April 3, 2008
Report: Nations Gentrified Neighborhoods Threatened By Aristocratization | The Onion
Report: Nations Gentrified Neighborhoods Threatened By Aristocratization | The Onion – Americas Finest News Source
WASHINGTON According to a report released Tuesday by the Brookings Institution, a Washington-based think tank, the recent influx of exceedingly affluent powder-wigged aristocrats into the nation’s gentrified urban areas is pushing out young white professionals, some of whom have lived in these neighborhoods for as many as seven years.
Enlarge Image CastleMultibillion-dollar castles like this one have been popping up all over Brooklyn.
Maureen Kennedy, a housing policy expert and lead author of the report, said that the enormous treasure-based wealth of the aristocracy makes it impossible for those living on modest trust funds to hold onto their co-ops and converted factory loft spaces.
Gosh. The Onion never fails to crack me up. Another classic gem.
