Business Ventures: Loft Apartments in Small Towns/Metro Areas


Bartram

Bartram

Brand HBCUbian
Do you think people would rent/buy loft apartments/townhomes in small towns or small metro areas like Montgomery, Huntsville, Columbus GA, Jackson, Mobile, Chattanooga, Macon, Tallahassee, Columbia, Knoxville?

What about if you developed land in or near downtowns in these size cities and built apartments/townhomes that were like brownstones, do you think people would rent/buy them, professional middle-upper income types what with the growing trend of people re-claiming the innercity of many places?
 
Well, I lived in Montgomery, lived closed to Macon, and I currently living in Atlanta. I can only think of one condimium in Montgomery. There are exceptions a course, but why would I pay $200,000 for a loft in Montgomery, when I can buy a 2200 sq. ft. single family home for the same price? I can't say the same for the Atlanta area, you might have a "drive" a bit to get the same thing.
 



Right now I would love a loft in Downtown St. Louis.

They have a great feel about them. One big open space (with 2 half rooms). They just cost so much in the Dtown area.

Wish I would have gotten on this (and had some money 5 years ago) to invest in them.
 
I don't know what the hype is, but there are a lot of condo/townhouse developments here in Oxford, MS. For a town of only about 12,000 people and plenty of space, it's amazing to see. I assume it stems from an outside investment that caters to the college students, faculty and alumni of Ole Miss.

The places are high quality and very nice.:tup:
 
Bartram said:
Do you think people would rent/buy loft apartments/townhomes in small towns or small metro areas like Montgomery, Huntsville, Columbus GA, Jackson, Mobile, Chattanooga, Macon, Tallahassee, Columbia, Knoxville?

What about if you developed land in or near downtowns in these size cities and built apartments/townhomes that were like brownstones, do you think people would rent/buy them, professional middle-upper income types what with the growing trend of people re-claiming the innercity of many places?
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Downtown apartments is the thing here now that they are redoing downtown to bring people back.
They have some of them downtown now, but developers have come in since they have started revitalizing the downtown area. They are snapping up building's and converting them into retail shops/apartments. They have finished loft's behind the Convention center being built. Those have been there for a while, yet most people don't even know they are there. Duce McCalister and his group are converting a 13 story building for this and another group is doing the same with a 7 story building located behind the Governors Mansion.

If I was just starting out or had money to burn, I would look into one of these before they "take off" pricewise.
 
It's beginning to happen in Huntsville. It’s an area called Providence that is taking off like that. I thought it would never happen in a small town like this, but it seems to be catching on big. There are plans for a new community that is being called Bridge Street that’s going with the same concept. Also downtown Huntsville is going to get some condos like this too. Houses are affordable in this area, but with more young professionals in an area like Huntsville it’s going to happen. More Northerners are coming this way so they tend to look for things to remind them of home.
 
Killer Bees said:
Well, I lived in Montgomery, lived closed to Macon, and I currently living in Atlanta. I can only think of one condimium in Montgomery. There are exceptions a course, but why would I pay $200,000 for a loft in Montgomery, when I can buy a 2200 sq. ft. single family home for the same price? I can't say the same for the Atlanta area, you might have a "drive" a bit to get the same thing.
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Great points. When i was living in Montgomery, I loved going to that place downtown La Sal Bleu (?) and this other 60s type restaraunt/club(?) up the street and around the block. If big money came into montgomery, the downtown could be just like Pasadena, Sunnyvale, Mtn View, etc hamlets in large metro areas with all kinds of shops, restaraunts, entertainment and so on,, but like you say you can get some very nice homes in the region for the same or less on nice acreage. that's the cunundrum(sp), especially in the south/rural states were we tend to like elbow room. but your point is right on,, prolly not gonna happen on a large scale in Montgomery any time soon. you have got to have the disposable income for such and if you can get a big house on an acrea of land out in a peaceful area like Ray Thorington Road or in Shorter or Elmore County or south of Montgomery near 231 why bother with being downtown, especially with kids? like someone said though, it's the transplants that would be the potential market for such,, just don't know if Montgomery has reached critical mass for it to be feasible like apparantly now in Birmingham and Huntsville.
 
Braveman12 said:
I don't know what the hype is, but there are a lot of condo/townhouse developments here in Oxford, MS. For a town of only about 12,000 people and plenty of space, it's amazing to see. I assume it stems from an outside investment that caters to the college students, faculty and alumni of Ole Miss.

