Source: Jumper / Getty A new study has broken down how much money you need to make annually to live in a particular city, and Atlanta is surprisingly still one of the cheaper cities to buy a house when it comes to annual income, still $10,000 below the national average According to data from U.S. Census Bureau , San Jose and San Francisco, rank at the top of the list with a price tag of close to 200,000 a year just to afford a home. Atlanta is amongst the lowest with a salary tag just under $50,000 a year. Check out the top how the list compares city to city. _____ Sign Up For Our Newsletter! Close Thank you for subscribing! Please be sure to open and click your first newsletter so we can confirm your subscription. Email Submit _____ Top 5 Cities With the Highest Salary Required for Buying a Home 1. San Jose, CA – $254,835.73 2. San Francisco,CA – $198,978.01 3. San Diego, CA – $131,640.79 4. Los Angeles, CA – $123,156.01 5. Boston, MA – $106,789.93 Top 5 Cities With the Lowest Salary Required for Buying a Home 1. Pittsburgh, PA – $37,659.86 2. Cleveland, OH – $40,437.72 3. Oklahoma City, OK – $41,335.41 4. Memphis, TN – $41,400.93 5. Indianapolis, IN – $42,288.92 Atlanta, GA – $ 49,840.16 CLICK HERE TO READ MORE
B lack entrepreneur Don Peebles is investing in the futures of women and people of color in the real estate industry. According to The Real Deal , he’s launching a $500 million fund to support developers from underrepresented groups in South Florida, Los Angeles, New York and other cities. The new fund is another example of how Don Peebles has been a long-time game changer in his industry. https://t.co/9bl1w6ak7j — Black Enterprise (@blackenterprise) June 29, 2019 Peebles—who owns the real estate development firm Peebles Corp.—says he’s on a mission to level the playing field when it comes to access to capital. Through the fund he wants to work with developers from different cities throughout the country on projects that will be built on underdeveloped or vacant land. The projects will be a mix of commercial and residential buildings; some of which will have affordable housing units. According to Peebles, the fund will be supported by investors. He’s aiming to work on 60 different projects which will be between $10 million and $70 million each. “The idea is to create this business model that shows that investing in emerging developers and investing in diversity will result in higher returns with less risk,” he said while unveiling his plan at The Real Deal’s annual residential real estate event. “It’s a very positive thing to have the developments that are taking place in communities of color, to have the projects be developed by people of color. We see this as a win-win and an untapped market.” There are several entrepreneurs who are on a mission to make the real estate industry diverse. Johnetta G. Paye, Esq. and Ernestine Johnson created the first Black-owned real estate crowdfunding company to help individuals from underserved communities overcome the obstacles of gentrification by helping them make low-cost real estate investments. SEE ALSO: These Women Are Running The First Black-Owned Real Estate Crowdfunding Company Black Entrepreneurs Raise $8 Million For Barbershop-Focused App [ione_media_gallery src=”https://newsone.com” id=”3881815″ overlay=”true”]
Source: Aaron Rapoport / Getty T he timing of life’s peaks and valleys are unique depending on the individual in Black America, but the experiences themselves are synonymous. We all deal with the task of navigating through terrain specifically designed for us, yet not designed in our favor. The socioeconomic makeup of the cities we come from teaches us to be communal and operate in self-interest at the same time. The dynamic of our relationships includes a protective instinct as we care for each other in nuanced ways while playing tug of war over a certain type of respect from our significant others. We treat our close friends like siblings while keeping each other at a metaphorical arm’s length for fear of exposing our weaknesses, thereby giving too much power to anyone. Stepping into our individuality is a fight in and of itself as we reluctantly turn away from the mindsets and habits molded by our predecessors, in favor of new ideologies that fit our perspectives of the world we eventually encounter on our own accord. There’s a powerful duality that we inherit with our brown skin, and John Singleton was a master of explaining it through is directorial lens. The Duality of Black Men At 24, John Singleton put Hollywood on notice and South Central LA on display with Boyz n the Hood —a masterpiece that showcased the spectrum of young Black men versus the generalization of us, pumped through the propaganda machine known as American news. In the film, a gifted young boy named Tre hits the time limit on the