
Originally Posted by
hatidua
It's a very common theme though. SoHo, NYC in 1980 had bums & addicts sleeping in doorways....but these were often the only places the artists could afford studios. SoHo, NYC in 1990, just ten years later was the hip part of town with all manner of galleries and designer boutiques, especially down on West Broadway. This phenomena exists in just about every major city: find a section of town with large industrial lofts, get a bunch of illustrators/painters/Etc. to rent those lofts....move ahead ten years and it's thrice the price having now been 'gentrified'.