I thought most hipsters in gentrified sections of NYC were rich as balls, living off their trust funds and such.
They buy the rusty shit bike because it's soooooo hip. Even though they could drop 12,000 on a top shelf road bike if they wanted. Wankers.
There's those kind of hipsters too, but there's plenty of the breed that packs 6+ people into a 2 bedroom 800sf apartment. The trust fund hipsters aren't riding around on rusty pieces of shit, they have legit vintage bikes that cost hundreds. I used to live in Williamsburg, that shit is hipster ground zero.