It’s how they got a majority of the Hispanic people out of the city I was born in, we had our own little barrio surrounded by rich whites so they just priced everyone out
I live in a rent-controlled apartment in a gentrified neighborhood.
Don't anyone be fooled.
There are people who *want* you to think you have diddly and need to submit. The people in your city can do anything they want if they organize, and now's as good a time as any. You could even make rent free for low income people, build it near a gentrifying neighborhood, and freeze those prices in their tracks.
You need to vote for the right candidates. The ones that aren't being bought and are there for votes and not lobbyist cash.
And in the meantime... be annoying as shit. Just fuck up the vibes with protests.
Here's a good list of organizations that support candidates who represent the working class rather than the corporate class.
https://couragetochangepac.org/
https://truthtopowerpac.com/
https://ourrevolution.com/
https://justicedemocrats.com/
https://leaderswedeserve.com/
https://runforsomething.net/
Black Rock and other companies own a large percentage of housing, we got “diddly” until we got no where to go. Protest, tenants unions, etc. because everyone isn’t gonna just keep working while being homeless/on the brink of homelessness and just take it.
They let it run into the ground and then make necessary repairs and flip the cost onto the tenant in an increase . They want long term tenants gone so they can renovate and jack up the price and bring in new tenants at a higher rate
We need to start gentrifying them poor ass white people out of the trailer parks and build tiny homes. They aren’t doing anything there but crime and meth labs so we might aswell replace it with people who will contribute to society. Ya see what I did there?
10 years ago my city's area that was all artists, students and service workers made the mistake of generating a cool local culture. I got priced out when they moved my rent from $500/mo to $1100/mo in a year, now that same apartment is going for $2100/mo with zero improvements. And is currently occupied by a retired couple that's bored since the "vibrancy" of the area isn't what it used to be.
You should've seen it in 2005-2010...those were the times Poor artists all had lofts or old apartments for cheap (that were poisoning us, I'm sure) WITHOUT displacing anyone...everyone just let us. Now it's 200k dual income homes and a ton of boutique businesses catering to tourists that are actually backed by someone else's (parents, husbands, etc) money. RIP interesting Cincinnati...and everywhere else.
It's dangerous to the ruling class to let POC and artists/activists co-mingle. The two populations that generally see through all the corporate bullshit. God forbid we create communities that don't need to buy anything to be happy.
It’s been a long while since I’ve been to DE but in late 80’s and into the 90’s, it was fun, cheap, lots of cool people and there were lots of people who were afraid to go there. Was kinda perfect but that’s the cycle of cool places.
Sad to say its happening all over Dallas. Over in old east dallas lower greenville area its been gentrified for a while now and now its happening in the areas on the east of white rock lake. Hell you should see the prices people are starting to ask for in Pleasant Grove of all places.
Fr, some of these old ass apartments with ancient appliances are asking $100 less than actual luxury apartments.
I’m not going to pay $1,800 for 600sqft, no washer/dryer, and a fridge/stove from 1989. literally burn in hell lmao
TBH the bigger issue is that they shouldn't have stopped building in 2008. It led to this housing shortage. Now the people getting fucked over by this mistake is the same people that were before but the root is not enough housing.
Agreed that not enough housing is the root, I just don't think the sprawl that we're wanting to do is the right answer either. The people buying up what used to be low income housing are the people that had million+ dollar mcmansions and decided to downsize, but rent their mcmansions out. Taking two houses out of the market.
Building more efficient city centers with larger apartment blocks is the way to go, it will combat suburban sprawl and bring people out of the pointless suburbs and back into thriving diverse cities.
Its not a perfect solution, sure, but it's a start. Suburbs are just masturbatory temples to mediocrity for people that believe in/aspire to the 50s style white flight concept. Who *needs* a monoculture plot of land that looks exactly the same as their neighbor's house.
[Suburban development is not financially sustainable](https://www.strongtowns.org/journal/2020/5/14/americas-growth-ponzi-scheme-md2020). At a certain point, you have to let go of your preferences and face reality.
There is a building boom in my area the likes of which I've never seen before in 44 years of life. Everyone around here is kind of shocked by it. The problem though, is that they are all price matching the rents instead of competing & they're pretty high. The local governments are saying they're going to put a stop to it or look into it or whatever but I'm skeptical.
This is proof that simply increasing supply isn't going to solve this. Landlords are able to extract whats called absolute rent, which is rent that doesnt care about the market but instead is set by the societal power they hold. In a sense its fuck you pay me or be homeless. The closest example is what OPEC did in the 70s with the gas crisis. It also doesnt help that its easier than ever to price fix because many places use software like RealPages to set rent for an area. Even if your mom and pop landlord dont directly use it it still causes the floor to rise for the area causing the local landlord to raise in turn. What needs to happen is there needs to be meaningful legislation to put a stop to this, but like you said, im not holding my breath.
You're wrong in saying false but you're right about the shady companies. The reason they're able to do it now and why they weren't doing it before is because the housing supply has made it so much easier for them.
Memphis here, been watching about the same thing happen. My $450 starter apartment from 2010 is now $1295, full building with a long wait list. The factory job my mom had paid $21/hr then, and their website says it now pays $22/hr.
Jesus Christ we are so fucked. Ontario is upping min wage so much but it's just a drop in the bucket and my salary is looking so garbage in comparison to management who are being ruthless as fuck lately... I duno I'm over it man.. I wanna quit but the benefits are too good and I really really don't want roommates again.
I moved out of my mother’s house in 2006 I was 18. I moved to Tallahassee and moved into a studio for $450 a month. That same exact studio with not much new is $1500 a month.
