I've been living in Newark, NJ for about 11 years now. And I've watched Jersey City, DC, Brooklyn and now Newark go thru the gentrification process. Newark is not where the other two are, but its on its way. Downtown is rolling right now and its only a matter of time before that development expands into the wards.

Was having a conversation with a friend who lives in Newark's Central Ward where much of the development is taking place. And he was frustrated. He was like man its only a matter of time before they move us out. History would say this is probably true.

So I then asked him "why?" "They'll improve the neighborhood and raise the rents," was his answer. Another good point. Couldn't argue that.

But here's the thing....why are we renting? Bad credit? Sure? Don't have enough income to qualify for a loan? Sure. But if I'm honest, the real deal is that we need to do a better job of teaching one another how to manage the money we do have.

There are a lot of us who do have good credit. Who are dope at managing money. Who can qualify for loans even though they aren't making 6 figures. We need to invest that knowledge back into our people man. In most cases, sneakers, clothes, cars and the like are depreciating assets. Sure you have to buy them, but we got to be wise in how much we invest in those things.

And let's also, be 100, In a lot of cases, if you have the money to rent, you have the money to own, since you are more than likely covering the mortgage of the place you are renting. Your credit may be screwed though because of student loans or credit card debt. Its why we need to be talking to our kids about this stuff before the get to high school. Those types of bad decisions can take years to climb out of.

If you own your home, the only way they can move you out thru gentrification is raising the taxes. At that point...you should be able to sell your crib for a profit since the area has improved (That is unless you bought at the height of the housing bubble).

I'm probably over simplifying a bit. But we need to own where we live. We didn't create this system, but we can for sure work it to our advantage.


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>I'm probably over simplifying a bit.

.

*************************************
like.me
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"if the children are not initiated into the village they will burn it down just to feel its warmth." - african proverb

people's post about matters that lend to their interest and opinion?

It's crazy. Y'all act like people owe this place a Doctoral Thesis or a ready to publish article response anything a point or topic is posted. It's down right righteous arrogance and it kills the potential for developmental dialog in these kinds of post.


Chill!


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"America, stop turning our Court Houses of Justice into Dens for Justified Murderers."

I'm sick of seeing SYMPTOMS of our misfortune positioned as the cause. Black people have low rates of home ownership because of institutional racism. Sometimes the shit smacks of "let them eat cake" cluelessness.

Who are they telling you can't get a loan that has good credit? Sure, when are stuff is shaky, we don't get the benefit of the doubt every time. No deny that.

So let's press for me for more bro.

Yes we have to be twice as good. But the thing is we can be.

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for a better card, they still never approve it. My faith in that is real "meh"

Remember Novemthree's Courage...
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And what are they saying the reasons the deny you for?

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i used to design algorithms to make up mailing list for credit card companies to send them "pre-approval" letters to

basically i would say anyone with no late payments or deliquent accts in the previous 36 months would get a "pre-approval" letter

from those ppl, like 80% of the respondents would go on to "full approval"
the other 20% would be declined for various reasons

it costs credit card companies less than a dollar to get you to apply for that "pre-approved" card but they will make >$100 within the next 12 months off you if you're approved

so the money is in it for them to keep pluggin everybody they can with them offers

****
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So this doesn't surprise me.

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>So this doesn't surprise me.
>
>Download my new mixtape featuring Lecrae, Andy Mineo, Christon
>Gray and more. Positive Hip Hop:
>http://www.noistrade.com/wadeoradio

****
pink toes: http://i.imgur.com/WN7DPL1

Get a car lown, get a co-signer and start there. Is it what most people do? No, but it can be done and has been done.

I've had credit cards and have them all paid off. Did it once before I got married. Paid the others off this past month.

Credit is the biggest hustle. And the fact that you think you can't get a mortgage without getting credit cards is proof.

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A car loan.

always paid cash
didnt need a car in nyc
even the altima i have now i paid cash
i like pre-1973 vehicles anyway

but wade dont sound too financially savvy so i doubt i'd be taking cues from him

****
pink toes: http://i.imgur.com/WN7DPL1

I can't believe some people do this their whole life.

But credit cards are not bad if you use them responsibly. I used to think this way too.
You have to show a record of payments to build a good credit. It's about behavior.

