Yes it has. That's why it's being made illegal and laws are coming into effect to regulate it in several places in the world. Airbnb is currently destroying the once thriving regular BnB business in the town where I live.
It happens everywhere, The mission district in San Francisco...Brooklyn in New York...Puerto Vallarta in Mexico..Denver Colorodo..the 18th, 19th, and 20th arrondissements in Paris...and the list goes on. Make the best of it and be respectful!
You're comparison is flawed. You're comparing places and trying to excuse for areas and people who are from those areas and accustomed to the economics and make dollars. Comparing to another country in South America with people who use dollars in a country that uses a far less viable currency. Pesos, which the majority live on daily. You are coming from a retired and totally different mindset and economics.
Make the best of it and be respectful...LOL...middle of the road, "Oh well" mindset...and there's part of the problem right there. Sorry it good for us and bad for you mentality. Reservations for two please.....
Gentrification is created by locals wanting to make more money. Foreigners would be happy to pay less. Telling gringos to go home is not the answer. Great video. Thank you.
Absolutely - as Mateo says it's just a phenomenon that happens in real estate. To be honest it's good business. If idiots are prepared to pay 4 X the price why not raise it??
Omg, foreigners justifying capitalist greed 😂 Of course Sam would say that 😂😂 Nuthin more than an extension of colonialism. Ya of course the locals are going to raise prices. But they do it BECAUSE OF FOREIGNERS. And it's not like there aren't foreigners that are involved in the greed, SAM!
Personally this is the same thing that has happened in Florida especially in Miami with all the Venezuelans and welthly south americans that have come into miami and raised home prices by 30% since covid. Its just part of the transition the work is going thru.
@@AKJoel what are you talking about being a woke trend? You as a foreigner, coming in to a country with money will never know the struggles of seeing everything around you change. There's no way local currency can compete with foreigners.
You said the same thing I said. It all comes down to the greedy people who own the homes, they are the ones who set the prices, they are the ones who should be feeling the most heat. Some foreigners might not even know what a good price is or not so they just pay the asking price.
Been living in Colombia 14+years , the tourists and gringos that live in Medellin and around Colombia are not to blame for increased prices of rent and other things. Its local Colombian greed tries to take advantage by gringo pricing everyone and inflation is the result of increased costs.
That's the correct answer. But Colombians aren't good at looking at their own faults. Been here 6 years now and love it but the lack of personal accountability from the locals can be annoying.
The problem is mostly in two areas of Medellin. Poblado and Laureles and very little change outside of these two areas to be concerned about. I’ve seen a grand total of less then 10 extranjeros in my Pueblo neighborhood in 10 years . If your thinking of coming here don’t be alarmed and let the video phase you. Take some time and learn about the other areas of the city or surrounding Pueblos and you’ll find low prices. These prices are more realistic and will save you plenty of money .
You are exactly correct - for the traveler who learns Spanish and is happy to socialise with Colombians (as opposed to those who just stick to the expat crowd) - we are unaffected by these rising prices.
Cheers, this makes me feel better about my 87 night trip to Medellin/Manizales - I am enrolled in spanish school, dance school, muay thai etc and plan to immerse myself in the culture. Not interested in cheap sex workers like many foreigners.
As someone who has spent a lot of time in Medellin I can assure you this is Colombians greed coming back to bite them. The issue is that when they see a gringo the price gets doubled or tripled. And when they get a gringo to scam into their high prices they claim that’s the new norm and the other Colombians are mad at the gringos for raising the price but their only crime is not know they are being scammed by other greedy Colombians.
Sure digital nomads like me destroy local prices. And we bring very little input into the country cause we work for companies abroad. So I understand the signs of the locals. Man, you think too positive! Live might be easy in your case but it's not for local and not for every gringo.
Last year I wanted to rent an apartment in the Club Camperstre area of el Poblado, the rent was $4.5 million pesos. Last week the owner called again to inform me that the unit was now available for $9. Million. 100% increase in one year.
I moved to Colombia 17 years ago, met and married a Colombian woman and never in 17 year has anyone ever made me feel like I should leave. Also, the new president, Petro, is making significant moves to convert the economy of Colombia to obtain foreign exchange more from production of goods and services and tourism. He wants much more tourism and less production of oil for forex. If he's successful, there will be many more foreigners in Colombia.
Petro for one is a lying comunista, and, he just asked congress to resign sobre can have total control. He wants to stop drilling in colombia yet buy from Venezuela.
I don't think it said anything about people who are part of the culture, have married and had kids and are fully invested socially, economically etc. Wow! and you sound very brain washed. You obviously don't know much about that president. You almost sound like the solution to Colombia is more foreigners, yet you sought out women and a life outside your own country...hummm leaving all those goods and services behind.
Completly stupid way of thinking.... when there is coming again a wave of pandemic and the tourist can not come to colombia then what drives the economy? the largest gdp in colombia is still oil u stupid izquierda liberal gringo
I don't know anything about the politics here but wow, what the OP is saying is definitely not a good thing. My daughter is Colombian, and as a British man, Colombian should be for Colombians😂 I'm not saying no immigration, but to give up on oil and focus on mass immigration won't be good for the locals, especially if these gringos are not settling which they aren't @@eagleeyes144
They are not hateful against foreigners like you said, they just want real estate to remain casual. Greedy owners with crazy prices in mind should face the law
@@AKJoel Yeah but if they don't, casual citizens must prevent owners from creating trouble. I'm also a foreigner and would feel bad to make locals feel uncomfortable on the real estate side. Some aspects of society must remain out of capitalism claws. Latin America is a nice and hospitable land, let's not destroy the small peaceful and beautiful places we have
@@denniskoeman3098 can't blame the free market, if the demand is there then the supply will follow. The government is entirely to blame, local Colombians are simply exploiting a loop hole for their own self interests - government is always to blame as they regulate and police law of the land.
Greedy landlord here: so people in Medellin should take all the bad things that come with the crazy influx of foreigners but none of the rewards. Genius.
Same thing is happening in the United States. People have been getting price out of the country for a long time now. That’s why mini who work remotely are going overseas to live because of the affordability. I’ve basic home in the United States starts at $500,000. Rent starts at $2,000 a month. Cars are now over $35,000! It’s outrageous. As for Colombia the people who own the Homes and rental properties are the ones who should be feeling the most heat, because they set the prices!
I moved to Medellin in 2017. It's the only big city that I truly love. At the beginning of the worldwide event, I moved to a smaller city. Lately, I have made several trips to find a way to move back to Medellin. Rental prices are way up, and landlords mostly just use an agency because they are making a killing so why do any work or take risks? The agencies are not expat friendly (I won't go into the many reasons). I can't blame other foreigners for wanting to stay in Medellin, but their massive expenditures have really driven up the cost of living there.
yeah the agencies are all crap and not expat friendly at all wanting local co-signers who can afford what you can afford which is impossible. Best bet is speak to the people at the front desk of a building so that you can deal directly with the owners.
@@AKJoel I know the city. It's more difficult to find the affordable places than ever before. I found one place in Barrio Santa Fe that was pure shit for $1.7 Million. It needed a complete remodel and it was still odd room arrangements (like many sub-divided homes). Things are much more expensive. Don't live on Denial.
People keep bringing digital nomads into the equation, but in reality most remote workers are actually looking to live frugally. As a person who runs a shared house in Medellin, most digital nomads who arrive here are looking for competitive prices because they don't have a fixed income nor they have the proper paperwork to move into the country and have the benefits of a normal citizen. Getting a working/foreigner visa in Colombia is an absolute pain in the ass unless you have a shit ton of money and are looking to invest or buy property in the country or you have a job that requires you to move here. The "gentrification" is coming from investors/retirees/tourists who have a lot of money and don't care about overpaying for anything. Most digital nomads stay in the country from 3 to 6 months a year cause it's what their visa allows them to and most of them will move from one city to another during their stay. Also, I'd argue that the raise in prices is also caused by Colombians. Cause they take advantage of the situation and have raised prices knowing that there are foreigners willing to pay them. That does not only apply to property but to everything. I had a guest today who was gonna pay 20 dollars for a walking tour until I heard the conversation he was having by phone with the guide band I told him he could do it for a much cheaper price. I also had another guest a few weeks ago that came from the store shocked by how much she had to pay for a few groceries. So I went with her back to the store, showed the receipt to the cashier and asked her why there were charging here so much for what she had bought. Some Colombians do take advantage of foreigners who barely speak Spanish, are new to the city and are not accustomed to the local prices. However, some foreigners are also to blame for. I've also had a few guests how were absolutely shocked by the prices of hostels and properties in coastal cities and how many of them were owned by foreigners. That is a phenomenon that is still not happening in Medellin... yet. It's all a matter of balance. If you're an average foreigner who is looking to come to Colombia, educate yourself about the local prices first so you don't overpay. If you're a Colombian landlord, stop being a greedy cunt who charges $1000 a month for a piece of shit apartment/room.
They don't come down on the price because you refuse to pay it!? They just rent to the next person who pays it! You could go from landlord to landlord and always be turned away because you're holding your ground on the price, that just serves to keep yourself from getting the place you want, because they will not relent on the price, they know they can get it from the next guy!
I enjoyed the video. The parts I liked most is when Mateo said that we should be open-minded and the things he said after that. People come to the U.S. to work. If I was them I would too if I could. I met a guy from Colombia that works at the same company I work . He told me he works 2 weeks in the states then goes back to Colombia for 2 weeks. I rented an Airbnb from a man in Panama that has business in Miami and his family lives in Panama.
More like greed from the business side than gringos raising prices. Gringos would loveeee to see the prices remain low. The lower prices were the reason Colombia became a Digital Nomad hot spot.
Great video and a topic you don't hear much about. I've visited Medellin several times since 2016, and have thought about retiring there due to weather, scenery and people. But i always had in the back of my mind there could be some concern with a city being overrun by foreigners.
