Surge in whites moving to Detroit, lured by $20,000 loans

ansatsusha_gouki

Land of the Heartless
Platinum Member
Whites are moving back to Detroit, even as blacks continue to leave for the suburbs and the city's overall population shrinks

Its cheap housing and incentive programs are partly fueling the regrowth of the Motor City's white population

Detroit went from a thriving hub of industry with a population of 1.8 million in 1950 to a city of roughly 680,000 in 2014

In the three years after the 2010 U.S. Census, Detroit's white population grew from just under 76,000 residents to more than 88,000
The Live Midtown program allows people to take out a $20,000 home loan that they won't have to repay if they stay for five years

The program is aimed at getting workers to live closer to their jobs, which can benefit employers and employees

Live Downtown is a similar incentive program offered by employers located in downtown Detroit



Whites are moving back to the American city that came to epitomize white flight, even as blacks continue to leave for the suburbs and the city's overall population shrinks.
Detroit is the latest major city to see an influx of whites who may not find the suburbs as alluring as their parents and grandparents did in the last half of the 20th century. Unlike New York, San Francisco and many other cities that have seen the demographic shift, though, it's cheap housing and incentive programs that are partly fueling the regrowth of the Motor City's white population.
'For any individual who wants to build a company or contribute to the city, Detroit is the perfect place to be,' said Bruce Katz, co-director of the Global Cities Initiative at the Washington-based Brookings Institution. 'You can come to Detroit and you can really make a difference.'

6Ygr9KCX6-HSK1-3090544-Resident_Mike_Seger_works_in_his_studio_in_a_rented_two_story_ho-a-27_1432219183571.jpg


Resident: Mike Seger works in his studio in a rented two-story house on Detroit's east side. Seger, 27, pays $750 per month in rent, and said he wouldn't have been able to find anything comparable in the suburbs for that price


28F1777E00000578-3090544-image-a-30_1432219302753.jpg



History: No other city may be as synonymous as Detroit with white flight, the exodus of whites from large cities that began in the middle of the last century. White children are seen in Detroit in 1942


No other city may be as synonymous as Detroit with white flight, the exodus of whites from large cities that began in the middle of the last century. Detroit went from a thriving hub of industry with a population of 1.8 million in 1950 to a city of roughly 680,000 in 2014 that recently went through the largest municipal bankruptcy in U.S. history. In those decades, the city's population has gone from nearly 84 percent white to a little less than 13 percent white.

In the three years after the 2010 U.S. Census, though, Detroit's white population grew from just under 76,000 residents to more than 88,000, according to a census estimate. The cheap cost of living, opportunities for young entrepreneurs and push by city-based companies to persuade workers to live nearby have made a big difference, experts say.
Simple math convinced music producer Mike Seger to move from adjacent Oakland County into a rented two-story house on Detroit's east side that also houses his Get Fresh Studio. Seger, 27, pays $750 per month in rent, and said he wouldn't have been able to find anything comparable in the suburbs for that price. The average monthly rental rate of a three-bedroom single-family home in Detroit is about $800, as opposed to $1,100 to $1,400 in the suburbs, according to RentRange.com, which collects rental market information.

'A young person can move here with $10,000 and start up a small flex space for artists or artists' studios,' Seger said. 'It's the uprising of the youth being able to have the opportunities to make a future for themselves.'



28F1777600000578-3090544-image-a-31_1432219339401.jpg


Migration: In the three years after the 2010 U.S. Census, Detroit's white population grew from just under 76,000 residents to more than 88,000, according to a census estimate (August 2014 file photo)


28F1779B00000578-3090544-image-a-33_1432219417614.jpg



Detroit went from a thriving hub of industry with a population of 1.8 million in 1950 to a city of roughly 680,000 in 2014 that recently went through the largest municipal bankruptcy in U.S. history

28F1774900000578-3090544-image-a-35_1432219484512.jpg


Changes: This infographic shows how Detroit's population has greatly decreased from 2000 - 2013


Eugene Gualtieri, a 41-year-old lab technician at the Detroit Medical Center, took advantage of an incentive program. Live Midtown, offered by his employer and several others in the Midtown neighborhood, allowed him to take out a $20,000 home loan that he won't have to repay if he stays in his condo for five years. The program is aimed at getting workers to live closer to their jobs, which can benefit employers and employees.