safety of his mother’s nurturing embrace, and is transitioned into lessons on manhood through the guidance of his father. It’s a distinct adventure each Black man has to face. Those of us who were unfortunately raised without fathers received our lessons in manhood from the uncles, cousins, coaches, and various other “father figures” within arms reach. Regardless of the teacher, the lesson remains the same. The world doesn’t love you like your mother does, and it never will. When you jump off the porch and into society, you’re public enemy number one, and you’d better learn to be productive despite the burden. You’d better grasp that being a Black man is a job and it’s on you to find a way to carry its responsibilities, even if you get so frustrated that you end up punching the air. For every Tre there’s a Doughboy, a kind heart hardened by his surroundings. The good in him occupies an equal amount of bad. The good is what he wishes consumed him, and the bad is what he depends on for survival. How can you judge him for being balanced? Is it because he doesn’t look inviting? Is it because his charm comes with a hint of mystery? You can’t quite tell what he’ll do if you bring him the wrong energy, can you? Good, we make you feel like you should be on your toes around us because we live like that everyday. Those are instincts we need so we don’t end up like Ricky: robbed of our potential because we got caught slipping. The robbery of our potential doesn’t always end in gunfire. Sometimes it ends in losing that scholarship, or that promotion we had a shot at. If we’re not on point at all times, we’ll end up taking two steps back from the forward step we just took. Worst case scenario, we end up dead, never taking a forward step again. Exchange of Power As Love Language Just two years after releasing Boyz n the Hood , John Singleton gave us Poetic Justice , this time painting a picture of the complex relationship between young Black men and women. The film’s main character Justice lost her boyfriend unexpectedly to violence, leaving her skeptical of opening up again. Lucky, her love interest played by the late Tupac Shakur, had good morals, but didn’t understand how to engage a woman that required more than sweet talking and humorous wit. I can’t speak for women, but as a man I know what it’s like to give love and decide I didn’t want to anymore. Most men are guilty of that. Until a certain age, we don’t think much about how deeply some of our gestures resonate, and how traumatic it must be to impact someone emotionally, to just move on without thinking twice. I’m not sure if we do that because we’re afraid of being vulnerable, or because we’re as emotionally unintelligent as people say. Maybe it’s both, but either way, we’re a bit entitled with how we handle love. As we grow older, we encounter women who have developed a force field around their hearts, weary of repeating the same let downs that come from our fear of vulnerability. That’s where we butt heads. As men, we may have good intentions with the women we forge relationships with, but good intentions aren’t enough. It’s about consistent action, and creating a safe space for a woman to let her guard down. “I’m a Black woman, and I deserve respect.” – Justice, Poetic Justice Lucky and Justice challenged each other in that sense. On one hand, it’s perfectly natural to be protective of your feelings. It’s equally as natural to expect to be taken as you are, even if there’s potential to be better. Black men and women are everything to each other, even when we’re too stubborn to see it. We go through exchanges of power, until deciding to meet in the middle and understand the reasoning behind each other’s flaws. We saw the experience played out just as much in Baby Boy . The story of Jody, a 20-something Black man struggling to take ownership of his transition out of boyhood. He has two children by two different women, one of which he loves, and both of which he expects access to when he feels like it. Yvette, the woman who has his heart, displays the type of patience he doesn’t deserve. She provides for herself, maintains a roof over their son’s head, and still welcomes him with open arms although his presence is inconsistent. He’s quick to name the small things he does for her: buying groceries here and there, installing cable, and putting rims on her car—small gestures that to him say “I’m making sure you’re comfortable”, but they pale in comparison to what Yvette really wants. She wants to know they’re a family, that she can depend on him. Her frustration manifests in locking him out of the apartment. He hits back by refusing to fix her car. Small incidents, both of which are attempts to gain some sort of leverage. In the end they come together the minute Jody realizes that he can’t fight his woman until she bends to his