10 of the richest Black communities in America

[JR]

Here's a cost of living comparison for cities in Texas:

Houston, TX: In Houston, Texas, it costs $78,963 to live a similar lifestyle as the U.S. NATIONAL AVERAGE lifestyle at an annual earnings level of $70,000.

Dallas, TX: In Dallas, Texas, it costs $80,208 to live a similar lifestyle as the U.S. NATIONAL AVERAGE lifestyle at an annual earnings level of $70,000.

Austin, TX: In Austin, Texas, it costs $79,503 to live a similar lifestyle as the U.S. NATIONAL AVERAGE lifestyle at an annual earnings level of $70,000.

San Antonio: In San Antonio, Texas, it costs $72,446 to live a similar lifestyle as the U.S. NATIONAL AVERAGE lifestyle at an annual earnings level of $70,000.

http://www.costofliving.net/

Like I said, Dallas is one of the highest places in Texas to live.

But that ain't much. Not much at all. It barely edges out Austin. Austin is probably a harder market to find a house because it is smaller than the Dallas area and has less options so more than likely you will pay more for a new home in a Austin burb than you will in a Dallas burb. I know we have a new office in McKinney Tx outside of Dallas and next to Allen where they have that 60 million HS stadium and you can find homes in the 200K range. I think the city of Dallas itself is more high end than Houston or Austin. But the burbs for pricing are what and what.

 

[JR]

Besides Cascade, where are these neighborhoods? I hope you're not about to mention Lithonia or Stone Mountain.
That boat load part is definitely an overstatement lol. There may be a few, but boatload, nah. Most of the true affluent black folk move straight to Sugarloaf, East Cobb, Brookhaven or Alpharetta down here.

Cascade is where I was thinking.

 

[CEE DOG]

There are some blacks with money staying in majority black areas in Henry county too.

 

[PsychoJag]

But that ain't much. Not much at all. It barely edges out Austin. Austin is probably a harder market to find a house because it is smaller than the Dallas area and has less options so more than likely you will pay more for a new home in a Austin burb than you will in a Dallas burb. I know we have a new office in McKinney Tx outside of Dallas and next to Allen where they have that 60 million HS stadium and you can find homes in the 200K range. I think the city of Dallas itself is more high end than Houston or Austin. But the burbs for pricing are what and what.

Yep. Frisco, McKinney, little Elm.

 

[JROCK]

Besides Cascade, where are these neighborhoods? I hope you're not about to mention Lithonia or Stone Mountain.
That boat load part is definitely an overstatement lol. There may be a few, but boatload, nah. Most of the true affluent black folk move straight to Sugarloaf, East Cobb, Brookhaven or Alpharetta down here.

As usual, you don't know what you're talking about. Sandstone Estates in Lithonia homes go for about a half million dollars. As I said earlier, you have very poor neighborhoods surrounding very good ones. Below is what the houses look like back there. There are a bunch of predominately black neighborhoods just like that. You can't surround yourself with apartment dwellars and ghetto folks to know these things. There are a few in Stone Mountain too that I want even bother myself with looking up. I do agree that those places you listed are affluent as well. However, in damn near every little city in Metro Atlanta one can find affluent black neighborhoods. And I know there is about 100 cities in Metro Atlanta. Hell I went to a neighborhood in Stone Mountain for a party a few months ago with 8 bedroom homes full of black folks.

 

[JAG89]

There are some blacks with money staying in majority black areas in Henry county too.

But is the property/house value they invested in worth over a half million or a million dollars or more in value? Los Angeles and Maryland are where the property value for majority Black communities have exceed all expectations, which in my opinion should serve as a model for growing wealth in Black communities. Greenwood/Tulsa Oklahoma aka The Black Wall Street is the closest Blacks have come in this country of growing wealth to a point of self-sustainability.

 

[JAG89]

As usual, you don't know what you're talking about. Sandstone Estates in Lithonia homes go for about a half million dollars. As I said earlier, you have very poor neighborhoods surrounding very good ones. Below is what the houses look like back there. There are a bunch of predominately black neighborhoods just like that. You can't surround yourself with apartment dwellars and ghetto folks to know these things. There are a few in Stone Mountain too that I want if bother myself with looking up. I do agree that those places you listed are affluent as well.

