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History Lessons

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EV Grieve recycles a 1984 New York cover story titled "The Lower East Side: There Goes the Neighborhood," which focuses on gentrification and rising real estate prices in the 'hood: "Said one longtime resident on the changes: 'I've lived in my rent-controlled apartment for years and pay $115 a month. I live on the Lower East Side. The young kids who just moved in upstairs and pay $700 a month for the same space -- they live in the East Village.'" Does that mean in 20 years we'll look back and think it's crazy that at one time you could get a walk-up studio on Avenue C for only $1,700? [EV Grieve]