Southeast Queens Scoop Blog - Streetwise Digital News: Why Building Social Fabric In The Community Still ...

Southeast Queens Scoop Blog - Streetwise Digital News: Why Building Social Fabric In The Community Still ...: Why building the social fabric in the community still has the ability to economically empower our community. Social fabric takes time, consi...

Displaced Millionaire Article written by Sharon R. Frank Realtor and Expert Speaker

The internet is full of articles on real estate; what to do, what not to do, how to sell fast, sell high, buy low, and most of it is helpful … unless you happen to live in an area where the rules of real estate don’t apply.

What could that possibly mean? Some areas within major cities, most notably the outer boroughs of New York City just don’t follow the trends. The two most common reasons are high interest from a particular ethnic group with financial resources, or gentrification.  Gentrification is the term used to explain why neighborhoods that might not have previously been in great demand become very valuable it is a process of renovation of deteriorated urban neighborhoods by means of the influx of more affluent residents because those neighborhoods  are still attainable when compared to the centers of culture and employment nearby.

The Brooklyn real estate market is a great example. During the period from 2008 through 2010, while the rest of the country’s real estate market suffered a steep decline in home values and the mortgage market crashed, Brooklyn real estate home values continued to climb.  The Brooklyn real estate market is unique due to the borough’s cultural and ethnic diversity and proximity to Manhattan, so the factors that influenced this unique real estate phenomenon included the supply and demand ratio only found in the Brooklyn real estate market as well as the resurgence of neighborhoods.   Some of the most sought after neighborhoods were once considered undesirable, but are now in high demand by buyers of all races due to the spill-over from would be buyers who want the convenience of living near Manhattan, but can’t afford Manhattan’s un-affordable real estate market.

Gentrification has become a common and controversial topic in politics and in urban planning. Conversations surrounding gentrification have evolved, as many in the social-scientific community have questioned the negative connotations associated with the word gentrification. The resurgence of  Neighborhoods like, Bedford-Stuyvesant , Williamsburg, Bushwick, Ocean hill, to name a few, have been affected by the resurgence, according to the National Percentile Rank, the median Income in these neighborhoods is $21,706., the makeup  of these neighborhoods’ are  Blacks 58.5% , Hispanics 33.6% and other races 7.9%.

What does it mean for current owners? Gentrification can lead to community displacement for lower-income families and have a negative impact on the low income, poor, or retirees who have lived in these communities for decades, who now have discovered that their homes are worth millions. Does this make them millionaires based on the equity of their property or is equity an “illusion” to these low income home owners?  That all depends upon the answer to the real questions, which are – can these homeowners sell their existing homes and relocate comfortably? And where would they go when their home is their only real asset and their income is low.

In the final analyst, one might argue that there are positive aspects about Gentrification, such as rebuilding, and bringing Value to Neighborhoods and Cities that was previously undesirable, but when the wealthy or higher income occupies these communities are the benefits equally shared? Dose it damage the cultural and social fabric of these neighborhoods?   So, while many Brooklyn homeowners may be sitting on a veritable goldmine, unable to access the equity in their home leaving them no other alternative to sell. The question remains does this mean that they are displaced millionaires, who are neither here nor there?

Sharon R. Frank Realtor

Sharonrfrank.com

Email info@sharonrfrank.com

Linkedin.com/in/sharonrfrank

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African American Chamber of Commerce President Earns Statewide Honors

New York State’s largest African American Chamber of Commerce President Phil Andrews Earns statewide honors as the New York District Office of the United States Small Administration 2019 Small Business Champion.  The New York District Office covers 14 counties in Downstate, New York.

Click on link below to read story in Daily Voice, Nassau - New York

https://dailyvoice.com/new-york/nassau/lifestyle/african-american-chamber-of-commerce-president-phil-andrews-earns-statewide-honor/769548/

Brooklyn-based Family Owned Business ButterMEseentials Nominated for Fall 2019 Caribbean Impact Awards

New York, New York - ButterMEssentials a Brooklyn-based company founded by Mrs. Negesti Pinnock and her husband and partner Vayden Pinock. ButterMEsentials line of products includes hair, bath, body and products for women, men and children. ButtterMEssentials products are loaded with butter, natural oils and lovely fragrances (such as essential oils and other fragrances).

The company specializes in hair butter, hair elixirs, non-sulfate shampoo bars, non-sulfate shampoos and conditioners, herbal hair moisturizing, lotion bars, body butter, and luxury handmade soaps. ButterMEssentials does not use parabens and petroleum; as we only use mineral oil nourishing products. We also mix our products with Aloe Vera, Natural Extracts, Herbal Infusions, and products used for healing the body. As our model states above “You deserved to be Buttered.”



About: Caribbean Impact Awards recognizes outstanding New Yorkers of Caribbean heritage. These individuals represent the best of the Caribbean Diaspora working in a diversity of fields: from education, finance, and non-profit to manufacturing, media, health and beauty and retail and everything in between. The chosen honorees are Caribbean Americans who through perseverance and hard work have realized the American dream and who have brought a sense of Caribbean pride along with them.

“The Long Island African American Chamber of Commerce, Inc. salutes ButterMEssentials on the occasion of being nominated as an honoree for the 2019 Caribbean Impact Awards. ButterMEssentials is making a difference everyday in the lives consumers around the globe by delivering quality hair, skin, nails, and body products to enhance their lives.” Phil Andrews, President, Long Island African American Chamber of Commerce, Inc.

“ButterMEssentials is poised for significant growth in the United States and Abroad. Their efforts at ButterMEssentials in bringing quality products to customers around the globe is supported by the Long Island African American Chamber of Commerce, Inc. We look forward to working with ButterMEssentials as they continue to bring joy to customers by providing quality products to their customers.” Phil Andrews, President, Long Island African American Chamber of Commerce, Inc.

To view ButterMEssentials entire catalog of products or to order product(s) today online visit: http://www.butterMEssentials.com

Remember ButterMEssentials model “You deserved to be Buttered.”