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June 7, 2006

The Harlem Shuffle

No, not the dance craze but the real estate game here in Harlem.  Many readers already know about the displaced residents who lived in Mitchell-Lama housing and now the whole controversy surrounding Pinnacle. Those are just the stories that we hear about in the news.

My next door neighbor is moving today.  As it turns out she and several other neighbors were moved into our renovated building temporarily three years ago while their building at 126th Street and Saint Nicholas was being renovated.  She is now moving back downtown into her old building. She was one of the few who put up with the shuffle game but think about how many more have just thrown in the towel.  A few months ago the New York Times and Amsterdam News wrote articles about the number of African Americans leaving New York.  Part of the reason is the fear of being displaced or outpriced after years of tolerating less than adequate services and accommodations.  I’m sure there will be more stories of this sort emerging as Harlem continues to gentrify.

If today’s New York Daily News article is any indication, things will not be improving for long time Harlem renters any time soon and buyers aren’t in a better position according to this article.

Related: Amsterdam News :: Protest in Garvey Park ::

Cat: 
    Real Estate, Notes from the Editor | Time: 4:03 pm (UTC+8) 

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