The Damage in Harlem, NY due to the Real Estate Bubble

The real estate bubble and the ensuing collapse of the bubble have made havoc with our communities. Take a look at Harlem NY around 125th St. On the one hand, large office towers are contemplated for 125th St. Yet the rising rental prices are also kicking out stores that have been in the community for a generation. One of these is the Record Shack on West 125th st. The Record Shack was threatened with eviction in a nasty battle in 1995, but this time there may be no way out, with a possible eviction date of March 1st. Now, wouldn't it be ironic if the same construction projects and high rents collapse after the bubble in New York finally collapses?