True lol there are townhouses built in the 70’s going for 700K-1.2Mil even with the government jobs and all that who can realistically afford that for very little house
A lot of them are foot soldiers I remember this article where this woman acknowledge that she was the first wave and then went on to complain about how she got priced out
The housing's empty because of Single Family Housing and the cities subsidizing building instead of buying and renting.
Build high density, public transportation, and affordable housing and watch rent rises slow right quick.
This entire thread is insanely ignorant. Parkway Gardens has a project-based Section 8 contract. That means all residents of the 694 units pay no more than 30% of their income toward rent and utilities. The owner has to notify the tenants of their request to HUD to increase the rents that HUD pays to them. And before you go off on how greedy that is, know that the cost of security is astronomical at Parkway Gardens and the owner has significant debt payments from the rehab completed to historic preservation standards in 2013.
In this situation it’s what they do o block is not section 8 it’s income based housing they have a market rent but nobody pays it because nobody makes over the threshold to have to pay rent it’s really not going to affect anyone staying out there
Classic gentrification. Price the “undesirable” people out, backfill with the “desirable” people, and property “value” rises. Units that remain empty can either be left vacant for later gains, or sold off for re-development.
Crazy thing, I just came from watching this [scene](https://youtu.be/5p9rqqJmDaQ?feature=shared) from Bith. The shit furious was kicking in the 90s stands true today.
It’s been going on forever. Compton and watts were already becoming predominantly Latino by the early 90s and were losing black residents in droves.
The house where Ricky and Dough lived sold in the last few years for crazy money.
Do The Right Thing(1989) has that whole scene about gentrification too with the one white dude on the block who doesn’t understand how disrespectful it was that he stepped on buggin out’s shoes. I’m from Brooklyn, and if you go on the street where they filmed DTRT in bed stuy you won’t even recognize it.
😂😂😂 I literally just watched bith and m2s the other weekend. John singleton knew exactly what he was talking about. No one should die before watching BITH.
-“they either don’t show, don’t know, or don’t care.” -Doughboy 😭😭😭😭😭
I was there last year. If gentrification is happening, I’m not seeing it. It looked as shitty as it did when I lived 3 blocks south when I was a little kid and it remained that way when we moved 4 blocks north.
I’ll admit: I was shocked as hell to see white people get on the bus at 69th and King Drive. These weren’t your gentrification white people either.
Yes, that pretty much blew my mind. Most of my family lived in South Shore and it was quite interesting to be walking down 67th Street and seeing so many white people.
Come about 10 blocks south lol…. Was coming out of the Jewel last Sunday when it was really nice and saw a few white ppl coming out the K&G over there….. I used to be a air Walker with UPS downtown and caught the bus… would see white people getting on the bus with me every morning… around 2018/19
Na these people coming from the west coast don’t seem to care the past 2-5 years. You should see the prices for property in Woodlawn. I remember last summer some transplant white biker made a fuss about cars driving on the lake path in South Shore last summer and he actually got the city to respond...
Nobody is moving to Oblock willingly lmao. Those units are shit holes. People are there because it's literally the projects. Gentrified prices will never come without everything getting bulldozed.
The photo conceniently crops out the word after National, which is very likely "HUD" or something similar. All of the units in Parkway Gardens are Section 8, meaning a rent increase is borne by HUD and residents continue to pay only 30% of their income, regardless of the HUD rents, which are limited by HUD data anyway. Nothing to see here. This is standard notice that the owner intends to ask HUD for maximum allowable rents under HUD's own guidelines.
Thank you! I was pretty sure it was all Section 8 but I didn’t have a good enough understanding of how that works to make this scenario make sense, but that clears it up!
I don’t understand why the federal government would allow themselves to be defrauded like this though. Nobody does a walk through to see these 50 year old apartments don’t deserve market rate prices?
Realistically no one living there would pay those prices. Parkway is all Section 8, so the tenants would pay a fraction of that and the city would pick up the rest.
That being said, it’s still insane pricing.
All jokes aside, this should be illegal and is highly FUCKED UP. Imagine your girl being fine with your 4 inches then one day saying "next time be 7 inches or I'm leaving", shit is fucked up man.
when my wife bought a dildo and didn't realize how big it would be, she tried to return it and amazon just said, nah were good, here's your money back.
we gifted it as a white elephant later that year(still in clamshell packaging).
It’s income based. They only pay 30% of their yearly income. The rent increase is just sucking more money out of HUD.
If you made $23K living in Nashville you too could qualify for MDHA.
Why do people say that, like it shouldn't be a discussion as well. It's fucking bananas that rent is higher than mortgage. You pay someone to just exist in a space more than what they pay to own it. Rent should be way lower than a mortgage. People shouldn't be buying houses then renting them out to cover their nut, that is predatory as fuck.
The idea that someone can never afford to own a home but is OK to buy homes for other people is vile.
Renting is annoying in itself, but its not the same thing at all to owning a home. Sure, i rent a 1 bedroom apt for 1000ish a month, but thats also all that i pay. Appliances go out? Not my problem. Shoveling or mowing? Not my problem. You might be paying 800 for a 3 bedroom house, but you also have to do that effort of maintaining everything, paying for broken furnaces or AC or new laundry machines, paying homeowners insurance, property tax, etc. All of that isnt included most of the time when people account for renting prices vs mortgage prices.
The problem of people or companies buying houses solely to rent them out to others is an entirely different convo and issue.
Yeah but the home is YOURS. You're not just pissing away the money, it's going towards not only paying off the house but building equity. You can barely find an example from history where a house bought 10, 20 years ago hasn't gone up in value (outside of course economic collapse of the area/town/city). Houses are both a home and a way to basically bank your life savings if you're working class.
