A common critique of the hipsters — indeed a confusion of the hipster and douchebag — is that they, the hipsters, serve as the thin edge of the wedge of gentrification. But this is, to my mind, unfair. Broke-ass twenty-somethings crushed under the weight of student loan payments and low earning potential in a crap economy have to live somewhere cheap. And given that the hipster is totally ok with living in racially diverse neighborhoods, they often find themselves cast into the role of pioneers of whiteness in Washington Heights or West Oakland. However, it takes a douchebag to see the financial profit to be gained in pushing poor people of color out of their homes. The hipster brings art, coffee and cocktails to a neighborhood, the douchebag brings reconstruction contractors, private security and real estate agents. The hipster seeks community, the douchebag seeks urban rental profits. The hipster might start a coffee shop in a poor, black neighborhood, but the douchebag wants to call the cops on the black men on the corner right after he turns your indy coffee shop into a Starbucks.
This whole essay is pretty solid.