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Source link: http://blog.mises.org/7972/nations-gentrified-neighborhoods-threatened-by-aristocratization/

Nation’s Gentrified Neighborhoods Threatened By Aristocratization

March 31, 2008 by

The Onion is overlinked, but this is too funny not to post:

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.

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. FULL ARTICLE

{ 2 comments }

Yancey Ward March 31, 2008 at 1:17 pm

Jeffrey,

That was hilarious! The Onion will be “overlinked” when morons are no longer a majority.

David March 31, 2008 at 4:07 pm

“…pushing out young white professionals, some of whom have lived in these neighborhoods for as many as seven years.”

That’s classic.

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