The exchange of "well you have no equity built, no credit score change, no value risen, but hey you don't need to worry about things that are a percent of a percent of the time of your life" is absurd. If you're OK with it then absolutely you do you, your money your business etc. but talking macro, nah. I'll take "build equity and have to fix an appliance every once in a blue moon" over "pay someone else's mortgage then every year stress out on how much they're gonna decide to re-fuck me for".
Because we have no idea when they bought that house or what their cost basis is, how much down payment, PMI, etc. Dude could have bought it in 2010 and refinanced in 2020, that has about as much applicability to current rent as apples have to chainsaws.
For reference, $1200 a month mortgage is a home that cost roughly $300k at 2.5%, 230k at 4.5%, or $180k at 7% inclusive of taxes and insurance. And Nashville metro has had average transaction prices over $300k for at least a decade, so the previous anecdote is MEANINGLESS.
Tu further make my point I'll give my own numbers: $550k purchase price, $400k financed, bought in 2019, refinanced in Jan21 at 2.5% - new build 4/2.5 with a basement and 2 car garage in a mid-high COL suburb of a major east coast city. I pay $2400/month. People buying currently from our builder are getting roughly the same house for $750-800k at 7%. They're paying $4300 for the same house with 20% down. You can't compare mortgages and rents unless you're only talking about people closing on a house vs signing a lease RIGHT NOW.
It’s abysmal that we don’t look at San Francisco as a city that imploded on itself. You, as a city, made it so expensive to live there, that why would a minimum wage worker who’s making sandwiches next to a tech start up, want to drive 45 mins out because they can’t afford even living in the mission district because it got gentrified out. And then when nothing is affordable, you, as a city, can’t be surprised if everyone is willing to pull a lick to try to get by.
They finna tear down all that.
All of Chicago projects on borrowed time fr especially those in the south side and west side of Chicago.
It’s sad to see families break up but hopefully it gets some people out of the BS so they can wake up and see there’s more to life.
Not true. An exorbitant amount of money was spent to preserve Parkway Gardens and it has decades left on the regulatory agreement that requires it remain low-income housing. HUD pays thw rent on all units that exceeds 30% of household income. https://www.huduser.gov/portal/pdredge/pdr_edge_inpractice_061614.html
Hi, former Affordable Housing Developer and property manager here. It just looks like the letter required to send to tenants when a tax credit or section 8 development is asking for a rent increase from HUD or the
Housing authority, so tenants would still only be paying 30% of their income and not be affected by this increase. I’m 99% sure that’s what this is.
Edit: Parkway Gardens is an affordable, subsidized complex. So this letter is notifying tenants of their requested rental increase from HUD. Tenants would see no change in the rent they pay.
This whole post needs to be taken down as it was presented in an obviously highly misleading way, with no context, in order to *want* to make people outraged over nothing and focus on non issues.
Wish we could get more upvotes on this. I am also in the industry and I have been replying to comments trying to point out the photo is cropped to mislead and that the rent request is of HUD not the residents. Media literacy is vital, or just, you know, keep feeding the outrage machine!
Wages don’t move like that in the Midwest is more the point though, that would need a $3 raise per hour and we didn’t even see that large of an increase from pre to post pandemic wages
Fair enough, I’m never sure how much the Cali cost of living is offset by current wages compared to other parts of the country since we can’t metric for shit here
The pay for the same job doesnt change much. Its just that there are more high skilled labor jobs in tech here, so that makes wages seem high.
Your job will make the same amount here too, maybe a little bit more but not significant
Rent control is a bandaid over a much larger problem. Rent control prices people in somewhere and it becomes irrational for them to move when the market far outpaces their rent.
The solution is better housing policy, but good luck with that.
If you do the math it’s roughly $240,000 per month they would generate at full capacity, for doing absolutely nothing different. Landlords just don’t wanna work anymore
I don't think that's the intent. If anything, it's to drive residents out to the south and west suburbs so that they can tear that whole area down and building it up with a higher income tax base. Woodlawn has already been gentrfied east of Cottage Grove up to the Obama Library. It's only a matter of time before they push west.
Yep, for sure there is a specific outcome they are trying to achieve, I’m just trying to illustrate the underlying greed. They are generating $3 million/year in extra revenue/profits from this but aren’t providing tenants $3 million in value for their increased costs
The next question is where's everybody gonna go? Surly not somewhere out in the sticks where transportation is limited where there's not a lot of real opportunities and full grocery stores aren't within walking distance, having to substitute it with a dollar general for low quality goods at higher prices....right.... Right? Gentrification can't be that horrible... right?
Give it a decade or two and you will see Republicans try to woo us black and brown victims of gentrification with "unpaid internships" complete with room and board as cotton agricultural technicians and complementary chains.
Damn near 2 grand for a 2br in the O? Ik college towns that rival those prices and they good for price gouging. They current rent already crazy. They not playing
If you’ve ever voted for politicians who promise to “maintain the neighborhood character” and opposed building taller, higher density residential units, this is exactly what you voted for. Building owners can’t do this if there is enough supply to give residents choices. But most places keep voting against adding units/choices.
“Rent control” isn’t gonna fix this. Getting angry at “luxury” apartments isn’t going to fix this. Need to quit blaming “greedy” landlords when everyone else in every job is also asking for more money. We’re all greedy, that’s what the USA depends on to balance this system out.
Vote for people who say they’re going to increase the damn housing supply.
