Black Wealth in PG County (MD) Dashed by the Housing Crisis...

JJs07 said:
 
Emerick A. Peace, operating partner of Keller Williams Preferred Properties in Upper Marlboro, said that homes in the county are undervalued. But that will not change, he said, until more people of all races show interest in moving there. Demand from only African Americans in effect puts a lid on prices, he said.
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Anyone want to tackle this? Really seems like there is no solution (in the near future...maaaaaybe MGM can help) to help things out in PG.
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Like I was saying earlier, hopefully things will change with the MGM Grand opening up as I personally think it will in due time.  No way a BIG money making casino and BRAND such as MGM doesn't change the lower portion of PG County as more folks will visit/invest in that area with all the people and foot traffic that will frequent the area.  

I just want black people to take advantage of these opportunities, think about the future prospects in this area and build/create a future for themselves in this market.  Too often for various reasons some black people don't look or have the necessary future vision in place to be apart of a good/great economic upswing.
 
Fort Washington is straight. It's the Oxon Hill, Temple Hills, Suitland, District Hieghts, parts of PG on the lower end that give it a bad name. Which some is understandable. Off topic but coming from a VA guy is Bowie considered a "desired" location?
 
Deuce King said:
Like I was saying earlier, hopefully things will change with the MGM Grand opening up as I personally think it will in due time.  No way a BIG money making casino and BRAND such as MGM doesn't change the lower portion of PG County as more folks will visit/invest in that area with all the people and foot traffic that will frequent the area.  

I just want black people to take advantage of these opportunities, think about the future prospects in this area and build/create a future for themselves in this market.  Too often for various reasons some black people don't look or have the necessary future vision in place to be apart of a good/great economic upswing.
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The casino will only provide median income hospitality jobs, and encourage people from the lower end of the income spectrum to spend more money that they don't have. It will ruin that area even more. There's a reason there's always push back when casino proposals come up.
 
For those saying we'll see what happens when the casino is opened, scope out the before/after of Atlantic City :lol:

Sure it's a very different place, but AC went from an exclusive beach resort for the rich to a dump, and it all started with commissioning those casinos back in the 1970s
 
The other issue with PG is that it's lacks a lot of govt offices for a metro area that's major industry is govt. A lot of govt sites and contractors are located or will build new offices in NoVa and MoCo instead of PG. So when the majority of jobs are on that side, people will move to there. The morning traffic is congested going into DC, driving along the 270 corridor, and all throughout NoVa.
 
I've noticed some nicer looking homes in Hyattsville for good prices, but there's a reason for it. Not saying I know what that reason is, but I wouldn't risk buying a place in PG at this time.

Montgomery or Alexandria is prob where I'd settle, if I knew I was staying in DMV for a while.

Would prefer to buy a nice 2BR now and rent it out if I moved, but that's $600K+ in my area, maybe in a few years :lol:
 
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Black folks really need to take it upon ourselves to build PG into a Black Paradise. Last time I was over there, some parts looked like a dump. They need more black business, black owned grocery stores, everything Black. Remodel all the houses in the heights and hills, turn it into paradise. And keep it to ourselves
 
^don't mean to marginalize the effort involved, but everyone SAYS what black folks need to do, but as far as executing this self-support in any significant level...
 
FlyNY said:
Black folks really need to take it upon ourselves to build PG into a Black Paradise.... And keep it to ourselves
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I know that sounds good, but really, it's the wrong answer. I agree with more black owned businesse. Why would a businessman only want to advertise and attract 20-30% of their potential client base? The way I see it, integration/mainstreaming is a more viable solution.

Right or wrong, PG has a reputation of being a crap place to live, high crime rates, poor school system.

It's going to take decades of whites and other groups moving in to take advantage of the low cost housing to get over its perception and start back building community wide home equity.

But reading those articles, it's still so wild to me that a family making $100k could qualify for those types of loan amounts. Wife and I earn $200k combined, and our budget when house hunting was $325k, and that was a stretch.
 