I started going to Colombia in the beginning of 2021 the exchange rate was about 3,400 peso per dollar and every time I went back it would go up a little the last time there in Jan 2022 it was 3,900peso per dollar now it is 4,550peso per $ that’s a huge increase
I think because of the new president. The wealthy people in Colombia started pulling their money out of the bank’s fast and putting it everywhere. Making other countries, dollar stronger in Colombia.
In every city, including New York and London, if there are more airbnbs the rent prices go up. It's even called the "airbnb effect". However an airbnb is about the half the price of a hotel. So as a tourist I am saving money and my money is also important.
Good analysis and resolution for the issue. There has to be compromise on both sides to allow people to profit yet keep the prices low enough to keep the rent affordable for locals.
It’s happening everywhere in the world. In Australia 30% of rental properties are listed on apps such as Airbnb causing rentals to skyrocket. The government could intervene, but then the economy loses all that foreign revenue. It’s a difficult problem. In the end it is up to the local community. It seems pretty clear they’ve had enough in Medellin.
Australia had 400k immigrants and 100k births last year and we're not building enough houses. And the massive Chinese investment in real estate, many left un-tenanted. That's why there are no places to rent and rents and prices are exploding. Airbnb"s don't help but are not the main problem.
Sorry, but the locals increase their prices for foreigners while its businesses that selfishness affect the local Colombian. Colombia needs to let go of that don't give Papaya mentality and start fighting back. Hopefully, tourism will bring money and innovation to the country and better contracts with other countries. while I still question Hondura's way of doing things but they going after these gangsters to clean their country. Colombia needs to do similar.
Foreigners mentioned on this video mostly belong to the middle class of developed countries who's income places them in the local upper brackets displacing the local "rich" that rent. The rest of Medellín is very low income. Salaries of less than 300 USD a month. Foreigners normally don't rent in neighborhoods where the majority of the population lives. A local with a 1000 or 2000 monthly income is in the "rich" category and represent less than 5% of the population. Those are the ones that see their purchasing power diminished in the prime real estate areas. On the other hand there are low income areas that have seen a higher demand due to Venezuelan refugees that as most locals have very low incomes.
I live in New York City which is a Melting Pot of all nationality. It puts pressure on the housing food etc. It is wat it is. Don’t think that they appreciate foreigners going over there to be with their women.
What's your opinion on the multiculturalism of NYC? I'd say that's one of the reasons it has one of the best selections of restaurants and food in the world.
The problem is they come in and don't assimilate. I've seen this living in Mexico; San Diegans come into to Tijuana and do the same. No Spanish, don't adhere to local customs, treat the locals like criminals in THEIR country... I wouldn't want them there either. To combat this, they have gringo prices and local prices... but the cultural issues still remain.
Yeah that's a problem, a lot of foreigners go to countries like Mexico and Colombia, live there for years and never care to learn a word of Spanish and have no local friends.
Mexicans do the same in the US, many refuse to learn English. Both Spanish and English are the languages of colonizers, so nothing cultural in my opinion, and the Mexican locals should get used to English 😅 in their country and stop complaining!
Lol...Latinos do the same thing in several parts of the south bay. Miami, nyc, la...same scenario, expect everyone to speak Spanish and cater to them. Doesn't bother me at all tbh, just pointing out that it happens the other way around too.
Oh, you mean they do exactly the same thing that Latino/Hispanics do in our country. Hispanics don't assimilate when they go to the USA and are racist and hostile towards African Americans. Latin Americans can't complain about us living in South America when soon there will be about 100 million Latin Americans living in our country.
Medellin is safer than most of the United States but Cartgena not really safe if u leave the tourist areas always be smart and observant in a foreign country and u need to at least speak some Spanish at least enough for basic communication
Prices are going up because local owners want to charge more. I'm sure foreigners would LOVE to pay less. Now if there is a shortage of apartments for rent, that's another problem and is usually why prices go up.
I've seen absolutely sh*thole dungeons with a mattress flung on the floor of a studio being rented out for $1000 a month haha that's definitely not a foreigner doing that!
Its not that simple...., people should acknowledge that renting brings risks for the landlord too. The incomes for colombians are not that stable so owners prefer the dollars first over colombians that possibly delay the rent pay because of getting fired or cant afford their entire expenses. If the renting market depended only on locals trust me renters went more picky like it is happening in Spain.
I am in California and we are being invaded by the Chinese. The creepiest part is that the women all appear to be getting surgery to look less Asian and more white. This is a really strange time. Imagine if it was the other way around and millions of Americans moved to China and got surgery to look Chinese.
Americans have been getting out priced from their country for a long time now. Basic house starts at $500,000! Cars, rent and food. That’s why those who are able to work remotely are moving to other countries
Well rent rules ANY area. Got to realize pesos and dollars are world's apart. Its finally gotten to the point of a local catastrophe. Violence is a possibility if it doesnt subside
Digital nomads don't really contribute anything to the community. Paying local sales tax isn't really groundbreaking and not really included in the tourism figures since they tend to live more like locals.. I think if prices continue to go up they way they have been they are going to want them out.
"Digital nomads don't really contribute anything to the community." 1. What about all the cafes and coworking spots filled with digital nomads? 2. What about the rent that they're paying to local property owners? 3. What about the volunteering work they do in the communities they visit?
What are your thoughts on Gentrification? Let me know here! And also... 🌍 Become a CHANNEL MEMBER to get access to videos about how I make money online and travel the world! ua-cam.com/channels/8848QXue5LVeCkbo6FL3aw.htmljoin 📩 For 1 on 1 consultations, where you can ask me anything about life in Colombia, Mexico, Brazil or any of the other 40 countries I visited as well as how to make money online - book here: www.akjoel.com/consultations
Ask people in the States and then multiply that sentiment and the affects by 10 in a Latin American Country. Just an educated and well traveled point of view.
Ultimately is the fault of the these government for not regulating these issues with real estate and at large capitalism as a international machination. Foreigners should do their best to integrate into their new country as seamlessly as possible and be as respectful. If the locals do not want us there, we should leave, but the true culprit is the government not taming these corporations like Airbnb, not examining the root of the problem so that the their consitutentes can benefit from this flood of foreign money or simply not make it as easy for foreigners to live in the country. Ask Japan.
Get mad all they want to. How they gonna stop us? They always want to point at the outside person but what about the Colombian property owners who up the prices, they have no guilt in the situation huh?
Excellent! Posters need to go up in Cartagena too! I was considering it for retirement but young wealthy Americans have blown real estate costs to comparable with the USA. Purchasing properties or convincing locals to turn every vacant apartment/home into an AirBnB.
"Convincing locals to turn every vacant apartment/home into an AirBnB." - this sounds like good business to me. What's wrong with that? Why would anyone just leave a vacant apartment vacant?
@@AKJoel Because of the detriment that AirBnB has helped cause in the real estate market. Increased prices and a business model that pushes rentals over home ownership. It over inflates prices due to greed and increases homelessness,
Look the situation in Lisbon. The country allowed foreigners to buy property in the country. And now the Portuguese can't live in Lisbon anymore. This interview is biased. There is always the risk of Medellin become the next Lisbon. One can not give the excuse of "it happens everywhere". Families that lived in a city for centuries can be displaced by privileged first world country people. If it happens in Lisbon (Europe). It can easily happen in South America. Some countries and cities should do like Switzerland and other countries. Forbid gringos from purchasing property. They should only be able to lease. If anyone will become rich with real estate it should be Colombians.
Colombian follow up… A Gringo Friend of mine who is married to a Colombian also has his bags packed (so to speak) in order to move his family out of Colombia before 2025 when the real Colombian communism 💩 will hit the fan This Friend has today (May 4) sent me this Colombian update ---- "The overt Communism supporter and practitioner, President Petro spoke to a group from the balcony of the Casa Nariño yesterday. He touched on many topics, but his fiery revolutionary speech tried to hammer-home the point about his reforms and how they must be passed by Congress; and the problem he's having getting anything approved. One portion of his speed ended with this quote... "If my reforms are not passed, it could lead to Revolution in Colombia." The true colors of this guerillero-revolutionary are now visible."
Man your stuck in 1957 Communism only exists in 2 countries North Korea and Cuba nowhere else Communism has been used as a boogeyman by the Military industrial Complex to invade and colonize third world countries so just stop ✋ and take off your tin foil hat it’s no longer 1958 it’s 2023
Colombia relies heavily on tourism. The issue is not caused directly be foreign people, its landlords and land owners who are pushing up the rents because they can. Prices have also increased due to inflation which is caused by governments imposing lockdowns and disruption of worldwide supply chains.
9:20 - totally agree with your point. It's bad for the average population to experience gentrification, but good for businesses like restaurants, clubs, and renters. They're definitely getting benefits from that.
Yeah I think the tourist dollar does a lot for Medellin. Also the fact that tourists are coming to live in what once was the most dangerous place in the world is doing a lot for the global perception of Medellin and Colombia. Sadly much of the world still thinks all of Colombia is just "cartels & cocaine." Thanks Netflix 😅😂
Bad for the working class, good for the upper class. The only working class people who benefits are the escorts which is why i don't see why people look down on that type of work.
Same thing is happening in the US. I live in arizona and our housing market and rent is skyrocketing. We have a homeless problem as well. It's not the expats fault. It's happening globally. Employees need to pay locals more so they can live in their own country.
Same thing Americans said when Latinos came to the USA and lowered labor costs so "Americans' wouldn't work for the prices that immigrants work for...this is all a circle and everyone is out to make a buck. The landlords can rent to locals but they target extranjeros...
Considering tons of Latinos and even undocumented ones contribute a lot of money in taxes with an ITIN number do u rlly think foreigners try to pay tax in Colombia? If the whole point is to enjoy cheap living
To be honest, as Mateo says, the pricing boom is really only affecting a couple of areas - the gringo hot-spots. This doesn't affect people like you and me, who'd rather hang in more authentic areas filled with locals.