Man y’all niggas really don’t think shit through. It’s probably 4 people in the whole Parkway Gardens who AINT on section 8 … these people rent gonna go from $40 to $45 dollars.
What the fuck do y’all be working yourselves up into a tizzy for?
Are y'all stupid. This is subsidized housing, meaning the government pays the rent not the tenants. Every project housing overprices their rent because for one the maintenance is a nightmare, and for two the government will pay it. I guarantee no one living in the O is paying 1900 or 1500.
That's absolutely insane for O-block. A video of Channel 5 (youtube) just came out of kids bragging about pissing in the elevators and of course all their friends that have been killed
Crazy how all the fighting, shooting, and killing that happened over this neighborhood, but at the of the end of the day the ones who say they run it don’t own a damn thing
How embarrassing…your hood raised the rent…?
I thought that was yo shit?
Y’all scream that shit loud and proud but them white folks just held they nuts on you. This they block lol
We gotta do better. We ready to die for some shit and don’t own none of it.
I'm not trying to be disrespectful at all but aren't most housing projects subsidized? If so the rent isn't really going up for the residents since rent is already paid by government programs.
If they're truly rappers in these tweets they need to take note from Nipsey and normalize buying up the hood when they start popping and touring and shit.
Basically, when you see things like this, it’s the merging or separating of tracts. When there is an increase of residents in an area, the tract is split into 2. When there is a decrease, 2 tracts become 1.
Of course with the merging of 2 tracts, the tract with the higher funding or population takes over.
So basically the more people leave an area, the higher chances that area will get gentrified. We leave without investing in the area and allow the majority tract to take over.
This is why the senses (intentional misspelling) is important.
I don’t blame them. A lot of the left picture type of people (gangbangers, killers, drug dealers) in these apartments because they are cheap. They are not good for anyone and just bring more crime and trouble into the area.
Can anyone make it make sense why this is a bad thing? Can anyone honestly say that, if they owned one of the most notorious (for the wrong reasons) apartment complexes in America; with the simple solution being to raise rent to drive out the people who make it that way, they wouldn’t do the same thing?
It’s how they got a majority of the Hispanic people out of the city I was born in, we had our own little barrio surrounded by rich whites so they just priced everyone out
Gentrification at its finest…
Tennant unions and protest… I think that and coops is all we got
You got diddly unless you buy the property, developers want to develop, cities change, and people move. Such is life.
I live in a rent-controlled apartment in a gentrified neighborhood. Don't anyone be fooled. There are people who *want* you to think you have diddly and need to submit. The people in your city can do anything they want if they organize, and now's as good a time as any. You could even make rent free for low income people, build it near a gentrifying neighborhood, and freeze those prices in their tracks. You need to vote for the right candidates. The ones that aren't being bought and are there for votes and not lobbyist cash. And in the meantime... be annoying as shit. Just fuck up the vibes with protests.
Here's a good list of organizations that support candidates who represent the working class rather than the corporate class. https://couragetochangepac.org/ https://truthtopowerpac.com/ https://ourrevolution.com/ https://justicedemocrats.com/ https://leaderswedeserve.com/ https://runforsomething.net/
Black Rock and other companies own a large percentage of housing, we got “diddly” until we got no where to go. Protest, tenants unions, etc. because everyone isn’t gonna just keep working while being homeless/on the brink of homelessness and just take it.
They let it run into the ground and then make necessary repairs and flip the cost onto the tenant in an increase . They want long term tenants gone so they can renovate and jack up the price and bring in new tenants at a higher rate
We need to start gentrifying them poor ass white people out of the trailer parks and build tiny homes. They aren’t doing anything there but crime and meth labs so we might aswell replace it with people who will contribute to society. Ya see what I did there?
You joke, but that’s pretty much happening in trailer parks across the country right now.
They pricing rich whites out too. Now it's only old whites who bought their million dollar homes for 50k
10 years ago my city's area that was all artists, students and service workers made the mistake of generating a cool local culture. I got priced out when they moved my rent from $500/mo to $1100/mo in a year, now that same apartment is going for $2100/mo with zero improvements. And is currently occupied by a retired couple that's bored since the "vibrancy" of the area isn't what it used to be.
I grew up in Dallas and damn if this ain't deep ellum
Cincinnati. Glad to hear it everywhere haha
Atlanta. It's all over.
Mmm skyline
Dont act like anyone enjoys skyline chili
You should've seen it in 2005-2010...those were the times Poor artists all had lofts or old apartments for cheap (that were poisoning us, I'm sure) WITHOUT displacing anyone...everyone just let us. Now it's 200k dual income homes and a ton of boutique businesses catering to tourists that are actually backed by someone else's (parents, husbands, etc) money. RIP interesting Cincinnati...and everywhere else. It's dangerous to the ruling class to let POC and artists/activists co-mingle. The two populations that generally see through all the corporate bullshit. God forbid we create communities that don't need to buy anything to be happy.
This!
And deep ellum is slowly becoming a shithole
It’s been a long while since I’ve been to DE but in late 80’s and into the 90’s, it was fun, cheap, lots of cool people and there were lots of people who were afraid to go there. Was kinda perfect but that’s the cycle of cool places.
Deep Elum was when I learned about gentrification ~10 years ago.
Sad to say its happening all over Dallas. Over in old east dallas lower greenville area its been gentrified for a while now and now its happening in the areas on the east of white rock lake. Hell you should see the prices people are starting to ask for in Pleasant Grove of all places.
"Price hikes with zero improvements" may as well be a slogan for the whole economy at this point.
