“As it turns out, there are some Black people who can and, more importantly, are willing to fork over the eye-popping down payments & accept the exorbitant mortgages that have become the norm of homebuying in South L.A.,” writes columnist Erika_D_Smith
With home prices topping $1 million, Black people who bought modest properties decades ago are realizing they are wealthy. All they have to do is keep them.And yet, it was only a generation ago that Black parents were dragging their kids from South L.A. to the San Fernando Valley for a better life, as my. Never mind that for decades, those neighborhoods were notoriously whites-only.
I recently had such a conversation with Stacy Lewis, head of the Leimert Park Neighborhood Assn. I asked if he knew of any Black families that had bought homes south of the 10 Freeway lately. He just stared at me in confusion and shook his head.As if on cue, a white woman in yoga pants strolled by our table outside Harun Coffee.
Lumpkin said many seek her out specifically because, while they could live in, say, Hollywood or Studio City, they want to live in a Black neighborhood. “Our kids go into these schools where nobody looks like them. Teachers, administrators, all of that,” said Lumpkin, who lives in View Park. “The feeling of security in the neighborhood is nice. Like, you just feel secure when you see other people that look like you.”
“They said it’s important that folks come in with a sense of ownership,” he said, noting he is already involved with several local grassroots initiatives. “So it’s buying property and owning land. I think they also appreciated that it’s me and my wife, and we look like the community.” Michael, who works in product management at Snapchat, agreed with his wife, adding that the mostly Black neighborhood feels like “a warm blanket,” the way Brooklyn used to feel.
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