Quote:
Originally Posted by Segun
There's no way to track racial demographics of new construction, but I'd be willing to bet that Black professionals are the ones buying most of the units of new construction. I'm probably correct because I still don't see much more than a handful of White people walking around the South Side outside of Hyde Park and Beverly. To be real, do you see many White people moving to that new building on 43rd/Cottage for instance? Be real!
This probably doesn't offset the overall population loss, but it's a significant gain of resources and talent the South Side needs.
An entity that's losing population on paper, yet is gaining in the intangibles that build a great place? Almost sounds like Chicago to me.........
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There are many people rehabbing properties in the black parts of the south side. Some rehabbers are black, some are white, some are of other ethnic backgrounds.
There are homes being built on the south side. Nearly all the builders are white or Chinese builders.
There are rehabs going on in abundance on the southwest side. Almost all of it is Chinese or north side money.
What is not happening is sizable voluntary, unsubsidized private development by black people in black areas. All of those developments you are seeing are massively subsidized by tax dollars. And any other large developments by larger corporations (Whole Foods, etc) is only happening because of huge subsidies.
There is zero appetite for any large private investment in these areas. It's not the church leaders keeping them away.