Where will residents go when the real estate market soars, making homes unaffordable, and Airbnbs drive residents out of their neighborhoods? A monetary infusion could help the island get out of debt, but at what cost and sacrifice? Should there be a moratorium on investors purchasing real estate?
In the aftermath of natural disasters, greed and capitalism empower affluent elites to
exploit and overrun these areas, which are especially prone to land grabs and other disasters. These villages and their residents have very little in the way of assistance,
readily available to them.
In contrast, Governor Pedro Pierluisi, has provided tax breaks to wealthy investors and capitalists, but native-born Puerto Ricans are not eligible for these perks. Rather, Puerto Ricans have been sacrificed and exploited, and the governor, as well as the US federal government, have encouraged and supported the subjugation of the people and the territory for economic gain.
Where will residents go when the real estate market soars, making homes unaffordable, and Airbnbs drive residents out of their neighborhoods? A monetary infusion could help the island get out of debt, but at what cost and sacrifice? Should there be a moratorium on investors purchasing real estate?
While these land grabs originated in urban areas such as the capital city of San Juan, Rincón, and Dorado, they have already moved to rural areas, displacing residents in these remote, isolated areas as well.