The places are high quality and very nice.:tup:
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College towns are potential gold minds. I think it's PRECISELY becaue Oxford is a college town that it is happening. I'm telling you, Auburn-Opelika has really grown since I left Skegee in 1987. Don't think there is a substantial loft district there yet,, but I could see the same thing happening in Auburn and maybe Tuscaloosa,, even if just apartments for college students and employees. Not suprised at all.

Mississippi is going to be interesting over the next 50 years or so. I have predicted since MS legalized gambling that MS would become the "Nevada" of the south, i.e. the state will cash in on tourism/gambling like Nevada/Los Vegas is doing now. plus too, MS is really going after the suprising auto manufacturing boom in the once poor southern states. Georgia, Tennessee, Kentucky and North Carolina was the first wave, but South Carolina, Alabama and Mississippi look to be the second wave. Mississippi "upset" Alabama (Opelika was a front runner but ended up the runner-up) with the Nissan coupe and looks like it's going to yank the proposed Kia plant from Alabama (Meridian was in the mix, but some issues with their population base has delayed a decision) where it was thought Kia would locate with plenty of land for expanstion at the sprawling Hyundai sight south of Montgomery.
 
If I had the cash, I'd invest in a Loft Apartment in D'Town BR. When you travel downtown there's a lot of construction going on and a lot of it is residential units. In 2006, construction is to start on a 36 story condo/retail complex called RiverPlace Condominiums.
RiverRoad_ariel_lg.jpg
 
CEE DOG said:
It's beginning to happen in Huntsville. It’s an area called Providence that is taking off like that. I thought it would never happen in a small town like this, but it seems to be catching on big. There are plans for a new community that is being called Bridge Street that’s going with the same concept. Also downtown Huntsville is going to get some condos like this too. Houses are affordable in this area, but with more young professionals in an area like Huntsville it’s going to happen. More Northerners are coming this way so they tend to look for things to remind them of home.
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Yes the condos and brownstones are in Huntsville now, but Providence is already overpriced. The condos and brownstones are now starting in the high 300,000.00 to over a half million. When I first went out and looked in the area, almost a year ago, the homes were selling for just a little over 200,000. The most expensive one cost about 267,000.00, last year. Only the highly professional or wealthy, wealthy will be able to afford the cost in Providence. I don't know the price range for Bridge Street, but the property downtown is outrageous.
 
I have looked into a loft in downtown Baton Rouge on a few occassions -- to see what the realtor had to offer, the size - location factor and really to see if it was worth it.

Very nice properties, but in my opinion, vastly overstated in price. But I think with what went on with Katrina - that market is setting its own prices and they, I feel are overpriced.

My 2 cents.
 
The condos in downtown Hsv will be more reasonably priced. Providence is out in the western section of the city, and EVERYTHING out there is high (i.e. Madison.)

There were a couple of frat brothers of mine out in Southern California who were looking to buy some property in Huntsville about a year ago for many of the same reasons mentioned (value, location and growth potential of the city.) I think they were looking to invest in some luxury apartments or condos here in the city.
 
Depends on what the future holds in the area you buy.

In Jackson, the PLAN is to make Farrish Street like BEALE Street. The same company that did BEALE is in charge of Farrish Street in Downtown Jackson. The first three are clubs like the Comedy Factory, a version of BB Kings club in Memphis, and a third Dance club. Reasturants and fast food, (Stamps is going to open a 3rd location there). They have also designated this entire area as a "Entertainment District" which basically takes in everything from Freelons up to Hal and Mal's on State St. Other clubs have already started locating downtown Jackson.

That with the renovation of the King Edward Hotel, The 13 Story Standard Life Building, (Condo's/apts), the combined bus, train, taxi and limo station will make it attractive for people to buy in and invest in the area through other businesses.

If it's just someone putting up apartments with no plan for the area, I would not try it unless I just came from a region where I was used to living in a "Downtown" environment. The area has to grow in order for it to be a good investment.
 
AAMU Alum said:
The condos in downtown Hsv will be more reasonably priced. Providence is out in the western section of the city, and EVERYTHING out there is high (i.e. Madison.)

