>And you could probably get something in Inland Empire for 70
>as well.
>
>Plus, we are talking hood spots that aren't gentrified.


you say "Jersey"
where in Jersey?
Hoboken or Camden?
Jersey City or Montclair?


you might want to do a little more research of what it actually takes to purchase a home before you start worrying about the impediments for Blacks to not purchase one.

you're trying to start a first semester freshman level of discourse when it's folks on here with right at PhD in Urban Planning and shit like that

move past the 101 discussions and at least start it at the 500-level courses

i can give you another anectdotal example...

my uncle lives in the house my grandparents (his and my fathers parents) bought back in 1947 in Dallas
house been paid for for over 30 years
but it is in a bad neighborhood, Oak Cliff
house prolly only worth $25k
but the house is in such bad condition it needs to be torn down and a complete new structure needs to be built
it's decent and "livable"
but there is no insulation in the walls
the outside wood siding as well as the window sashes are being eaten away by termites
the house is not worth trying to salvage via rehab

but it takes about $85,000 on the very low end ($85 per sq foot) to build a home in that area
but the house will only be worth maybe $60,000 once complete because of comps
so, no bank is going ot lend you money to rebuild on the lot you already own

but here comes the city of dallas...
http://www.dallascityhall.com/housing/HomeRepair/index.html

that program rehabs homes for elderly
and if the house is too far gone like my uncle's they will tear it down and build them a brand new house
they estimate the house to cost $105,000 to build
the owner can live there until they die or they decide to sale it
if they die, then the decendents can pay the city for what the house is worth or they can just let the city have it

the point im trying to make is that the banks won't lend you money on a losing cause
nor will they lend you money under a certain amount because it is not financially viable for them to do so
trying to get a mortgage under $50,000 is like pulling hen's teeth


we just dealing with all the financial roadblocks
we haven't even gotten to why the neighborhoods are poor value and look all raggedy and beat up in the first place



buying a house is nothing more than MONEY
that's all it is all about
MONEY