Posted on 01/19/2017 2:27:10 PM PST by SeekAndFind
RE: I work with blacks who briefly owned homes in abandoned areas of the Newark NJ area and are now looking to get out of both the homes and the loans; there are just no buyers because the concept of urban revival is a myth
Honestly though, if you look at parts of New York City (e.g., Brooklyn and the Bronx ( yes, even the much maligned section of Harlem ), you see one phenomenon -— GENTRIFICATION.
Huge sections of these communities which used to be occupied by bad actors have been reclaimed and new communities have sprung up and if you went to these places today, you would not recognize them from the time of Robert De Niro’s depressing movie “Taxi Driver”.
In one section near Harlem for instance, there are brownstones and townhouses that now cost a million dollars and many of these apartments are rented by college students, college professors and yuppy professionals.
My point is this -— never say never -— urban revival can occur with the right policies in place.
RE: I work with blacks who briefly owned homes in abandoned areas of the Newark NJ area and are now looking to get out of both the homes and the loans; there are just no buyers because the concept of urban revival is a myth
Honestly though, if you look at parts of New York City (e.g., Brooklyn and the Bronx ( yes, even the much maligned section of Harlem ), you see one phenomenon -— GENTRIFICATION.
Huge sections of these communities which used to be occupied by bad actors have been reclaimed and new communities have sprung up and if you went to these places today, you would not recognize them from the time of Robert De Niro’s depressing movie “Taxi Driver”.
In one section near Harlem for instance, there are brownstones and townhouses that now cost a million dollars and many of these apartments are rented by college students, college professors and yuppy professionals.
My point is this -— never say never -— urban revival can occur with the right policies in place.
Those situations in NYC only occur because the city will turn a blind eye to the expulsion of poorer people just to keep a tax base. The city was in the news recently because blacks were decrying the fact that some public housing units were being filled with Asians. What NYC is doing wouldn’t be tolerated in most places (with those policies).
You are right, though; I should never say “never”.
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