Citizens protest gentrification and housing inequality in Mexico City

[Judi Lynn]

The crowd gathered outside the Ministry of Urban Development and Housing, holding signs like this one: "less housing to invest in, more housing to live in". GATITOS CONTRA LA DESIGUALDAD TWITTER

The activists argue that stricter regulation should apply to Airbnb and similar companies
Published on Friday, November 18, 2022


“Housing is a right not an investment” and “No more gentrification or there will be a revolution” were among the battle cries of protesters who gathered outside the Mexico City Ministry of Urban Development and Housing (Seduvi) on Thursday.

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“We see people here who were displaced before the pandemic, people from precarious settlements, indigenous people from Mexico City [who don’t have adequate housing],” she said.

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For years people have been made to believe that their inability or difficulty to find and afford adequate housing is their own fault, he said, reading from a document submitted to Seduvi. “But the reality is that Mexico City is experiencing a financialization of housing. For large companies, supported by the authorities, housing is no longer important as a place to live but as a financial asset,” Jaramillo said.

In the same document, activists claimed that 99% of revenue generated by rental properties goes to the richest 10% of the population, who are earning “historic profits” while less well-off residents are being forcibly evicted from their homes.

More:
https://mexiconewsdaily.com/news/citizens-protest-gentrification-and-housing-inequality-in-mexico-city/