There were a couple of frat brothers of mine out in Southern California who were looking to buy some property in Huntsville about a year ago for many of the same reasons mentioned (value, location and growth potential of the city.) I think they were looking to invest in some luxury apartments or condos here in the city.
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Where Alabama in general is missing the boat is Atlanta. Atlanta will soon (or even now to a small extent) become the "Los Angeles" of the GA-AL-TN-SC region. People will move away from Atlanta like they are moving away from Los Angeles for various reason to cities like Las Vegas, Phoenix, Portland, Seattle. The difference is those cities were/are forward thinkers and welcomed the transplants from Los Angeles and took advantage of the influx of the cosmopolitan demographic. Cities in Alabama (or at a very minimum Birmingham) should do the same. Birmingham could capitolize on the flight from Atlanta, but you gotta have jobs and metro area amenities to attract people.

Birmingham's loft apartment sector is gathering steam. I'm very pleased by the growing number of old vacant buildings in downtown Birmingham being snapped up and turned into residential developments, something Birmingham proper needs after decades of blood letting to the south. Huntsville and Montgomery could get in on this trend (urbanites who want the convenience of an Atlanta but don't want the traffic et al headaches of Atlanta) of urban development as could Columbus Georgia,, i mean, Columbus, Macon, and Athens Georgia should BOOM the next decade or two,,, especially Columbus now that the BRAC will be sending 6-8K net military jobs there. and downtown columbus right now is ripe. the place is great potentially what with the history and they still have active rail lines through the city? :eek: what a potential there in Columbus. and they have this AND a river front just like Montgomery but they are virtually a legit suburb now days of Atlanta.
 



Bartram said:
Huntsville and Montgomery could get in on this trend (urbanites who want the convenience of an Atlanta but don't want the traffic et al headaches of Atlanta) of urban development
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:confused:

Huntsville is ALREADY getting in on this trend. The metro areas of Huntsville (Harvest, Madison, Meridianville, Monrovia, Toney) have boomed over the past decade. And when the 5,000 - plus jobs from the BRAC realignment begin to come in over the next few years, those areas populations will increase even more. There have been people from those cities whose military bases work is relocating to Hsv who've been visiting the area for the last 4-5 months speaking with realtors and meeting with school officials. What is more of a concern to folks around here, is whether or not Huntsville will become a victim of its own success.
 
AAMU Alum said:
:confused:

Huntsville is ALREADY getting in on this trend. The metro areas of Huntsville (Harvest, Madison, Meridianville, Monrovia, Toney) have boomed over the past decade. And when the 5,000 - plus jobs from the BRAC realignment begin to come in over the next few years, those areas populations will increase even more. There have been people from those cities whose military bases work is relocating to Hsv who've been visiting the area for the last 4-5 months speaking with realtors and meeting with school officials. What is more of a concern to folks around here, is whether or not Huntsville will become a victim of its own success.
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yeah huntsville is clearly the population growth leader in the state, where I was going was comparing a Huntsville/Montgomery/Macon/Chattanooga's growth to the fanatical growth seen in Las Vegas and Phoenix over the last 20-30 years. Las Vegas has gone from about 400-600K in the 70s to about 1.4M now (larger than the Birmingham MSA) due in good part to people moving from L.A./Bay Area to places like Nevada/Arizona (and Washington/Oregon for that matter). Just drawing parallels with Huntsville, which is growing but not like Las Vegas not even percentage wise. I think Huntsville's growth in based almost soley on it's own high-tech/government-military/space sector developed since the 1950s, not so much people getting out of Atlanta and flocking there. (i don't think it is to the point yet where Atlanta has become so unbearable with ridiculous taxes, traffic so on and so forth like a Los Angeles where people are frustrated enough to start leaving in droves,, but one day it could get that way in Atlanta is all i'm say.) I think over the next several decades this could be another source of population growth is all I was saying,, and any one of these cities within say a 300 mile radius of Atlanta could really capitolize. (especially if these cities, like Birmingham is starting to do, can provide the downtown/urban living with loft apartments and all like people in the much larger cities are used to. of coarse housing with yards is a given in places like HSV, MGM,, there's plenty of land and it's relatively cheap which is another draw) That's what i'm getting at.
 
cat daddy said:
If I had the cash, I'd invest in a Loft Apartment in D'Town BR. When you travel downtown there's a lot of construction going on and a lot of it is residential units. In 2006, construction is to start on a 36 story condo/retail complex called RiverPlace Condominiums.
RiverRoad_ariel_lg.jpg
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In Baton Rouge? These are condominiums exclussively?? Who do they see as their market, state government workers?
 

I think Huntsville's growth in based almost soley on it's own high-tech/government-military/space sector developed since the 1950s, not so much people getting out of Atlanta and flocking there. (i don't think it is to the point yet where Atlanta has become so unbearable with ridiculous taxes, traffic so on and so forth like a Los Angeles where people are frustrated enough to start leaving in droves,, but one day it could get that way in Atlanta is all i'm say.)


