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The Eye of Sauron Versus Ferguson Property Values

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From Daniel Rivero in Fusion:

The average selling price of a home in the city has been on a steady decline since the shooting of Brown last August, according to housing data compiled from MARIS, an information and statistics service for real estate agents. Prior to Brown’s death, the average home sold in 2014 was selling for $66,764. For the last three and a half months of the year, the average home sold for $36,168, a 46 percent decrease.

The trend has continued on through this year, with the average home selling for only $22,951 so far in 2015. Another negative indicator: in the eight and a half months leading up to Brown’s death, the average residential square foot in 2014 was selling for $45.82. In the eight and a half months since Brown’s passing, the average residential square foot in the city has sold for $24.11. That’s about a 47 percent downtick in one of real estate’s core indicators.

Something to note is that even before the Eye of Sauron turned toward Ferguson last August, the average home sales price was only $66,764. That’s not much of a tax base to pay for expensive accoutrements like a lot of black cops. As Countenance pointed out last year, black guys who meet the basic standards for being a cop (high school grad, literate, clean record, not too low of an IQ, not too fat) have better options in the St. Louis area than working for the Ferguson PD: work for wealthier places that pay more or for peaceful exurban places that don’t have much stressful work for you to do.

Ferguson struck me as a pretty successful example of the process of managed decline in inner ring suburbs without rapid white flight. The adult children of white homeowners wouldn’t buy into Ferguson because they want whiter schools for their children, but older white homeowners weren’t being driven from their homes by crime. Eventually, they’d get toward retirement and sell out to a black family. They wouldn’t get all that much for their houses, but they were leaving on their own schedules, not being driven out.

Similarly, black homeowners seemed reasonably satisfied with city government, since they kept moving to Ferguson and they weren’t bothering to organize to take over politically. (Of course, I don’t believe there is much of a tax base to take over, so there wasn’t much incentive.)

Was this the worst thing in the world?

Yes, apparently, it was the Worst Thing in the World.

 

44 Comments to "The Eye of Sauron Versus Ferguson Property Values"

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  1. I’ve read claims that Section 8 vouchers played a role in Ferguson’s decline – spreading the black underclass among the apartment complexes in inner suburbs like Ferguson. Is there evidence to support that? Do we have data on where Section 8 vouchers get used?

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  2. Even I, as a St. Louisan, was floored when I found out that even before August 9, the average selling price in Ferguson was only 66K. Yeah, St. Louis, outside of the historical properties, isn’t and hasn’t been really a sexy real state market for a very long time, but 66K is hardly anything. Which means that Ferguson was already on a downhill slope, but August 9 and its aftermath only sent it tumbling. I think that Ferguson could maybe buy itself a little time by shrinking its municipal boundaries, returning the apartment farms of southeast Ferguson and the Fergaza Strip to unincorporated St. Louis County. But then there’s the long term matter of the Ferguson-Florrisant School District: Its three high schools are 68% black, 87% black and 94% black.

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  3. Maybe 50 years from now the old crowd can head back to a bombed out Ferguson like they just visited Selma.

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  4. The NYT is the Worst Thing in the World.

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  5. As many countries, most recently Ukraine, found out, having the Eye of Soros on you is even worse.

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  6. Interesting you say that:

    http://www.stltoday.com/news/local/metro/what-s-going-to-happen-to-canfield-green-apartments/article_a358dfaf-2e7f-51b1-941b-69d542c0f5a0.html

    Which means The Spot and the makeshift garbage dump memorial (which is still there) will soon be our Edmund Pettus Bridge.

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  7. The Eye of Soros — that’s good.

    Somebody adept at Photoshop might take a crack at it.

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  8. Newspaper ad revenue has declined so much:

    It’s amazing that ProgMedia’s influence is still so powerful

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  9. The Internet-driven shift away from subscription revenue to mostly advertising revenue increases self-censorship since you don’t want big advertisers worry about you being “controversial.”

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  10. Only somewhat off topic, a sensible Noticing article by Paul Rahe from 2/22/15 at Ricochet.com (I’m unfamiliar with the author and the site). What Do the Ten Most Dangerous Cities in America Have in Common?

    Marketwatch posted a piece today listing the American cities where violent crime is most prevalent… The truth is simple and sad. While violent crime is by no means restricted to inner-city African-American neighborhoods, it is more prevalent there than anywhere else.

