HOW DIGITAL NOMADS ARE RUINING CAPE TOWN FOR EVERYONE!

Описание: Millennial Cape Townians are under siege, they are under siege from Global travellers called Digital nomads, I’m sure you’ve started to hear a lot more about this, but this lovely bunch of travellers are basically long term tourists that stay for 90+ days to about 36 months as per the new regulations.

They come from much wealthier west nations and even Australians (I bumped into a few here). This should be a good thing right, they’re bringing foreign stronger currencies here to Cape Town and SA? This should be good, well not so much. See the thing is that there are knock on effects to digital nomads being here, some good for businesses industries that cater to them but not so much for the native cape townians or people of which ever global south city that they choose to bless and or burden.

So in this video I’m going to try and break down the numbers, political and socio-economic factors that are fuelling the digital nomad situation in cape town and many other currency arbitrage cities around the world. Cities that offer great a 5-star lifestyle on a 3-star budget” but let me be clear, this is a 3-star budget by Western standards.

And to top it all off I’m going to introduce you to Cape Town’s Property Industrial Complex, very similar to the US’s military industrial complex, wit less explosions, somewhat but I’ll explain that a little bit later.

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