high -- they get charged for trash/rubbish services they don't even use. They have high water bills and can't pay -- then they add a property tax lien to their homes. Then they accrue interest -- and they end up losing their homes.

I'm not from Flint -- but not far from it. But, this is happening all over Michigan.

Where Unpaid Water Bills Can Mean Losing a Home

Flint puts 8,000 people on notice for tax liens for unpaid water bills

Overdue Flint water bills won't result in property tax liens
Losing your home for unpaid water bills??:what:
And since many of these areas are considered 'lower income' aka Black, where the property values are typically lower, how the hell are taxes so high?
 

dora_da_destroyer

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He does. Aint nothing we can do - but be patient.

And most of the residents don't have the money he is now asking for. They are seniors now -- or the children whose parents have passed and now rent their parent's house out.

Mind you - these plots were only $200 but you must own a home on the block - and you have to live across the street or adjacent to the land to purchase. And the property taxes are way too high. They are just staying afloat.

He got in there when he bought the house. The area is less than 3mins from downtown in my hometown. It's a small city.
You in Detroit or Mississippi or some shyt? 1k home? $200 plots?


Edit: will these places turn a profit as rentals...or any hope they’ll appreciate in ~10 years. I’ve been wanting to buy in Detroit but some neighborhoods are still dying, and looking across the rust belt, there definitely are neighborhoods that won’t ever recover, might be ghost towns in a few years
 

xoxodede

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You should try to buy that property if you can get it at a reasonable price.

White folks buy property in Black areas more often than a lot of people think they don't always try to gentrify though. A lot of times they just get a bunch of old homes and use them as cashflow properties.

You see a bunch of old homes that tenants pay relatively cheap rent for because it's in a undesirable part of town and usually that also means the owner bought it cheap as well. It's actually a great hustle.

You are right. They do.

He told my mom he wanted to build his daughter a home on the land plot next to him. That's not happening now. :smile:

This has already happened in another neighborhood we own a few homes in. It's now two white families. Now, our value has risen over 30K each on all the homes -- and we haven't done anything but basic maintenance.

It's a great hustle -- my parents have been doing this before I was born. It''s a lot of work and I don't know how my dad did it all.
 

Crude

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You are right. They do.

He told my mom he wanted to build his daughter a home on the land plot next to him. That's not happening now. :smile:

This has already happened in another neighborhood we own a few homes in. It's now two white families. Now, our value has risen over 30K each on all the homes -- and we haven't done anything but basic maintenance.

It's a great hustle -- my parents have been doing this before I was born. It''s a lot of work and I don't know how my dad did it all.
It's the same thing my wife and I do, get you a good team of reliable handymen, because stuff is always going to tear up or need a repair.
 
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