alt Hacker NewsAs I understand it, these attempts to use digital nomad money to revive impoverished areas tend to become controversial when the impoverished locals realise what it means to compete with (from their perspective) extremely wealthy blow-ins. Maybe in particular circumstances it can work, like if the locals actually get most or all of the money spent by the newcomers (rather than going into the pockets of absentee landlords or large corporations).
The article opens by noting fears about Spain's "vibrant culture" dying out. Needless to say, this won't help with that problem and may well accelerate it, unless Spanish culture is coding workshops and padel (per the article).
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> when the impoverished locals realise what it means to compete with (from their perspective) extremely wealthy blow-ins
It's also more socially acceptable to complain about this stuff when the newcomers are seen as wealthy. We saw this in Canada when Chinese nationals started buying up houses in Canada. To the point the government started limiting foreign ownership of residential real estate.
https://www.cmhc-schl.gc.ca/professionals/housing-markets-da...
> As I understand it, these attempts to use digital nomad money to revive impoverished areas tend to become controversial when the impoverished locals realise what it means to compete with (from their perspective) extremely wealthy blow-ins.
I don’t see it like this, it may as well be that digital nomads are bringing much needed cashflow to the local community; of course this phenomenon should be monitored but digital nomads are so few that they can’t have a meaningful impact in sectors like housing or good prices.
Yeah, Build The Wall rhetoric is pretty popular worldwide. While most associated with Trump, it’s a general view that people demand their neighbours be blood-and-soil compatriots. Immigration is generally seen as a threat to the local populace.
In Cuenca, EC you have a lot of retirees and a few digital nomads. Most people don’t make a big move to spend more money than they would in their home country. So they frequent all of the same small local businesses and markets as the locals. No one learns Spanish so some money funnels into interpreters and facilitators. I ended up spending a lot of money on restaurants started by immigrants because I don’t like Ecuadorian cuisine that much. All of this to say that the money is distributed more than one might think.
> (from their perspective) extremely wealthy blow-ins
I’ve had some friends do the digital nomad lifestyle. One thing that stood out to me was how many of them were not really doing that well financially. The stereotype is someone with a $100K per year job living like a king in a place where the median wages are 1/10th of that
Most of the people in their digital nomad groups were actually not full-time employed. They were trying to do contract work and then stretching out their earnings between jobs so they could travel. Living in these cheap locations was almost required to allow them to work the way they wanted.
There were people who were lucky enough to have the six figure remote jobs at companies that were okay with them not being available during normal business hours. Those jobs were at high risk of getting cut at the next economic down cycle.
It reminded me of how much the indie hacker scene all fantasizes about being like the levels.io guy making crazy money selling simple services to his giant follower list, but most of them can barely get a couple dozen sales for their SaaS if they’re lucky. Everyone thinks of levels.io, but few people think of the long tail of people making less than they’d get at any full time job.