I know a man who retired from Procter & Gamble in my home town who built a house similar to the one you show in the picture across the street from the city's wastewater treatment plant. Sometimes it's not the house with value, it's the land.

 

[CEE DOG]

But is the property/house value they invested in worth over a half million or a million dollars or more in value? Los Angeles and Maryland are where the property value for majority Black communities have exceed all expectations, which in my opinion should serve as a model for growing wealth in Black communities. Greenwood/Tulsa Oklahoma aka The Black Wall Street is the closest Blacks have come in this country of growing wealth to a point of self-sustainability.

They are over 650k. I know because my brothers, and sisters live in the same neighborhood.......

 

[JROCK]

There are some blacks with money staying in majority black areas in Henry county too.

I have an old girlfriend that lives back in Henry County/Ellenwood........nothing but blacks in her neigborhood with huge homes.....and acres of land.

 

[JROCK]

I know a man who retired from Procter & Gamble in my home town who built a house similar to the one you show in the picture across the street from the city's wastewater treatment plant. Sometimes it's not the house with value, it's the land.

Yeah, I agree in some cases. The people that live in the neighborhood I showed you go to Martin L. King Jr high school with poor students. Sometimes the school system and access to commerce can impact values also.

 

[JAG89]

They are over 650k. I know because my brothers, and sisters live in the same neighborhood.......

$650k for how many acres??? My aunt who lives in L.A. owns about 180 acres back home and a realtor tried to contract to her for $1 million, which she declined. Some of those homes in those Black subdivisions in Los Angeles are properly not on an acre of land, but are worth close to or over $1 million. In my opinion, Blacks in living in those communities in L.A. and Maryland made a helluva investment.

 

[JAG89]

Yeah, I agree in some cases. The people that live in the neighborhood I showed you go to Martin L. King Jr high school with poor students. Sometimes the school system and access to commerce can impact values also.

The question is, can the family that owns the house you show above sale it for way more money then their purchase price?

 

[JROCK]

The question is, can the family that owns the house you show above sale it for way more money then their purchase price?

I think that is a tricky proposition right now. Yes, I think it can sell for that now considering the fair values have declined. Houses in certain areas of metro Atlanta are no where near what they were once worth though I think they were over priced to begin with. Sell it for more? No, they're probably upside down.

 

[CEE DOG]

$650k for how many acres??? My aunt who lives in L.A. owns about 180 acres back home and a realtor tried to contract to her for $1 million, which she declined. Some of those homes in those Black subdivisions in Los Angeles are properly not on an acre of land, but are worth close to or over $1 million. In my opinion, Blacks in living in those communities in L.A. and Maryland made a helluva investment.

They start at 1 acre lots

 

[JAG89]

I think that is a tricky proposition right now. Yes, I think it can sell for that now considering the fair values have declined. Houses in certain areas of metro Atlanta are no where near what they were once worth though I think they were over priced to begin with. Sell it for more? No, they're probably upside down.

I know the homes in Baldwin Hills should always sustain their value. Baldwin Hills is like the opposite of the Hollywood Hills or the Black Beverly Hills. I still remember going to work every morning driving down the hill on LaBrea Avenue heading toward I-10 (Santa Monica Freeway) and looking at the Hollywood sign.

 

[JROCK]

I know the homes in Baldwin Hills should always sustain their value. Baldwin Hills is like the opposite of the Hollywood Hills or the Black Beverly Hills. I still remember going to work every morning driving down the hill on LaBrea Avenue heading toward I-10 (Santa Monica Freeway) and looking at the Hollywood sign.

Also, some parts of the country real estate markets have recovered or trending much faster than others. However, comparing California real estate market to Georgia's is like apples and oranges.

 

[JAG89]

Also, some parts of the country real estate markets have recovered or trending much faster than others. However, comparing California real estate market to Georgia's is like apples and oranges.

You are definitely right about that, but it is good to see Black communities sustaining their value well above the national average, which totally goes against the stereotypes of Black communities. Mayor Tom Bradley did a great job of making sure individuals in those Black communities in L.A. were economically plugged in.