It used to be, in New York, that young people lived in the Village, and old people lived in Queens. Young people lived on the Upper West Side, and old people lived on the Lower East Side.
All that’s changed around now. Why? Money, honey. Young people want to live where it’s cool, but they have to live where it’s cheap, which forces them to move to places that are less cool, which makes them more cool, which makes them more expensive, whereupon all the young, cool, poor people are forced to move even further out to the frontiers of Brooklyn.
Following this reasoning, Greenwich Village was last marginally affordable in the beatnik era, and now you need to be Graydon Carter to live there. Cool, maybe, but still old.