The American Migration: Seeking a Better Life in Mexico City

1 min read
Source: CNBC
The American Migration: Seeking a Better Life in Mexico City
Photo: CNBC
TL;DR Summary

The Covid-19 pandemic and the rise of digital nomads have led to a surge in Americans moving to Mexico City for a more affordable and laid-back lifestyle. While many Americans enjoy the communal atmosphere and cultural richness of the city, locals express concerns about rising rent prices, displacement, and the changing fabric of their neighborhoods. Some Black Americans feel safer and more included in Mexico City, but the region still faces high crime rates. The influx of foreigners has sparked gentrification, with rent prices increasing and short-term rentals proliferating. The housing crisis in Mexico City is exacerbated by the need for over 800,000 new housing units annually. The Mexican government is urged to find a way for newcomers and locals to coexist peacefully and responsibly.

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