During the 1980s, its vivid streetlife became a symbol of the “consumer socialism” that distinguished Hungary from other Eastern Bloc states, but Budapesters today are rather less enamoured of Váci: dressed-to-kill babes and their sugar daddies would rather pose in malls, and teenagers can find McDonald's anywhere, leaving Váci utterly dependent on tourists for its livelihood and bustle.
Source: wiktionary