I’ll be in Medellin then flying to Cartagena in June . First time going and will be staying in poblado . What excursions do you suggest in both cities?
I'd say Comuna 13 is a must do in Medellin (do it with Esteban from Zippy Tours.) I personally hate Cartagena but most people say the best part of that area is the islands, so get a boat to take you out there cos the beaches in town are sh*tholes haha
I have lived in Colombia (not a teacher) for 15 years and it has never been dangerous for me. Colombians are the nicest people on the planet. There is no place in the US that is even 1/10th as livable as Medellin so I always knew this would happen. Gentrification is a problem in many latin countries because life is so much better. Mexico City is a prime example. Colombians always want to come to the US because of better paying jobs. Now they don't need to. It's 50 dollars for a really bad Thai massage in MDE and 8 dollars in Thailand or 15 in Istanbul for a great one. You just need to up your skill set to make a lot more money but you may need to move. Although I have homes in Medellin there are much better places to live in Colombia.The tourist need to explore the whole wonderful country and ease up on Medellin but it won't happen as its the best city (year round) in the world.
Same thing happened in Panama years ago.North Americans and Europeans going to the country to live or buy vacation property and property values skyrocketed.
It's funny how most Latin Americans consider themselves as part of the Western World, yet people in the Anglo sphere definitely don't view things the same way. Apparently their idea of Western world is northern European, Protestant and rich. It looks like being Catholic, having southern European ancestry and speaking Spanish or Portuguese don't qualify as Wstern in their eyes.
Thanks brother! I think for a lot of new visitors it's more a lack of education. They just see Poblado in all the UA-cam videos and assume that's the only place to stay and that $1000 for a shoebox studio is a "great deal." 😂
Well, as long as you know the true value of the money you spend, you’re not going to get to that point. I’m from Europe and I always make the conversion before paying for anything, some people would just try to take advantage of you so just don’t be stupid
Bienvendidos gringos a mi pais Colombia!, hay muchos bellos lugares con una muy buena calidad de vida, buena comida, a precios justos no solo en Medellín sino tambien en toda Colombia: Pereira, Manizales, Armenia, Cali, Bucaramanga, San Gil, Eje cafetero, etc.
They have balanced it with tighter immigration and the digital nomad is a win for the government but not for the foreigners. That tax rate is high , I’ll go to 2-3 other countries
The solution is explore other cities in colombia, specially digital nomad can live in other cities that also offer good quality of life, Barranquilla, santa marta and pereira are some of them, Barranquilla and santa marta with a big plus which is the fact of been close to the Caribbean Sea and the Sierra Nevada
Barranquilla!? No !!! no gringos here thanks they can NOT take the heat and humidity of Barranquilla long term, their morbid obesity and diabetes alarms are ringing non stop sweating like pigs and cant find relief anywhere, 😂 good get your flabby type 2 diabetes ass and gtfo of here go to medellin or bogota so u tough “resilient” americans wont melt into a pool of lard and cholesterol 😂 stay out of my town passport bromos
This globalised world means people should be able to live freely where he/she prefers on the planet as long as value is added to the host country economically, culturally, socially, etc.
that's the problem. As a person who lives and breathes latin culture. As who has assimilated fully to Mexican culture, with a puertorican and african descent family. I can tell you that these mofos never take the time to assimilate ever, and for that reason. I have no sympathy if they end up in a ditch trying to talk down to the wrong person in the country they decided to tour,travel to. It is happening frequently in MX now. I would not be surprised if they run across Sinoloa,South Pacific, or Zetas Cartel and get killed. Mind you cartel business is family business, many women are in cartels.. so disrespecting the wrong woman is a death sentence also.
That's the way it should be. The reality is they start changing the name of the streets and neiborhoods. And try to impose their world view on the locals. The price of food & housing rises. Starbucks opens followed by a Chick-fil-A. And then it's light's out.
@@lks11 lmao as if there isnt a million mexican families in the US that dont speak english and still celebrate all mexican holidays, customs, and still eat all mexican style food.
@Tyler Phipps there's a complete difference, yall are lazy and they aren't in MX(running joke about Cubans and Venezuelans/Colombians being lazy) . They work any job that pays the bills. Welfare in MX what's that ? And they aren't founded on diversity also that's yall acting like a nation of immigrants
I’m Colombian American and I have been traveling to Colombia more of often I considering returning. I love Medellin however, I even stopped going there because of the tourists and sex perverts. Cartagena another city I will not step into because of excessive tourists. They’re plenty of other towns in Colombia that are beautiful. But can be potentially dangerous for foreigners. It may seem cruel. I definitely prefer it, because I don’t want to see the town I reside in overrun by tourists. Unfortunately, Paisas can complain all they want over gentrification. People complained in California, New York and etc but money talks
I’m Mexican American. I have visited Medellin 3 times. Twice I stayed at laureles carrera 70 and once ciudad del río. For me those places are way more affordable also laureles is where the locals party at. Poblado is way to overhyped everything is expensive and Americanized. Envigado,bello,sabaneta ciudad del río are beautiful to get a house,apartment. Avoid poblado at all cost
I agree bro - Provenza area sucks - way too expensive and all the trashy stuff is around there. I've never been to Bello, but the other neighbourhoods you mentioned are awesome!
Just like American cities have been over ran by undocumented migrants? Americans living in South America sounds like the chickens coming home to roost, doesn't it?
@@cablenewsfanatic5634 First world countries and third world countries continue to be widely used terms, although that sounds derogatory to countries with fewer resources because there are economic and cultural differences among underdeveloped countries. For example, Latin America is not so underdeveloped when compared to sub-Saharan Africa.
I know a lot of expats who have started foundations in Medellin to help kids in less fortunate areas of the city. They generate tens of thousands of dollars annually to help the local community.
Gentrification happens everywhere. It always creates some tension. It's unavoidable. Take away the foreign money coming into Colombia and what problem does that solve. I ve been to Medellin 5 times in the last year & will be ex-patting very soon. Personally I ve observed no resentments directed at me. Further many Colombian incomes are directly tied to tourism and gentrification
If the locals stay honest and not greedy, they will continue make a good living.. and tourism should be something very positive for economy not the other way around..
AK- would say your estimate is on the low end. Yes, it would be a billion dollars minimum doing 1M *1,000. However for people like you who are actually living there then your spend will be way more than a $1,000 on an annual basis. So you have to have an estimate of about how many digital nomads live there and their average stay. From what i see online the governments plan is to facilitate about 50K or so nomads so assuming they get to that point then those 50K would probably spend lets say $2K on everything a month so total approx $100M a month and about $1.2 billion annualized. So then you add in the approx $1 billion from the short term stays so that is a easy $2.2 billion injection into the economy. I think the guys who come there for women probably spend more on entertainement at bars, restaurants etc so we are looking at probably 2.5 to 3 billion. The government will collect a good fraction of that in taxes which can be used to improve social services or maybe fund the contstruction of affordable housing.
Everyone is welcome at our country, but another thing is if they’re going to take the power here, and the Colombian is too territorial, I’m pretty sure than if that happen some guerrilla could born just to be care of what could happen later
Finally someone said that the tourist are dumb. I met in the first days after I arrived Medellin one American guy. He just went to Vacation he told me. I didn't ask him how much he paid for the apartment in Medellin. He told me and said 1,300 USD. I really don't know why Americans feeling worth to tell everyone how much money they made.
@@AKJoel I have a question for you. I’m considering moving to Columbia or Mexico but I can’t find any videos on raising a young child In Columbia for a expat. Like schooling and things like that. Would you be able to give some insight?
Los colombianos en su mayoria estamos felices de que vengan gringos a aportar a nuestra economía, pero hay algunos politicos socialistas que usan el discurso de la "gentrificación" porque en el fondo quieren más impuestos, quieren participar de las ganancias que obtienen los propietarios lugareños pero sin invertir un solo peso. Este fenomeno de altos precios se atacaría con una mayor oferta inmobiliaria, donde el mercado ajusta los precios por ley de oferta y demanda, pero la excesiva burocracia no van al mismo ritmo de la inversión privada.
Que tiene que ver el socialismo imbécil, yo quiero que se vayan te parece bonito que usen medellín como prostíbulo? Y que te traten como un esclavo en tu propio pais?
Ademas a mas oferta pues seria igual o crees que los nuevos constructores ofrecerian todo a bajo precio sabiendo que tienen miles de gringos dispuestos a pagar en dolares? Haha porfavor
@@antiimbeciles6892 sabes porque las estufas electricas se pusieron costosas en estos días? Porque hubo alta demanda. En el confinamiento fueron los tapabocas los que se pusieron costoso porque la demanda aumentó. Los smartv cuando recien salieron la misma historia. Una vez se dispara para inversión porque mucha gente quiere entrar al negocio entonces se genera mayor oferta, ahí se equilibra el precio. Todo el que tenga ahorros va a querer entrar al negocio de rentas cortas AIRBNB porque los altos ingresos son un incentivo a esa inversión, el problema es la burocracia para dar permisos de construccion, esa burocracia ralentiza la inversión, la construcción y una mayor oferta.
That's unfortunate. Like someone said, it's happening everywhere. I looked Medellin. I looked a Lisbon, Portugal. Yep! The citizens of these countries are getting angry. I guess I don't blame them. I guess also that it's a catch 22 where the governments are concerned because maybe they're trying to get the economy moving, but they're not accounting for these inflated prices. Greed is a great motivator for many.
