Hipstafrication 

1. The buying and renovation of lofts and stores in deteriorated urban neighborhoods by young hipsters. Despite their flamboyant presentations of independence and hipsterness, their rents are paid by their rich parents.

2. An instance of hipstafrying; the condition of being hipstafried.

3. See: Williamsburg, Bushwick, etc.

"Gentrification has very little to do with white hipsters moving into the ‘hood'" - Carmen Van Kerckhove

...Hipstafrication however, has everything to do with it.

Hipstafrication by skybloom May 2, 2009

Hipsterfication 

Hipsterfication; a process whereby a bunch of tools, posing as cools, invade an area and turn it into stupidville.

The Hipsterfication Echo Park, while disgusting, has add the benefit of reducing crime, and bring more police attention to gangs in that area. While overall this is a good thing, I believe that over time the hipsters will prove to be much harder to endure than any street gang

Hipsterfication by cliffj August 30, 2013