This is what I Loved New York has been talking about for years, out with the old and in with the new and so forth….although this piece is excerpted from the perspective of an economics side.

The impact is felt everywhere in the United States, but it may be most evident in the Village. The artists, weirdos and blue-collar families that I grew up with (save the lucky rent controllers) are long gone. They’ve been replaced, in large part, by guys in suits.

During the ’70s and ’80s, the Village was the Jane Jacobs ideal, a neighborhood crammed with small mom-and-pop stores. That’s changed too. That old house-plant store is now a Marc Jacobs boutique. The dowdy bird store with the parrots in the window became Magnolia Bakery. The onslaught of luxury brands — Ralph Lauren, Jimmy Choo, Burberry, among them — has been so relentless that I’m happy when I see one of the old shops still in business.

(Continue reading Can Mom and Pop Shops Survive Extreme Gentrification)