It sounds to me like the people who gentrified the area are now complaining about getting priced out of "their" neighborhood. I expect the same to start happening in Williamsburg once the yuppies start moving into all of the new condos.
the gentrifiers got gentrified out of williamsburg, and most of BKs western neighborhoods, years ago. average 1 bedroom prices are already at about $3400/month in williamsburg[1].
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It sounds to me like the people who gentrified the area are now complaining about getting priced out of "their" neighborhood. I expect the same to start happening in Williamsburg once the yuppies start moving into all of the new condos.
Williamsburg is already pretty expensive, even for the tech elite. (Well, I couldn't afford it when I looked a couple years ago, anyway :)
the gentrifiers got gentrified out of williamsburg, and most of BKs western neighborhoods, years ago. average 1 bedroom prices are already at about $3400/month in williamsburg[1].
[1]http://www.mns.com/brooklyn_rental_market_report