Gringos in Mexico are only US citizens. If you are an Aussie, you're an Aussie in Mexico not a Gringo. In South America, gringos are white color people. It's a color or a race issue not in Mexico. Gringos in Mexico are understood that they can be white, black, Asian and there are gringos of Mexican descent. Yes, we have famous footballers with Mexican parents that were born in the US and we still call them Gringos so it's not a race thing. Also, Mexico is a western country even more than the US, why? 1) Spanish the official language of Mexico is a western language 2) Catholicism is the number one religion is which a western religion 3) The cowboy image, the cowboy hats and even the name Barbecue is of Mexican origin 4) Mexico is in the western hemisphere 5) 10% of the population of Mexico is caucasian, yes blue eyes and blonde and they live in different communities mainly in northern Mexico 6) 70% of the population is a mixed between native people and Spaniards. Therefore by blood most Mexicans are westerners 7) 13% of the population in the US is of African descent and 7% of Asian descent plus other 7% of other races so Mexico is a more of a western society by blood. Colombia is composed of other races so not so sure if they are Western. Even their native people is of the different race of our native people. But don't believe me do a your research. Mexico's native people are only Mesoamericans. Native people of Colombia belong to a different race. About gentrification in Mexico City, it's not new. It's been happened since Mexico became highly industrialized and since the country grew at 2.5% per year since the late 80's until 2018 which made mexico the #15th largest economy in the world. But one political decision accelerated this phenomenon in Mexico City in 2018, the back then newly elected Mayor decided that she wasn't going to spend in infrastructure like upgrading and increasing potable water lines, improving sewage network, improving and modifying traffic flows as she redirected funds to the federal gov so she cancelled more than 250 high rise buildings and other projects with the excuse that the services/infrastructure needed for those projects wasn't there. She even stopped projects already under construction so these project owners' sued the city and obviously they won their cases by then the whole developer/construction community was quite restricted so most of them went into the gentrification business instead of constructing new building that would've added thousands and thousands of new units with minimum displacement of long time residence. So the problem in Mexico city had already begun even before the pandemic. The digital nomads manly UA-camrs got to Mexico City and they started to point out the situation but they didn't cause it. These digital nomads or temp residents think that they are the center of the universe but in Mexico City we don't pay attention. Also in the case of Mexico, Mexico is part of North America. The US took half of the Mexican territory so many people with Mexican heritage stayed in that territory when it was taken and millions still live in there so if millions of US citizen live in Mexico we don't have a problem with that. Very different story to colombia
Gentrification is good for those who are already wealthy. Those are the people who gain the most because they own the most and set the prices. He mentioned 5 or 6 neighborhoods being affected but how many people inhabit those neighborhoods? Not to mention locals have to compete against a more valuable currency, so it’s very understandable why the locals are upset.
It also helps the poorest of people who struggle to find employment - I'm sure a lot of people working in tourism and hospitality are very happy about the influx of tourists into their city.
@@AKJoel tourism helps when tourists actually leave. If you get an influx of wealthier people who stay long term, the prices of everything rise and the influx of people usually creates a need for expansion of housing which typically spreads into poorer neighborhoods where real estate is the cheapest. This happens all over the U.S. Happened to my old neighborhood.
LOL I knew it would happen eventually. What these mostly millennials don't understand is compared to other countries, Colombians will actually tell you how they feel. And you know what because of the mentalities, it won't stop until something drastic happens...LOL. I'm fortunate that I actually learned Spanish and my wife is Colombian and I have in-laws there and can easily go places that are great, affordable and away from the big tourist pockets.
El "problema" ya se venía presentando, ya que las construcciones se hacen en las partes más estrategicas de la ciudad, por lo que los mejores barrios se estaban volviendo más costosos aún.
I too can't afford to live within 50 miles of my home town. Get over it, whiners. Find a way to make money off the rich people coming into town, sell your property for a huge price and move to a cheaper area, or just leave. Cool places are always going to attract people, and rising prices follow that. Always. You don't have the right to live wherever you want, you have to earn it.
@@AKJoel I'm from Aspen, the ultimate rich person, locals-step-aside destination, haha. Most of the people who settled there a long time ago became multimillionaires and moved away. The working class there is nearly 100% latino now and comes in on buses from 50+ miles away every day. It's an interesting study on what happens to a place when rich people suddenly decide it's cool. I'm thankful for the time I was able to have there, and I know plenty who are quite thankful the rich people flocked there. My ex's family, for example, bought a property in the 70's for $250k that's worth over $20 million last I heard. 2 of their 3 kids live at home and work as ski patrollers still in their 40's! :)
100% correct but are they really greedy? They're just witty business people who are getting the maximum value for their property. It's the idiot gringos overpaying who need to get smarter.
It comes down to government, they aren't providing a stable economy for the people. I travel to Colombia to get 4x the value on the New Zealand dollar, why would I spend money in my own failed economy when I can enjoy life much more abroad?
I have been traveling here for 4 years now, and I am completely accepted by the beautiful people of Colombia with hugs 🫂 and kisses! Thanks parceros! 🎉 Que mas pues, bien o que?
For MORE INFO on the Medellin Masterclass ► medellinmasterclass.com/
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Buddy go to Dominican Republic, they love visitors!
I was Mateo’s 12th grade English teacher. So happy to see him doing his thing! Anyone looking to move to Medellin or invest he is absolutely your guy!
In Canada? That's awesome!
airbnb destroyed a lot of places
Yes it has. That's why it's being made illegal and laws are coming into effect to regulate it in several places in the world.
Airbnb is currently destroying the once thriving regular BnB business in the town where I live.
It happens everywhere, The mission district in San Francisco...Brooklyn in New York...Puerto Vallarta in Mexico..Denver Colorodo..the 18th, 19th, and 20th arrondissements in Paris...and the list goes on. Make the best of it and be respectful!
Exactly. The U.S. has had more immigration than any other Country on Earth.
It happend in Costa Rica too. Nicaragua and El Salvador are next.
You're comparison is flawed. You're comparing places and trying to excuse for areas and people who are from those areas and accustomed to the economics and make dollars. Comparing to another country in South America with people who use dollars in a country that uses a far less viable currency. Pesos, which the majority live on daily. You are coming from a retired and totally different mindset and economics.
Make the best of it and be respectful...LOL...middle of the road, "Oh well" mindset...and there's part of the problem right there. Sorry it good for us and bad for you mentality. Reservations for two please.....
@@chrisbullock6477 You got it! We can’t compete against dollars.
Gentrification is created by locals wanting to make more money. Foreigners would be happy to pay less. Telling gringos to go home is not the answer. Great video. Thank you.
Absolutely - as Mateo says it's just a phenomenon that happens in real estate. To be honest it's good business. If idiots are prepared to pay 4 X the price why not raise it??
Omg, foreigners justifying capitalist greed 😂 Of course Sam would say that 😂😂 Nuthin more than an extension of colonialism. Ya of course the locals are going to raise prices. But they do it BECAUSE OF FOREIGNERS. And it's not like there aren't foreigners that are involved in the greed, SAM!
Exactly what I'm saying, it's not the tourists fault.
It is also often foreigners and foreign investors buying property to rent out
@@arthurraleigh5812 Colonialism ? Colombia exists because of colonialism. No different than the US or Canada. European blood running in their veins.
Personally this is the same thing that has happened in Florida especially in Miami with all the Venezuelans and welthly south americans that have come into miami and raised home prices by 30% since covid. Its just part of the transition the work is going thru.
Beat me to it
But go around Miami putting up posters about that and you’ll be getting called xenophobic before the glue can dry
@@aahsimovieprojects Unfortunately, over the past 30 years, the USA has become too woke for its own good.
Damn for that long? I've only noticed this "woke" trend over the past 5 years or so.
@@AKJoel what are you talking about being a woke trend? You as a foreigner, coming in to a country with money will never know the struggles of seeing everything around you change. There's no way local currency can compete with foreigners.
“We want your tourist dollars…. Just not you” 😂
They still take every penny from us
You said the same thing I said. It all comes down to the greedy people who own the homes, they are the ones who set the prices, they are the ones who should be feeling the most heat. Some foreigners might not even know what a good price is or not so they just pay the asking price.
Exactly - every deal is 2 sided!
It also comes down to greedy expats wanting to save Money/taxes while not even being able to speak the local language...
go move to venezueala where the govt sets the prices stupid
The government and corporations loves stupid landlords and renters blaming each other for economic swings.😂😂😂
Been living in Colombia 14+years , the tourists and gringos that live in Medellin and around Colombia are not to blame for increased prices of rent and other things. Its local Colombian greed tries to take advantage by gringo pricing everyone and inflation is the result of increased costs.
I moved to Bucaramanga from Medellín, much cheaper and very clean with hardly any traffic. Lovely people as well!!!
@@BRYKS22if I would have know this I would have booked my trip that way instead.
That's the correct answer. But Colombians aren't good at looking at their own faults. Been here 6 years now and love it but the lack of personal accountability from the locals can be annoying.
@@ACruz-kq9diI'm Colombian, you're completely right. It's always the government, it's always the gringos it's never Colombians.
The problem is mostly in two areas of Medellin. Poblado and Laureles and very little change outside of these two areas to be concerned about. I’ve seen a grand total of less then 10 extranjeros in my Pueblo neighborhood in 10 years . If your thinking of coming here don’t be alarmed and let the video phase you. Take some time and learn about the other areas of the city or surrounding Pueblos and you’ll find low prices. These prices are more realistic and will save you plenty of money .
You are exactly correct - for the traveler who learns Spanish and is happy to socialise with Colombians (as opposed to those who just stick to the expat crowd) - we are unaffected by these rising prices.
Prices are going up in Envigado too.
Cheers, this makes me feel better about my 87 night trip to Medellin/Manizales - I am enrolled in spanish school, dance school, muay thai etc and plan to immerse myself in the culture. Not interested in cheap sex workers like many foreigners.
What area do you recommend for a month stay that’s super safe and has a Galeria, supermercados y parques? Thanks in advance.
