Originally Posted by ballmouse http://www.nytimes.com/2014/08/24/realestate/moving-out-of-brooklyn-because-of-high-prices.html
The comments are worth reading as they're mostly from an older generation of Brooklynites (as opposed to the content of the article which is on the current generation) - although I'm not sure if their views are due to age (e.g. when current Brooklynites are their age they'll feel the same way) or due to the generation they grew up in.
But it seems to me you have a city of yuppies and trust fund hipsters that are in NY for the money/status and want to find 'people like them', effectively killing off the older generation of Brooklynites that can't compete financially and who are completely different than the current generation of Brooklyn's inhabitants (enjoyed the hardships of old NY, the diversity of the people, the working class/blue collar makeup of the population).
And I agree, but then again I think this is what always happens when individuals get priced out.
So now I'm left wondering do I want to live in a city with a growing population of yuppie consultants, bankers, etc? What's the future upside?
Based on your tone, I surmise you think this older generation that, as you put, "enjoyed the hardships of old NY, the diversity of the people, the working class/blue collar makeup of the population" has been put in a tough place. Well, yes and no. I live in a place where this is happening and there are the natives who hate us newcomers, but there is an equal amount of old timers who love us, because well they don't have to fear for their lives walking down the street and their grandchildren are safer in these neighborhoods. They are also cleaner, and the big one, their property values have skyrocketed. People who hate the newcomers are generally the ones who have rented in that area for their whole lives. Maybe this sounds overly capitalistic, but I live in Williamsburg, and in my opinion it should
be expensive to live here. It is a 10-20 minute commute to downtown Manhattan. If you don't have the foresight to see that it is a matter of time before you're priced out and buy something then so be it, but that is the way it has always been in New York. Also, I would say that the shift in the newer populous vs. the old-timers doesn't so much have to do with rich people moving in, but rather education becoming more prevalent among people in general. These more educated people have different tastes/preferences and have more money to spend. I just think it's kind of bullshit for people to think just because they have lived in a spot forever that they are intitled to stay there despite what the market is doing. It is also bullshit for incriminating these people moving into these neighborhoods. It's not like it is their intention to be cruel and mean, but rather they
can't afford to live somewhere more centrally located either. Take me for example, I'd love to live in the West Village, but alas I don't have $10 million for a condo there. Fuck, if I was a rich asshole, I would by all means get out of your precious neighborhood.
All that said, I do think a certain % of affordable housing is a good thing.