clock menu more-arrow no yes

Filed under:

Trust Fund Kids Suffering

New, 25 comments

"Famed for its concentration of heavily subsidized 20-something residents — also nicknamed trust-funders or trustafarians — Williamsburg [Brooklyn] is showing signs of trouble. Parents whose money helped fuel one of the city’s most radical gentrifications in recent years have stopped buying their children new luxury condos, subsidizing rents and providing cash to spend at Bedford Avenue’s boutiques and coffee houses." And the West Coast equivalent would be? USC students doing without those new condos their parents used to buy them? [NY Times]