Anybody that has been to a major city has noticed the significant number of art galleries, live theaters and live music venues that exist in these cities’ urban cores. These creative types typically live in areas where their surroundings are condusive to their creativity. Edgy urban neighborhoods filled with eclectic people, historic or funky architecture, and other things that are not bland attract artists, who in turn make these neighborhoods even more diverse and eclectic. Eventually, hip professionals both young and old start to move in as they are attracted by the same things that the artists are. But when they start to move in, something happens – demand (and thus prices) begin to go up.
