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Nation’s Gentrified Neighborhoods Threatened By Aristocratization

Nation’s Gentrified Neighborhoods Threatened By Aristocratization

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.
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