Why is gentrification bad?

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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

19 Answers

Anonymous 0 Comments

I live in Saint Petersburg, one of the most popular tourist destinations of Russia. Extremely popular among chinese tourists before COVID. And I happened to study and work in the historical city center — the most popular place for tourists. That means:

1) I could not find a decent apartment near my job/uni for a fair price, let alone in high season — all is reserved for tourists;

2) I could not by a car (bike is not an option cause weather) — overcrowded streets lead to traffic jams (1-2 hours to drive Nevsky Prospekt that is 5 miles long) and no parking spaces:

3) I could not even find a shop to buy lunch — all the cafes and restaurants work for tourists.

And taxes do not give any significant return from all of this.

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