There's a saying "not wanting something is as good as having it" but should more aptly be "not wanting something is better than having it" No stress of maintaining it, nor worries of losing it, whatever it is.
Made me think of this skit. People confusing debt with wealth and no time to enjoy it.
Very true. Everyone in Latin America thinks it is so easy in the USA and that everyone is making tons of $$$$. Many of my friends are driving around in luxury cars, living in nice places but when you do a deeper dive, they have $2,000 monthly car payments over 7 years, they are renting and don't own, they have college loans and tons of credit card debt.
My friends that live in Miami are exactly like this! They are all driving cars they can't afford and renting apartments that are nice but have 2 or 3 roommates. Nothing wrong with roommates but they are more concerned about what building they live in.
Are you nuts? Poverty rates are at a 20 year high. Which Argentina are you living in?
it's not that different from anywhere else in the world. i've been to 50 countries and there are always discount restaurants/stores, and touristy places where you can spend a ton of Dollars. i documented many affordable meals in CABA the 3 months i was there, in Villa Crespo, Monserrat, Palermo Chico, and Belgrano...of course if you want to live cheap, you buy beef and cook/grill at home. eating out is always more expensive, and eating out in Palermo SoHo is of course the craziest
it's much better now! when were you in Argentina, early 2024? i just got a 4-pack of economy toilet paper for 900 Pesos each (20 cents USD per roll). there are expensive brands that you can pay $5 USD for a pack, especially if you shop at the closest store to an upscale building/area. i've been enjoying home delivery once a week from Jumbo/etc. for getting screaming deals on certain days!
yeah, but mostly just because the majority of first-time tourists are told (me included) to stay in Palermo, so prices are ALWAYS higher. but once you have a month under your belt, it's easy to walk around and notice that prices are much cheaper away from the rich folk. the same thing happens in the USA, where grocery stores like Whole Foods charge 4x for the same product in a normal neighborhood's shopping center (Kroger, etc.) - i used to watch my roommate buy $6 gallons of Organic milk from Sprout's/WholeFoods while i went a mile away and bought a gallon of regular Kroger whole milk for $1.99 USD. it's just a matter of applying that same scrutiny when you're traveling or living as an Expat 🙂 most people buy things at the closest Kiosk and pay $2 USD for a can of beer that you can get on sale for 500 Pesos (40 cents USD) a block away.
i heard a good way to describe wealth: if your money flow stopped today, how long would you be able to sustain your lifestyle? days, weeks, months? i could live in Argentina for 2 years with the 40k i brought for my Rentier residency, easily. probably more once i have a DNI and am more settled in Mendoza. infinitely, once i buy a house/apartment with crypto (renting a couple rooms out would pay all my bills, most likely, and i'd never have to work a 'real' job again).
i suspect the amount of supply is affecting the perception of less rentals - remember we just this year had the Rental Law restrictions repealed, so apartments sitting empty probably have been returned to Airbnb, so overall landlords have to compete more, and travelers have more options and better prices:
have you checked with the commies, like Larry and the usual suspects? (i haven't seen Avocado or CheVos in a while, but they usually float over every now and then to spew their tribal propaganda) - actually, the Noquis and others explicitly say that it is evil Milei that caused everything. maybe check with your local peronistas and get back to me? and they always cite something as record-high to 'prove' it
oh yeah, @Vero here ya go! you guys can chat about it if you want. dumb-dumb-Larry is clearly saying that poverty levels are all-time-high right now, and wanna take a bet what his beliefs are regarding why?
