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While the mainstream media publishes style pieces about mustached hipsters brewing craft beers in warehouses in Brooklyn, global businessmen are remaking entire cities. While new coffee shops open for business in previously affordable neighborhoods, residents ignore the multi-million-dollar tax giveaways that have enabled real estate developers to build skyscrapers on top of brownstones.As journalist Peter Moskowitz shows in How to Kill a City, gentrification is not a fad or a trend. Hipsters and yuppies have more buying power than the neighbors they often displace, but individual actors cannot control housing markets and remake cities on their own. Nor can gentrification be fully explained by developers either: while they might have similar interests, the part-time house flipper who owns five houses in New Orleans and the condo owner in Detroit do not coordinate policy with each other. There?s a losing side and a winning side in gentrification, but both sides are playing the same
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