Dicen que el costo de vida también ha subido en Guayabal, Belén y Envigado
As someone who has spent a lot of time in Medellin I can assure you this is Colombians greed coming back to bite them. The issue is that when they see a gringo the price gets doubled or tripled. And when they get a gringo to scam into their high prices they claim that’s the new norm and the other Colombians are mad at the gringos for raising the price but their only crime is not know they are being scammed by other greedy Colombians.
So true it’s awful.
15 years in Colombia and your comments are just not true. You're the problem..its people with low character talking bad about locals.
@@StreetSmartMillionaire Are prices for services in El Poblado higher than the rest of the city? Yes or no?
Sure digital nomads like me destroy local prices. And we bring very little input into the country cause we work for companies abroad. So I understand the signs of the locals. Man, you think too positive! Live might be easy in your case but it's not for local and not for every gringo.
Bro on the contrary we help local businesses. Local business greed jacking up prices is another thing
I give more money to people in need than the locals when they earn it.
Last year I wanted to rent an apartment in the Club Camperstre area of el Poblado, the rent was $4.5 million pesos. Last week the owner called again to inform me that the unit was now available for $9. Million. 100% increase in one year.
Damnnnnn that's a shocker!!
You mean pesos my guy
Poblado is shit anyway.
haha sweet
I moved to Colombia 17 years ago, met and married a Colombian woman and never in 17 year has anyone ever made me feel like I should leave. Also, the new president, Petro, is making significant moves to convert the economy of Colombia to obtain foreign exchange more from production of goods and services and tourism. He wants much more tourism and less production of oil for forex. If he's successful, there will be many more foreigners in Colombia.
Petro for one is a lying comunista, and, he just asked congress to resign sobre can have total control. He wants to stop drilling in colombia yet buy from Venezuela.
I don't think it said anything about people who are part of the culture, have married and had kids and are fully invested socially, economically etc. Wow! and you sound very brain washed. You obviously don't know much about that president. You almost sound like the solution to Colombia is more foreigners, yet you sought out women and a life outside your own country...hummm leaving all those goods and services behind.
Completly stupid way of thinking.... when there is coming again a wave of pandemic and the tourist can not come to colombia then what drives the economy? the largest gdp in colombia is still oil u stupid izquierda liberal gringo
That’s why Colombia is going to hell. He stop oil and not making any good trade deals and manufacturing.
I don't know anything about the politics here but wow, what the OP is saying is definitely not a good thing. My daughter is Colombian, and as a British man, Colombian should be for Colombians😂 I'm not saying no immigration, but to give up on oil and focus on mass immigration won't be good for the locals, especially if these gringos are not settling which they aren't @@eagleeyes144
They are not hateful against foreigners like you said, they just want real estate to remain casual. Greedy owners with crazy prices in mind should face the law
Or the government needs to regulate.
@@AKJoel Yeah but if they don't, casual citizens must prevent owners from creating trouble. I'm also a foreigner and would feel bad to make locals feel uncomfortable on the real estate side. Some aspects of society must remain out of capitalism claws. Latin America is a nice and hospitable land, let's not destroy the small peaceful and beautiful places we have
@@denniskoeman3098 can't blame the free market, if the demand is there then the supply will follow. The government is entirely to blame, local Colombians are simply exploiting a loop hole for their own self interests - government is always to blame as they regulate and police law of the land.
Greedy landlord here: so people in Medellin should take all the bad things that come with the crazy influx of foreigners but none of the rewards. Genius.
Amazes me how people always act like they go to Medellin just for the weather, the scenery and the arepas… We know what ya’lls primary motives are 😅😅😅
😂
I’m a woman, I really do go for the scenery and arepas 😂😂
@@ayo_k32 Yes. I am a man. And I also go for the food, to fish, and to Relax.
Wtf is an arepa?
Corn based flatbread. Kind of.
Same thing is happening in the United States. People have been getting price out of the country for a long time now. That’s why mini who work remotely are going overseas to live because of the affordability. I’ve basic home in the United States starts at $500,000. Rent starts at $2,000 a month. Cars are now over $35,000!
It’s outrageous.
As for Colombia the people who own the Homes and rental properties are the ones who should be feeling the most heat, because they set the prices!
I moved to Medellin in 2017. It's the only big city that I truly love. At the beginning of the worldwide event, I moved to a smaller city. Lately, I have made several trips to find a way to move back to Medellin. Rental prices are way up, and landlords mostly just use an agency because they are making a killing so why do any work or take risks? The agencies are not expat friendly (I won't go into the many reasons). I can't blame other foreigners for wanting to stay in Medellin, but their massive expenditures have really driven up the cost of living there.
It's still cheap, just gotta know which places to avoid!
yeah the agencies are all crap and not expat friendly at all wanting local co-signers who can afford what you can afford which is impossible. Best bet is speak to the people at the front desk of a building so that you can deal directly with the owners.
@@AKJoel I know the city. It's more difficult to find the affordable places than ever before. I found one place in Barrio Santa Fe that was pure shit for $1.7 Million. It needed a complete remodel and it was still odd room arrangements (like many sub-divided homes). Things are much more expensive. Don't live on Denial.
@@danspencer4235 Well... what's the estrato and rent prices in Denial? 😅
People keep bringing digital nomads into the equation, but in reality most remote workers are actually looking to live frugally. As a person who runs a shared house in Medellin, most digital nomads who arrive here are looking for competitive prices because they don't have a fixed income nor they have the proper paperwork to move into the country and have the benefits of a normal citizen.
Getting a working/foreigner visa in Colombia is an absolute pain in the ass unless you have a shit ton of money and are looking to invest or buy property in the country or you have a job that requires you to move here. The "gentrification" is coming from investors/retirees/tourists who have a lot of money and don't care about overpaying for anything.
Most digital nomads stay in the country from 3 to 6 months a year cause it's what their visa allows them to and most of them will move from one city to another during their stay.
Also, I'd argue that the raise in prices is also caused by Colombians. Cause they take advantage of the situation and have raised prices knowing that there are foreigners willing to pay them. That does not only apply to property but to everything. I had a guest today who was gonna pay 20 dollars for a walking tour until I heard the conversation he was having by phone with the guide band I told him he could do it for a much cheaper price. I also had another guest a few weeks ago that came from the store shocked by how much she had to pay for a few groceries. So I went with her back to the store, showed the receipt to the cashier and asked her why there were charging here so much for what she had bought. Some Colombians do take advantage of foreigners who barely speak Spanish, are new to the city and are not accustomed to the local prices.
However, some foreigners are also to blame for. I've also had a few guests how were absolutely shocked by the prices of hostels and properties in coastal cities and how many of them were owned by foreigners. That is a phenomenon that is still not happening in Medellin... yet.
It's all a matter of balance. If you're an average foreigner who is looking to come to Colombia, educate yourself about the local prices first so you don't overpay. If you're a Colombian landlord, stop being a greedy cunt who charges $1000 a month for a piece of shit apartment/room.
Haha so many piece of shit studios in Poblado for $1000 a month - it's crazy!!
That's what they should put on all the posters. "Hey Gringo - stop paying stupid prices!"
haha very true!
theyre too busy making a profit off it.
They don't come down on the price because you refuse to pay it!? They just rent to the next person who pays it! You could go from landlord to landlord and always be turned away because you're holding your ground on the price, that just serves to keep yourself from getting the place you want, because they will not relent on the price, they know they can get it from the next guy!
I enjoyed the video. The parts I liked most is when Mateo said that we should be open-minded and the things he said after that. People come to the U.S. to work. If I was them I would too if I could. I met a guy from Colombia that works at the same company I work . He told me he works 2 weeks in the states then goes back to Colombia for 2 weeks. I rented an Airbnb from a man in Panama that has business in Miami and his family lives in Panama.
We’re all one big family 🙏🏽
More like greed from the business side than gringos raising prices. Gringos would loveeee to see the prices remain low. The lower prices were the reason Colombia became a Digital Nomad hot spot.
Great video and a topic you don't hear much about. I've visited Medellin several times since 2016, and have thought about retiring there due to weather, scenery and people. But i always had in the back of my mind there could be some concern with a city being overrun by foreigners.
It's still an awesome place and despite the few bad apples the overwhelming majority of locals are EXTREMELY welcoming! 🇨🇴❤️
Yeah its becoming the new Panama/Costa Rica
@@chrisbullock6477 could be. I'm in Costa Rica now and it's as expensive as Europe, if not more so
I started going to Colombia in the beginning of 2021 the exchange rate was about 3,400 peso per dollar and every time I went back it would go up a little the last time there in Jan 2022 it was 3,900peso per dollar now it is 4,550peso per $ that’s a huge increase
Yeh it was like 3500 when I got there and it hit 5000 at the end of last year- wild!
I think because of the new president. The wealthy people in Colombia started pulling their money out of the bank’s fast and putting it everywhere. Making other countries, dollar stronger in Colombia.
In every city, including New York and London, if there are more airbnbs the rent prices go up. It's even called the "airbnb effect". However an airbnb is about the half the price of a hotel. So as a tourist I am saving money and my money is also important.
They are trying to do away with Airbnb in NYC. But ppl do it anyway on the low.
Are foreigners raising the rents? No at all. The issue is greedy landlords. Columbia needs to STRICTLY regulate rents for both locals and foreigners.
Finally someone with some sense lol well said!
Interesting. So locals can’t get any of the good things that come from all these visitors, in your opinion. Genius.
Good analysis and resolution for the issue. There has to be compromise on both sides to allow people to profit yet keep the prices low enough to keep the rent affordable for locals.
Rent freezing does not work. The United States has already proven this with disasters like New York.
It’s happening everywhere in the world. In Australia 30% of rental properties are listed on apps such as Airbnb causing rentals to skyrocket. The government could intervene, but then the economy loses all that foreign revenue. It’s a difficult problem. In the end it is up to the local community. It seems pretty clear they’ve had enough in Medellin.