will. He’s got to give as much as he’s hoping to receive, maybe even a little more. That’s the essence of being a provider. “If I’m insecure it’s because you made me this way, all you do is think about yourself.” – Yvette, Baby Boy The Black woman demands that we realize the power in our potential. She knows that her love for us doesn’t require her to settle for half of us. She welcomes being led, as long as we’ve actually got a direction in mind. The irony in that is it takes time to find direction, and maybe we’d like her to know that not having direction yet doesn’t mean we’re not in search of it. Optimism Versus Realism In Higher Learning , Remy and Malik show the juxtaposition of the mindstate most young Black men deal with at educational institutions. Malik is there on scholarship, while Remy is a senior on his way out. Remy is militant, and almost exhausted at the racism he sees daily. Malik is hopeful, a wide-eyed freshman aware that the institution he’s operating within has its own cultural barriers he’s got to work around. In a back and forth with his Black professor, Malik seems to expect a break because they share the same skin color. That is a distinct experience we have as Black people, so artfully showcased by Singleton through character dialogue. At times, we mistake support for a free pass. Racism is a great hindrance to our progress in this country, it’s an indisputable fact. Be that as it may, we still get in our own way at times by believing that when we see each other in spaces where there are few of us, that we shouldn’t hold each other to high standards. We sell each other short looking for the hook-up when it’s more productive to help each other earn what’s for the taking. “ I will continue to give you a difficult time, until you have proven that you deserve otherwise. Those are the rules of the game. Young man you have to rid yourself of the attitude that the world owes you something. You must strip yourself of that attitude, it breeds laziness.” Professor Phipps, Higher Learning Meanwhile, Remy appears almost jaded at having a higher education, because the struggle doesn’t change. What good is a degree, certificate, or any other credential if at the end of the day, it’s our skin that determines how our trajectory? He’s not entirely wrong to carry these thoughts, but it’s dangerous to accept that reality. If we keep a bleak outlook on our potential then we’ll never move forward. We must embrace hope just as we embrace the survival mentality. Both are necessary, but neither is beneficial in excess. There are countless other movies and an iconic music video I can choose from and dissect, but the message is clear: John Singleton knew the value in helping us see ourselves, never shying from the stereotypes others may have run from. Instead, he revealed the beauty in our madness, and the genius in our ignorance. Black people aren’t perfect, nor do we come perfectly packaged. It’s our various dimensions that make us a galaxy worth learning and understanding, for the benefit of our own higher learning.
Source: Shareif Ziyadat / Getty 50 Cent Takes Major Loss On Sale Of Connecticut Mansion 50 Cent is a master of spin and distraction, but there’s no silver lining in this gloomy cloud. According to a CBSNews report, the unnecessarily big Connecticut mega mansion that Curtis Jackson bought from Mike Tyson years ago has FINALLY been sold…for FAR under the initial asking price. 50 bought the home from the former boxing champ in 2003 for $4.1 million and has since poured MILLIONS of dollars into it for renovations. In 2007, the rapper looked to sell the crib for $18.7 million but there were no takers. Recently, the price had dropped to a desperately low $4.95 million, but today we get word that the final sale price was even worse. 50 agreed to sell the home for just $2.9 million, $1.2 million less than what he paid, and not even half of what he put into the home. NYDailyNews estimates that he spent somewhere between $6 million and $10 million to make the place sellable. With a 21 bedrooms and 35 bathrooms, as well as a movie theater, gym, indoor pool and basketball court, that $2.9 million price tag might as well be free. 50’s now-former crib appeared on an episode of Million-Dollar Listing last year and he vowed to pull the property off the market for other uses: “It would be interesting to have programs where we could escape the cities and kids from the inner cities to go out and just be creative, to kind of hone in, you know, on the arts and stuff like that,” 50 Cent said in the episode. “They’ll be able to use the recording studio and the fitness areas, the pools, everything. It’ll be a cool summer camp house.” He took quarter water and sold it in bottles for two bucks, Coca-Cola came and bought it for billions. 50 will be fine, he just has to take this L.
