| > Laureles is not a middle-class neighborhood. How would you classify it? I mean it's definitely not upscale as the article claims in the very beginning but it surely is one of the more decent neighborhoods. I guess it depends on one's definition of "middle class". > Insinuating that the “gringo price” for an apartment is what a local (or even a gringo who can speak Spanish) will pay is dishonest. Agreed, there is a gap in the causality chain here. Lots of places in the world have "special" prices for visitors but it doesn't automatically mean those prices will impact inflation from the point of view of locals. Getting back to the article, > A one-bedroom in Medellín now rents for the “gringo price” of about $1,300 a month, in a country where the median monthly income is $300. they are really comparing apples and oranges here. A gringo tourist might pay $1,300 for a fancy apartment in a high rise in one of those upscale gated communities in Poblado. But 1) this price still includes a gringo surcharge, 2) most locals (i.e. the ones with the $300 income) don't live in such apartments, and 3) the few locals that do live in such apartments have a considerably higher monthly income. |