Milei is not a Libertarian anymore. I think that ship has long since sailed. Government is screwed now intervening so much. It looks like the IMF package is in jeopardy now. That was probably the main sticking point with them. Now with the condition about China I think maybe Trump really...
It would be silly to keep more than a small amount of money in a dollar account. Will be interesting to see how the gross reserves from people that deposited Dollars is up until the election. Probably will keep going down.
Sounds like $20 Billion is coming which would be great.
https://www.bloomberglinea.com/latinoamerica/argentina/banco-suizo-preve-que-el-fmi-prestara-a-argentina-hasta-us20000-millones-en-nuevo-programa/
But @Larry you keep saying that Buenos Aires is more expensive than the USA. Have you ever lived in the USA? I don't believe so based on your posts. Some things might be more than the USA but overall Buenos Aires is much cheaper than the USA. Rentals don't even come close. Rents are cheap in...
Wow! That is a long time for power to be off. I remember one year it was like that and kept going off. Frustrating when it is so hot and humid out. Is it just power overload from everyone using AC?
People underestimate how expensive the US is. My Argentine friends imagine the US as this utopia where everyone is making hundreds of thousands per year and life is easy. That is far from the case. Our salaries might be higher but our expenses are much higher too.
@Cali Baby makes great points...
This was one of the things that you recommended so many years ago that was helpful for me when I was buying my places in Buenos Aires. After seeing so many properties, you lost track of it all. Both the spreadsheet and Google map was great.
I actually prefer that properties are all cash in...
I bought two properties with Mike. One I kept and didn't sell and will never sell. The other I sold when he did. Probably should have bought another last year but I am glad I have a place in Buenos Aires. Your place turned out great Mike.
Great job on the apartment @Johnny.
$85/month is extremely good. Mine jumped up quite a bit last year but they have now stabilized. Not having a live in doorman really helps contain expenses. That was a smart decision. More and more buildings are trying to get rid of the live in doormen as...
It will be interesting to see if Milei is able to get Trump to change his mind before they go into effect.
https://www.batimes.com.ar/news/opinion-and-analysis/trade-war-puts-mileis-trump-first-foreign-policy-to-the-test.phtml
Very true. Unfortunately. I do think it is getting better. When I first bought my apartment no one picked up but now I do occasionally see Porteños picking up but I still see a lot that don't care.
I heard the same and it is difficult to find out who really owns it because of trusts and secretive LLCs that won't go in her name but maybe her lawyers.
It is hard to believe how people think that price controls will work. Milei getting rid of the rent controls is proof positive that things can easily be solved by getting rid of laws and policies that don't make sense. The amount of apartments skyrocketed again as soon as that law was abandoned...