It can be hard to see the signs of financial troubles in Williamsburg because residents are so loath to show that they had money in the first place. Robert Lanham, author of “The Hipster Handbook,” said in an interview that many newer residents tried to blend in with the area’s gritty history and dressed “half the time like they’re homeless people.”
– The New York Times looks at the recession’s impact on trustafarian society in the ‘burg. (The short version: Now that people’s parents are poorer, they are forced to buy apartments that cost $300K instead of $700K.) Our second most favorite part of the article is when they quote the starving artist who feels better about her economic woes because the rich kids are getting slammed now too.