>No commercial development in that immediate area yet. There is
>a lot of industrial warehouses nearby as well.


who wants to live near a chemical plant?
shit is not appealing nor is it safe
that's why property is so cheap there


>Now why aren't blacks folks investing there, first there's few
>wealthy black real estate developers in Newark. There are
>black folk with money in the area (Essex, Bergen Counties).
>But they aren't developing real estate with it


because it is a shitty depressing looking area
there is no profit in it
you don't build homes next to industrial parks
therefore, no developer is trying to put homes or a grocery store right there
the homes that ARE there are in a tough bind because noone is trying to spend that CAPEX to serve those few homes right there
it's a losing battle




>Every major project in the city has been white people. But
>what IS stopping us from pooling together and doing something?
> Your guess is good as mine. These types of questions are why
>I made this post. Why aren't we doing it? What is REALLY
>stopping us?

why don't i want to pool my money with other black ppl?
because i dont know you like that!!!
and that goes for ANYBODY not just Black or White ppl
just because we both have a few dollars in our pockets dont mean we have the same vision for what should get built
i may want a baseball diamond to be built in the park
you may want a basketball gym
but there is only enoug space for ONE of them
which do we choose?
im going to fight for my basbeball
you gone fight for your basketball
if we cant see eye to eye the the entire deal is scrapped and we take our investment dollars to areas where we can have complete control to do what we want
simple.

now, why invest $50,000 in a house in Newark hoping to make $70,000
when I can invest $70,000 in a PORTION of a brownstone in brooklyn and make $200,000 on the back end
see how PROFIT MARGINS work?
just for $20,000 more entry fee, I'm making like SIX TIMES the profit!!!

it all comes down to money, my man