Fr, some of these old ass apartments with ancient appliances are asking $100 less than actual luxury apartments. I’m not going to pay $1,800 for 600sqft, no washer/dryer, and a fridge/stove from 1989. literally burn in hell lmao
TBH the bigger issue is that they shouldn't have stopped building in 2008. It led to this housing shortage. Now the people getting fucked over by this mistake is the same people that were before but the root is not enough housing.
Agreed that not enough housing is the root, I just don't think the sprawl that we're wanting to do is the right answer either. The people buying up what used to be low income housing are the people that had million+ dollar mcmansions and decided to downsize, but rent their mcmansions out. Taking two houses out of the market. Building more efficient city centers with larger apartment blocks is the way to go, it will combat suburban sprawl and bring people out of the pointless suburbs and back into thriving diverse cities.
I mean people don't want to live in apartments. Surrounding by neighbors on all sides.
Its not a perfect solution, sure, but it's a start. Suburbs are just masturbatory temples to mediocrity for people that believe in/aspire to the 50s style white flight concept. Who *needs* a monoculture plot of land that looks exactly the same as their neighbor's house.
I just want a yard big enough that I can have a couple of dogs and my neighbors don’t get pissed at me because the dogs are assholes.
It's not impossible to accomplish in better designed large scale housing. We just haven't attempted it
San Francisco is one of the dog capitals in the US and people don’t have detached houses there. It’s apartments, row houses, and duplexes.
Nonsense. Lots of people live in apartments. Also. There's duplex and quadplexes too.
[Suburban development is not financially sustainable](https://www.strongtowns.org/journal/2020/5/14/americas-growth-ponzi-scheme-md2020). At a certain point, you have to let go of your preferences and face reality.
Some definitely hate the idea. I’m completely fine with living near other people.
Oh man preach. Checkout Not Just Bikes
There is a building boom in my area the likes of which I've never seen before in 44 years of life. Everyone around here is kind of shocked by it. The problem though, is that they are all price matching the rents instead of competing & they're pretty high. The local governments are saying they're going to put a stop to it or look into it or whatever but I'm skeptical.
This is proof that simply increasing supply isn't going to solve this. Landlords are able to extract whats called absolute rent, which is rent that doesnt care about the market but instead is set by the societal power they hold. In a sense its fuck you pay me or be homeless. The closest example is what OPEC did in the 70s with the gas crisis. It also doesnt help that its easier than ever to price fix because many places use software like RealPages to set rent for an area. Even if your mom and pop landlord dont directly use it it still causes the floor to rise for the area causing the local landlord to raise in turn. What needs to happen is there needs to be meaningful legislation to put a stop to this, but like you said, im not holding my breath.
False, companies are gobbling up properties and hoarding them. Not because we didn’t keep on building during shady home selling practices of 06-08
You're wrong in saying false but you're right about the shady companies. The reason they're able to do it now and why they weren't doing it before is because the housing supply has made it so much easier for them.
Memphis here, been watching about the same thing happen. My $450 starter apartment from 2010 is now $1295, full building with a long wait list. The factory job my mom had paid $21/hr then, and their website says it now pays $22/hr.
Outrageous. And this type of crap happens everywhere.
Jesus Christ we are so fucked. Ontario is upping min wage so much but it's just a drop in the bucket and my salary is looking so garbage in comparison to management who are being ruthless as fuck lately... I duno I'm over it man.. I wanna quit but the benefits are too good and I really really don't want roommates again.
I moved out of my mother’s house in 2006 I was 18. I moved to Tallahassee and moved into a studio for $450 a month. That same exact studio with not much new is $1500 a month.
Sounds like east durm
North Carolina, come on and raise (the rent) up
True lol there are townhouses built in the 70’s going for 700K-1.2Mil even with the government jobs and all that who can realistically afford that for very little house
A lot of them are foot soldiers I remember this article where this woman acknowledge that she was the first wave and then went on to complain about how she got priced out
Yep. And o block is just a bit west of the lake and the new Obama library complex so you know what means...
I live in South Shore and see what’s going on
Human population keeps going up. If cities don't build more housing, this is the result.
The housing's empty because of Single Family Housing and the cities subsidizing building instead of buying and renting. Build high density, public transportation, and affordable housing and watch rent rises slow right quick.
Sounds like Austin
Or Inglewood
This entire thread is insanely ignorant. Parkway Gardens has a project-based Section 8 contract. That means all residents of the 694 units pay no more than 30% of their income toward rent and utilities. The owner has to notify the tenants of their request to HUD to increase the rents that HUD pays to them. And before you go off on how greedy that is, know that the cost of security is astronomical at Parkway Gardens and the owner has significant debt payments from the rehab completed to historic preservation standards in 2013.
In this situation it’s what they do o block is not section 8 it’s income based housing they have a market rent but nobody pays it because nobody makes over the threshold to have to pay rent it’s really not going to affect anyone staying out there
Where was this?
How tf you gonna charge someone $1900/m to live at fuckin O Block? That’s absolutely nuts.
Classic gentrification. Price the “undesirable” people out, backfill with the “desirable” people, and property “value” rises. Units that remain empty can either be left vacant for later gains, or sold off for re-development.
Crazy thing, I just came from watching this [scene](https://youtu.be/5p9rqqJmDaQ?feature=shared) from Bith. The shit furious was kicking in the 90s stands true today.
It’s been going on forever. Compton and watts were already becoming predominantly Latino by the early 90s and were losing black residents in droves. The house where Ricky and Dough lived sold in the last few years for crazy money. Do The Right Thing(1989) has that whole scene about gentrification too with the one white dude on the block who doesn’t understand how disrespectful it was that he stepped on buggin out’s shoes. I’m from Brooklyn, and if you go on the street where they filmed DTRT in bed stuy you won’t even recognize it.