www.batimes.com.ar
sure. the loud minority are, though. and all they care about is screaming about how Milei is evil...because their remote-work paychecks turned off. sucks to meet reality, but it was inevitable. "Many people are struggling in _________" - this is true about any city in every part of the world. so what? how many of them are druggies? how many are lazy and prefer to be transients? these appeals to emotion don't work on me, and they're not good for any country to entertain. 95% of people who want free sh*t are physically able to get a job instead of walking around selling trash bags or socks. sorry, tough love is necessary sometimes. otherwise people end up having Learned Helplessness and dependency on the government
It's true that so much of the economy is in black. It is very difficult to put much faith on any official statistics here in Argentina because of the black/grey economy. I always take any articles with a grain of salt because of this black under the table economy.it's not that different from anywhere else in the world. i've been to 50 countries and there are always discount restaurants/stores, and touristy places where you can spend a ton of Dollars. i documented many affordable meals in CABA the 3 months i was there, in Villa Crespo, Monserrat, Palermo Chico, and Belgrano...of course if you want to live cheap, you buy beef and cook/grill at home. eating out is always more expensive, and eating out in Palermo SoHo is of course the craziest
it's much better now! when were you in Argentina, early 2024? i just got a 4-pack of economy toilet paper for 900 Pesos each (20 cents USD per roll). there are expensive brands that you can pay $5 USD for a pack, especially if you shop at the closest store to an upscale building/area. i've been enjoying home delivery once a week from Jumbo/etc. for getting screaming deals on certain days!
yeah, but mostly just because the majority of first-time tourists are told (me included) to stay in Palermo, so prices are ALWAYS higher. but once you have a month under your belt, it's easy to walk around and notice that prices are much cheaper away from the rich folk. the same thing happens in the USA, where grocery stores like Whole Foods charge 4x for the same product in a normal neighborhood's shopping center (Kroger, etc.) - i used to watch my roommate buy $6 gallons of Organic milk from Sprout's/WholeFoods while i went a mile away and bought a gallon of regular Kroger whole milk for $1.99 USD. it's just a matter of applying that same scrutiny when you're traveling or living as an Expat 🙂 most people buy things at the closest Kiosk and pay $2 USD for a can of beer that you can get on sale for 500 Pesos (40 cents USD) a block away.
agreed, Argentina is super safe, and Mendoza is EXTREMELY safe and clean on the main trendy street Aristides. i saw a few shady druggies in CABA, but never in Mendoza. Cordoba has a downtown with some beggars that i didn't like, but overall it felt a little safer than BsAs. we have to remember that most of the Peronists are in BsAs, and it's like judging the USA on New York City problems.
i heard a good way to describe wealth: if your money flow stopped today, how long would you be able to sustain your lifestyle? days, weeks, months? i could live in Argentina for 2 years with the 40k i brought for my Rentier residency, easily. probably more once i have a DNI and am more settled in Mendoza. infinitely, once i buy a house/apartment with crypto (renting a couple rooms out would pay all my bills, most likely, and i'd never have to work a 'real' job again).
i suspect the amount of supply is affecting the perception of less rentals - remember we just this year had the Rental Law restrictions repealed, so apartments sitting empty probably have been returned to Airbnb, so overall landlords have to compete more, and travelers have more options and better prices:
have you checked with the commies, like Larry and the usual suspects? (i haven't seen Avocado or CheVos in a while, but they usually float over every now and then to spew their tribal propaganda) - actually, the Noquis and others explicitly say that it is evil Milei that caused everything. maybe check with your local peronistas and get back to me? and they always cite something as record-high to 'prove' it
oh yeah, @Vero here ya go! you guys can chat about it if you want. dumb-dumb-Larry is clearly saying that poverty levels are all-time-high right now, and wanna take a bet what his beliefs are regarding why?
just like in the USA, if you seek-out one side's propaganda newspapers, you can find a 'journalist' saying what you want to hear. in the case of the FearPorn here:
"Argentina’s poverty rate almost 52%, university study finds"
Argentina’s poverty rate almost 52%, university study finds - Buenos Aires Herald
The report states that approximately 14.2 million urban residents are below the poverty linebuenosairesherald.com
yeah? which university? who paid for the study? what are their political motivations? has it been peer-reviewed? are there economists at that same university who would disagree? did anyone ask them? did other universities agree and come to the same independent numbers? how does the 52% compare to Dec2023? is this based on official dollar rate versus Blue, or using the now-higher Official rate after it was hiked-up this year? 14.2 million people are under the poverty line, really? (Apr2024 claim).
from that article, "Yearly inflation in Argentina is now running at 287.9%, according to figures released on Friday. The number, 9.7 points higher than February’s, indicates that Argentina’s runaway price hikes remain the worst in the world. Monthly inflation cooled to 11% in March, a two-point drop from February, according to the report. The number marks the third monthly decrease in a row after it hit 25.5% in December, the highest since February 1991. Cumulative inflation for the first three months of the year reached 51.6%."
