Racism is The Reason Rich Blacks in Prince George's County are locked out of wealth (Columbia: real estate, crime)

[Jasminehicks2020]

Even though woodmore has 33% of blacks that make over 250,000 a year ,home values are just on average, 400,000 ...proves blacks lower home values, despite class, shows racism is baked in the system, and proves blacks can not live in black communities and build wealth, whites buy homes to build wealth, blacks buy homes to live with blacks of similar backgrounds because racism of government policies created this even if laws change

This cannot be blamed on bad schools because there are plenty of rich white communities surrounded by bad school districts, but that doesn't effect home values,

This cannot be blamed on crime because wood more doesn't have a lot of crime, Buckhead Atlanta has even more crime, but their home values are fine

[sittilove]

Pretty much. But you won't get much agreement on this board. (Here come the "it's the horrible schools" and coded "blacks ruin everything they get, I wonder why" comments).

IMO, it also has a lot to do with the retail that refuses to come to the county, but will build up other areas in MC, AAC, and Howard.

But to be honest, it's nice to have an area where people but and live there purely because they want to be there, not to make money flipping their house. It's nice to have a "safe space" to exist so to speak where a minority can blend in and be treated as human rather than "black". Neighborhoods, parks, etc. are still very beautiful at an affordable price just because of the black faces. If whites want to miss out on that and pay a high premium to be around each other in their code-word "safe" (read "white") overcrowded areas, let them. PG is really a hidden gem for many black folks. Kinda don't mind it stating that way.

[Jasminehicks2020]

Originally Posted by sittilove

Pretty much. But you won't get much agreement on this board. (Here come the "it's the horrible schools" and coded "blacks ruin everything they get, I wonder why" comments).

IMO, it also has a lot to do with the retail that refuses to come to the county, but will build up other areas in MC, AAC, and Howard.

But to be honest, it's nice to have an area where people but and live there purely because they want to be there, not to make money flipping their house. It's nice to have a "safe space" to exist so to speak where a minority can blend in and be treated as human rather than "black". Neighborhoods, parks, etc. are still very beautiful at an affordable price just because of the black faces. If whites want to miss out on that and pay a high premium to be around each other in their code-word "safe" (read "white") overcrowded areas, let them. PG is really a hidden gem for many black folks. Kinda don't mind it stating that way.

The closest thing you can compare woodmore to is the richest neighborhood in New Rochelle, NY where 33% of whites make 250,000 a year , you find average home values double what woodmore is , at 800,000 average home values, and New Rochelle has similar schools and worse crime levels, only difference is the races are flipped

Even in south orange NJ , which has a large rich black population, blacks are 30% of the population and 18% of blacks make 250,000 a year, home values are only 644,000, and black and white people in south orange are richer than whites in New rochelle

[MrRational]

Originally Posted by Jasminehicks2020

...woodmore has 33% of blacks (households?) that make $250,000 a year

What's the distribution below $250,000 that the other 67% of blacks (households) there earn?
Or are all the blacks there topping out at $250K?

...in New Rochelle, NY where 33% of white (households) make $250,000 a year

And the distribution below $250,000 that the other 67% of whites (households) there earn?
Or are all the whites there topping out at $250K?

In any case... the distinction between 'rich' income levels and wealth has far more to do with
the income levels that the families of this $250K and above cohort enjoy; what they come from:
a) how much the PARENTS of these $250K households have been earning
b) how much the SIBLINGS of these $250K households have been earning

c) When the earned income (jobs) of higher earning people are no longer statistical outliers relative to their
community as a whole then the rest will tend to fall into place as well. The community is also very likely to have
enjoyed significant business investment to generate more than just the 'job' sort of wage income (wealth).

[adelphi_sky]

Originally Posted by MrRational

What's the distribution below $250,000 that the other 67% of blacks (households) there earn?
Or are all the blacks there topping out at $250K?

And the distribution below $250,000 that the other 67% of whites (households) there earn?
Or are all the whites there topping out at $250K?

