Sudetenland Tales by Edward Drobinski - HTML preview
Download the book in PDF, ePub, Kindle for a complete version.
Sudetenland Tales
Page 567
Generational renewal of the inhabitants
Another factor linked to the increase in the price of housing in neighborhoods such as Roma and Condesa is the renewal of the inhabitants due to a generational change, which is not related to gentrification.
González Lloyde explains that these owners have a particular profile, being heirs of the properties, children of parents who gave them professional studies and the possibility of accessing a better socioeconomic position, with new customs that permeate the coexistence of the neighborhood.
There are also property owners who choose to renovate the spaces to rent them at high prices, since the real estate market participates in the production of housing in the absence of official systems to regulate land.
"If you own a well located property and the market allows you to sell it or develop it for a private market, you will try to get the greatest benefit. That is private property and the rules of the market when it is not regulated," said the specialist.
Gentrification is not exclusive to large cities
Gentrification, however, is not exclusive to large Mexican cities. After the pandemic, in the municipality of Tepoztlán, in