...i watched prices change weekly in CABA Nov-Dec2023. i have seen price increases in the latter half of this year MUCH LESS frequently. again: if Tuna was 5000 Pesos a can when i got here, and now it's 1600 Pesos, how come that wasn't in the "study"? how come Bife Ancho and similar steaks were 6000-9000 Pesos per kilo earlier this year, and they are still that price today in Sep2024? this is one of those cases where real life just doesn't match the claims of "Experts"
obviously BuenosAiresHerald is a left-wing paper. have they ever published anything hopefuly or positive about this year's reforms and deregulations?
next FearPorn example:
"Poverty climbed to 55.5% in first quarter, according to UCA"
Poverty climbed to 55.5% in first quarter, according to UCA
Data obtained in new study highlights chilling growth in poverty levels – nearly 25 million people in urban areas nationwide are now considered to be poor.
"The latest report from the influential Observatorio de la Deuda Social of the Universidad Católica Argentina (Social Debt Observatory of the Catholic University of Argentina, ODSA-UCA) put poverty at 55.5 percent for the first quarter of this year – up from 44.7 in the third quarter of 2023 and 49.5 percent in December, when President Javier Milei was sworn into office."
...ah yes, the unbiased Vatican-funded school and its 'Science' for this one. so, the same Pope who lambasts free markets and nationalism, and wants western countries to be overrun with third-world Islamist illegal immigrants, is totally unbiased when doing a 'study' on Argentine poverty? lolz.
"poverty affects some 25 million people nationwide" - really, 25 million in Argentina? and "An adult making less than US$132 is considered to live in extreme poverty, or destitution." - ummmm, first of all, what are their bills? if they live without rent in a shared house that their family owns, and don't make car payments, and phone/internet is dirt cheap, and rice/flour/sweet potatoes/basic goods are extremely cheap in Argentina, what exactly is "poverty" about that? and how would this Catholic university even track income to 132 dollars??
"an economy with almost 50 percent informal employment." - ah, there's the bullshit! 50%? you guys think it's 50% in the country? everyone trying to sell me a house is saying to record 20-40% of the value on the deed. anyone else think the negra work percentage is more like 70-80%? because overwhelmingly that's what i'm told now for 9 months - at least 70% of gigs/sales/etc. is under the table. in cash. untraceable, mostly. so Catholic university nonsense studies have even admitted they're at least half full of sh*t : )
let's be real, there are a crapload of lazy people who are contributing nothing to society, sitting on their butts all day, and many are mad because they used to get paid to be helpless, and now they need to find a way to work and make money and provide services/goods to society. life's hard - Argentina ABSOLUTELY doesn't have higher poverty than Nigeria, for example. you can make all the fake studies you want, but it doesn't mean anything. remember when 'scholars' made-up 'studies' to 'prove' all sorts of Woke stuff, and it got peer-reviewed and published? i do! Leftist universities and left-wing newspapers aren't reliable sources for this type of politically-charged data, sorry.
last FearPorn i'll try to debunk (i am not an expert, but neither are any of these clowns who probably voted for vaccine passports/mandates/lockdowns, and thus have zero credibility)
"Argentina's August inflation still stubborn as residents struggle to save" 11Sep2024
"Argentina's monthly inflation rate stood at 4.2% in August, official data published on Wednesday showed, rising from last month and surpassing analysts' forecasts, while Argentines tighten their wallets to deal with spiraling costs." - man, you'd really think the country was imploding, reading that. yet, i see Argies traveling every damn weekend to different areas on family vacations. of course there are poor people around the world. this article, and other similar ones, are saying that this is a new phenomenon yet we know that all of 2023 was a death-spiral for the Peso and the economy here. also, how many of these scammy articles are using the trickery of the Official/Blue Dollar difference that happened this year?
