Originally Posted by 160jordansdeep
dude the hipsters are the yuppies who rent/buy the high rise condo apts or buy the $500.000 to $750.000 co-op in manhattan
drink at bars all night
i know what im talking about i live in the lower east side this all this gentrification crap started in 1997 in manhattan
First off, Hipsters are not yuppies. Both are largely cultural abstractions owning their origins to different points in time. Yuppies became all the rage in the 1980s. Yuppies reflected a demographic transformation (young, childless, professionals working in the services). They were celebrated and detested because of their role in pushing real estate values through the roof. As a cultural object, Hipsters, by contrast, were imagined, described, and seemingly seen everywhere beginning in the late 1990s. Hipsters are an amalgamation of artists, chefs, bar owners, liberals, and you name it. They "shop" at thrift stores and American Apparel. In short, Hipsters are defined by what people hate.
So when you conflate hipsters and yuppies as those renting and buying high rise condo's you miss critical differences in how each subgroup earns their income and ignore the precariousness position of hipsters who may soon be priced out after displacing previous residents.
But lets work on your terms. The Hipster-Yuppie combination (your own doing, not mine) "drink at bars all night." So their alcohol consumption is what defines this subgroup and the process of gentrification in the LES? If so how come displacement does not occur when other demographics drink at bars all night? Again, you're missing the point by focusing in on the most conspicuous signs of a process.
And no, gentrification did not start in 1997. Read Neil Smith's the Revanchist City and you'll find that Tompkins Square became the hotbed of class conflict in the 1980s as police sought to eliminate the homeless who "deterred" the investment of capital in the area.