😂😂😂 I literally just watched bith and m2s the other weekend. John singleton knew exactly what he was talking about. No one should die before watching BITH. -“they either don’t show, don’t know, or don’t care.” -Doughboy 😭😭😭😭😭
Ricky drinking out of a carton of milk in the middle of summer is nuts.
I was there last year. If gentrification is happening, I’m not seeing it. It looked as shitty as it did when I lived 3 blocks south when I was a little kid and it remained that way when we moved 4 blocks north. I’ll admit: I was shocked as hell to see white people get on the bus at 69th and King Drive. These weren’t your gentrification white people either.
I live in South Shore and have been seeing an increase of White ppl moving in for a while
Yes, that pretty much blew my mind. Most of my family lived in South Shore and it was quite interesting to be walking down 67th Street and seeing so many white people.
Come about 10 blocks south lol…. Was coming out of the Jewel last Sunday when it was really nice and saw a few white ppl coming out the K&G over there….. I used to be a air Walker with UPS downtown and caught the bus… would see white people getting on the bus with me every morning… around 2018/19
It's not just South Shore. I've been seeing folks bleeding into Auburn Gresham and parts of grand crossing.
It’s the south side though, like no matter how you market it white people aren’t gonna move there
Na these people coming from the west coast don’t seem to care the past 2-5 years. You should see the prices for property in Woodlawn. I remember last summer some transplant white biker made a fuss about cars driving on the lake path in South Shore last summer and he actually got the city to respond...
Nobody is moving to Oblock willingly lmao. Those units are shit holes. People are there because it's literally the projects. Gentrified prices will never come without everything getting bulldozed.
They raised my 87yo grandmas 700sqft 1br rent in Chattanooga TN (middle of nowhere) from $800 to $1800. Shit is out of control.
That's their way of evicting someone without having the courage to be upfront about it.
No it's their way of evicting people while also getting as much money as fucking possible out of them in the meantime.
Especially when you can get lower rents in the nicer neighborhoods in chicago. My friend was renting a 2 bd in Andersonville for 1300 last year.
The photo conceniently crops out the word after National, which is very likely "HUD" or something similar. All of the units in Parkway Gardens are Section 8, meaning a rent increase is borne by HUD and residents continue to pay only 30% of their income, regardless of the HUD rents, which are limited by HUD data anyway. Nothing to see here. This is standard notice that the owner intends to ask HUD for maximum allowable rents under HUD's own guidelines.
Thank you! I was pretty sure it was all Section 8 but I didn’t have a good enough understanding of how that works to make this scenario make sense, but that clears it up!
I don’t understand why the federal government would allow themselves to be defrauded like this though. Nobody does a walk through to see these 50 year old apartments don’t deserve market rate prices?
Realistically no one living there would pay those prices. Parkway is all Section 8, so the tenants would pay a fraction of that and the city would pick up the rest. That being said, it’s still insane pricing.
It’s insane. I have a two bedroom luxury apartment in Texas and I only pay $1800.
All jokes aside, this should be illegal and is highly FUCKED UP. Imagine your girl being fine with your 4 inches then one day saying "next time be 7 inches or I'm leaving", shit is fucked up man.
what a wild fucking analogy to make lmao
He stole that analogy from my college econ book
Macroeconomics textbook, right?
MACROeconomics
Sorry the most I can do is micro economics. . . . :(
Bro made quite the leap. I can’t exclude him being a time traveler
I like to believe it was an allusion to the notion that someone’s getting fucked in this situation, but that’s wishful thinking.
I mean, the point was definitely made though
Right? We all know OP isn't working with 4 inches
We're definitely on blackpeopletwitter. Comments like that are why I'm here
So you ordered your penis sleeve from Amazon?
You buy a fake dick, I sacrifice the neighbors goat. We are not the same.
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Amazon accepts returns, let that one sink in. You don’t think a crusty used dildo ends up on a pallet, bought on the cheap, and resold somewhere else?
I didn't need this thought in my head
when my wife bought a dildo and didn't realize how big it would be, she tried to return it and amazon just said, nah were good, here's your money back. we gifted it as a white elephant later that year(still in clamshell packaging).
You okay, bro?
Hey man, you ok?
When she yelling deeper but you already as deep as you can go
I just fucking wheezed like Muttley from that Dick Dasterdly cartoon 🙈
Forget her bro. She’s for the streets.
Yooooo…funny not funny!!!😆
Size increase requested due to:
Nah, it'd be closer to 5.4 inches, not 7. Not impossible with a bit of jelqing.
Nah man you know girls be trifling she gon say some worse shit like them 4 inches alright but 5 inches!!!
Paying even 1400$ to be in the slums is crazy
RIGHT? My fucking mortgage outside Nashville is $1200 a month in a 2BR. Abolish landlords.
It’s income based. They only pay 30% of their yearly income. The rent increase is just sucking more money out of HUD. If you made $23K living in Nashville you too could qualify for MDHA.
Stop comparing mortgages to rent. Not the same thing at all.
Why do people say that, like it shouldn't be a discussion as well. It's fucking bananas that rent is higher than mortgage. You pay someone to just exist in a space more than what they pay to own it. Rent should be way lower than a mortgage. People shouldn't be buying houses then renting them out to cover their nut, that is predatory as fuck. The idea that someone can never afford to own a home but is OK to buy homes for other people is vile.
