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Gentrification in Latin America: Overview and Critical Analysis. - Coggle…
Gentrification in Latin America: Overview and Critical Analysis.
Causes
State policies.
Governments support big urban projects to modernize cities.
These projects improve the image of the city, but they can push people away.
There is little control rentals over how much landlords can charge.
Public policies often help investors more than local families.
Sometimes public land is sold to private companies, making housing less affordable.
Globalization.
Cities want to compete globally and attract foreign capital.
This means building luxury apartments, hotels, and business centers.
Local culture and low-income communities are not always protected.
Global trends affect the cost of living even in small or poor neighborhoods.
Housing becomes part of the international market, not only a local need.
Foreign arrivals with higher incomes.
Many digital nomads and tourists come to live in cities in latin america.
These people usually have more money than local families.
They can pay more for rent, which makes prices go higher.
Landlords prefer to rent to foreigners because they earn more money.
This creates pressure on the housing market for local people.
The real estate market.
Real estate becomes a business, not a way to live.
This increases the value of land and housing, making rent more expensive.
Short-term rentals are more expensive and reduce the homes available for locals.
They rent these properties through platforms like Airbnb.
Investors buy houses or apartments not to live in them, but to make profit.
CONSEQUENCES .
Economic consequences.
Rent prices go up, and many families can't afford them anymore.
Small local shops close because they can't pay higher rent or taxes.
Foreign businesses replace traditional markets.
Local workers may lose jobs in neighborhoods where they used to live.
Income inequality increases between locals and foreigners or rich investors.
Social consequences.
Families must move far away from the city center.
People lose their neighbors, friends, and support networks.
There is less diversity in the community: only people with money can stay.
Social tension grows between locals and newcomers.
Community identity and traditions are lost or changed.
Urban consequences.
Old neighborhoods are changed to look modern or touristic.
New buildings replace homes and local businesses.
There are fewer places for social housing or public services.
The city becomes more expensive and exclusive.
Low-income people are pushed to the periphery or informal zones.