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

The influx of wealth from elsewhere makes prices go up, *but not also wages*, and replaces a lot of the community essentials with much fancier but more specialized stores, leading to the community that was in an area getting pushed out because they simply can’t afford to live in their homes or buy food in their own area anymore.

The people moving in can afford the new prices and/or to travel further for their necessities, the community that was already there generally can’t and has their conditions in general get worse.

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