Remember Novemthree's Courage...
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So, it's not really viable alternative to using cards to effectively build credit.

http://soundcloud.com/forestbrooks

My car note helped my credit score go from the high 300's (which I didn't even know was possible) to 605 in 6 months flat.


---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

many MANY people have gotten mortgages without ever having a car note
but VERY VERY few have gotten a mortgage without revolving credit (credit cards/store accts)

****
pink toes: http://i.imgur.com/WN7DPL1

>many MANY people have gotten mortgages without ever having a
>car note
>but VERY VERY few have gotten a mortgage without revolving
>credit (credit cards/store accts)

Not sure how it is these days, but I had plenty of first time buyers without traditional credit. You just had to get shit like utility companies and whatnot to report it to credit agencies, do a rapid rescore, and close the loan.

As an AE, I've pushed a good number of loans like that throguh my pipeline as well.

---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

the one time I did it, they said no. *middle finger*
but my score is awesome now. But I still don't want a Chase card.

Remember Novemthree's Courage...
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so now I have a measly little one that I built credit with, but the limit is so low it's not worth having.
I just want a better card with a limit that's large enough for emergencies. The one I have is so "meh", no real benefits.
I also have a platinum AMEX that I was added on the account so it's not truely mine. I don't ever use it, the account activity counts towards my score.
It went up 48 whole points in a month! Plus I get a priority card to get in all the airport lounges. I want a card of my own that has travel points.
On top of that, my debit card keeps getting hacked and frauders are using it. Someone got me for nearly $200 last week.

Remember Novemthree's Courage...
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Niggas asking questions without researching......lazy and dumb.

>Y'all act like people owe this place a Doctoral
>Thesis or a ready to publish article response anything a point
>or topic is posted. It's down right righteous arrogance and it
>kills the potential for developmental dialog in these kinds of
>post.

~
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Days like this I miss Sha Mecca

It's redlning, racism ...etc.

---------------------------
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http://www.justice.gov/opa/pr/justice-department-reaches-settlement-wells-fargo-resulting-more-175-million-relief

This is only the case we know about, imagine how much of this they do and never get caught.

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Signature

I haven't been there in a few months.

New housing and businesses galore down there. Whole Foods is set to open in 2015.


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and that really goes for all races. The economy and the game is set up way different.
Like some of the things you mentioned. As a whole this generation is stuck with a LOT of student loan debt.
Job market is tough and wages have not gone up despite the prices of everything. As a generation, buying is not popular.
Saving is hardly possible if you live in a major city. You have to have something like an inheritance to get a leg in the game.

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I didn't have them. But we are finally paying my wife's off this month.

Some of this we just didn't foresee, but the flip is we have to warn this next generation about them.

We can save dough if we really set out to do it. His books aren't popular with blacks, but Dave Ramsey is that dude. I got out of debt before I got married fooling with those baby steps of his. We need to share that kind of information in our communities.

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like our parents. I mean they are really cleaning up. I know multiple people who are getting like $8,000 a month in pensions.
Knowing that you have those securities when you get older also inspires confidence in buying. Right now retiring doesn't seem like an option.
So I feel like before you can even get to managing the little bit of coins you can manage to scrape up, your mindset has to be there.

I did not come from a household that knew a damn thing about money. We always struggled to make it.
Luckily my husband comes from a family that knew everything about building wealth and passed info down.
We will be buying next year. But trust me, it will be in the hood. Real estate in Brooklyn is ridiculous.
But this is our home for almost 10 years, so leaving is not on the table. Quality of life trumps cheaper real estate.

Remember Novemthree's Courage...
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like on facebook: https://www.facebook.com/16stonevintage
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Get a 15 year mortgage instead of 30. It costs more a month, but your build equity faster and pay the loan quicker.

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to work around that...they are rezoning commercial to residential and building
then on top of that discriminating who can move into to those dwelling
that is diluting the neighborhood and really forcing people to make a decision to live there or not
along with the tearing down of public housing its squeezing folks out of wanting to live in the neighborhood

______________________________________

Navem nu, cuando sol
Tutu nu, vondo nos nu
Vita em, no continous non
Nos nu ekta nos sepe ta, amen

When the sun shades the ship
We sweat and life is not safe
To swim or to touch not
When we unite we hedge amen

1.
>Bad credit? Sure?