    If we were to have an honest national conversation on race or, for that matter, on rape, we would have to attend to the near collapse of the black family, to the fact that only 17% of African-American teenagers aged 15 to 17 live in a family where both parents are present, and to the impact this has on the likelihood that young black men will turn to crime…

    One would think that, with a black President and a black Attorney General, we would be witnessing an attempt to think through this problem and to deal with it. But in the last six years, neither Barack Obama nor Eric Holder has said a word on the subject.

    [continues...]

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  11. Ah, good point.

    That said, I’m amazed how many sites –that the SJWs hate – have prominent advertising.
    I was reading an article at ReturnOfKings.com – a site I assume the Left would love to just ban – and there were ads everywhere.

    My mental model of what gets a site banned from ad networks is probably inaccurate.

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  12. Easy prediction #1: Within a few years, the MSM will hail Ferguson’s first black mayor and/or police chief and/or black majority city council.

    Easy prediction #2: A few years after that, there will be thumbsuckers decrying Ferguson’s high crime and unemployment rates, and blaming them on anything and everything except for the citizens of Ferguson.

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  13. National Real Estate companies that buy up houses (Webuyhouses.whatever-state, etc), and national Real Estate companies that build/buy apartments are going to be able to collude and conspire to drive up prices of middle-class real estate like never before if no legal restraints are put on the percentage of Section 8 units are alowed in a given area. They can literally convert a suburb into a slum within a decade as it stands now, herding full-paying middle class aspiring types into areas left unblighted by the vouchers.

    I imagine white liberals have long strategized that Section 8 would help them retain white representatives in gentrified urban enclaves by tearing nearby projects down and moving the minorities away, while putting some newly-diverse-formerly-conservative-leaning suburbs into real political play, actually even taking a few seats at the state and national level away from the surprised GOP leadership.

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  14. So aging whites and middle class blacks escaping dysfunctional East St Louis got to see their property values plummet because our Supreme Comrades in the government and media decided to make a mountain out of a molehill.

    This whole obsession over Ferguson has been a relentless series of hamfisted attempts to prop up a just-so story that completely implodes when empirical data is considered.

    But you cannot make a revolution with silk gloves, I suppose.

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  15. In the case of Ferguson, though, both Ferguson and the City of St. Louis are in the same Congressional district, represented by William “Lacy” (Lazy) Clay, Jr., black.

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  16. The decline of the black family is a problem, but who can do anything about it? There’s no way contemporary do-gooders would stand by and allow black families to operate as they do naturally. Listen to Eddie Murphy describing his father in his stand up routines, for example. A guy like that would long since be in jail for domestic violence these days.

    This whining about the black family is just another cop-out. Honestly, it would be better in aggregate for everyone except for black women if black men were put in charge of their families again, but like I said that isn’t going to happen.

    The next best thing would be to stop holding black men responsible for illegitimate kids their girlfriends choose to have while offering a voluntary incentive to all women (black or not) to take birth control. Just give them a free smart phone and keep paying the bill if they get a depo shot every three months or an IUD. Even let them trade in for a new model phone every year. The savings would more than justify the minor expense.

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  17. Eye of Soros is a good one. The guy and his brood are evil to the core.

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  18. Yeah, RoK gets plenty of ad revenue I’m sure. But there’s a tiered market. You can support a relatively small enterprise without a very high profile on ads even without toeing the PC line. This is how talk radio works. But if you want to keep a big, national “prestigious” publication running with high-profile company ad revenue it gets a lot harder to manage the pressure.

    Like, who cares if some guy selling supplements sells ads on a right-wing site? But if it’s Shell or Starbucks or Apple – the guys with the big bucks – then its a really big deal.

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  19. Exactly.

    Clay’s manipulation of the redistricting process effectively shut the door on any white Democrats in St. Louis who ever aspired to Congress.

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  20. They don’t need to post a profit for the same reason that corporate marketing departments don’t need to generate revenue.

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  21. Anonymous
    says:
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    It’s really sad that homeowners have literally lost 2/3 of their home value over this nonsense. It has to really sting, but nobody seems to care about that aspect all that much.

    Ferguson is kill…there is certainly no future there for whites, and likely a grim one for blacks.

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  22. The Eye of Sauron versus Ferguson property values | Reaction Times
    says:
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    […] Source: Steve Sailer […]

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  23. Soros is an opportunistic disease, not the real problem. The real problem is the decline of the nation state as trans-national elites have through cheap air travel, international trade, and globalization all inter-married, attended the same few elite schools, and read the same global media. The nation-state being hollowed out by a new aristocracy that denies fervently that it is one, and moreover has no real attachment to any one place or people.

