Home where Black Panther Party founded flipped

Mar 23, 2012, 9:13 PM

OAKLAND, Calif. (AP) – The Black Panther party preached “power to the people,” but in the San Francisco Bay area’s thriving real estate market, the power is in the property.

Realtors expected to close a deal Friday on the Oakland home where the militant black power group was founded in 1966.

Panther co-founder Bobby Seale’s family sold the house in October for $200,000 to real estate investors who renovated the home with chic maple and quartz upgrades, The Oakland Tribune reported (
http://bit.ly/GSQhOX).

After the improvements, the home was put on the market for $400,000 _ almost 40 times what Seale’s parents paid for it in 1960.

Seale said he and Huey Newton drafted the party’s manifesto in the dining room.

“We would come in from patrol at night, unload our weapons at my house, and lay them all out across the long dining room table,” Seale wrote in his 1978 autobiography.

The surrounding streets that armed party members once patrolled in the name of black empowerment are quickly gentrifying, with longtime residents like Seale departing for less expensive suburbs.

Seale, now 75, has worked as a draftsman and a carpenter. He made improvements on the house and wanted to do more, but his sister persuaded him to sell.

The house’s dramatically increased selling price was part of “the same crap that got this financial debacle started in the first place,” he said.

But Seale didn’t hold the cutthroat realities of buying and selling homes in the Bay Area against the new residents.

“People move. Humans move. Power to the people, whether they’re black, white, blue, whatever,” he said.

___

Information from: The Oakland Tribune,
http://www.oaklandtribune.com

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

United States News

FILE - Mega Millions lottery tickets and a wager slip are displayed, Friday, Jan. 6, 2023, in Derry...
Arizona Sports

Drawing nears for $700M Powerball prize, 10th biggest in US

Another huge lottery jackpot will be on the line Saturday for players willing to put up $2 vs. daunting odds of actually winning the prize.
1 day ago
Chinese spy balloon flies above in Charlotte NC, United States on February 04, 2023. The Pentagon a...
Associated Press

US downs suspected Chinese spy balloon off the Carolina coast

The United States on Saturday downed a suspected Chinese spy balloon off the Carolina coast after it traversed sensitive military sites.
1 day ago
A high altitude balloon floats over Billings, Mont., on Wednesday, Feb. 1, 2023. The huge, high-alt...
Associated Press

Chinese balloon soars across US; Blinken scraps Beijing trip

A Chinese balloon sailing across the U.S. drew severe Pentagon accusations and sent excited or alarmed Americans outside with binoculars.
2 days ago
Protesters march Saturday, Jan. 28, 2023, in Memphis, Tenn., over the death of Tyre Nichols, who di...
Associated Press

6th officer fired after beating death of Tyre Nichols

A sixth Memphis officer was fired Friday after an internal police investigation showed he violated multiple department policies in the violent arrest of Tyre Nichols.
2 days ago
(Photo by John Moore/Getty Images)...
Associated Press

Denver Court throws out Wyoming doctor’s pill convictions

A federal appeals court on Friday threw out the convictions of a doctor accused of overprescribing powerful pain medication and ordered a new trial for him.
2 days ago
A hiring sign is displayed at a restaurant in Rolling Meadows, Ill., Monday, Jan. 30, 2023. America...
Associated Press

A surprising burst of US hiring in January: 517,000 jobs

WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The job market hasn’t been cooperating. Consider what happened in January: The government said Friday that employers added a sizzling 517,000 jobs last […]
2 days ago

Sponsored Articles

(Pexels Photo)...

Sports gambling can be fun for adults, but it’s a dangerous game for children

While adults may find that sports gambling is a way to enhance the experience with more than just fandom on the line, it can be a dangerous proposition if children get involved in the activity.
...
Quantum Fiber

How high-speed fiber internet edges out cable for everyday use

In a world where technology drives so much of our daily lives, a lack of high-speed internet can be a major issue.
...
Quantum Fiber

How high-speed fiber internet can improve everyday life

Quantum Fiber supplies unlimited data with speeds up to 940 mbps, enough to share 4K videos with coworkers 20 times faster than a cable.
Home where Black Panther Party founded flipped