What I don't understand is who is buying up all the new developments? There's a lot of new developments in uppermarlboro back by the courthouse and surrounding. We went to go look over the holidays and most of the lots were already sold out.
 
I still don't see what black businesses will do for PG. The problem is the high crime rate, bad school system, and the fact that nobody want to live there. Opening black owned businesses doesn't solve any of those problems.

I don't know what the MGM will do for PG but hopefully it helps spark some new development.
 
BeezyGotSole said:
I still don't see what black businesses will do for PG. The problem is the high crime rate, bad school system, and the fact that nobody want to live there. Opening black owned businesses doesn't solve any of those problems.

I don't know what the MGM will do for PG but hopefully it helps spark some new development.
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I think you're a genuine poster so I'm not gonna try and clown you. I'll hope you hear me out on this



Economics is the MOST prevelant factor when it comes to crime. There have been numerous studies on this.

Businesses = more jobs

More jobs = less unemployment

Less unemployment = more money being spent and made

More money being spent and made = more tax revenue

More tax revenue = improvements on roads and schools

Improvements on schools = more people want to put their kids in the school , which leads to more people moving into the area.


More people moving into the area = more businesses wanting to be in the area because that's where the people are.

More businesses = more jobs that will have to pay better than previous jobs

And the cycle repeats itself.
 
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Lol @Fontaine  yes I am a genuine poster. With everything you just said I still don't think it will help, this is my opinion .

PG is not your normal county as seen in these articles. PG is facing a long uphill battle and a few black businesses will not change that.

Tanger outlet opened up with 85 stores there still aren't enough jobs, also from what I've heard those stores have been getting robbed. We will see what the MGM does.
 
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BeezyGotSole said:
Lol @Fontaine
 yes I am a genuine poster. With everything you just said I still don't think it will help, this is my opinion .
PG is not your normal county as seen in these articles. PG is facing a long uphill battle and a few black businesses will not change that.
Tanger outlet opened up with 85 stores there still aren't enough jobs, also from what I've heard those stores have been getting robbed. We will see what the MGM does.
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On top of it all, the area (like it was pointed out in the article) will continue to have it's economic problems until there is more diversity and people are interested in moving there.

I'm in no way saying that Fontaine's ideas are wrong, but unfortunately, it's not that realistic due to the landscape of the area.

Having MGM come in doesn't even guarantee that much will change. I think someone brought it up, but for as much revenue that casinos bring in, there is a lot of risk/push back for a number of reasons.

The bottom line is PG NEEDS more diversity for there to be any sort of economic improvement. What's happening, and you can look at gentrification in SE as an example, is people are being pushed out of DC, but end up settling in PG due to it's affordability. Factor in things like a corrupt local gov't, some of the worst schools in the country, declining local economy, etc. and it's a recipe for disaster.
 
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I agree there is no diversity that is the main issue.

Then there is no metro station in the Ft. Washington area, the National Harbor needs a metro. The traffic over there sucks, one way in and one way out, and not enough parking.

I would love to buy in PG and see a change in 10-15 years, but who is to say that it will ever change? With everybody being pushed out of DC into PG there is no telling what the future holds.
 
I went to Wegmans Woodmore last night and noticed they're putting in a bunch of town homes here. Just discovered this Wegmans somewhat recently so I'm not sure how long these have been under construction or how developed they are.

I wouldn't really want to live right there by Wegmans and Costco and all the other shops because of the traffic people coming and going. How is the surrounding area there? Looks like the town houses are going for mid 300s which doesn't really seem worth it IMO.
 
silkboi said:
The other issue with PG is that it's lacks a lot of govt offices for a metro area that's major industry is govt. 
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this is true, outside of the Goddard NASA complex, JFB Andrews, and the Census Bureau and Office of Naval Intel in Suitland...i can't think of anything else

PG County is lobbying hard and considered a finalist for the FBI hq move...hope they get it
"The government wants to know what the public thinks—good, bad or indifferent—of the Springfield location. The other options include Greenbelt and Landover, Md." 

