Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The issue with the hipsters is that people try to lump them in as another immigrant group to the city. People will say the Irish came and uprooted someone to have their own community, the Puerto Ricans came and did the same to an incumbent group, and the hipsters did the same more recently.
However you cannot draw this parallel. Unlike other immigration waves, the hipsters do not come to establish families, plant roots, and work jobs in the community. The hipsters are just on a long term vacation. Although there are some outlier hipsters with good jobs, the average hipster contributes much less to the local/national economy than the average NY native or yuppy with Manhattan job.
Oddly enough ...that is usually the crescendo of the cycle that I spoke of earlier.I have actually heard that most of the very high priced condos in Williamsburg(there really is a huge glut)are now being bought by French an Germans! The hipsters would be incapable of affording them and a lot of the wall street and trust fund yuppies are losing their jobs.
This is true across the city. Part of the reason Manhattan real estate was/is so highly priced is foreigners buying pied a terres in the city, particularly when the euro and pound were fairly strong. Foreigners would come here and think everything was cheap!
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