They are not necessarily coming from Atlanta, or any other ONE city/state. Point is, they are coming from ALL OVER!
 
AAMU Alum said:
They are not necessarily coming from Atlanta, or any other ONE city/state. Point is, they are coming from ALL OVER!
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yeah, and that's the sign of a diversified/diversifying economy which bodes well for Huntsville. Too much of a good thing is never good (like heavy industry in Birmingham from the 1900s to the 1970s). At one time Huntsville was very heavily dependent on NASA/defense. I'd still say that sector is the primary engine for the area, but not as much as it used to be with more engineering/high tech/research/service sector government contract management in place with nice light-heavy manufacturing like the toyota plant and a good airport with parallel runways, international port of call/international trade zone designation(something Birmingham didn't have until recently, Merecedes flys parts out of Huntsville, not Birmingham since they started ops in Tuscaloosa county,, but Birmingham is trying to get "up to speed" with Huntsville by extending its one runway to accomodate the largest fully loaded cargo jets in the world, something it can't do presently like Huntsville, Atlanta, Memphis, Nashville, Louisville, Charlotte, Orlando, etc) and an impressive intermodal facility.

The one big thing Huntsville needs which it doesn't have currently is a jet fuel pipeline connection to Colonial in Pelham(or the one in Nashville/Memphis). That got shot down recently, but if Huntsville International Airport can get a direct link to the jet fule pipelines that run through Birmingham/Nashville/Memphis, the airport could compete for major cargo hubs in the future like Fedex in Memphis, UPS, DHL, so on and so forth,, and airline hubs or maintenance facilities for airlines and cargo carriers(although the airline industry is very shakey, but there will always be companies to rise out of the ashes of kaos,, and Huntsville would be poised to land HQs, hubs, etc). This would really propel HIA into a league with metros like Austin Texas or Greensboro-Winston Salem-High Point-Burlington and Raliegh NC for example. Right now every drop of jet fuel pumped into planes at HIA has to be trucked in from Birmingham/Nashville/Memphis on 18 wheelers around the clock.

If HIA had a direct link to a jet fule pipeline, you could build massive tank farm complexes for jet fuel et al storage like you have in Atlanta/GBoro-WS etc and potentially be able to accomodate vastly larger volumes of jet traffic and hub operations where there's a large demand for refueling ops. There's no other airport in the state as well poised potentially as HIA; the only thing HIA needs is a direct link to a jet fuel pipeline and it's over,, HIA would surpass BIA even in shear numbers of passenger traffic,, because BIA is land locked and it does not look like they will be adding another runway at least for the next 20 years according to the masterplan a couple of years ago. Huntsville already has parallel runways which hub operations and maintenance facilities covette,, and soon both runways (second shorter runway was being extended last time I checked) will be able to accomodate fully loaded cargo jets.

Birmingham (actually Eugene "Bull" numbskull short-sighted idiot Connor) really blew it on their airport situation in the 1960s and Birmingham has suffered directly and indirectly every since and will continue to for the foreseeable future. Connor really really blew it for B'ham.
 
Bartram said:
In Baton Rouge? These are condominiums exclussively?? Who do they see as their market, state government workers?
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Condo's only. They are marketing them to State employee's and retired baby boomers/the empty nest crowd.
 
cat daddy said:
Condo's only. They are marketing them to State employee's and retired baby boomers/the empty nest crowd.
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Classic. That's good stuff, ESPECIALLY IF YOU'RE INVESTED IN IT! :look: My birth home town is a small town near a military base and boy let me tell you,,,, all i gotta say is THANK GOD FOR RETIREES/RETIRED MILITARY THAT FELL IN LOVE WITH THE AREA WHILE HERE FOR TRAINING AND NOW ARE FLOCKING BACK TO RETIRE! This is great stuff man let me tell you. (ok, you'll have to excuse me now,,, going on a tangent/diatribe,,,)

