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Funny, we saw this exact same article come through a few months back about Paris. It's the same story: All the trendy rich people that displaced the poor bohe
by jasonkester 13y ago
Funny, we saw this exact same article come through a few months back about Paris.
It's the same story: All the trendy rich people that displaced the poor bohemians and gentrified the neighborhoods are now being displaced by even richer people.
It makes for good ironic commentary, so it plays well here. I suspect we'll see the third part of the trilogy about New York come through by the end of the year.
- epsylon 13y agoI currently live in Paris and that's exactly what I was thinking while reading the article. Except maybe for the taxes which may be a little higher in France, the situation seems nearly identical. In the last decade, prices in the whole capital have doubled.
- barrkel 13y agoThe article risks conflating two separate trends. People with children don't really want their children to grow up on the streets of London. As the article writer gets older, he'll know more and more people with children moving out, independent of house prices. The other bit, the silly prices paid for unoccupied houses, is mostly concentrated in central London, and a few bits in close proximity to the west, north and south. There are still plenty of less desirable neighbourhoods.
- mathattack 13y agoOne could substitute Manhattan too. This seems to be true of many high culture cities, perhaps as a result of the global investment environment.
- pantalaimon 13y agoThe same is happening in Berlin, still at an early stage compared to Paris or London, but the trend is clear.