Gentrification in a nutshell

From the Times today, in reference to the Redhook neighborhood in Brooklyn. But it applies just as well to your city and maybe even your neighborhood:

So goes a classic New York real estate story: artists move into a low-income neighborhood to live, coincidentally lending it a little cachet by their presence. Developers cash in, bringing in the kind of young professionals with twins in pricey perambulators so present on the streets of Williamsburg and Dumbo on weekends. The next chapter starts when the working-class residents are forced out, followed by the artists.

Funny how that works.