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Wealthy individuals like Mr. Resnick, well-funded nonprofits and even corporations...have begun buying deserted American main streets, hoping to reinvent them with a fresh aesthetic. The people behind these ventures frequently install their friends and acquaintances in storefronts, while attempting to preserve (or exploit, depending whom you ask) local history. The practice is rarely free of conflict, even when developers have the best intentions. — NYT
In Mountain Dale NY, Butch Resnick now owns most of the previously vacant buildings and has hired a "town curator". Jennifer Miller digs into this and other recent examples, including in Monson Maine, Wardensville, W.Va, Cerro Gordo CA, of combining artists, rural-small-town nostalgia and... View full entry
The low hipster homeownership rate of the past five years translates into a market of potentially millions of first-time homebuyers looking to find a home that matches their budget and fits into their hipster lifestyle. Real estate investors who want to tap into that trend should start with location: finding homes in communities with a heavy hipster demographic, and that are affordable for that demographic. — RealtyTrac
Daren Blomquist, RealtyTrac Vice President examines the top 20 zipcodes for flipping homes to hipsters.h/t AlJavieera Sueños View full entry
As formerly boho environs of Brooklyn become unattainable due to creeping Manhattanization and seven-figure real estate prices, creative professionals of child-rearing age — the type of alt-culture-allegiant urbanites who once considered themselves too cool to ever leave the city — are starting to ponder the unthinkable: a move to the suburbs. — New York Times
