I’m from a country considered third-world and a common vacation spot for foreigners. One of our islands have a lot of foreigners even living there long-term. I see a lot of posts online complaining on behalf of the locals living there and saying this is such a bad thing.
Currently, I fail to see how this is bad but I’m scared to asks on other social media platforms and be seen as having colonial mentality or something.
In: Economics
I live on the island of Samui, Thailand. Gentrification is happening here… *rapidly*.
Generally, gentrification means better housing, better infrastructure, reduced crime, etc… but also higher prices. The locals get to charge more for services here, so they benefit.
However, locals are also paying more for everything themselves. If they own land/housing, they’ll probably benefit, but the lower-end people will probably be pushed out, to be replaced by richer people.
Gentrification isn’t innately bad and is part of progress generally, but it can hurt/displace the poorest people in that area.
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