2.
>Don't have enough income to qualify for a loan? Sure.


The above two account for a huge portion of why nots.
Add in lack of a downpayment and the portion gets bigger.




>There are a lot of us who do have good credit. Who are dope
>at managing money. Who can qualify for loans even though they
>aren't making 6 figures.


If you have them two things, chances are, you don't want to live in an area that has yet to be gentrified. Maybe AFTER it has been through that process but not before.



>And let's also, be 100, In a lot of cases, if you have the
>money to rent, you have the money to own, since you are more
>than likely covering the mortgage of the place you are
>renting.



Buying a home is more than just the mortgage payment.
It is all the lil stuff like upkeep and other snafus that you need to worry about.
I'd say add 20% to your monthly mortgage+insurance note to be fully cushioned for homeowner "snafus"
your mortgage $1,900?
add $380 per month for "emergency" stuff
this is if you have an older house
brand new house you can reduce it to say 10% or $190 per month

****
pink toes: http://i.imgur.com/WN7DPL1

We also live where we can afford to live. Renting someonewhere for 5 years, you were better off buying it.

Now the downpayment is an issue for a lot of us. There are a lot of first time homebuyer programs that can help with that. Also, we learning to save money and pay off debt is key. It can be done. Those who know how, need to teach those who don't how to do it. As I mentioned before, Dave Ramsey has been doing this for years.


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owning a home is MUCH MUUUUCH more responsibility than renting an apartment
you need to start with respecti...
you know what, I had a post about why Black neighborhoods deteriorate much faster than White neighborhoods a few months ago.

go check that post for some reasons



>We also live where we can afford to live. Renting
>someonewhere for 5 years, you were better off buying it.
>
>Now the downpayment is an issue for a lot of us. There are a
>lot of first time homebuyer programs that can help with that.
>Also, we learning to save money and pay off debt is key. It
>can be done. Those who know how, need to teach those who
>don't how to do it. As I mentioned before, Dave Ramsey has
>been doing this for years.
>
>
>Download my new mixtape featuring Lecrae, Andy Mineo, Christon
>Gray and more. Positive Hip Hop:
>http://www.noistrade.com/wadeoradio

****
pink toes: http://i.imgur.com/WN7DPL1

http://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=12625726&mesg_id=12625726&listing_type=search

****
pink toes: http://i.imgur.com/WN7DPL1

Home and and apt aren't a fair comparison, unless you are renting a home.


Download my new mixtape featuring Lecrae, Andy Mineo, Christon Gray and more. Positive Hip Hop: http://www.noistrade.com/wadeoradio

>Home and and apt aren't a fair comparison, unless you are
>renting a home.


I know I don't
so I continue to rent until I can build the house I want
Ppl are telling you reasons why your intial thoughts are crap but you aren't listening

****
pink toes: http://i.imgur.com/WN7DPL1

Your mortgage over time.

if a huge expense comes out of nowhere on the common grounds of the property and it wasn't accounted for, you could be on the hook for a few thousand dollars repair bill out of nowhere

****
pink toes: http://i.imgur.com/WN7DPL1

I hope that people will take the time to dialog with you on the matter and save the "Know it all" attitude for their jobs and work.

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"America, stop turning our Court Houses of Justice into Dens for Justified Murderers."

______________________________________

Navem nu, cuando sol
Tutu nu, vondo nos nu
Vita em, no continous non
Nos nu ekta nos sepe ta, amen

When the sun shades the ship
We sweat and life is not safe
To swim or to touch not
When we unite we hedge amen

This is the thing bro. Yes, we got dealt an unfair hand. But it can't just be they are gonna fix up the neighborhood and move us out. Why can't we do it. We got money for Jordan's, fast food and everything else.

I'm not perfect dude, but I'm just seeing the big picture. Some of this is on us man.

Download my new mixtape featuring Lecrae, Andy Mineo, Christon Gray and more. Positive Hip Hop: http://www.noistrade.com/wadeoradio

And people hate to hear the truth because it causes them to take responsibility.


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"America, stop turning our Court Houses of Justice into Dens for Justified Murderers."