Australia had 400k immigrants and 100k births last year and we're not building enough houses. And the massive Chinese investment in real estate, many left un-tenanted. That's why there are no places to rent and rents and prices are exploding. Airbnb"s don't help but are not the main problem.
Sorry, but the locals increase their prices for foreigners while its businesses that selfishness affect the local Colombian. Colombia needs to let go of that don't give Papaya mentality and start fighting back. Hopefully, tourism will bring money and innovation to the country and better contracts with other countries. while I still question Hondura's way of doing things but they going after these gangsters to clean their country. Colombia needs to do similar.
If it becomes "not cheap" anymore, some of the gentrification will fix itself.
It could - or it could just continue to get worse and worse like Mexico City!
It will, but it takes decades. Too long for the current citizens.
Foreigners mentioned on this video mostly belong to the middle class of developed countries who's income places them in the local upper brackets displacing the local "rich" that rent. The rest of Medellín is very low income. Salaries of less than 300 USD a month. Foreigners normally don't rent in neighborhoods where the majority of the population lives. A local with a 1000 or 2000 monthly income is in the "rich" category and represent less than 5% of the population. Those are the ones that see their purchasing power diminished in the prime real estate areas. On the other hand there are low income areas that have seen a higher demand due to Venezuelan refugees that as most locals have very low incomes.
I would like to be put in contact with that lawyer. I am considering relocating to Medellin, and I agree with his closing statements.
Here you go!
instagram.com/teomonsalve/
nexo.legal/es/
I live in New York City which is a Melting Pot of all nationality. It puts pressure on the housing food etc. It is wat it is.
Don’t think that they appreciate foreigners going over there to be with their women.
And they tell us that "diversity is our strength" 🤣🤣
Let’s be real, countries loves dollars and then foreigners. 😮
But I love their women
What's your opinion on the multiculturalism of NYC? I'd say that's one of the reasons it has one of the best selections of restaurants and food in the world.
More than welcome to our country, please don't take it personal I think that happens everywhere .
Thank you!!
The problem is they come in and don't assimilate. I've seen this living in Mexico; San Diegans come into to Tijuana and do the same. No Spanish, don't adhere to local customs, treat the locals like criminals in THEIR country... I wouldn't want them there either. To combat this, they have gringo prices and local prices... but the cultural issues still remain.
Yeah that's a problem, a lot of foreigners go to countries like Mexico and Colombia, live there for years and never care to learn a word of Spanish and have no local friends.
@@EB-jf5oi please come to any city beyond Tijuana we got a special place for you ;)
Mexicans do the same in the US, many refuse to learn English. Both Spanish and English are the languages of colonizers, so nothing cultural in my opinion, and the Mexican locals should get used to English 😅 in their country and stop complaining!
Lol...Latinos do the same thing in several parts of the south bay. Miami, nyc, la...same scenario, expect everyone to speak Spanish and cater to them. Doesn't bother me at all tbh, just pointing out that it happens the other way around too.
Oh, you mean they do exactly the same thing that Latino/Hispanics do in our country. Hispanics don't assimilate when they go to the USA and are racist and hostile towards African Americans. Latin Americans can't complain about us living in South America when soon there will be about 100 million Latin Americans living in our country.
Watching you walk around with a camera in your hand like that gives me hope and calms my anxiety around coming to Medellin 😂
You'll be fine! If you're smart and don't do stupid things there's no reason to be anxious. Enjoy your trip to Medellin!!
Medellin is safer than most of the United States but Cartgena not really safe if u leave the tourist areas always be smart and observant in a foreign country and u need to at least speak some Spanish at least enough for basic communication
Medellin is super safe, there is just an echo chamber of people on expat pages that always fear monger because they don’t want people coming.
Anxiety? 😂 …. don’t leave your buble then …
Prices are going up because local owners want to charge more. I'm sure foreigners would LOVE to pay less. Now if there is a shortage of apartments for rent, that's another problem and is usually why prices go up.
I've seen absolutely sh*thole dungeons with a mattress flung on the floor of a studio being rented out for $1000 a month haha that's definitely not a foreigner doing that!
Its not that simple...., people should acknowledge that renting brings risks for the landlord too. The incomes for colombians are not that stable so owners prefer the dollars first over colombians that possibly delay the rent pay because of getting fired or cant afford their entire expenses. If the renting market depended only on locals trust me renters went more picky like it is happening in Spain.
I am in California and we are being invaded by the Chinese. The creepiest part is that the women all appear to be getting surgery to look less Asian and more white. This is a really strange time. Imagine if it was the other way around and millions of Americans moved to China and got surgery to look Chinese.
I Love Fried Rice.
I dislike Chinese so instaurar and all is about being a copycats.
Americans have been getting out priced from their country for a long time now. Basic house starts at $500,000! Cars, rent and food. That’s why those who are able to work remotely are moving to other countries
Probably this guys also need to do so. Always talks about 'gringos' but doesn't look a bit of that. 🙂
Creepy, real weirdos, im from Colombia
Well rent rules ANY area. Got to realize pesos and dollars are world's apart. Its finally gotten to the point of a local catastrophe. Violence is a possibility if it doesnt subside
Yeah, everything is about chasing the dollar hey!
Digital nomads don't really contribute anything to the community. Paying local sales tax isn't really groundbreaking and not really included in the tourism figures since they tend to live more like locals.. I think if prices continue to go up they way they have been they are going to want them out.
"Digital nomads don't really contribute anything to the community."
1. What about all the cafes and coworking spots filled with digital nomads?
2. What about the rent that they're paying to local property owners?
3. What about the volunteering work they do in the communities they visit?
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The next fase of gentrification is wokeness and than resistance ending in extermination 🤣🤣
@@sarahdavilio2575 well spoken like a pure descendant of #slave owners
government are the ones to blame, they create and police the law of the land. Greedy elite pushing their agenda onto government.
Ask people in the States and then multiply that sentiment and the affects by 10 in a Latin American Country. Just an educated and well traveled point of view.
Ultimately is the fault of the these government for not regulating these issues with real estate and at large capitalism as a international machination. Foreigners should do their best to integrate into their new country as seamlessly as possible and be as respectful. If the locals do not want us there, we should leave, but the true culprit is the government not taming these corporations like Airbnb, not examining the root of the problem so that the their consitutentes can benefit from this flood of foreign money or simply not make it as easy for foreigners to live in the country. Ask Japan.
Get mad all they want to. How they gonna stop us? They always want to point at the outside person but what about the Colombian property owners who up the prices, they have no guilt in the situation huh?
You can't stop it as long as the government doesn't regulate it
@@AKJoel Facts!!!
Excellent! Posters need to go up in Cartagena too! I was considering it for retirement but young wealthy Americans have blown real estate costs to comparable with the USA. Purchasing properties or convincing locals to turn every vacant apartment/home into an AirBnB.
"Convincing locals to turn every vacant apartment/home into an AirBnB." - this sounds like good business to me. What's wrong with that? Why would anyone just leave a vacant apartment vacant?
@@AKJoel Because of the detriment that AirBnB has helped cause in the real estate market. Increased prices and a business model that pushes rentals over home ownership. It over inflates prices due to greed and increases homelessness,
Is this only happening in Medellin or even catching up in other Colombian cities like cali and cartagena?
Cali isn't booming with tourism yet, but Cartagena definitely. It's actually more expensive there than Medellin in some parts!!
@@AKJoel hasnt cartagena always been more expensive than medellin?
I think partly is because men in the western world had enough and sick of dealing with western women - cheers 🍻
Glad you enjoyed it Nikos 👍🏾👊🏾
Amen...4th wave blue haired feminism and wokeness has destroyed the USA in all but the most conservative corners of the land.
you are so right, but let me say you that in most topics Latin America is part of the western world
Look the situation in Lisbon. The country allowed foreigners to buy property in the country. And now the Portuguese can't live in Lisbon anymore.
This interview is biased. There is always the risk of Medellin become the next Lisbon. One can not give the excuse of "it happens everywhere".
Families that lived in a city for centuries can be displaced by privileged first world country people. If it happens in Lisbon (Europe). It can easily happen in South America.
Some countries and cities should do like Switzerland and other countries. Forbid gringos from purchasing property. They should only be able to lease. If anyone will become rich with real estate it should be Colombians.
So then they should make a rule that all immigrants can't buy property in the US too?
@@AKJoel if it started to force USA citizens out of their own cities... YES!
Colombian follow up… A Gringo Friend of mine who is married to a Colombian also has his bags packed (so to speak) in order to move his family out of Colombia before 2025 when the real Colombian communism 💩 will hit the fan
This Friend has today (May 4) sent me this Colombian update
----
"The overt Communism supporter and practitioner, President Petro spoke to a group from the balcony of the Casa Nariño yesterday. He touched on many topics, but his fiery revolutionary speech tried to hammer-home the point about his reforms and how they must be passed by Congress; and the problem he's having getting anything approved. One portion of his speed ended with this quote...
"If my reforms are not passed, it could lead to Revolution in Colombia." The true colors of this guerillero-revolutionary are now visible."
Man your stuck in 1957 Communism only exists in 2 countries North Korea and Cuba nowhere else Communism has been used as a boogeyman by the Military industrial Complex to invade and colonize third world countries so just stop ✋ and take off your tin foil hat it’s no longer 1958 it’s 2023
So tell your friend to start from now and go to shi.t, here in Colombia it won't be necessary
I'll go to Colombia all I want you can't stop me
Good on ya
@@AKJoel Are you Aussie?
Colombia relies heavily on tourism. The issue is not caused directly be foreign people, its landlords and land owners who are pushing up the rents because they can. Prices have also increased due to inflation which is caused by governments imposing lockdowns and disruption of worldwide supply chains.