'The condo is eight minutes from work ... super close, nice neighborhood and really reasonably priced,' Gualtieri said. 'Like any part of any city, I'm sure there are good parts and bad parts. You just make sure you don't end up in the areas you are not supposed to be in.'

Live Downtown is a similar incentive program offered by employers located in downtown Detroit, which is home to General Motors, Quicken Loans and Blue Cross Blue Shield of Michigan. Three professional sports teams and stadiums, three casinos, restaurants and bars are entertainment anchors.

Blacks appear to be weary of waiting for Detroit to turn things around and have been migrating to nearby suburbs in search of comfort, better schools and lower crime.

The city's black population was nearly 776,000 in 1990. By 2013 it had dipped to an estimated 554,000.

Elizabeth St. Clair, 27, and her family may count themselves among black former Detroiters.

St. Clair and her boyfriend are searching for rental homes in Detroit and several inner-ring suburbs. She has two school-aged children.
She acknowledges things are getting better — pointing out Detroit's current campaign to tear down vacant houses and eradicate blight. But the high cost of car insurance, underperforming schools and the condition of many neighborhoods are obstacles.

'As I see a resurgence of Detroit, I really want to stay here,' St. Clair said. 'I feel there are two Detroits. There's a Detroit where you are able to go downtown and enjoy, and then in our neighborhoods there's not much change.'
Susan Mosey, who heads the nonprofit planning and development group Midtown Detroit Inc., said about 1,150 people have participated in the Live Midtown program, 38 percent of whom are white and 38 percent of whom are black. She said it's great to see whites moving back to Detroit, but the city needs to attract more people and stop others from leaving.

'The reality is this town is not diverse enough,' Mosey said of Detroit as a whole. 'We need new immigrants and more whites to move in. We lost so many of the middle-class African-Americans during the recession. We need good numbers of all people to come back.'

6Ygr0i459HSK2-3090544-In_this_April_24_2015_photo_Eugene_Gualtieri_a_41_year_old_lab_t-a-28_1432219187587.jpg


Home: Eugene Gualtieri took advantage of an incentive program, Live Midtown, which allowed him to take out a $20,000 home loan that he won¿t have to repay if he stays in his condo for five years


Read more: http://www.dailymail.co.uk/news/art...ty-epitomized-white-flight.html#ixzz3b70iDYgX
Follow us: @MailOnline on Twitter | DailyMail on Facebook
 
at this point let them have it. i hate to say it but some of us are better off in the burbs then the Detroit city.....they trying to do this in Atlanta but the new blacks that are coming here are still buying a few condos and lofts in mid town and Buckhead
 
Buh...Buh...But They Never Get Handouts....There Is No Such Thing As White Privilege....They Are ALWAYS Successful By Pulling Themselves Up By Their Own Bootstraps

Thanks, I keep forgetting that.

Preferred loans, newspapers and newscast that fawn over their new startups, the ability to get the inside tract on buildings and loan that the average city dwell is told to GTFOH.

I gotta find some of these motorized bootstraps.
 
Can anyone qualify for these loans? I'd get a couple of houses and rebuild them, then sell them once the neighborhoods are nice.
 
look,

folks in detroit better pool their money together

and buy a large chunk of it..


something is about to blow up..in detroit...

within the next ten years..


some cacs got the word and they are preparing

for the ride...


trust me...


I seen the shit happen first hand in harlem..


folks running away in the eighties, giving up

their homes for twenty to thirty geez...


twenty years later, the same brownstones worth

in the millions...



We need to understand history better, so we can take advantage

of patterns better....
 
Can anyone qualify for these loans? I'd get a couple of houses and rebuild them, then sell them once the neighborhoods are nice.


if GM roll up shop then that place is going to be bad for a very long time.
 
The Live Midtown program allows people to take out a $20,000 home loan that they won't have to repay if they stay for five years

That's not going to keep them there or really make them want to move there.But Job are and will help the city as a whole.
 
