Mexico City Gentrification

Mexico City is considered one of the top five cities in the world for remote workers.

Rent prices in Mexico City are comparable to Seattle prices.

Average rent in Seattle is more than $2,100 a month for a 700 sq ft apartment.

Many Americans have complained that the mass influx of migrants is leading to a canine genocide of epic proportions, with migrants eating pets.

Rent and cost of living in Mexico City has doubled and tripled as a result of Americans moving there.

The gentrification in Mexico City began after the COVID-19 pandemic in 2020.

Tens of millions of Americans working in the tech sector switched to a work-from-home model during the COVID-19 pandemic.

Tourism accounts for 17% of Mexico's GDP.

The rapid mass influx of digital nomads to Mexico City has overwhelmed the housing market to such a degree that native-born Mexicans cannot feasibly live there on a standard salary.

The first hipsters were suburban-raised Millennials who adapted grunge and Lumberjack fashion popular in Minneapolis and the Pacific Northwest in the late 1990s.

Most of the original hipsters were the grandchildren of white Americans who fled inner cities in the mid-1960s during desegregation, in a mass exodus known as white flight.

Phase one of gentrification involves the arrival of 'starving artist types' looking for cheap housing that is a reasonable commuting distance from upscale cultural centers.

Phase two of gentrification involves the arrival of the 'creative class' (hipsters) who are typically college-educated, hyper-liberal, and open businesses like coffee shops and organic food stores.

A long-term resident of Mexico City believes there is exploitation of the market by local Mexican apartment owners and a lack of government regulations.

Andrew Callaghan concludes that landlords, developers, real estate tycoons, and the city government are the ones making calls that change Mexico City, not the locals or digital nomads.

Andrew Callaghan predicts Mexico City will likely continue to grow at an exponential rate in the coming years as inflation in the US and rising cost of living make home ownership nearly unattainable for young professionals.

The rent freeze prohibits Airbnb landlords in Roma Norte from raising prices and ensures Mexican tenants who make less than digital nomads receive a reduced rate rent and government housing loans.

Tijuana has the highest number of homicides in Mexico.