[Epoch Times] Mexico has seen a rapid increase in the number of Americans choosing to live in the country since the pandemic started a new trend of remote work.Nearly 1.6 million Americans live in Mexico, according to the U.S. State Department. Many of them are digital nomads and have chosen destinations like Mexico City, Guadalajara, Puerto Vallarta, and Mazatlan to call home. The reason is simple: it’s much cheaper to live there than in the United States.
One would imagine the influx of Americans migrating to Mexico with more buying power would be a boon for the economy, especially as the dollar remains strong against the peso. But for some Mexicans, that boon is a nightmare.
"Yanqui go home!"
"It’s not as simple as spending your money here is good for the economy," says Carriane Garcia, a Mexico City native. "Foreigners drive up prices, and certain neighborhoods are basically catering to them instead of the locals. It’s definitely a problem."