in the real world, prices have been stable for the first time since i got here. anyone who wants specifics can message me and i'll happily walk around and document prices for ya. some better links than commie propaganda AKA fake news:
1. January starting inflation
2. Pesos are not used as much as the commies imply. Dollars are stored and used more than anyone knows
3. prices at stores are SO MUCH BETTER than the chaos i walked into in November 2023. i literally came to Argentina to track this, from election victory, to Inauguration, to law reform, to Milei's visit to Cordoba in May2024, to now as we descend into the global recession that the US Empire created (and nearing WW3 with nukes). if anyone wants to show me prices in early 2024 compared to late 2024, i'm happy to see evidence otherwise. here's data point 99,999 that i've shown here, yet i've received no evidence to back the claims that Argentina is somehow unique in 2024 with Milei, versus in 2022-2023 with the Ks were sucking the country dry
sure. the loud minority are, though. and all they care about is screaming about how Milei is evil...because their remote-work paychecks turned off. sucks to meet reality, but it was inevitable. "Many people are struggling in _________" - this is true about any city in every part of the world. so what? how many of them are druggies? how many are lazy and prefer to be transients? these appeals to emotion don't work on me, and they're not good for any country to entertain. 95% of people who want free sh*t are physically able to get a job instead of walking around selling trash bags or socks. sorry, tough love is necessary sometimes. otherwise people end up having Learned Helplessness and dependency on the government
You make some good points. Eating at home isn't as home as eating out but much easier on the wallet! True you can get affordable meals but plenty of places in BA where prices are out of whack. Food here is expensive compared to local wages. Not sure how anyone can argue with that.it's not that different from anywhere else in the world. i've been to 50 countries and there are always discount restaurants/stores, and touristy places where you can spend a ton of Dollars. i documented many affordable meals in CABA the 3 months i was there, in Villa Crespo, Monserrat, Palermo Chico, and Belgrano...of course if you want to live cheap, you buy beef and cook/grill at home. eating out is always more expensive, and eating out in Palermo SoHo is of course the craziest
it's much better now! when were you in Argentina, early 2024? i just got a 4-pack of economy toilet paper for 900 Pesos each (20 cents USD per roll). there are expensive brands that you can pay $5 USD for a pack, especially if you shop at the closest store to an upscale building/area. i've been enjoying home delivery once a week from Jumbo/etc. for getting screaming deals on certain days!
yeah, but mostly just because the majority of first-time tourists are told (me included) to stay in Palermo, so prices are ALWAYS higher. but once you have a month under your belt, it's easy to walk around and notice that prices are much cheaper away from the rich folk. the same thing happens in the USA, where grocery stores like Whole Foods charge 4x for the same product in a normal neighborhood's shopping center (Kroger, etc.) - i used to watch my roommate buy $6 gallons of Organic milk from Sprout's/WholeFoods while i went a mile away and bought a gallon of regular Kroger whole milk for $1.99 USD. it's just a matter of applying that same scrutiny when you're traveling or living as an Expat 🙂 most people buy things at the closest Kiosk and pay $2 USD for a can of beer that you can get on sale for 500 Pesos (40 cents USD) a block away.
agreed, Argentina is super safe, and Mendoza is EXTREMELY safe and clean on the main trendy street Aristides. i saw a few shady druggies in CABA, but never in Mendoza. Cordoba has a downtown with some beggars that i didn't like, but overall it felt a little safer than BsAs. we have to remember that most of the Peronists are in BsAs, and it's like judging the USA on New York City problems.
i heard a good way to describe wealth: if your money flow stopped today, how long would you be able to sustain your lifestyle? days, weeks, months? i could live in Argentina for 2 years with the 40k i brought for my Rentier residency, easily. probably more once i have a DNI and am more settled in Mendoza. infinitely, once i buy a house/apartment with crypto (renting a couple rooms out would pay all my bills, most likely, and i'd never have to work a 'real' job again).
i suspect the amount of supply is affecting the perception of less rentals - remember we just this year had the Rental Law restrictions repealed, so apartments sitting empty probably have been returned to Airbnb, so overall landlords have to compete more, and travelers have more options and better prices:
have you checked with the commies, like Larry and the usual suspects? (i haven't seen Avocado or CheVos in a while, but they usually float over every now and then to spew their tribal propaganda) - actually, the Noquis and others explicitly say that it is evil Milei that caused everything. maybe check with your local peronistas and get back to me? and they always cite something as record-high to 'prove' it
oh yeah, @Vero here ya go! you guys can chat about it if you want. dumb-dumb-Larry is clearly saying that poverty levels are all-time-high right now, and wanna take a bet what his beliefs are regarding why?