"The process has been a highly competitive one; Prince George’s County officials are offering more than $100 million in financial incentives for the Greenbelt site."
http://www.wjla.com/articles/2014/0...ters-to-springfield-107402.html#ixzz3QDhq4J3n  
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PG not gonna become diverse if crime is as rampant as yall are saying. 

Move out the city and still acting like ya in the city 
mean.gif
 
 
BeezyGotSole said:
Lol @Fontaine
 yes I am a genuine poster. With everything you just said I still don't think it will help, this is my opinion .
PG is not your normal county as seen in these articles. PG is facing a long uphill battle and a few black businesses will not change that.
Tanger outlet opened up with 85 stores there still aren't enough jobs, also from what I've heard those stores have been getting robbed. We will see what the MGM does.
Click to expand...


JJs07 said:
On top of it all, the area (like it was pointed out in the article) will continue to have it's economic problems until there is more diversity and people are interested in moving there.

I'm in no way saying that Fontaine's ideas are wrong, but unfortunately, it's not that realistic due to the landscape of the area.

Having MGM come in doesn't even guarantee that much will change. I think someone brought it up, but for as much revenue that casinos bring in, there is a lot of risk/push back for a number of reasons.

The bottom line is PG NEEDS more diversity for there to be any sort of economic improvement. What's happening, and you can look at gentrification in SE as an example, is people are being pushed out of DC, but end up settling in PG due to it's affordability. Factor in things like a corrupt local gov't, some of the worst schools in the country, declining local economy, etc. and it's a recipe for disaster.
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yall know better than me about the area, so I'll definitely lean on yalls perspective...

But what I just explained was gentrification to the tee. what does the color of people's skin have to do w/ the upbringing of an area? I think that if the businesses are black, white, orange, or blue, then that will be a bit of a kickstart. I think that BLACK businesses will bring in BLACK people, and I thought the DMV had a pretty healthy black population.

also... if there are super large homes going for dirt cheap, you dont think a bunch of young and upstart families are going to start moving out there? I know for a fact that the prices in DC are stupid high... People will naturally get priced out of there and more out to the outer areas. It happened here in Dallas, it's happened in Houston...

housing market heating up = more property taxes = more tax revenue = increase police presense = deterrent for crime.

it's kinda like a domino effect.

not trying to argue... but i'm just curious as to what makes PG county different than any other place in the world where this method of economic reform has be proven successful...?
 
BeezyGotSole said:
 
Then there is no metro station in the Ft. Washington area, the National Harbor needs a metro. The traffic over there sucks, one way in and one way out, and not enough parking.
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As great an idea as I think this is, I'm not sure the juice would be worth the squeeze. Would the bottom line return a benefit (marginal profit) for the area?

How has the new metro line effected the Tysons area so far?
 
BeezyGotSole said:
I still don't see what black businesses will do for PG. The problem is the high crime rate, bad school system, and the fact that nobody want to live there. Opening black owned businesses doesn't solve any of those problems.

I don't know what the MGM will do for PG but hopefully it helps spark some new development.
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That's exactly what it is. A lot of hard headed people in here, but then again it's NT.

PG is a dustbin because of a lack of resources, an awful school system, broken infrastructure, and crime. It's all socioeconomic. Folks with money are not moving to PG, and they won't ever.
 
finnns2003 said:
That's exactly what it is. A lot of hard headed people in here, but then again it's NT.

PG is a dustbin because of a lack of resources, an awful school system, broken infrastructure, and crime. It's all socioeconomic. Folks with money are not moving to PG, and they won't ever.
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Where do the resources come from, though?

It comes from jobs...

And the article talked about these huge homes out there.. You dont think people are going to get priced out of NoVA and DC and move out there?