>I hope that people will take the time to dialog with you on
>the matter and save the "Know it all" attitude for their jobs
>and work.


i'm providing NUMBERS
a 2BR condo going for like $250k in harlem
you going to need like $15,000 down payment and close to a 700 FICO score to get into something like that
as well as make at least $70,000 per year

i didn't realise how difficult it is for black folk to attain those numbers until i start peeking into other folks business
they may have the salary, but then they credit be all fuct up because of student loans and just general irresponsibility when it comes to finances (late car payments, unpaid credit cards, buying a $3,000 purse with their income tax check, etc)

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pink toes: http://i.imgur.com/WN7DPL1

Naw, your perspective is not the only one that's valid.
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"America, stop turning our Court Houses of Justice into Dens for Justified Murderers."

Basically you just said its difficult to attain the cash/flow and or assets to get into the right living situation, due to loans and irresponsibility. The loan payment itself may be unavoidable, but the irresponsibility with bills in one's early 20's, or the tendency to see large cash infusions as an opportunity to spend or the habit of always dropping money on depreciative things etc...

All of these things are correctable, and they can positively impact cash flow. It starts with understanding at a deeper level how decisions affect cash flow and impact credit score, liquidity and in the long term, assets, in real ways that people who may be undereducated understand.

Like I said his message was a little muddled, but it IS valid. This all begins with an honest self evaluation (especially parents, who hate to disclose their finances to their children because they are embarrassed or don't want them to know off GP) of ones self and the factors contributing to your current financial situation.

yes...if the average person become smarter and more responsible...yes...things will change...

but that's not how people improve...averages stay within a pretty constant range and it takes generations of continued improvements to sustain them...

it's not that more people need to become above average...

it's that their need to be simpler and easier to obtain solutions/alternatives for those from below average to above average...

relocation to non-urban areas isn't a viable solution en masse bc it would require an exodus of some sort to places with limited resources...

financial literacy needs to become a part not of just school but of childhood/chores...that's not a New Years Resolution type of thing...it's going to take capital to gain the type of cultural changes needed to make these improvements widespread and applicable to the exceptional and the mediocre

Let me sport my Air Hyperbole 2010s in peace. (c) ansomble

Building repetoires (c) spm since 1983

yes...if the average person become smarter and more responsible...yes...things will change...

but that's not how people improve...averages stay within a pretty constant range and it takes generations of continued improvements to sustain them...

it's not that more people need to become above average...

it's that their need to be simpler and easier to obtain solutions/alternatives for those from below average to above average...

relocation to non-urban areas isn't a viable solution en masse bc it would require an exodus of some sort to places with limited resources...

financial literacy needs to become a part not of just school but of childhood/chores...that's not a New Years Resolution type of thing...it's going to take capital to gain the type of cultural changes needed to make these improvements widespread and applicable to the exceptional and the mediocre

Let me sport my Air Hyperbole 2010s in peace. (c) ansomble

Building repetoires (c) spm since 1983

that shows that its sooo much more than "black people don't know any better" that affects home ownership.

redlining
racism in property valuation
discriminatory lending
discriminatory hiring
shit, the damn housing crisis that JUST happened pretty much wiped out the accumulated wealth of (mostly) black professional women, who were doing it all "the right way"

its not impossible to affect some change, but "black people we need to do better" isn't an actionable strategy or analysis

Hell, I forgot to drop this in the post, lol:

http://www.nytimes.com/2014/12/13/us/pew-research-finds-growing-net-worth-gap.html?_r=0

But every major city we live in has black banks. They discriminating too? Everything aint just the the system. The system sucks....but we have room to improve too.

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if your check is only enough to cover your rent, food, utilities, phone bill, transportation, and maaaaaaaaybe clothes with a few dollars left for emergencies, then saving for a down payment and the closing costs of home is not possible.

one emergency can wipe all of that out. not a major emergency, but something relatively minor for a middle-class person. a small incident, such as car trouble or paying the leftover portion that your health insurance won't cover, can ruin the financial situation of someone who's barely making ends meet.

that along with housing discrimination, predatory lending, redlining, and absence of generational wealth creates the situation we see today.

