Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Black ministers in Portland successfully stopped Trader Joes from moving into a historically black neighborhood and gentrifying it. Al Sharpton was nowhere in sight.
So they successfully stopped replacing some strip joint or liquor store with wholesome food. A great victory, that was.
Please, enough. Home values are dropping because of social unrest that has nothing to do with Obama or Holder. Seriously, if Obama had kept his mouth shut, do you think people would then be flocking to Ferguson. I doubt it.
Correct....the level of sincere stupidity or conscientious ignorance is astounding. Prior to the police shooting, its obvious that Ferguson was loosing its appeal to white homeowners as that city had already come majority black. Thus, obviously the demographic whose demand was holding up home prices were the African American community. After the Police shooting and unrest, Ferguson has lost it's appeal to African Americans because it seems like a racist area. Now blacks do not want to move there.
Residents are feeling the pain” reports that prior to Brown’s death, the average 2014 selling price of a home was $66,764. For the last quarter of the same year, that average selling price dropped 46% to $36,168. And the trend downward is even more dramatic so far in 2015, where the average selling price is now down to $22,951.
Holder, and Obama, decided to insert themselves into Ferguson and destruction follows.
Part of Obama's HUD project to create more affordable hosuing.
Holder and Obama's clumsy unthoughtful response to Furgeson has encouraged the myth that the justice system under holder and obama is corrupt, biased and racist. Proof is the widely held belief by residents that Brown was shot while holding his hands up to surrender.
Median selling price is a much better gauge. It sounds like houses in the better neighborhoods were selling two years ago. They were selling for $70, $90k, whatever.
Now, it's ghetto houses that are selling. As such, they only bring $20k or so. If I had to guess, the ghetto folk have had their fill with daily rioting and looting. They're selling their places, moving out. Hence the low average selling price.
Black ministers in Portland successfully stopped Trader Joes from moving into a historically black neighborhood and gentrifying it. Al Sharpton was nowhere in sight.
Residents are feeling the pain” reports that prior to Brown’s death, the average 2014 selling price of a home was $66,764. For the last quarter of the same year, that average selling price dropped 46% to $36,168. And the trend downward is even more dramatic so far in 2015, where the average selling price is now down to $22,951.
Holder, and Obama, decided to insert themselves into Ferguson and destruction follows.
$23K for a house? That's unreal, just imagine the ROI for owning and renting out. Yeah, yeah, slumlord problems and all but at that level of invested capital advertise a sweetheart deal on the rent for someone with a perfectly clean credit/criminal history/housing court record and still make bank. Heck I'd be looking at properties myself if I lived in the area at those prices.
Cheap doesn't make it a good deal. You can buy a house in Detroit for a few hundred dollars, I saw one for sale for $750, last sold in June 2014 for $900 and for $3,000 in 2010. There's a reason those houses cost less than a new phone today and it isn't because they're a great investment. If you can afford to lose money until the city turns around you might make a fortune, but it could also be a great way to turn a large fortune into a small one.
If you can afford to rehab it and flip it you might make money, I wouldn't want to bet my money on renters in those neighborhoods, in Detroit or Ferguson.
While I'm not big on the "blame Obama for everything" game (there is enough blame for the things that he has actually put his name on), I do kind of see the OP's point on this one. The last few years have seen Obama running from one interracial crime to the next - selectively, of course - and fanning the flames of racism and hatred. Of course, his followers don't see it as a problem because after all, anyone who doesn't think he's the second coming of the Messiah is automatically a racist.
Quite frankly, Obama should have kept his mouth shut about Ferguson, as well as about Zimmerman and Martin. They weren't federal issues, they were local or, at the most, state issues.
Commenting on two situations that created major local and national media sensations is not exactly running from one interacial crime to the next.
Fannie will forclose, hipsters will eye the place and buy cheap, Trader Joes and Panera will move in, and Al Sharpton will scream that they have been gentrified.
Yeah maybe in 50 years and Sharpton will be long gone.
Anger and rage hurt this community far more than any good they did for the cause of ending racial discrimination or police brutality. During all the turmoil of the civil rights era, MLK stood against violence because he knew the most effective way to advance civil rights was to focused on fair treatment and human dignity.The violent riots and looting have given the opposition the excuse of writing off this current movement as a bunch of criminals.
The real losers in this whole situation are the law abiding black residents who get painted with the same brush, live in fear of violent residents, and suffer the consequences of self serving race baiters. They have lost significant wealth as their property values have fallen and it is a very real tragedy.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
