CNN Video on Digital Nomads Moving to CDMX

I think these journalists underestimate the positive financial impact that the expats bring to Mexico. The expats in and around lake Chapala bring well over $150,000,000 USD into this area each and every year. I can't imagine how many billions of dollars all the expats bring into Mexico each year.

Unfortunately this "anti foreigner" sentiment is being fueled by the very top. 2024 can't come fast enough.

Yeah, gentrification happens all over the world in any place that is desirable. Just look at Vancouver and Toronto as examples. It's a fact of life........supply and demand.

$150 million yearly.... WOW. Bob, generally what makes up that amount annually?

RickS wrote:$150 million yearly.... WOW.  Bob, generally what makes up that amount annually?

$10k/yr x 15k expats will get you there

CanuckBob wrote:Yeah, gentrification happens all over the world in any place that is desirable. Just look at Vancouver and Toronto as examples. It's a fact of life........supply and demand.

But the US's treatment of Mexican immigrants (both legal and illegal) has to be a factor.  

We all know locals who went Norte to work and support their family down here, or to build a nest egg that would have been impossible for them here.  Those who went illegally were badly exploited -- paid well below what Americans were paid for the same work, threatened with deportation if they complained about pay or working or safety conditions.  

As far as day-to-day living, even Mexicans there legally were probably not greeted by the local Welcome Wagon when they moved into a US neighborhood.  

Many Mexicans have either experienced discrimination at the hands of Americans or they have very close family members who did...and perhaps still do.  

So having a bunch of entitled US Millennials show up in their Mexican neighborhood dripping wads of cash and forcing Mexicans out of what had been affordable housing, has to sting.  I can understand their resentment.

dixonge wrote:

RickS wrote:$150 million yearly.... WOW.  Bob, generally what makes up that amount annually?

$10k/yr x 15k expats will get you there

Yes and I believe it is a lot more. I didn't even factor in the one time real estate purchase capital that gets spent here every year. While Ajijic may be artificially inflated the rest of the region still has affordable housing in line with Guadalajara prices.

The average price of a condo in Guadalajara was 190K USD a few years ago. I imagine it is higher now. The desirable neighborhoods there are also expensive.

Buy Apartment Price from Numbeo

Guadalajara vs Ajijic

Price per Square Meter to Buy Apartment in City Centre 27,592.00 MXN vs 18,529.85 MXN     -32.84 %
Price per Square Meter to Buy Apartment Outside of Centre 16,400.00 MXN vs 17,182.64 MXN     +4.77 %

Guadalajara Centro is 32% higher than Ajijic Centro for RE prices however rents are definitely higher in Ajijic.......

dixonge wrote:Well, they let me make an appointment using the curp from my card, so I guess I will find out Monday

Apparently this problem with RFC's for temp residents is only a problem at PV SAT offices. They are telling them to go to Guadalajara SAT office for now.

https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Fvallartarealestateguide.com%2Fsat-requires-expatriates-in-mexico-to-obtain-an-rfc%2F&data=05%7C01%7C%7Cef4c73829de248a679bd08da844fe5c3%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637967775935701320%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=IyaKB7dIpLOzGRfnxyBBn%2Bxw9RPXWyLofxqdiXsDz9A%3D&reserved=0

mudgirl wrote:

dixonge wrote:

mudgirl wrote:Something else interesting that Mexico has recently done- up until now, a temporary resident could get an RFC number. They have just kiboshed that.

So all the people reporting that they went to SAT in Guadalajara and got their RFC with just a residente temporale card are ... making it up?

The info that temp residents won't be eligible for RFCs was very recent- I think I read that only a week and a half ago.

And like many Mex. govt. things, it may have been a very ill-thought out idea that they will end up backtracking on, like saying everyone needed the RFC and Constancia by June 30.

We both received RFC’s and Constancias today. My Temporale status was not a factor at all.

Yes, as posted above it was only a problem in some of the remote SAT offices.

And then there is this.

https://mexiconewsdaily.com/news/cdmx-partners-with-airbnb-unesco-to-promote-the-capital-as-a-hub-for-remote-workers/?utm_source=MND%20mail&utm_medium=email&utm_campaign=MNT&pnespid=u_N4CS0Za.9Gxv6e.2yoFMORtAuyCYRuPPq6z.N08hZmbSB24yABZGCc1l4c0N6SiznNQG.M7g

CanuckBob wrote:And then there is this.

https://mexiconewsdaily.com/news/cdmx-partners-with-airbnb-unesco-to-promote-the-capital-as-a-hub-for-remote-workers/?utm_source=MND%20mail&utm_medium=email&utm_campaign=MNT&pnespid=u_N4CS0Za.9Gxv6e.2yoFMORtAuyCYRuPPq6z.N08hZmbSB24yABZGCc1l4c0N6SiznNQG.M7g

They (CDMX Gobierno) might be sorry for what they wish for!

Another poorly thought out AMLO program. If anyone has followed the digital nomads impacts in so many places - you can't help but sppreciate those countries who thought things out and came up with special visas or permits to maintain some control!

But not Mexico! Just enter on a FMM, disappear into the woodwork without paying into the system. It is a well accepted FACT that many of these folks DO NOT even attempt to stay legal with their FMM'S!

Protest in CDMX on Thursday against rising rents and the city's agreement with AirBnb to encourage more digital nomads.  Local residents are experiencing higher rents and expenses and lay the blame on influx of foreigners.

Protests in Mexico City

In Mexico City’s historic center, investors have bought up entire buildings to turn them into short term accommodation and forcibly evicted residents, one activist told the news website Animal Politico.

“… What we’re seeing are the cracks of a housing policy in Mexico that is in reality a real estate policy,” she said, claiming that the interests of real estate developers and investors take precedent over those of regular Mexicans who need a place to live.

Escoffié stressed at the conclusion of the protest that the fight for accessible, affordable housing and against current housing policies and authorities’ allegedly favorable treatment of companies such as Airbnb will go on.

“Let it be clear to the authorities that we’re going to continue … [fighting] until they stop fucking up the city. Mexico City isn’t a mall, Mexico City isn’t a hotel, Mexico City is … [people’s] home,” she said.

It's not about anti-globalization. It's about playing by the rules. "Appreciate and Assimilate".