Economy
How digital nomads pushed Medellín rents up 40%
HERE’S THE INTERESTING PART
Geographic wage arbitrage by Western tech workers is radically restructuring emerging market real estate. By earning in dollars and spending in pesos, digital nomads flocking to neighborhoods like El Poblado in Colombia have driven up rent prices by over forty percent in a single year, pricing out local professionals and forcing a dramatic shift in the urban service economy.
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