Crazy part is, there's a lot of folks that have been living here that can't take advantage of programs like this because they are already residents. A few rich cats decided to start investing because its cheap and now they offer a bunch of incentives for new residents so that they can have consumers and a tax base...
 
There's and opportunity to exploit in there.



Buh...Buh...But They Never Get Handouts....There Is No Such Thing As White Privilege....They Are ALWAYS Successful By Pulling Themselves Up By Their Own Bootstraps

Mannnn.
 
Can anyone qualify for these loans? I'd get a couple of houses and rebuild them, then sell them once the neighborhoods are nice.

I think you have to live in the property.

Blacks appear to be weary of waiting for Detroit to turn things around and have been migrating to nearby suburbs in search of comfort, better schools and lower crime.

The usual game of music chairs as far as neighborhood demographics are concerned. Black folks move to the suburbs and leave the city; whites start to avoid the suburbs and move to the city.
 
look,

folks in detroit better pool their money together

and buy a large chunk of it..


something is about to blow up..in detroit...

within the next ten years..


some cacs got the word and they are preparing

for the ride...


trust me...


I seen the shit happen first hand in harlem..


folks running away in the eighties, giving up

their homes for twenty to thirty geez...


twenty years later, the same brownstones worth

in the millions...



We need to understand history better, so we can take advantage

of patterns better....

this man gets it
 
Fellas, yall better follow the money and get in on some of that real estate action while it's still cheap out there. I'm looking into buying one of them cheap ass multifamily properties and just hold it for a minute.

I heard that Dan Gilbert (owner of the Cav's) is investing close to a billion dollars, buying up commercial properties all around the downtown area. I'm sure some of the Detroit members can chime in on this but something is brewing...
 
I think you have to live in the property.



The usual game of music chairs as far as neighborhood demographics are concerned. Black folks move to the suburbs and leave the city; whites start to avoid the suburbs and move to the city.

Funny part is we move out there to them houses they been abusing for 30+yrs and they move into the brand new homes just built in the city smh.
 
And what's stopping black folks fr applying for these loans? I'm sure a lot of these loans can be applied for online and you never need to meet anyome face to face.

In Detroit case I think the blacks are getting out of dodge and heading south....Detroit may not really recover for a very long time even with whites there.
 
Fellas, yall better follow the money and get in on some of that real estate action while it's still cheap out there. I'm looking into buying one of them cheap ass multifamily properties and just hold it for a minute.

I heard that Dan Gilbert (owner of the Cav's) is investing close to a billion dollars, buying up commercial properties all around the downtown area. I'm sure some of the Detroit members can chime in on this but something is brewing...

Yup. He said he wants to turn Detroit to a tourist attraction like Paris France! I think this shit is good for the street. Money needs to get pumped into Detroit....
 
So do black people not qualify for the loan?

Am I missing something here?

If scared of wolf don't go in woods...
 
Buh...Buh...But They Never Get Handouts....There Is No Such Thing As White Privilege....They Are ALWAYS Successful By Pulling Themselves Up By Their Own Bootstraps

Its sad too....the whole reason why many whites have homes now is due to the planned communities post WW2...like Levittown, PA places where blacks weren t allowed to participate...

The Federal Housing Administration gave out cheap loans for whites post WW2 and did not give them to black folks....

fast forward to today......:smh:
 
And what's stopping black folks fr applying for these loans? I'm sure a lot of these loans can be applied for online and you never need to meet anyome face to face.

I bet you these loans are given to only whites....

Historically it has ALWAYS been that way

Levittown, PA

FHA post WW2
 
So do black people not qualify for the loan?

Am I missing something here?

If scared of wolf don't go in woods...

:lol:



I think you missing how the racist ass banking system

and housing market, really feel about us...


if I stole wealth and land,

I would be looking at the people funny I stole it

from to..


but I aint the great great child or benefactor of lowly savage, native american exterminating cacs, that committed every sin in that bible they

love.. and they still called it a christian country....


we are dealing with an insane people at top, and we dont een know it..


but if you know someone melanin rich, that got that loan...


I wouldnt trust him, he was handpicked by racist cacs..

or he was in the right place to get chosen for fillin out

a quota..

I still say, everyone should take advantage of that...

if they could... thats easy money to flip, depending

on the fine print.. tho...