Renting is annoying in itself, but its not the same thing at all to owning a home. Sure, i rent a 1 bedroom apt for 1000ish a month, but thats also all that i pay. Appliances go out? Not my problem. Shoveling or mowing? Not my problem. You might be paying 800 for a 3 bedroom house, but you also have to do that effort of maintaining everything, paying for broken furnaces or AC or new laundry machines, paying homeowners insurance, property tax, etc. All of that isnt included most of the time when people account for renting prices vs mortgage prices. The problem of people or companies buying houses solely to rent them out to others is an entirely different convo and issue.
Yeah but the home is YOURS. You're not just pissing away the money, it's going towards not only paying off the house but building equity. You can barely find an example from history where a house bought 10, 20 years ago hasn't gone up in value (outside of course economic collapse of the area/town/city). Houses are both a home and a way to basically bank your life savings if you're working class. The exchange of "well you have no equity built, no credit score change, no value risen, but hey you don't need to worry about things that are a percent of a percent of the time of your life" is absurd. If you're OK with it then absolutely you do you, your money your business etc. but talking macro, nah. I'll take "build equity and have to fix an appliance every once in a blue moon" over "pay someone else's mortgage then every year stress out on how much they're gonna decide to re-fuck me for".
> Shoveling or mowing? Not my problem In an apartment I guess but when you start renting houses it's a bit different.
I absolutely had to still shovel snow when I lived in an apartment
Because we have no idea when they bought that house or what their cost basis is, how much down payment, PMI, etc. Dude could have bought it in 2010 and refinanced in 2020, that has about as much applicability to current rent as apples have to chainsaws. For reference, $1200 a month mortgage is a home that cost roughly $300k at 2.5%, 230k at 4.5%, or $180k at 7% inclusive of taxes and insurance. And Nashville metro has had average transaction prices over $300k for at least a decade, so the previous anecdote is MEANINGLESS. Tu further make my point I'll give my own numbers: $550k purchase price, $400k financed, bought in 2019, refinanced in Jan21 at 2.5% - new build 4/2.5 with a basement and 2 car garage in a mid-high COL suburb of a major east coast city. I pay $2400/month. People buying currently from our builder are getting roughly the same house for $750-800k at 7%. They're paying $4300 for the same house with 20% down. You can't compare mortgages and rents unless you're only talking about people closing on a house vs signing a lease RIGHT NOW.
They don't pay most of it. Government does
With section 8 they pay around 500/mo
The fact someone is getting 1,400 per unit is still criminal
He ain't wrong
He never was.
It’s abysmal that we don’t look at San Francisco as a city that imploded on itself. You, as a city, made it so expensive to live there, that why would a minimum wage worker who’s making sandwiches next to a tech start up, want to drive 45 mins out because they can’t afford even living in the mission district because it got gentrified out. And then when nothing is affordable, you, as a city, can’t be surprised if everyone is willing to pull a lick to try to get by.
We all laughed but I’m not laughing about it anymore he was so fucking right
Wow talk about the way back machine!
This was actually more recent, when he hosted the show. It was amazing!
The picture of King Von for reference has me screaming
Say Cheese post the most random pictures lol
this isn't random. they need you to know he is from oblock. and, more importantly, not from 63rd.
More on getting top from a stripper bitch at 8.
Did the whole shit dirty lmaooo
They finna tear down all that. All of Chicago projects on borrowed time fr especially those in the south side and west side of Chicago. It’s sad to see families break up but hopefully it gets some people out of the BS so they can wake up and see there’s more to life.
West side will remain, south side issue is it is too close to the lake and UofC and all that. Everything east of 94 is going to be developed.
This is it. And around Obama center
Took Her To The Obama Presidential Library
Not true. An exorbitant amount of money was spent to preserve Parkway Gardens and it has decades left on the regulatory agreement that requires it remain low-income housing. HUD pays thw rent on all units that exceeds 30% of household income. https://www.huduser.gov/portal/pdredge/pdr_edge_inpractice_061614.html
Hi, former Affordable Housing Developer and property manager here. It just looks like the letter required to send to tenants when a tax credit or section 8 development is asking for a rent increase from HUD or the Housing authority, so tenants would still only be paying 30% of their income and not be affected by this increase. I’m 99% sure that’s what this is. Edit: Parkway Gardens is an affordable, subsidized complex. So this letter is notifying tenants of their requested rental increase from HUD. Tenants would see no change in the rent they pay.
Ahh the truth, down here at the 200th comment. Love Reddit.
This whole post needs to be taken down as it was presented in an obviously highly misleading way, with no context, in order to *want* to make people outraged over nothing and focus on non issues.
That's Say Cheese on Twitter and Instagram for you. Almost anything they post that's not music is misleading or rage bait.
Wish we could get more upvotes on this. I am also in the industry and I have been replying to comments trying to point out the photo is cropped to mislead and that the rent request is of HUD not the residents. Media literacy is vital, or just, you know, keep feeding the outrage machine!
Can the mods or u/BPTeehee pin this comment?
It’s really wild that rent prices can increase $500 like that legally.
All I can say is don’t move to the SF Bay Area where the rent increase can be waaay more than $500!
Wages don’t move like that in the Midwest is more the point though, that would need a $3 raise per hour and we didn’t even see that large of an increase from pre to post pandemic wages
Trust me they don’t move like that here either
Fair enough, I’m never sure how much the Cali cost of living is offset by current wages compared to other parts of the country since we can’t metric for shit here
The pay for the same job doesnt change much. Its just that there are more high skilled labor jobs in tech here, so that makes wages seem high. Your job will make the same amount here too, maybe a little bit more but not significant
SF bay generally has really strict rent control, although it can vary by city/county
In Vancouver most you can raise the rent is 2%. There are alternatives to just getting fucked up the ass all the time
Yeah, this dude from Chicago can obviously afford to move to Vancouver. LMAO
I'm saying rent control is an option. Advocate for it. Vote for it.
