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Mises Economics Blog

Nation's Gentrified Neighborhoods Threatened By Aristocratization

March 31, 2008 12:12 PM by Jeffrey Tucker | Other posts by Jeffrey Tucker | Comments (2)

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

Comments (2)

  • Yancey Ward

  • Jeffrey,

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

  • Published: March 31, 2008 1:17 PM

  • David

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

    That's classic.

  • Published: March 31, 2008 4:07 PM

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