They're driving the property values up and pushing the blue collar people (who've been here for GENERATIONS) out at a much faster rate than a bunch of newly arrived immigrants making minimum wage in a restaurant kitchen.
Wait 5 years from now and see how many more chinese immigrents come to NEw york and start buying up property.The same thing is going to happen here like it has in Europe canada and australia. They over populate a city and start buying up in one area then they just spread.Hipsers for the most part grow out of this Phase.But chinese people who are extremly racist and cheap ( they love buying property but forgo daily nessiteis that other people cant go without)never grow out this phase.