Source: Itaysha Jordan / Essence Magazine The latest issue of Essence hit newsstands on Monday and cover star Issa Rae is absolutely gorgeous! Fans couldn’t help but glance down at her ring finger which once again shows off that flawless ring of hers. But is it really her engagement ring? Social media seems to believe so. But who is the lucky man that got down on bended knee to ask Issa for her hand in marriage? According to a few social media sleuths, it’s longtime boyfriend Louis Diame ! Diame has been spotted on more than a few red carpets with Issa, dating all the way back to her Awkward Black Girl days in 2012. With that rock being more than prominent on the cover, fans took to social media to celebrate Issa and her love! Congratulations are in order for Issa Rae who is engaged to long term boyfriend Louis Diame, a fellow Senelaese business man! #ThePalmTree pic.twitter.com/RoHR3qx85w — YT: Fourens (@Fourens_) March 25, 2019
Source: Kevin Mazur / Getty The city of Atlanta has proclaimed Meek Mill Day”, Monday, March 25th . The day will kick off the city’s summer of non-violence initiative, which hopes to curb some of the cities violence issues that plague our communities. Congratulations to @meekmill who received both a “Proclamation” from the Atlanta City Council and a “Phoenix Award” the City of Atlanta’s highest honor Check out some of the video below..
W hen it comes to securing venture capital for business ventures, there isn’t a level playing field for Black entrepreneurs. Racial disparities in the world of VC goes beyond the struggles that business owners of color have when trying to get capital for their startups. Studies show that 81 percent of venture capital firms don’t have any Black investors on their teams, and a new company is looking to change that, Tech Crunch reported. 81% of VC firms don’t have a single black investor — BLCK VC plans on changing that https://t.co/P0OK4GQ4xo by @kateclarktweets pic.twitter.com/qNHAdYabhR — TechCrunch (@TechCrunch) November 8, 2018 The firm BLCK VC was launched as an avenue to increase the number of Black investors, the news outlet writes. The organization is aiming to turn 200 African-American investors to 400 over the next six years. BLCK VC has been primarily focused on areas that include New York, San Francisco and Los Angeles and they hope to expand to other cities. The firm wants to cultivate a safe space for Black investors so that they can come together and develop actionable strategies to diversify the venture capital industry. “We think of ourselves as an organization formed by black VCs for Blacks VCs to increase the representation of black investors,” Sydney Sykes , Co-founder, BLCK VC, told the news outlet. “You can look around and say ‘well, I know five black VCs,’ but you can also say this firm does not have a single black VC, they may not even have a single underrepresented minority … We want to make firms reckon with the fact that there is a racial diversity problem; there is a lack of black VCs and every firm should really care about it.” Her business partner Frederik Groce added that there’s an “incredible need to ensure there are resources in place so people don’t churn out of the community.” Groce and Sykes join other Black entrepreneurs who are creating opportunities in the venture capital world. Entrepreneur Shelly Bell launched Black Girl Ventures to help Black women entrepreneurs gain access to VC funding and to build a network. SEE ALSO: Entrepreneur Helps Black Women Get Access To Venture Capital Black Woman Venture Capitalist Aims To Revive Underserved Areas In D.C. [ione_media_gallery src=”https://newsone.com” id=”3834692″ overlay=”true”]
Getty Images More Than 100 Injured Following Earthquake On Haiti’s Northern Coast An earthquake struck off of the northern coast of Haiti late on Saturday. It is being reported that the quake killed at least 11 people and injured more than a hundred when several buildings collapsed in the impoverished Caribbean country, according to officials. The earthquake had a magnitude of 5.9 quake and was centered about 12 miles west-northwest of the coastal town of Port-de-Paix, the U.S. Geological Survey said. Jackson Hilaire, the police chief for the northwest region, announced earlier that at least seven people were killed and more than 100 injured in Port-de-Paix. Another four people were reported dead in and around the town of Gros-Morne further south, which includes a boy who was struck by a falling building, said mayor Jean Renel Tide. This earthquake was one of the strongest to hit Haiti since 2010, when a 7.0 magnitude quake struck near the capital, Port-au-Prince and killed tens of thousands of people. In a post on Twitter, President Jovenel Moise urged the people of Haiti to remain calm after the civil protection agency reported the latest quake had caused outbreaks of panic in northern towns following the commotion. The agency said that Port-de-Paix, Gros-Morne, the town of Chansolme and the island of Tortuga were the cities to suffer some of the worst damage across the coast. They also reported that some houses were destroyed. Le Nouvelliste newspaper said that one person in particular was killed when an auditorium collapsed in Gros-Morne and that detainees were released from a police holding cell that was damaged.The tremor also damaged the facade of a church in the town of Plaisance and a house next door collapsed, the paper said. Saturday’s quake was felt in Port-au-Prince, but initial reports via Twitter said that it had not caused major damage there.