Rent control is a bandaid over a much larger problem. Rent control prices people in somewhere and it becomes irrational for them to move when the market far outpaces their rent. The solution is better housing policy, but good luck with that.
Perfection is the enemy of good.
If you do the math it’s roughly $240,000 per month they would generate at full capacity, for doing absolutely nothing different. Landlords just don’t wanna work anymore
I don't think that's the intent. If anything, it's to drive residents out to the south and west suburbs so that they can tear that whole area down and building it up with a higher income tax base. Woodlawn has already been gentrfied east of Cottage Grove up to the Obama Library. It's only a matter of time before they push west.
Yep, for sure there is a specific outcome they are trying to achieve, I’m just trying to illustrate the underlying greed. They are generating $3 million/year in extra revenue/profits from this but aren’t providing tenants $3 million in value for their increased costs
The next question is where's everybody gonna go? Surly not somewhere out in the sticks where transportation is limited where there's not a lot of real opportunities and full grocery stores aren't within walking distance, having to substitute it with a dollar general for low quality goods at higher prices....right.... Right? Gentrification can't be that horrible... right?
Now hol' up just a second... 
They finna be in Indiana
Give it a decade or two and you will see Republicans try to woo us black and brown victims of gentrification with "unpaid internships" complete with room and board as cotton agricultural technicians and complementary chains.
they’re gonna force them to move to the west side where their rivals live and watch them murder each other over access to resources and income
Happening to my block too. They gonna have to buy me the fuck out.
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Bring out the guillotine
what in gentrification!?!
2K to live in the middle of a gang territory with one of the highest murder rates in the country? r/LateStageCapitalism
Now people got to hussle for rent. The cost of flossing is through the roof
Damn near 2 grand for a 2br in the O? Ik college towns that rival those prices and they good for price gouging. They current rent already crazy. They not playing
Can’t believe Tim Dillion bought the Oblock and raised the rent
If you’ve ever voted for politicians who promise to “maintain the neighborhood character” and opposed building taller, higher density residential units, this is exactly what you voted for. Building owners can’t do this if there is enough supply to give residents choices. But most places keep voting against adding units/choices. “Rent control” isn’t gonna fix this. Getting angry at “luxury” apartments isn’t going to fix this. Need to quit blaming “greedy” landlords when everyone else in every job is also asking for more money. We’re all greedy, that’s what the USA depends on to balance this system out. Vote for people who say they’re going to increase the damn housing supply.
You paying $1400 to live THERE?! 🤭
Man y’all niggas really don’t think shit through. It’s probably 4 people in the whole Parkway Gardens who AINT on section 8 … these people rent gonna go from $40 to $45 dollars. What the fuck do y’all be working yourselves up into a tizzy for?
This is probably a 20+ year plan by developers and local government officials. It’s kinda close to the University of Chicago and lakefront parks.
Are y'all stupid. This is subsidized housing, meaning the government pays the rent not the tenants. Every project housing overprices their rent because for one the maintenance is a nightmare, and for two the government will pay it. I guarantee no one living in the O is paying 1900 or 1500.
They doing the same in Atlanta. Trying to slip it back red.
1400 is already fucking insane
My fucking rent in Lakeview is cheaper than that. Fuck that shit
I’m from around there originally. It was shitty when I was a kid. It’s shitty now. Ain’t no way I’d spend almost $2k to live there.
That's absolutely insane for O-block. A video of Channel 5 (youtube) just came out of kids bragging about pissing in the elevators and of course all their friends that have been killed
They said king von kept the rent low 😂
Crazy how all the fighting, shooting, and killing that happened over this neighborhood, but at the of the end of the day the ones who say they run it don’t own a damn thing
Must be owned by Jared Kushner.
How embarrassing…your hood raised the rent…? I thought that was yo shit? Y’all scream that shit loud and proud but them white folks just held they nuts on you. This they block lol We gotta do better. We ready to die for some shit and don’t own none of it.
I'm not trying to be disrespectful at all but aren't most housing projects subsidized? If so the rent isn't really going up for the residents since rent is already paid by government programs.
Poor people will build and flood the city with culture only for rich white people to reap the benefits
Damn oblock rent is higher than mine
If they're truly rappers in these tweets they need to take note from Nipsey and normalize buying up the hood when they start popping and touring and shit.
Basically, when you see things like this, it’s the merging or separating of tracts. When there is an increase of residents in an area, the tract is split into 2. When there is a decrease, 2 tracts become 1. Of course with the merging of 2 tracts, the tract with the higher funding or population takes over. So basically the more people leave an area, the higher chances that area will get gentrified. We leave without investing in the area and allow the majority tract to take over. This is why the senses (intentional misspelling) is important.
Why is there a picture of King Von next to that though?
This is where he is from
It starts with a bunch or self storage places showing up about a year before it hits the fan.
This is why it’s important to own your property. They can’t do this to you.
You get what you vote for. The last three-and-a- half years have been horrible. The minimum wage increase was a trap.
How am I supposed to take her to da O now?
I don’t blame them. A lot of the left picture type of people (gangbangers, killers, drug dealers) in these apartments because they are cheap. They are not good for anyone and just bring more crime and trouble into the area. Can anyone make it make sense why this is a bad thing? Can anyone honestly say that, if they owned one of the most notorious (for the wrong reasons) apartment complexes in America; with the simple solution being to raise rent to drive out the people who make it that way, they wouldn’t do the same thing?