Socioeconomic... the root word is economic.. you improve the economic conditions with employment opportunities and tax revenue.
 
Fontaine said:
Where do the resources come from, though?

It comes from jobs...

And the article talked about these huge homes out there.. You dont think people are going to get priced out of NoVA and DC and move out there?

Socioeconomic... the root word is economic.. you improve the economic conditions with employment opportunities and tax revenue.
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You know it's not that simple. Who's being priced out? The ones who aren't being priced out will live in NoVA, DC, and the nicer parts of Moco. The ones who are priced out, usually minorities, will be forced to move to PG. So you're creating a cycle.

How do you improve the economic conditions? What businesses will want to move to PG? The consumer base will have less disposable income to spend.
 
NVWSSV said:
As great an idea as I think this is, I'm not sure the juice would be worth the squeeze. Would the bottom line return a benefit (marginal profit) for the area?

How has the new metro line effected the Tysons area so far?
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Too soon to tell, it could either stay good like Pentagon City managed to, or go the route of Springfield Mall. We just have to wait and see. But National Harbor does not need a metro, no good will come from that.
 
Fontaine said:
BeezyGotSole said:
Lol @Fontaine
 yes I am a genuine poster. With everything you just said I still don't think it will help, this is my opinion .
PG is not your normal county as seen in these articles. PG is facing a long uphill battle and a few black businesses will not change that.
Tanger outlet opened up with 85 stores there still aren't enough jobs, also from what I've heard those stores have been getting robbed. We will see what the MGM does.
Click to expand...


JJs07 said:
On top of it all, the area (like it was pointed out in the article) will continue to have it's economic problems until there is more diversity and people are interested in moving there.

I'm in no way saying that Fontaine's ideas are wrong, but unfortunately, it's not that realistic due to the landscape of the area.

Having MGM come in doesn't even guarantee that much will change. I think someone brought it up, but for as much revenue that casinos bring in, there is a lot of risk/push back for a number of reasons.

The bottom line is PG NEEDS more diversity for there to be any sort of economic improvement. What's happening, and you can look at gentrification in SE as an example, is people are being pushed out of DC, but end up settling in PG due to it's affordability. Factor in things like a corrupt local gov't, some of the worst schools in the country, declining local economy, etc. and it's a recipe for disaster.
Click to expand...

yall know better than me about the area, so I'll definitely lean on yalls perspective...

But what I just explained was gentrification to the tee. what does the color of people's skin have to do w/ the upbringing of an area? I think that if the businesses are black, white, orange, or blue, then that will be a bit of a kickstart. I think that BLACK businesses will bring in BLACK people, and I thought the DMV had a pretty healthy black population.

also... if there are super large homes going for dirt cheap, you dont think a bunch of young and upstart families are going to start moving out there? I know for a fact that the prices in DC are stupid high... People will naturally get priced out of there and more out to the outer areas. It happened here in Dallas, it's happened in Houston...

housing market heating up = more property taxes = more tax revenue = increase police presense = deterrent for crime.

it's kinda like a domino effect.

not trying to argue... but i'm just curious as to what makes PG county different than any other place in the world where this method of economic reform has be proven successful...?
Click to expand...


finnns2003 said:
Fontaine said:
Where do the resources come from, though?

It comes from jobs...

And the article talked about these huge homes out there.. You dont think people are going to get priced out of NoVA and DC and move out there?

Socioeconomic... the root word is economic.. you improve the economic conditions with employment opportunities and tax revenue.
Click to expand...

You know it's not that simple. Who's being priced out? The ones who aren't being priced out will live in NoVA, DC, and the nicer parts of Moco. The ones who are priced out, usually minorities, will be forced to move to PG. So you're creating a cycle.

How do you improve the economic conditions? What businesses will want to move to PG? The consumer base will have less disposable income to spend.
Click to expand...

Finns hit the nail on the head. It is a cycle. Think about WHO is being priced out and where they're choosing to relocate.
 
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