Olicarchification, the new gentrification, is a bitch. What do all of these "successful 'creatives' (architects, cinematographers, commercial and television directors, etc.)" think happened to the people that were living there before them?
"When you have a bejeweled, buckle-shoed duke willing to pay 11 or 12 times the asking price for a block of renovated brownstones—and usually up front with satchels of solid gold guineas..."
What do you mean the new gentrification? Creatives have always been a step in the march of gentrification, roughly approximated as "poor => creatives => wealthy"
I think most people would be able to deduce that those people who were living there before moved somewhere else. If you can't use money to buy things that lots of people all want, why bother to earn the money in the first place?