Source: Peter Kramer / Getty Dunkin’ Donuts pulled an IHOP move on everyone earlier this week when they announced that they’ll be changing their name to just ‘Dunkin’ now. The purpose of the name change, which will officially take place in January , is to reflect the chain’s increasing emphasis on coffee and other drinks, which make up 60 percent of its sales. According to the Associated Press, “the 68-year-old chain has toyed with the idea for a while. In 2006, it released a new motto — “America runs on Dunkin’ — that didn’t mention doughnuts. Last fall, it tested the “Dunkin’” logo on a new store in Pasadena, California; it has put the name on a few other stores since then.” David Hoffman, the CEO Dunkin’ Brands, said in statement, “Our new branding is a clear signal that there’s something new at Dunkin’. It speaks to the breadth of our offering.” Despite what the Dunkin’ higher ups say, folks are saying millennials are the reason for the sudden rebranding. One Twitter user complained, “Lazy Millennials finding it extremely difficult to pronounce or text extra syllables, Dunkin Donuts will now be known as Dunkin. Keeping to the trend we will now buy burgers at King eat tacos from Bell buy tires from Mr. buy carpet at Barn and mattresses at Warehouse.” Another stated, “Dunkin’ Donuts is too long a name for Millennials to say or remember. I’m surprised they didn’t shorten it to #DD” But Atlanta-based marketing consultant Laura Ries thinks the millennial haters may be on to something. She told AP that “ Dunkin’ eventually won’t mean anything to younger customers who haven’t grown up with the full name. Specific words are easier for people to remember and conjure emotional connections, she said. Having “Donuts” in the name is also easier for people in overseas markets who may not know what “Dunkin’ means.” The gag is, many Gen X and Y’ers have vocal about their disdain for Dunkin’ coffee anyway. hi. Dunkin's coffee is trash. — Kyle Feldscher (@Kyle_Feldscher) September 25, 2018 Coffee is trash. Why would Dunkin' want to be about a trash drink instead of delicious, delicious donuts? — Benjamin Winters (@SKCBensa) September 25, 2018 Earlier this year, IHOP caught hella flak for changing it’s name to IHOB — International House Of Burgers — then changing it back. And let’s not forget that KFC had to issue a press release to put an end to an online rumor that that claims the restaurant was forced to change its name because it doesn’t serve real chicken. Word to the “food chain” wise, millenials can smell the thirst from a mile away — so don’t blame us when the rebrand doesn’t work. Do you think Dunkin’ Donuts’ name change will have an effect of the brand overall? Hit us up on Facebook and Twitter to share your thoughts. via GIPHY
Source: Atlanta Falcons / Radio One Unless your living under a rock, you know that SUPER BOWL LIII will be in Atlanta this year and the city is hyped! When a Super Bowl comes to your city, so does plenty of opportunity. But with that also comes a lot of headaches for many local Atlanta natives. Here are 5 bad things that will happen to Atlanta when the Super Bowl comes to town. ALSO CHECK OUT: 5 Side Hustles To Get Money While The Super Bowl Is In Atlanta 1. Traffic Traffic is already horrible in Atlanta, now add millions of people for the weekend and you get a recipe for disaster. If you work or live in the city be prepared to take alternate routes, or even consider working from home Super Bowl week. ALSO CHECK OUT: Should I Airbnb My House Or Apartment For Super Bowl LIII? 2. Over Crowding The city looks to host millions of new faces in the city during Super Bowl week, which means downtown will look more like New York City. Plan for huge crowds of people taking over Centennial Park and other parts of downtown. 3. Price Hikes Anytime a major city has a major event, the cities businesses feel the need to hike up prices for everything! Plan for all your local bars to charge more for your favorite beer. 4. Drunken Tourists With the Super Bowl comes drunken fans from all over the country looking to drunkenly cheer for their favorite players. Be prepared for booze and bird scooters all over the place. 5. Annoying Fans from other NFL teams. All fans not Atlanta fans are just Annoying. Be prepared from them to be everywhere The Latest Music, Celebrities and Interviews: Sign Up For Our Newsletter! Close Thank you for subscribing! Please be sure to open and click your first newsletter so we can confirm your subscription. Email Submit