Part 4/10:
Economic data highlight that the influx of wealthier foreigners has caused rents to soar in neighborhoods like Roma and Condesa, transforming once affordable areas into swanky enclaves. The standard monthly salary in Mexico City remains around $370 USD, yet the availability of cheaper, stylish neighborhoods has lured many outsiders, triggering displacement among local residents who can no longer afford to stay.
This phenomenon mirrors what has happened in many Western cities—think San Francisco, New York, or Berlin—where gentrification displaces long-time residents, and local culture gets swept aside in favor of high-end development aimed at outsiders with deep pockets.