Bump for later reading.
Creative class...Purchased overpriced urban condos at sub prime, the same condos were given tax abatement packages at the local level, massive subsidies given for the same condos usually through state grants, use of government paid eminant domain to take private property for these condos and lets not forget all the same subsidy sources for the boutiques and latte shops that go with them. The housing bubble bursts and now more subsidies required through tax payer bailout. So much creativity on everyone elses money! I could go on but.....