Part 5/9:
Despite the growing resentment, some residents appreciate the economic benefits that come with an influx of foreign money. The local economy sees increased spending as foreign workers contribute to the hospitality sector and support local businesses. For context, data shows that about 1.6 million Americans currently live in Mexico, a number that excludes those only spending a few months there.
However, the broader implications on housing are difficult to overlook. The availability of affordable homes has diminished, pushing many locals into informal settlements. As remote work policies have changed, we see that what was once a brief vacation now translates into extended living arrangements, challenging traditional tourism’s role in local economies.