Monday, June 16th, 2014

Welcome to San Williamsisco

3442634335_810385a823_mWe could quibble, if you wanted, about when the sociocultural phenomenon known as "Williamsburg" "began" and when it "ended"; neighborhoods do have a tendency to "end" right around the time you can longer afford to live there, or perhaps a touch before then. (The average rent for a studio in Crown Heights today, by the way, is $1760, up from under $1500 a month ago, according to one firm. We still have Quooklyn, right?)

Let's focus, instead, on this:

He noted a firm analysis finding that Williamsburg residents are now on average 25 to 35 years old with per capita income of $108,000 a year.

Whether the Williamsburg you know ended with Diner in 1998-1999 or Marlow & Sons in 2004 or the Wythe Hotel in 2012 (or whichever milestone you prefer!), the average human living in Williamsburg is now, officially, a rich person—and a young one, at that.

Photo by several seconds

9 Comments / Post A Comment

abd5a171a8000000 (#250,668)

$1760 for a studio in Crown Heights? There are studios in the West Village for less than that.

hershmire (#233,671)

@abd5a171a8000000 The corner where you could by crack 4 years ago is getting a Starbucks. In a new building where a studio is going for an affordable $2,200. One bedrooms at just $2,700! Just minutes from Manhattan!

I'm about to pull my ripcord plan and open a bar on a beach in Vietnam.

Pulp (#1,885)

I can't believe we're gonna be reading the same article about Bushwick in five years. Well, I guess I can, I'd just rather not.

holdup!holdmyphone! (#274,038)

hahaha new york sounds awful

davidwatts (#72)

@holdup!holdmyphone! i know, it's almost like, it's so great to be here that people will pay huge amounts of money for it! suckers!

holdup!holdmyphone! (#274,038)

@davidwatts or they lack the imagination to find a better way of life

Ralph Haygood (#13,154)

@davidwatts: People pay huge amounts of money to live in Atherton, CA too (e.g, Sheryl Sandberg, Eric Schmidt, and Meg Whitman, to name three off the top of my head). I lived there for six months myself. It's dull as ditchwater, possibly the most blandly affluent place in the world. (If I ever had to live in Silicon Valley again – perish the thought – I'd choose Palo Alto or Mountain View, which are slightly less stultifying than Atherton.) So yes, some people will pay hugely to live in places that are fashionable but not actually great places to live.

How are they defining "Williamsburg" though? There are still a lot of low- and middle-income families in the eastern and southern sectors of the neighborhood.

whizz_dumb (#10,650)

According to my observations, rent has doubled in Oakland over the last year and a half. A lot of people are getting pissed and these young rich google employees are going to get messed with.

Post a Comment