A place like Tuskegee for example (again i will continue to use my own digs so as not to provoke smack with people who think i'm running some kind of smack),,, Tuskegee the city is WOEFUL. This place has DECLINED in population since I left. In the 80s Tuskegee's population was about 13-14K,, it's now down to 11K or so. The place is ABISSMAL in terms of being a viable city/town where people (especially young folks, ESPECIALLY YOUNG PHDS WHO COULD POTENTIALLY BE LOOKING TO WORK AT TUSKEGEE,,, HELLLOOOOOO YOU DOPES IN TU ADMIN AND AT CITY HALL IN TUSKEGEE YOU MORONS,,,, HELLLOOOOOOOOOOOOO?????????!!!) can live, despite being smack-dab between metro Montgomery, metro Auburn-Opelika and metro Columbus GA (and actually being a part of the Columbus-Auburn-Opelika CMSA),, the town of Tuskegee has NOT capitalized on its geographic location, location on an interstate between ATLANTA and the southwest, being a COLLEGE town for pete sake AND being near a major rail line CSX for crying out loud! This town is absolutely ABISSMAL and HAPPLESS the morons. If it wasn't for Tuskegee University I don't think the place would exist or be nothing more than a "Union Springs" farm community at best (which is not saying much AT ALL).

What can Tuskegee the town do to revitalize itself,,, other than get rid of inept, corrupt moron leadership???? welp, i'd say redefine yourself as a RETIREMENT community. ,,,,,,,,,,,,,,,, are you telling me that a place with as much BLACK HISTORY, culture, a COLLEGE, a museum and such as Tuskegee,,,,, with easy access to Montgomery, Columbus, Auburn-Opelika (for your basic metro area needs) AND ATLANTA for your major metro area needs,,, less than 200 miles from the beaches,,,,, aaaaare you telling me that this town, WITH ALL ITS HISTORY,, can't parlay itself into a thriving retirement/bedroom community (especially for black folk)????????????????????? with all these blacks living in big cities around the nation world who will retire and many who may want to come back to the south,,,,, especially those FROM ALABAMA who went to Tuskegee/HBCUs????? ,,, if ya just had a nice bustling town with excellent infrastructure, nice growing neighborhoods, good school systems(don't know how BTW is doing so not saying it is a bad system), shopping centers and such,,, enough to attract retirees for God sake.

The place geographically is wonderful, there's plenty of land for the taking,,, a national forest abutts the town for crying out loud for all the tree hugger types,, i mean,, Lake Martin just up the road,, ya gotta be kidding me here folks. And you got MORON worthless pieces of crap towns like Prattville, worthless WETUMPKA, TALLASEE for crying out loud,, Milbrook,, THAT ARE BURSTING AT THE SEAMS WITH BEDROOM COMMUNITY ("MIDDLE INCOME FLIGHT",,,, i'm no longer going to refer to it as "white flight" because there are many upwardly mobile middle-upper income blacks flocking to the bedroom communities) GROWTH,,,,, and Tuskegee, a scant 38 or so miles from Montgomery and 18 or so miles from surging Auburn DECLINING IN GROWTH???????????? WHAT DA H ELL IS THAT?!!! EVEN SHORTER, A DAYUM TRUCK STOP INTERSECTION ON THE INTERSTATE, HAS LANDED A TIER ONE HYUNDAI SUPPLIER AND IS SEEING MODEST (but very lucrative estate lot type) RESIDENTIAL GROWTH for crying out loud!! ,,,,, and you mean to tell me you got Tuskegee the town, TUSKEGEE,, HOME OF FVCKING TUSKEGEE UNIVERSITY FOR CRYING OUT LOUD,,,,,, sitting here DECLINING in population?????? this is incredible. just incredible,, and NOBODY is to blame more so than THE LEADERSHIP/PEOPLE OF TUSKEGEE THE TOWN!!!!!

The leadership in Tuskegee(post-getting through the 1960s and all that crap,, and maybe the first term or two of Johny Ford) is incompetent, inept idiots,, and all these FAILED POLICIES over the years that have, yes, taken care of the basic needs of the people but have NOT focused on dad blame economic development and population growth to FREAKING SUSTAIN YOUR DAYUM TOWN AND ITS TAX BASE for crying out loud,,,, HAS FAILED WOEFULLY!!!! it's just incredible,, it makes my blood BOIL. how in the HELL can a town like Tuskegee be in such disarray and disrepare when you got worthless towns like Troy with not even an INKLING of the potential of a Tuskegee, NOT on a major interstate,, holding their own with a much better GNP and more sound financially, WAY MORE FVCKING INDUSTRY (Lockheed Martin, Sikorsky, Wayne Farms, Wiley Sanders, Hudson, A COLLEGE ALSO, on and on. you know, every small town in Alabama has farming industry at the very least. is there any kind of major farming employer in Tuskegee????? But ok, Tuskegee is a "service industry" town what with the college and all right? well why come Auburn, Troy, Tuscaloosa, Talladega, even pathetic Selma, etc all have SOME kind of other job base other than the college????? huh?) and larger than Tuskegee (even though both towns were virtually identical in the 70s and 80s in population)???? (that's rhetorical, we know the issue,,, Tuskegee is 95-98% black,, but you know what,,,,, that aint it either because Atlanta is a heavily black city and has had black political leadership calling the shots since the 1960s and they have done JUST FINE,,, albeit with a good working relationship with the white business community,,, of which there is little to none in Tuskegee,, so i'd have to place the lack of prosperity in Tuskegee the town on bad leadership, leadership getting fat and happy resting on its lorals, leadership stuck living in the past and not adapting to the constantly changing economy, politics and social environments.)
 