    You can say what you want about the old English Aristocracy, the corrupt Vienna Hapsburgs, the inept Kaiser, or the waffling corrupt people of the Third Republic. At least they had a shared stake in their nation and did not invite half the third world just for cheap labor and to stave off Japan style demographic decline driven deflation. There is something to be said for an aristocracy tied to land rather than transnational mobile assets.

    In a normal functioning country, regions away from the capital are not abused to make internal political points — they have their own Margraves, Dukes, Barons, Senators and Congressmen and Parliamentarians who can make life uncomfortable for a rule who abuses them and their people.

    But the West has ceased to have normal countries for some time. Since the 1990s would be my guess.

    For those interested, Stuff Black People Don’t Like has an exhaustive look at Section 8 vouchers and their usage to change Ferguson from say, 80% White or so around 1970 to around 30% or so today (going from memory, numbers are probably off somewhat).

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  24. What Ferguson needs is more immigrants like the entrepreneur who Michael Brown robbed the blounts from. Now that was a stand up guy all Americans can be proud of. In fact I think with enough immigrant businesses Ferguson could be a regional beer and blounts center.

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  25. Just collateral damage in the War for Social Justice. Or black cops in Ferguson.

    Speaking of black cops, this story didn’t seem to get much national traction/attention:

    NYT — New Orleans Police Routinely Ignored Sex Crimes, Report Finds

    CNN — Inspector: No sign of investigation in 1,111 New Orleans sex crime-related calls

    Both stories have to be read to be believed. Here is one excerpt from the latter:

    In another alleged sex assault cited in the report, a juvenile went to an emergency room and spoke to a specialist who reported that the child gave “specific information” about sexual and physical abuse perpetrated by “a named individual who was living in the same house with the juvenile.” That person was a registered sex offender, according to the report…Detective A wrote that the child disclosed no information about a sexual assault and closed the case “due to a lack of evidence,” the report said.

    Question: What action did the Obama/Holder DOJ take against the NOPD?

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  26. Like, who cares if some guy selling supplements sells ads on a right-wing site? But if it’s Shell or Starbucks or Apple – the guys with the big bucks – then its a really big deal.

    But selling your Fortune 1000 product on CNN or MSNBC is ok, even after their enabling of the Ferguson riots, but not on lets say on Rush Limbaugh who opposed the abuse of Ferguson by racial extremists???

    That already constitutes a form of censorship since it is the very left wing advertising industry and their collusion with leftist activist groups that is driving this decision making of where one should and should not purchase advertising.

    And lets be honest equating the advertising driven political censorship/covert political messaging of broadcast media like tv and radio with the internet in regards to its permissibility and legality is just plain wrong.

    Look I own my own dam eyeballs.

    I shop online. I manage my own web browser cookies. If I visit amazon, ebay, truecar or a dozen other online shopping sites, why can’t the follow up advertising trail me regardless of the political content I decide to read on the internet?

    It does not have a dam thing to do with concerns over “branding”. The sleazy gay hook up sites have access to and earn revenue from online advertising services because gays have high disposable income and are designated a prized victimized group.

    Are you telling me the college educated folks who follow Vdare, Unz, Amren, OccidentalObserver Takimag do not have above average income?

    The fact that alt-right and HBD sites are blocked by online advertising services has a lot more to say about the far left wing orientation of the advertising industry and the power of Soros’ Media Matters for America and the other relatively small number or rabid left wing activists.

    I am sorry this is just censorship that needs to be challenged in the courts.

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  27. Similarly, black homeowners seemed reasonably satisfied with city government, since they kept moving to Ferguson and they weren’t bothering to organize to take over politically.

    As William McGowan noted in Coloring the News, “Supporting Diversity” means that the Cultural Marxist Media will never find a AA who supports his local enforcement in its efforts to prevent his neighborhood form lapsing into ghetto chaos. Nor can the Cultural Marxist Media explain the desire of middle class blacks to live in safe majority white areas.

    Heather MacDonald over at City-Journal routinely finds NAMs who strongly support law enforcement policies like Stop,Question and Frisk, while the NYT claims that opposition to SQF is nearly universal in the black community.

    The fact that over a dozen AA Ferguson residents during the grand jury proceedings bravely came forward to obliterate the false testimony that was concocted if not coerced by the North St. Louis professional race hustlers has not been strongly enough made a national story.

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  28. If Eric Holder didn’t much care for Ferguson’s police department being used as a revenue extraction agency for the municipal government before what does he think is going to replace traffic and court fines now that property tax revenues ( and sales taxes?) will crater?

    You’d think the folks at AFSCME and SEIU would whisper in that mulatto’s ear that there are a lot of fat black women working for municipal governments and school districts that depend on the extra revenue police departments extract from the citizenry.

