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This feels like a swing and a miss. Sure, expensive rent pushed artists and musicians out of those neighborhoods, but they just moved elsewhere within NYC. The genres outlined in this article were fully mainstreamed in the 90s. The concept of "Selling out" and thus becoming uncool had way more to do with killing underground music scenes that real estate cycles.

Also, the Hip Hop scene is alive and well in NYC, maybe just not so much in Manhattan anymore.

EDM, DJs etc are doing just fine despite these factors as well




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