Bart,

I'm excited about what going on in downtown Montgomery (lofts and other revitalizations). Mayor Bright's Riverfront development is having its desired effect. My concerns are that the cost will displace many blacks living in the downtown area.
 
J C said:
Bart,
I'm excited about what going on in downtown Montgomery (lofts and other revitalizations). Mayor Bright's Riverfront development is having its desired effect. My concerns are that the cost will displace many blacks living in the downtown area.
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Bobby Bright is the "Ivan Allen" (one of the last great econ devel oriented white mayors of Atlanta before blacks siezed political control who positioned Atlanta well and handed off a city with HUGE potential which we see has materilized today) of Montgomery i'm telling you. This guy is great. That election, the one where he ousted Emory Folmar (and many of the extremist from BOTH sides of the political spectrum were ousted by the citizens of Montgomery, me being one), was the greatest watershed event in the history of Montgomery since they moved the capitol to Montgomery and the railroads decided to come to the banks of the Alabama River. This guy is great. I believe he'll run for senate, maybe governor soon unfortunately.

Montgomery, admittedly a very conservative city, needed and was ready for some loosening of the reins for crying out loud. I mean Folmar, although I PRAISE him for aggressively annexing east Montgomery (while he/Montgomery could) and getting the outer loop started (even though it's just sitting there now), was a rellict and it was time for this fool, just like Joe Reed et al,, to go. You know I'm all for Joe Reed from about the 60s to the 80s,,, but enough was enough. Emory I was never a big fan of this dope because i know it was all egos between him/old hardline confederates/ultra conservative religious conservative old money whites vs growing black political clout so on and so forth. Not that I have a problem with some of their conservative views,, but when you lose sight of basic issues that everybody can agree on like WE NEED MORE FVKING JOBS IN MONTGOMERY, WE NEED TO ATTRACT MORE/BETTER JOBS/INDUSTRY TO MONTGOMERY, WE NEED TO LOOK INTO KEEPING MONTGOMERY COMPETITIVE WITH OTHER LIKE-CITIES IN TERMS OF RIVERFRONT/DOWNTOWN REDEVELOPMENT, AN AIRPORT THAT CAN ATTRACT MORE CONNECTING FLIGHTS,,, when you are shunning that and totally focused on racial pissing contests, BOTH SIDES(the ultra-liberal "Jessie Jackson" black political leadership), that's when i lose you. mofos need JOBS first and foremost. freaking be like Atlanta, put a sock in all the racial beefs and focus on getting jobs into the city and growing the city and hash out the racial crap AFTER jobs are sprouting in the region like mushrooms. but i don't want to get started.

now to your comments on worrying about the displacement of of blacks living downtown and the cost,,,,,, look,,, if black people own property now all they gotta do is hold on to it and build their own develpments. don't sell. as far as being able to afford to live downtown,, if you can you can, if you can't you need to figure out a way to make more money.

back to your original point,,, well hell,, i can't live in downtown Montgomery (well, i could, but i would be stretched severely living from pay check to pay check) and i'm an EE with a master's degree. I simply know my limitations and how i want to live,, but it's not the end of the world as i see it. Depending on your situation, you need to understand and realize that you can't have certain things unless you have the cash,, and that's not the end of the world if you don't have that. I don't have no BMW, Mercedes or these jacked up trucks/SUVs with the rotating wheels and all that,, but i don't really have to have that, that's a perk (or should be) or if you have the money a nice aside. There are PLENTY of other options in terms of living. Short of mandated laws and social engineering, you ain't gonna be able to accomodate every walk of life in upscale loft apartments/condos in downtown Montgomery.
 
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