#gentrification
Issues, solutions, and case studies for gentrification
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Issues 1
#00015Digital nomads and short-term rentals are pricing locals out of Cape Town's central neighbourhoods
Remote workers on South Africa's nomad visa pay R25,000 to R30,000 a month for one-bed flats against a local median wage near R5,500, while short-term rentals absorb central stock. Residents of Bo-Kaap, Woodstock and Salt River face a second, market-driven wave of displacement.
Cape Town, South Africacity