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  29. One could make the argument that immigration to Ferguson during the 80s and 90s could have altered the demographics enough to have shifted this problem to another suburb. Though, the St. Louis metro area doesn’t have the same lure for immigrants as other, mainly coastal, metro areas do.

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  30. ” The adult children of white homeowners wouldn’t buy into Ferguson because they want whiter schools for their children, but older white homeowners weren’t being driven from their homes by crime. Eventually, they’d get toward retirement and sell out to a black family. ”

    Exactly the process that gave rise to Ferguson-Florrisant in the 1960s. My dad bought a house there after retiring from the military and getting a job at McDonnel aircraft. Our neighbors were all in exodus from areas of St.Louis where their parents were experiencing what you described. They were quite vocal in their disdain for blacks. When we moved in 1969, our Italian neighbors (the kids anyway) said they would burn down our house if we sold it to blacks.

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  31. anonymous
    says:
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    Black run police departments are abysmal. As in Detroit they are unconcerned about sex crimes, have low closure rates for homicides, are more brutal than white cops, etc. The only thing they really care about are the fancy cars their salaries buy for them.

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  32. Not just Clay, the current district map was a joint project between white Republicans and black Democrats in the General Assembly. For reasons we already know why. Nixon vetoed it, of course he’s a white Democrat, but the white Republicans plus black Democrats were enough to override his veto.

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  33. Major Sailerbait: Starbucks baristas are gonna engage customers in a dialog about race:

    http://fortune.com/2015/03/16/starbucks-baristas-race-talk/

    Prediction: this thing is going to crash and burn after resulting in some politically incorrect conversations.

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  34. Soros is an opportunistic disease, not the real problem. The real problem is the decline of the nation state as trans-national elites have through cheap air travel, international trade, and globalization all inter-married, attended the same few elite schools, and read the same global media. The nation-state being hollowed out by a new aristocracy that denies fervently that it is one, and moreover has no real attachment to any one place or people.

    You might even call them rootless and cosmopolitan. To the larger point, your argument that Soros isn’t the problem: the problem is people who sound exactly like Soros, is kind of, I don’t know, unconvincing.

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  35. LOL! +1

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  36. Well, all this recent sexual assault/campus date rape thing is strictly a white obsession. One culture’s date-rape is another’s courtship ritual.

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  37. what does he think is going to replace traffic and court fines now that property tax revenues ( and sales taxes?) will crater?

    Well, they do have an answer to that. They want to disband the many little towns and unify everything in one big county government. I.e., tax the white people, who are, for now, numerous in the county. And I suppose, after they migrate to adjacent counties, there’ll be a new plan…

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  38. The media set the standards for “controversial” and don’t worry much about what the advertisers want. If this is them holding back . . .

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  39. Wake me up when they put in the Tomb of the Unknown QT Clerk.

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  40. anonymous
    says:
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    The next best thing would be to stop holding black men responsible for illegitimate kids their girlfriends choose to hav

    They’re mostly not held responsible now except for the well established types. People who worked in the field told me it’s hard to pin them down. They need identifying information that baby mommas say they don’t know. One supposes that baby mommas can get a paid iPhone from baby daddy without dealing with government red tape simply by telling him that she just happens to know his SS# and that she might pass it on to child support. Is there any welfare woman anywhere that doesn’t already have some sort of cell phone? Their children in grammar school have them.

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  41. Challenged by the courts? Be serious. This is a behavioral issue. Whining works. White gentile males are notably deficient in this skill, so they are easily ignored by marketing departments. Maybe what we really need is more skillful whiners.

    Incidentally, when people talk about “black masculinity” being a threat to whites, I often point out that blacks’ biggest apologists and advocates tend to engage in what normal white males would consider effeminate whining, bitching and self-debasement.

    White males, however, are major suckers for whiners despite being averse to this behavior themselves. It’s probably hardwired so that they are more attuned to the survival needs of the women and children in harsh environments. If you think of it that way, blacks essentially mimic women and children to appeal to the white male sense of duty. This would explain the “black babies’ bodies” meme: whites are probably more sympathetic to unrelated black babies than blacks themselves!

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  42. Hey you jerks, this is the funniest guy on the internet, and worth your time.

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  43. So you need to track whether any home in your neighborhood has become section 8 and if so get out asap.

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  44. We’ll never know what really… is | CIRCUSMAXIMO
    says:
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    […] Since our news business is as unfamiliar with truth as they are unconcerned about destroying small, struggling towns, this will be no problem, at […]

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