If you can't meet THOSE TWO criteria then you don't need to be buyin nobody's house

You can get a FHA loan for 3.5% down payment
say you're going to buy a $70,000 house
that is $2,450
But you can get a first time homebuyers program to gift you $2,500 for the down payment
then you need closing costs
you can get the seller to pay up to 6% of mortgage amount ($4,200) towards those
closing on a $70,000 house might be like $3,500 (or 5% of transaction)

that $1,000 is basically "show money" because the bank want to see you have at least two nickels to rub together when you come sit at the closing table

the example I gave will work in THE SOUTH
atlanta to birmingham to jackson to baton rouge to houston
up to dallas this will work
plenty of $70,000 homes in regular neighborhoods




so, why can't ppl get a 600 credit score and save $1,000?

you talkin bout like a $500 month payment for that $70,000 house
so, you only need to make (i mean GROSS) like $1,500 a month or $18,000 per year to qualify for it
that assumes you have no other monthly obligations such as student loans or child support or car note payments

****
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70K in NYC or Bay Area or LA won't go far. But, the point stands. YOu can get something in those areas if you want something


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he just poppin off at the mouth
70k property in NYC or LA?
what he smoking?

let's say you got this for $75,000 in pittsburgh
http://listings.realtycntr.com/realestatehomesforsale/2945-sacramento-avenue-sheraden-pa-15204-gid400022844743.html


you still at roughly $500 a month payment
and should be EASY to get that mortgage with 650 credit score and a few thousand ($3,500) in the bank
it can be done with 600 credit score and $1,000 in the bank but you need to be hustling HARD in order to make them ends mete

****
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And you could probably get something in Inland Empire for 70 as well.

Plus, we are talking hood spots that aren't gentrified.


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>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

****
pink toes: http://i.imgur.com/WN7DPL1

You're funny. You're uncle is the exception not the rule. But your uncle could rent that place and get a loan to buy in another spot. Anything he could get in rent would likely be profit given he has no mortgage.

I posted homes in Newark which is closer to Manhattan than much of the boroughs. You can live in Jersey and work in NY easy.

Now to your real point...you yourself laid a senario of how cats can get a 70K place with 600 fico and a g in the bank. I gave you cribs 20 minutes from NYC. But sense you asked and apparently don't know how to use zillow, here you go Mr. PHD: http://www.zillow.com/homes/New-York-NY_rb/

Now...do you know more about this than me? Probably. That's not why I'm here though. My point is that the system is all to blame when we get left out when an area gets gentrified. If you re-read what you wrote, you actually help prove my point.



Download my new mixtape featuring Lecrae, Andy Mineo, Christon Gray and more. Positive Hip Hop: http://www.noistrade.com/wadeoradio

>You're funny. You're uncle is the exception not the rule.
>But your uncle could rent that place and get a loan to buy in
>another spot. Anything he could get in rent would likely be
>profit given he has no mortgage.


Do you know anything about buying or selling real estate?
Do you like slumlords or being one?
My uncle could get sued for trying to rent his house in the condition it is in.
Furthermore, nobody would rent that house the way it is unless they want a trap house or like five mexican families that are trying to squeeze in it.
And furthermore, if my uncle rented his house at lets say $500 per month, then he himself would need to find a place to live which would be i guess $800 per month
so it would COST HIM $300 per month to rent his house

again, it all comes down to NUMBERS
no offence, but what is your background with issues like these?





>My point is that the system is all
>to blame when we get left out when an area gets gentrified.
>If you re-read what you wrote, you actually help prove my
>point.


the "system" is not to blame
i know of three areas in houston right now that can be EASILY gentrified for CHEAP and nobody would be to blame for that
but the ppl that moved in and tried to gentrify it would have to put up with bullets flying past their heads or having their doors kicked in and robbed for a few years before things really stabilized and started moving upwards
the reason why the home prices in them areas are so cheap is because of MURDERS and VIOLENCE
simple as that
tell you cousins to stop killing each other and gangbanging and the property values will increase

stop smoking blunts on the stoop and your property values will increase
that aint the "system" going against you
that's you yourself killing yourself

****
pink toes: http://i.imgur.com/WN7DPL1

I'm not going to argue about your uncle because again, your uncle is an exception. That is not most people's reality. But I didn't realize the house was in that bad a shape to where he couldn't rent it. He could just sell the hosue and the land and buy a new one. Yes it will cost him more money...but to your example an extra $300 a month his nothing.