In any case... the distinction between 'rich' income levels and wealth has far more to do with
the income levels that the families of this $250K and above cohort enjoy; what they come from:
a) how much the PARENTS of these $250K households have been earning
b) how much the SIBLINGS of these $250K households have been earning

c) When the earned income (jobs) of higher earning people are no longer statistical outliers relative to their
community as a whole then the rest will tend to fall into place as well. The community is also very likely to have
enjoyed significant business investment to generate more than just the 'job' sort of wage income (wealth).

But I think you're missing the point. Regardless of where the income comes from, at a $250,000 household income, with similar crime levels and school performance, White communities have always enjoyed higher home values simply because they are White. This thread is just rehashing that well known historical fact. Nothing has really changed.

However, White communities are closer to job centers and thus helps to push their home values even higher whereas Black homeowners, who have been kept away from communities near job centers due to racism, discrimination, and now gentrification, live in neighborhoods with longer commutes and fewer professional job opportunities. It is why Prince George's County is continually considered a "bedroom community."

Montgomery County has Bethesda, Rockville, Silver Spring, and Gaithersburg. Howard County has Columbia. Prince George's has no such job center, just large office parks. The Discovery District in College Park would be the closest comparison to a professional job center, though just a glorified office park and much smaller in scale than those cities just mentioned.

The Color Of Law

[MrRational]

Originally Posted by adelphi_sky

But I think you're missing the point.

Nope... just not giving it the weight you prefer.

White communities have always enjoyed higher home values simply because they are White.

Simply because? That's ludicrous.
See? Just not buying into your preferred argument.

...rehashing that well known historical fact...

Well, some of them. But to what end?

[cool rob]

I'm not going to discount that racism does in fact play a role in it- however IMO the larger question is- how can we blame racism and not blame the incompetent leadership at the county level? or the terrible representation from our elected leaders at the state level?


Until Prince George's County can shake the one party democrat only mentality, no one will take us seriously. Each election, the democrat wins- how much effort do you think the republicans in the state house will put towards that?

[boxus]

Originally Posted by Jasminehicks2020

Even though woodmore has 33% of blacks that make over 250,000 a year ,home values are just on average, 400,000 ...proves blacks lower home values, despite class, shows racism is baked in the system, and proves blacks can not live in black communities and build wealth, whites buy homes to build wealth, blacks buy homes to live with blacks of similar backgrounds because racism of government policies created this even if laws change

This cannot be blamed on bad schools because there are plenty of rich white communities surrounded by bad school districts, but that doesn't effect home values,

This cannot be blamed on crime because wood more doesn't have a lot of crime, Buckhead Atlanta has even more crime, but their home values are fine

Did someone put a gun to their head and force them to buy a home there? They are free to purchase a home anywhere.

Housing prices is a matter of supply and demand.

Someone mentioned about location; well, there you have it, as they say in real estate "location, location, location".

If with their $250,000/yr income they bought in an area with not a lot of demand, they should not expect the value to increase like places that do have demand. How about some of those blacks move to Arlington, that has had constant increase in housing prices over the last decade? Or move to Bethesda or some other hot market?

I have a black friend who bought a home for nearly $1 million out near Reston, that thing is now valued at around $1.2 million. I do not recall him ever saying he was not allowed to purchase that house due to him being black.

[G1..]

Originally Posted by Jasminehicks2020

The closest thing you can compare woodmore to is the richest neighborhood in New Rochelle, NY where 33% of whites make 250,000 a year , you find average home values double what woodmore is , at 800,000 average home values, and New Rochelle has similar schools and worse crime levels, only difference is the races are flipped

Even in south orange NJ , which has a large rich black population, blacks are 30% of the population and 18% of blacks make 250,000 a year, home values are only 644,000, and black and white people in south orange are richer than whites in New rochelle

You don't have a clue of what you're talking about . Mods need to look into your postings.

[bufflove]

Is this thread the reverse of the usual complaints about gentrification?
"X neighborhood with black people has appreciated too much! Racism!"
"Y neighborhood with black people has appreciated too little! Racism!"