Recent content by RinderHerts

The mortgages that acquaintances have secured here are typically short-term, lasting five years or less. They come with variable interest rates tied to the government peso and require collateral equal to or exceeding the loan amount. Essentially, they bear resemblance to what's commonly known as...

To say the least, this article leaves out a lot of important facts. It basically decided its ideological destination, and then omitted anything that didnt get it there. The "conquest of the desert", for example, was, far from being "liberal" and "free market", genocide against the indigneous...

Menem privatized a huge swath of government owned industries over 30 years ago. IF, and its a big IF, the policies of the military dictatorship, with its over 40 military owned companies, as well as the government owned utilities, mineral, and petroleum industries were actually "left wing", then...

I still want to know why so many immigrants from other South American countries, and from the USA, come to Argentina and start businesses, if its worse than anyplace but the worst country in Africa? My original objection was to the phrase "Here, if you produce goods and services that the market...

Trump has 40 years of mayhem- 20 odd accusations of sexual predatory behavior, Literally thousands of lawsuits, mostly for non-payment or outright fraud, Billions in bankruptcies, Endless legal issues going back to the original 1973 lawsuits by the Department of Justice, and then the multiple...

He is a loon. An entitled man-child. And there is a lot of unexplored baggage in his past. Where did the money come from to pay for 3 private university degrees, if his father was a "bus driver"? A dead giveaway for trouble is his constant need to discuss his penis- it comes up in a lot of his...

A “tariff” in english, is an import or export tax. Those are just plain ols price increases, mostly by private companies.

They are constantly changing the requirements, for no apparent reason, and without warning. So if you want predictability, you may not be happy. I always tell people- move to Argentina if you love Argentina. Not because you heard it was cheap. Sometimes its cheap, sometimes its not. It has a lot...

Sellers can sit on homes pretty much indefinitely because, again, no 30 year mortgages. If you own the property free and clear, then its just utilities and taxes. And, comparatively speaking, the overhead cost of a $300,000 apartment here is a tiny fraction of the carrying costs of a similar...

The economics of the argentine real estate market are not comparable to the USA. A few major points of difference- The Argentine economy has been, historically, much more fragile, going back to the Baring Bank Crisis of the 1890s. In all that time, the ONE reliable shelter for assets and value...

While "third world" is pretty meaningless, I spend about 6 months north and 6 months south, and I would say that in many ways, Buenos Aires is more civilized, easier to live in with less money, and safer. The US right now is a war zone on so many levels, and the inflation is officially...

"escrow" as known in other countries doesnt really exist. you hire an escribano, he writes up the offer and the details. the seller may negotiate, but eventually, you agree on details. then you meet in neutral territory- we have done it in a bank, and in the colegio de escribanos more recently...

Money wired to your account by, say, western union, will usually be just a bit below the blue rate. Much better than official. I have found that post pandemia, its a lot harder to do many things without a DNI, even with a real bank account. I have had a Banco Nacion basic account for over 10...

Many US retirees get their SS checks deposited monthly in their argentine bank accounts in pesos. Its very difficult to live in Argentina without a bank account, and a DNI, so "being in the system" is kinda a necessity. You will then be able to put your various monthly payments on autopay from...

This is a pretty simplistic article. first, everybody I know in Argentina uses their bank every day, and pay for everything from a coke at the kiosko to their utility bill by transfering money direct from their bank account. So its not exactly they dont "trust" the bank. Its that the peso is not...