My previous post should have said the system is not to blame. That is actually my whole point. Maybe we are saying the same thing and you know so much more than me that you can't see it.


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>I'm not going to argue about your uncle because again, your
>uncle is an exception. That is not most people's reality.
>But I didn't realize the house was in that bad a shape to
>where he couldn't rent it. He could just sell the hosue and
>the land and buy a new one. Yes it will cost him more
>money...but to your example an extra $300 a month his
>nothing.


my uncle is the exception because he has ZERO housing/mortgage debt???

if he sold that house he would net probably $20,000
with that money where is he going to live the rest of his life?
he's on social security

seriously, have you finished undergrad yet?
it seems to me you yourself are more of the problem because you don't have a basic understanding of real estate principles
you're thinking in a vacuum




>
>My previous post should have said the system is not to blame.
>That is actually my whole point. Maybe we are saying the same
>thing and you know so much more than me that you can't see
>it.


no the "system" is not to blame
we have choices
i own rental property
but i am currently renting an apartment for my family to live in by choice
i wouldnt dare have my family living in the areas where i own the rental property
too much violence
school systems are SHIT-TAY
the properties themselves are VERY good condition
just the areas they sit in are crappy

****
pink toes: http://i.imgur.com/WN7DPL1

Ok. You're right and I'm wrong. Thanks for the convo.



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Like, a lot of people are fleeing the Uptown and Cedar Springs for Oak Cliff b/c of it's proximity to downtown...unless he's further south. Then, that's another story. The southern parts of Oak Cliff have been in development hell for decades. So, damn near anything purchased out there is a depreciating return.

http://soundcloud.com/forestbrooks

over to Kiest park
all the way down to the airport/20

my dad's whole side of the fam is super deep in them areas
i'd say about 70% of them technically live in cedar crest tho
the east side of lancaster
still, all that shit btwn lancaster and marsalis aint no playground

i know they done turned Bishop Arts out
but as you said, they are slow to move southward

****
pink toes: http://i.imgur.com/WN7DPL1

Two of my aunts live in Highland Hills not far from there and lot of my high school friends used to get bused in from that area.

I'm not sure what it'll take for that side to get cleaned up, b/c there's no business or entertainment hub to really draw anyone that far south. Everything keeps getting built farther and farther north. They've done a bit of development in Cedar Hill, but that's way farther south.

http://soundcloud.com/forestbrooks

as well as a few house lots near Townview school and a house over by the zoo.

All these are family members homes that have died without a will and we've collected.
I'm the last of the mohicans so they all fell in my lap.

None of the houses I would feel comfortable with having anyone pay to live in.
Even the best condition house which my uncle lives in doesn't have a showerhead (only bathtub) and I know my wife be acting funny when we go visit (as i would if we visited her ppls out in the sticks of New Caney / Crockett).

But yeah, the areas near Townview and the zoo I think will pop next because their proximity to 30 and downtown
I can be to Reunion in less than 10 mins from my uncle's house. and if traffic looks stupid dumb I will just take Riverfront and hang a right on Corinth to get back to that side of town.

i been frequenting that area literally for the last 20 years
all the way back to when my cousins used to race cars/motorcycles and would take me with them to yellow belly race track

****
pink toes: http://i.imgur.com/WN7DPL1

http://www.zillow.com/homes/for_sale/Newark-NJ/12970_rid/0-70000_price/0-261_mp/pricea_sort/40.794708,-74.049053,40.667749,-74.314785_rect/11_zm/

Now yes those are listings and now final sale prices. But you get the point.

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http://www.realtor.com/realestateandhomes-detail/18-Wright-St_Newark-City_NJ_07114_M60976-93747


do you live in that area/neighborhood?
if so, can you tell us why Black ppl aren't trying to rehab their own community?

I don't know enough about Newark to say what goes on there

****
pink toes: http://i.imgur.com/WN7DPL1

I pass that block every morning taking my kids to school.

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

If that stretch of Clinton Ave and/ or Elizabeth Ave over there was turned into more a commercial strip, you'd see a lot of that.

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

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?

Download my new mixtape featuring Lecrae, Andy Mineo, Christon Gray and more. Positive Hip Hop: http://www.noistrade.com/wadeoradio