I bet the loan will have to go back into the housing market only..


basically they are saying, stay for five years and we will pay for

about 1 1/2 to 2 years...

and you better pay for everyday of those three years, or we want our money back...


90 percent will got to cacs, 8 percent other, chinese, arabs....


If 2 percent get that loan, thats way more that was supposed to...



you dont have a clue to how the banking and real estate system...


really work..


trust me, its racist as fuckin HELL!!!

and needs a douche..pronto!!
 
Last edited:
And what's stopping black folks fr applying for these loans? I'm sure a lot of these loans can be applied for online and you never need to meet anyome face to face.


Quoted for truth. I've been wanting move by seriously, but the wife has reservations understandibly. If for nothing else, I'm getting some rental properties before them other folks catch on.
 
Quoted for truth. I've been wanting move by seriously, but the wife has reservations understandibly. If for nothing else, I'm getting some rental properties before them other folks catch on.

ya it's tough to do...my parents coulda bought a brownstone home cheap as hell less than 100k in ENY I believe back in the late 70s/early 80s which are now worth millions...but having to live in that environment @ the time was literally a life risk...if you got the $$$ tho to invest in it as a rental property obviously that's the move...good luck
 
if GM roll up shop then that place is going to be bad for a very long time.

Right. I havent been to Detroit in damn near forever. But I remember it kinda feeling like a big college town where everything is tied to the school. Just GM. I have no idea whats there now in terms of employment opportunities, but if its still driven by G.M. theyre just gearing up for repeat in 20 years.
 
And what's stopping black folks fr applying for these loans? I'm sure a lot of these loans can be applied for online and you never need to meet anyome face to face.

There are several things to consider:

Black People CAN get the loans but there aren't any
Jobs in Detroit. That's why they are leaving to begin with.

Those Cacs moving in more than likely have Financial FREEDOM.
Money from Dead Grand Parents/Parents...etc. They might
have a small company making money...who knows but they have money
and the freedom to do whatever they want

They can move anywhere in the U.S. they choose. Happens
all the time.
 
And what's stopping black folks fr applying for these loans? I'm sure a lot of these loans can be applied for online and you never need to meet anyome face to face.

You have to stay in the house for five years. Black folks aren't trying to gamble on that shit. It's one thing to buy a property and rent it out.

The hood is just going to follow cats to the suburb as prices in the suburbs decline while the city starts to rise. Same old shit. Give it about 20-30 years.
 
They constantly give white folks handouts.....:smh:

Buh...Buh...But They Never Get Handouts....There Is No Such Thing As White Privilege....They Are ALWAYS Successful By Pulling Themselves Up By Their Own Bootstraps

Ha. But when niggas say this black folk be like "we don't care about what white folk are doing, worry about ourselves".:rolleyes:

Fools. It's all intertwined.

500x300x500x3001.jpg.pagespeed.ic.sYGfhVItlj.jpg
 
:lol:



I think you missing how the racist ass banking system

and housing market, really feel about us...


if I stole wealth and land,

I would be looking at the people funny I stole it

from to..


but I aint the great great child or benefactor of lowly savage, native american exterminating cacs, that committed every sin in that bible they

love.. and they still called it a christian country....


we are dealing with an insane people at top, and we dont een know it..


but if you know someone melanin rich, that got that loan...


I wouldnt trust him, he was handpicked by racist cacs..

or he was in the right place to get chosen for fillin out

a quota..

I still say, everyone should take advantage of that...

if they could... thats easy money to flip, depending

on the fine print.. tho...

I bet the loan will have to go back into the housing market only..


basically they are saying, stay for five years and we will pay for

about 1 1/2 to 2 years...

and you better pay for everyday of those three years, or we want our money back...


90 percent will got to cacs, 8 percent other, chinese, arabs....


If 2 percent get that loan, thats way more that was supposed to...



you dont have a clue to how the banking and real estate system...


really work..


trust me, its racist as fuckin HELL!!!

and needs a douche..pronto!!

A lot of truth in this post.....

real talk....they are trying to give white folks the land they want....

as segregated as Detroit is....they will continue to try to keep it that way.
 
Back
Top