Well said!
tourists are not the issue, the issue is when they dont want to leave the country
There are no a la gentrification writing in the first laureles park written on the sitting areas
9:20 - totally agree with your point. It's bad for the average population to experience gentrification, but good for businesses like restaurants, clubs, and renters. They're definitely getting benefits from that.
Yeah I think the tourist dollar does a lot for Medellin. Also the fact that tourists are coming to live in what once was the most dangerous place in the world is doing a lot for the global perception of Medellin and Colombia. Sadly much of the world still thinks all of Colombia is just "cartels & cocaine." Thanks Netflix 😅😂
who do you think owns the businesses in a community?
@@timmycorini I think Colombians.
Bad for the working class, good for the upper class. The only working class people who benefits are the escorts which is why i don't see why people look down on that type of work.
When you said "renters", I think you meant " landlords", is that right?
Yea... my apartment that Ive lived in since Apr 2022, could most definitely net twice what Im paying for it.
The government can cap ABnBs and or put taxes on them to fund affordable housing
But how about all the tax money they get?! Haha
Same thing is happening in the US. I live in arizona and our housing market and rent is skyrocketing. We have a homeless problem as well. It's not the expats fault. It's happening globally. Employees need to pay locals more so they can live in their own country.
People should be upset with greedy landlords not the visitors of your country.
Same thing Americans said when Latinos came to the USA and lowered labor costs so "Americans' wouldn't work for the prices that immigrants work for...this is all a circle and everyone is out to make a buck. The landlords can rent to locals but they target extranjeros...
That's a good point...
Considering tons of Latinos and even undocumented ones contribute a lot of money in taxes with an ITIN number do u rlly think foreigners try to pay tax in Colombia? If the whole point is to enjoy cheap living
wonder if the prices will come down when the dollar depreciates? or will it be like gas? Never coming down again?
To be honest, as Mateo says, the pricing boom is really only affecting a couple of areas - the gringo hot-spots. This doesn't affect people like you and me, who'd rather hang in more authentic areas filled with locals.
What I do is invest in Colombians themselves so they can start the business. It's a win-win
I’ll be in Medellin then flying to Cartagena in June . First time going and will be staying in poblado . What excursions do you suggest in both cities?
I'd say Comuna 13 is a must do in Medellin (do it with Esteban from Zippy Tours.)
I personally hate Cartagena but most people say the best part of that area is the islands, so get a boat to take you out there cos the beaches in town are sh*tholes haha
I have lived in Colombia (not a teacher) for 15 years and it has never been dangerous for me. Colombians are the nicest people on the planet. There is no place in the US that is even 1/10th as livable as Medellin so I always knew this would happen. Gentrification is a problem in many latin countries because life is so much better. Mexico City is a prime example. Colombians always want to come to the US because of better paying jobs. Now they don't need to. It's 50 dollars for a really bad Thai massage in MDE and 8 dollars in Thailand or 15 in Istanbul for a great one. You just need to up your skill set to make a lot more money but you may need to move. Although I have homes in Medellin there are much better places to live in Colombia.The tourist need to explore the whole wonderful country and ease up on Medellin but it won't happen as its the best city (year round) in the world.
Thanks for your comment! What other cities do you recommend in Colombia?
Same thing happened in Panama years ago.North Americans and Europeans going to the country to live or buy vacation property and property values skyrocketed.
It's funny how most Latin Americans consider themselves as part of the Western World, yet people in the Anglo sphere definitely don't view things the same way. Apparently their idea of Western world is northern European, Protestant and rich. It looks like being Catholic, having southern European ancestry and speaking Spanish or Portuguese don't qualify as Wstern in their eyes.
Excellent discussion thank you!
Glad you enjoyed it mate!
Excellent video. Hey Gringos stop paying stupid prices, Great advice AK Joel
Thanks brother! I think for a lot of new visitors it's more a lack of education. They just see Poblado in all the UA-cam videos and assume that's the only place to stay and that $1000 for a shoebox studio is a "great deal." 😂
Yes. It would be great if you had someone who you could trust in Colombia. A friend who could help you not to get " Scammed "
Well, as long as you know the true value of the money you spend, you’re not going to get to that point. I’m from Europe and I always make the conversion before paying for anything, some people would just try to take advantage of you so just don’t be stupid
@@AKJoel It is a great deal if a shoebox back home costs $2500!
Good for Colombians finally they are waking up.
Waking up to what exactly ?
Bienvendidos gringos a mi pais Colombia!, hay muchos bellos lugares con una muy buena calidad de vida, buena comida, a precios justos no solo en Medellín sino tambien en toda Colombia: Pereira, Manizales, Armenia, Cali, Bucaramanga, San Gil, Eje cafetero, etc.
Gracias! Tu país es increíble, por eso elijo vivir aquí! 🇨🇴
They have balanced it with tighter immigration and the digital nomad is a win for the government but not for the foreigners. That tax rate is high , I’ll go to 2-3 other countries
Which countries?
The solution is explore other cities in colombia, specially digital nomad can live in other cities that also offer good quality of life, Barranquilla, santa marta and pereira are some of them, Barranquilla and santa marta with a big plus which is the fact of been close to the Caribbean Sea and the Sierra Nevada
True, that's what's great about Colombia. So many awesome places to visit! 🇨🇴❤️
Barranquilla!? No !!! no gringos here thanks they can NOT take the heat and humidity of Barranquilla long term, their morbid obesity and diabetes alarms are ringing non stop sweating like pigs and cant find relief anywhere, 😂 good get your flabby type 2 diabetes ass and gtfo of here go to medellin or bogota so u tough “resilient” americans wont melt into a pool of lard and cholesterol 😂 stay out of my town passport bromos
This globalised world means people should be able to live freely where he/she prefers on the planet as long as value is added to the host country economically, culturally, socially, etc.
Absolutely 💯
that's the problem. As a person who lives and breathes latin culture. As who has assimilated fully to Mexican culture, with a puertorican and african descent family. I can tell you that these mofos never take the time to assimilate ever, and for that reason. I have no sympathy if they end up in a ditch trying to talk down to the wrong person in the country they decided to tour,travel to. It is happening frequently in MX now. I would not be surprised if they run across Sinoloa,South Pacific, or Zetas Cartel and get killed. Mind you cartel business is family business, many women are in cartels.. so disrespecting the wrong woman is a death sentence also.
That's the way it should be. The reality is they start changing the name of the streets and neiborhoods. And try to impose their world view on the locals. The price of food & housing rises. Starbucks opens followed by a Chick-fil-A. And then it's light's out.
@@lks11 lmao as if there isnt a million mexican families in the US that dont speak english and still celebrate all mexican holidays, customs, and still eat all mexican style food.
@Tyler Phipps there's a complete difference, yall are lazy and they aren't in MX(running joke about Cubans and Venezuelans/Colombians being lazy) . They work any job that pays the bills. Welfare in MX what's that ? And they aren't founded on diversity also that's yall acting like a nation of immigrants
I’m Colombian American and I have been traveling to Colombia more of often I considering returning. I love Medellin however, I even stopped going there because of the tourists and sex perverts. Cartagena another city I will not step into because of excessive tourists. They’re plenty of other towns in Colombia that are beautiful. But can be potentially dangerous for foreigners. It may seem cruel. I definitely prefer it, because I don’t want to see the town I reside in overrun by tourists. Unfortunately, Paisas can complain all they want over gentrification. People complained in California, New York and etc but money talks
I’m Mexican American. I have visited Medellin 3 times. Twice I stayed at laureles carrera 70 and once ciudad del río. For me those places are way more affordable also laureles is where the locals party at. Poblado is way to overhyped everything is expensive and Americanized. Envigado,bello,sabaneta ciudad del río are beautiful to get a house,apartment. Avoid poblado at all cost
I agree bro - Provenza area sucks - way too expensive and all the trashy stuff is around there. I've never been to Bello, but the other neighbourhoods you mentioned are awesome!
Just like American cities have been over ran by undocumented migrants? Americans living in South America sounds like the chickens coming home to roost, doesn't it?
@@AKJoel bello is beautiful. I went paintball shooting with some friends. You your check it out
South America is considered the west
Yeah I didn't know what other term to use to differentiate it from the US, Canada, UK, Australia etc. any suggestions?
@@AKJoel maybe developed world vs. developing world, global north vs global south (though that's a bit academic).
@@cablenewsfanatic5634 First world countries and third world countries continue to be widely used terms, although that sounds derogatory to countries with fewer resources because there are economic and cultural differences among underdeveloped countries. For example, Latin America is not so underdeveloped when compared to sub-Saharan Africa.
Except that the money coming in will most likely only help the rats: politicians and lawyers,
Like the guy you were interviewing.
I know a lot of expats who have started foundations in Medellin to help kids in less fortunate areas of the city. They generate tens of thousands of dollars annually to help the local community.
Gentrification happens everywhere. It always creates some tension. It's unavoidable. Take away the foreign money coming into Colombia and what problem does that solve. I ve been to Medellin 5 times in the last year & will be ex-patting very soon. Personally I ve observed no resentments directed at me. Further many Colombian incomes are directly tied to tourism and gentrification
Well said!
@@AKJoelI ll be on medellin next week let's meet for a drink or coffee
Ex patting? you mean being an inmigrant? or thats only for poor people?
It's the locals jacking the prices up which is the true problem.
Are there any good Gyms in Manilla Neighborhood of Medellin ?
Athletic Gym in Manila is the best gym in the whole of Medellin.
If the locals stay honest and not greedy, they will continue make a good living.. and tourism should be something very positive for economy not the other way around..
Exactly, well said! Also foreigners need to understand what a good price is and stop paying double on Airbnb.
AK- would say your estimate is on the low end. Yes, it would be a billion dollars minimum doing 1M *1,000. However for people like you who are actually living there then your spend will be way more than a $1,000 on an annual basis. So you have to have an estimate of about how many digital nomads live there and their average stay. From what i see online the governments plan is to facilitate about 50K or so nomads so assuming they get to that point then those 50K would probably spend lets say $2K on everything a month so total approx $100M a month and about $1.2 billion annualized.
