The earthquake that struck central Mexico on September 19, 2017 killed over 350 people and caused extensive damage to the capital city and surrounding areas. Many more people were injured and even more now must face the loss of their homes or businesses. As survivors of this event, Mexico Business Blog grieves for our friends, neighbors, colleagues and all those whose lives have been so brutally disrupted. The details and descriptions of the earthquake itself have been reported comprehensively elsewhere, so in this post we would like to present some observations from our own experience and address the future of our community in the near to medium term. Continue reading What will happen to Roma and Condesa?
Disclaimer: The topic of this post is the growth of Airbnb in Mexico City and its impact on the demographics of the city’s central zone. The conclusions presented here are drawn not from rigorous data analysis but rather from wild speculation based on our trips back and forth to the market and grocery store in the Colonia Roma neighborhood.
We have been dragging our ratty plastic market bag back and forth to Medellín market in Mexico City’s Colonia Roma for weekly food shopping since as far back as we can remember, which due to youthful excess only goes back to about the 1990s at this point. Outside of the recent boom in apartment building construction, the landscape didn’t change much over time, especially in the market: a demo heavily weighted toward middle aged neighborhood Janes kvetching about the skyrocketing price of chilacayote and what have you. But about three years or so ago, we began to notice an uptick in the number of young women of foreign appearance, many with yellow ponytails, along our customary route and in the market itself. The uptick has now turned into a veritable tsunami of foreign visitors in their early 20s, to the point where it seems unusual to hear Spanish spoken at the Sumesa grocery store on Av. Yucatán. What happened? Continue reading Airbnb growing like SCOBY in Mexico City
After weeks of relentless rain, tragic destruction from hurricanes Manuel and Ingrid, and disappointing news on the economy, Mexico got something of a morale boost recently with two high profile stories in the New York Times. The first piece, titled “For Migrants, New Land of Opportunity Is Mexico,” describes a trend of rising immigration into Mexico by foreigners seeking – and finding – greater opportunity in Latin America’s second largest economy. The second story, “Mexico’s New Arrivals Mix Praise and Criticism,” tempers the rah-rah with some hand wringing from foreign retirees about crime and poverty, but still keeps it upbeat overall. Most importantly for us, both stories give ink to Guadalajara app development stars Agave Lab, whom we lurve.
By nature of being consecrated by the New York Times, the rise in immigration in Mexico has now been certified as a trend, and this is one trend that we welcome. Continue reading Immigration boom in Mexico creates buzz