In 2005, Bloomberg pushed through his rezoning proposal for the Williamsburg and Greenpoint waterfronts, which is how we got the high-rise apartment towers along Kent Avenue: Northside Piers, The Edge, the upcoming Domino redevelopment. And though they came with token affordable-housing requirements, they also brought thousands of new, well-off residents with them—those who can afford to pay hundreds of thousands of dollars for a one-bedroom—transforming the neighborhood in a way an influx of artsy college types never could have. The reason the neighborhood feels like Manhattan now is because it was deliberately re-created to attract the same sorts of people attracted to Manhattan.
According to the census, in 1980, the median household income was $21,195. (All numbers have been adjusted for inflation to 2009 dollars.) In 1990, it had risen 28 percent to $27,292. In 2000, it had risen another 7.5 percent to $29,361. Between 2005 and 2009, the average median household income was $51,736, a jump of 76 percent! This wasn't the story in the city as a whole: the median income in 2000 was $47,707; from 2005-2009, the median averaged $50,173, an increase of 5.1 percent. In less than a decade, a single zip code went from far below the city's median income level to above it.
That this time span overlaps the rezoning isn't coincidental. The change results from 12 years of Bloomberg conspiring with real estate developers to push the poor out of the city or at least to its margins while welcoming in every billionaire in the world. I'm a native Brooklynite frustrated by the increasing unaffordability of my hometown. But I don't turn to the nearest person walking down the street and hate them for living here, just like you don't blame terrorism on the nearest Muslim or unemployment on the nearest Latino. If you want to be angry at someone for making it a struggle to live here, hate the landlords, the developers, and the rest of the money people on their way to the bank with your cash. As Michel de Montaigne put it: "one man's profit is another's loss."
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