So then you add in the approx $1 billion from the short term stays so that is a easy $2.2 billion injection into the economy. I think the guys who come there for women probably spend more on entertainement at bars, restaurants etc so we are looking at probably 2.5 to 3 billion. The government will collect a good fraction of that in taxes which can be used to improve social services or maybe fund the contstruction of affordable housing.
Yeah you're figures seem much more accurate - either way there's a sh*tload of money being pumped into Colombia from tourists and expats!
Everyone is welcome at our country, but another thing is if they’re going to take the power here, and the Colombian is too territorial, I’m pretty sure than if that happen some guerrilla could born just to be care of what could happen later
Finally someone said that the tourist are dumb. I met in the first days after I arrived Medellin one American guy. He just went to Vacation he told me. I didn't ask him how much he paid for the apartment in Medellin. He told me and said 1,300 USD. I really don't know why Americans feeling worth to tell everyone how much money they made.
Do they not know that inflation has been bad globally? You cant show me 1 place in the world where prices haven't sky rocketed since covid...
I agree
@@AKJoel I have a question for you. I’m considering moving to Columbia or Mexico but I can’t find any videos on raising a young child In Columbia for a expat. Like schooling and things like that. Would you be able to give some insight?
I know there's a few people doing it, but honestly I'm the wrong person to ask mate! I have no knowledge on that topic sorry!
You hear the same complaints about Cuenca, Ecuador as well. . .asi es la vida.
Thinking about Cuenca. I like the fact that the USD is used.
Los colombianos en su mayoria estamos felices de que vengan gringos a aportar a nuestra economía, pero hay algunos politicos socialistas que usan el discurso de la "gentrificación" porque en el fondo quieren más impuestos, quieren participar de las ganancias que obtienen los propietarios lugareños pero sin invertir un solo peso. Este fenomeno de altos precios se atacaría con una mayor oferta inmobiliaria, donde el mercado ajusta los precios por ley de oferta y demanda, pero la excesiva burocracia no van al mismo ritmo de la inversión privada.
Si parc eso es la verdad
Que tiene que ver el socialismo imbécil, yo quiero que se vayan te parece bonito que usen medellín como prostíbulo? Y que te traten como un esclavo en tu propio pais?
Ademas a mas oferta pues seria igual o crees que los nuevos constructores ofrecerian todo a bajo precio sabiendo que tienen miles de gringos dispuestos a pagar en dolares? Haha porfavor
@@antiimbeciles6892 sabes porque las estufas electricas se pusieron costosas en estos días? Porque hubo alta demanda. En el confinamiento fueron los tapabocas los que se pusieron costoso porque la demanda aumentó. Los smartv cuando recien salieron la misma historia. Una vez se dispara para inversión porque mucha gente quiere entrar al negocio entonces se genera mayor oferta, ahí se equilibra el precio. Todo el que tenga ahorros va a querer entrar al negocio de rentas cortas AIRBNB porque los altos ingresos son un incentivo a esa inversión, el problema es la burocracia para dar permisos de construccion, esa burocracia ralentiza la inversión, la construcción y una mayor oferta.
That's unfortunate. Like someone said, it's happening everywhere. I looked Medellin. I looked a Lisbon, Portugal. Yep! The citizens of these countries are getting angry. I guess I don't blame them. I guess also that it's a catch 22 where the governments are concerned because maybe they're trying to get the economy moving, but they're not accounting for these inflated prices. Greed is a great motivator for many.
I like the idea of living in Columbia for one reason, the weather. It's fairly consistent.
Columbia U.K.? England weather is anything but. It's rainy and cold one day and sunny the next.
Why No info about Mateo’s law firm???
Here you go: bit.ly/contactnexolegal
Gringos in Mexico are only US citizens. If you are an Aussie, you're an Aussie in Mexico not a Gringo. In South America, gringos are white color people. It's a color or a race issue not in Mexico. Gringos in Mexico are understood that they can be white, black, Asian and there are gringos of Mexican descent. Yes, we have famous footballers with Mexican parents that were born in the US and we still call them Gringos so it's not a race thing. Also, Mexico is a western country even more than the US, why?
1) Spanish the official language of Mexico is a western language
2) Catholicism is the number one religion is which a western religion
3) The cowboy image, the cowboy hats and even the name Barbecue is of Mexican origin
4) Mexico is in the western hemisphere
5) 10% of the population of Mexico is caucasian, yes blue eyes and blonde and they live in different communities mainly in northern Mexico
6) 70% of the population is a mixed between native people and Spaniards. Therefore by blood most Mexicans are westerners
7) 13% of the population in the US is of African descent and 7% of Asian descent plus other 7% of other races so Mexico is a more of a western society by blood.
Colombia is composed of other races so not so sure if they are Western. Even their native people is of the different race of our native people. But don't believe me do a your research. Mexico's native people are only Mesoamericans. Native people of Colombia belong to a different race.
About gentrification in Mexico City, it's not new. It's been happened since Mexico became highly industrialized and since the country grew at 2.5% per year since the late 80's until 2018 which made mexico the #15th largest economy in the world. But one political decision accelerated this phenomenon in Mexico City in 2018, the back then newly elected Mayor decided that she wasn't going to spend in infrastructure like upgrading and increasing potable water lines, improving sewage network, improving and modifying traffic flows as she redirected funds to the federal gov so she cancelled more than 250 high rise buildings and other projects with the excuse that the services/infrastructure needed for those projects wasn't there.
She even stopped projects already under construction so these project owners' sued the city and obviously they won their cases by then the whole developer/construction community was quite restricted so most of them went into the gentrification business instead of constructing new building that would've added thousands and thousands of new units with minimum displacement of long time residence. So the problem in Mexico city had already begun even before the pandemic. The digital nomads manly UA-camrs got to Mexico City and they started to point out the situation but they didn't cause it. These digital nomads or temp residents think that they are the center of the universe but in Mexico City we don't pay attention.
Also in the case of Mexico, Mexico is part of North America. The US took half of the Mexican territory so many people with Mexican heritage stayed in that territory when it was taken and millions still live in there so if millions of US citizen live in Mexico we don't have a problem with that. Very different story to colombia
Vancouver B.C Canada, 2 bdr aptment is 3200. 00 cad per month !
😲😲😲
It’s funny how people understand supply and demand when it comes to housing but with labor they put their political blinders on and always deny it.
a thoughtful and well balanced interview - good job
Thanks for watching!
Foreigners are not raising prices, local real estate owners are.
Gentrification is good for those who are already wealthy. Those are the people who gain the most because they own the most and set the prices. He mentioned 5 or 6 neighborhoods being affected but how many people inhabit those neighborhoods? Not to mention locals have to compete against a more valuable currency, so it’s very understandable why the locals are upset.
It also helps the poorest of people who struggle to find employment - I'm sure a lot of people working in tourism and hospitality are very happy about the influx of tourists into their city.
@@AKJoel tourism helps when tourists actually leave. If you get an influx of wealthier people who stay long term, the prices of everything rise and the influx of people usually creates a need for expansion of housing which typically spreads into poorer neighborhoods where real estate is the cheapest. This happens all over the U.S. Happened to my old neighborhood.
LOL I knew it would happen eventually. What these mostly millennials don't understand is compared to other countries, Colombians will actually tell you how they feel. And you know what because of the mentalities, it won't stop until something drastic happens...LOL. I'm fortunate that I actually learned Spanish and my wife is Colombian and I have in-laws there and can easily go places that are great, affordable and away from the big tourist pockets.
El "problema" ya se venía presentando, ya que las construcciones se hacen en las partes más estrategicas de la ciudad, por lo que los mejores barrios se estaban volviendo más costosos aún.
I don’t know the proper name for it but especially the student housing could be gringo tax on the property and added to a student housing fund
I too can't afford to live within 50 miles of my home town. Get over it, whiners. Find a way to make money off the rich people coming into town, sell your property for a huge price and move to a cheaper area, or just leave. Cool places are always going to attract people, and rising prices follow that. Always. You don't have the right to live wherever you want, you have to earn it.
I'm not sure where you're from but look at Brooklyn - perfect example.
@@AKJoel I'm from Aspen, the ultimate rich person, locals-step-aside destination, haha. Most of the people who settled there a long time ago became multimillionaires and moved away. The working class there is nearly 100% latino now and comes in on buses from 50+ miles away every day. It's an interesting study on what happens to a place when rich people suddenly decide it's cool. I'm thankful for the time I was able to have there, and I know plenty who are quite thankful the rich people flocked there. My ex's family, for example, bought a property in the 70's for $250k that's worth over $20 million last I heard. 2 of their 3 kids live at home and work as ski patrollers still in their 40's! :)
The locals are not the reasons price are rising. Blame the greedy people who are raising the price.
100% correct but are they really greedy? They're just witty business people who are getting the maximum value for their property. It's the idiot gringos overpaying who need to get smarter.
It comes down to government, they aren't providing a stable economy for the people. I travel to Colombia to get 4x the value on the New Zealand dollar, why would I spend money in my own failed economy when I can enjoy life much more abroad?
I'm from Melbourne and that's one of the biggest reasons I live in Colombia
@@AKJoel I should be over there too earning an even better currency, cheers for the video
Good info!
Glad ya enjoyed it mate!
I have been traveling here for 4 years now, and I am completely accepted by the beautiful people of Colombia with hugs 🫂 and kisses! Thanks parceros! 🎉 Que mas pues, bien o que?
Wait until nomads find out about manizales, as cool as Medellin but safer and smaller
Haha come on bro "as cool as Medellin" - you gotta be kidding me!
manizales is amazing. one of the best city views I've ever seen
Good job Joel. 👏
Cheers JP!