just like in the USA, if you seek-out one side's propaganda newspapers, you can find a 'journalist' saying what you want to hear. in the case of the FearPorn here:
"Argentina’s poverty rate almost 52%, university study finds"
Argentina’s poverty rate almost 52%, university study finds - Buenos Aires Herald
The report states that approximately 14.2 million urban residents are below the poverty linebuenosairesherald.com
yeah? which university? who paid for the study? what are their political motivations? has it been peer-reviewed? are there economists at that same university who would disagree? did anyone ask them? did other universities agree and come to the same independent numbers? how does the 52% compare to Dec2023? is this based on official dollar rate versus Blue, or using the now-higher Official rate after it was hiked-up this year? 14.2 million people are under the poverty line, really? (Apr2024 claim).
from that article, "Yearly inflation in Argentina is now running at 287.9%, according to figures released on Friday. The number, 9.7 points higher than February’s, indicates that Argentina’s runaway price hikes remain the worst in the world. Monthly inflation cooled to 11% in March, a two-point drop from February, according to the report. The number marks the third monthly decrease in a row after it hit 25.5% in December, the highest since February 1991. Cumulative inflation for the first three months of the year reached 51.6%."
...i watched prices change weekly in CABA Nov-Dec2023. i have seen price increases in the latter half of this year MUCH LESS frequently. again: if Tuna was 5000 Pesos a can when i got here, and now it's 1600 Pesos, how come that wasn't in the "study"? how come Bife Ancho and similar steaks were 6000-9000 Pesos per kilo earlier this year, and they are still that price today in Sep2024? this is one of those cases where real life just doesn't match the claims of "Experts"
obviously BuenosAiresHerald is a left-wing paper. have they ever published anything hopefuly or positive about this year's reforms and deregulations?
next FearPorn example:
"Poverty climbed to 55.5% in first quarter, according to UCA"
Poverty climbed to 55.5% in first quarter, according to UCA
Data obtained in new study highlights chilling growth in poverty levels – nearly 25 million people in urban areas nationwide are now considered to be poor.
"The latest report from the influential Observatorio de la Deuda Social of the Universidad Católica Argentina (Social Debt Observatory of the Catholic University of Argentina, ODSA-UCA) put poverty at 55.5 percent for the first quarter of this year – up from 44.7 in the third quarter of 2023 and 49.5 percent in December, when President Javier Milei was sworn into office."
...ah yes, the unbiased Vatican-funded school and its 'Science' for this one. so, the same Pope who lambasts free markets and nationalism, and wants western countries to be overrun with third-world Islamist illegal immigrants, is totally unbiased when doing a 'study' on Argentine poverty? lolz.
"poverty affects some 25 million people nationwide" - really, 25 million in Argentina? and "An adult making less than US$132 is considered to live in extreme poverty, or destitution." - ummmm, first of all, what are their bills? if they live without rent in a shared house that their family owns, and don't make car payments, and phone/internet is dirt cheap, and rice/flour/sweet potatoes/basic goods are extremely cheap in Argentina, what exactly is "poverty" about that? and how would this Catholic university even track income to 132 dollars??
"an economy with almost 50 percent informal employment." - ah, there's the bullshit! 50%? you guys think it's 50% in the country? everyone trying to sell me a house is saying to record 20-40% of the value on the deed. anyone else think the negra work percentage is more like 70-80%? because overwhelmingly that's what i'm told now for 9 months - at least 70% of gigs/sales/etc. is under the table. in cash. untraceable, mostly. so Catholic university nonsense studies have even admitted they're at least half full of sh*t : )
let's be real, there are a crapload of lazy people who are contributing nothing to society, sitting on their butts all day, and many are mad because they used to get paid to be helpless, and now they need to find a way to work and make money and provide services/goods to society. life's hard - Argentina ABSOLUTELY doesn't have higher poverty than Nigeria, for example. you can make all the fake studies you want, but it doesn't mean anything. remember when 'scholars' made-up 'studies' to 'prove' all sorts of Woke stuff, and it got peer-reviewed and published? i do! Leftist universities and left-wing newspapers aren't reliable sources for this type of politically-charged data, sorry.
last FearPorn i'll try to debunk (i am not an expert, but neither are any of these clowns who probably voted for vaccine passports/mandates/lockdowns, and thus have zero credibility)
"Argentina's August inflation still stubborn as residents struggle to save" 11Sep2024
"Argentina's monthly inflation rate stood at 4.2% in August, official data published on Wednesday showed, rising from last month and surpassing analysts' forecasts, while Argentines tighten their wallets to deal with spiraling costs." - man, you'd really think the country was imploding, reading that. yet, i see Argies traveling every damn weekend to different areas on family vacations. of course there are poor people around the world. this article, and other similar ones, are saying that this is a new phenomenon yet we know that all of 2023 was a death-spiral for the Peso and the economy here. also, how many of these scammy articles are using the trickery of the Official/Blue Dollar difference that happened this year?
in the real world, prices have been stable for the first time since i got here. anyone who wants specifics can message me and i'll happily walk around and document prices for ya. some better links than commie propaganda AKA fake news:
1. January starting inflation
2. Pesos are not used as much as the commies imply. Dollars are stored and used more than anyone knows
3. prices at stores are SO MUCH BETTER than the chaos i walked into in November 2023. i literally came to Argentina to track this, from election victory, to Inauguration, to law reform, to Milei's visit to Cordoba in May2024, to now as we descend into the global recession that the US Empire created (and nearing WW3 with nukes). if anyone wants to show me prices in early 2024 compared to late 2024, i'm happy to see evidence otherwise. here's data point 99,999 that i've shown here, yet i've received no evidence to back the claims that Argentina is somehow unique in 2024 with Milei, versus in 2022-2023 with the Ks were sucking the country dry
sure. the loud minority are, though. and all they care about is screaming about how Milei is evil...because their remote-work paychecks turned off. sucks to meet reality, but it was inevitable. "Many people are struggling in _________" - this is true about any city in every part of the world. so what? how many of them are druggies? how many are lazy and prefer to be transients? these appeals to emotion don't work on me, and they're not good for any country to entertain. 95% of people who want free sh*t are physically able to get a job instead of walking around selling trash bags or socks. sorry, tough love is necessary sometimes. otherwise people end up having Learned Helplessness and dependency on the government
great advice - earlyretirement said he does everything blanqueado and i suspect i will do the same. i'm guessing the seller would want ME to front the difference. i love how in Argentina there are millions of laws, yet the Notaries/escribanos are totally in-on the fraud of declaring a 20-40% value. when i tell people that this would put you in prison in the US, legitimately, they just shrug and say 'even the cops and notaries are doing it on their houses' - lol. but yes, i don't want to be the first person imprisoned for Deed Fraud. nope!
nope, disagree on the premise: you are choosing to eat at expensive places. go to a local place like La Dignidad in Villa Crespo and get a Menu Ejecutivo for way cheap, tons of food, support a local family. "but plenty of places in _______ where prices are out of whack" could apply to literally anywhere in the world. have you been to the EU or USA recently, like in the past 2 years??
you're not listening; i'm saying that food at touristy places is expensive, like anywhere in the world. but Locals overwhelmingly are NOT using Pesos long-term, so the wage-to-Peso-price-of-food is irrelevant for all but the extreme-poor or the financially stupid. not all food is expensive, even in Pesos. i've given a hundred examples. go buy rice, flour, pepper, salt, beans, meat, etc. in bulk once a week and cook food. if you have disposable money to spend on restaurants, then none of the Peso fears apply to you 🙂 also, i literally just said that the posted wages and poverty levels are bullshit and only tracking like 20% of reality, so no, people are not dying of hunger on the street. if you watch the pot-bangers at the 'protests' there is a HUGE amount of fatties there, holding signs that they are hungry. lol lol lol. (attached from AlJazeera fake news - the only 'food emergency' there is that those people need an Emergency Diet with less soda and more exercise).
a choice. i just bought the cheapo 900-Peso pack of four rolls, and it's fine for my butthole. yes of course it is bad compared to the USA, but i'm here living out of my comfort zone and wanting to live thrifty, so sometimes i have to use bad toilet paper. if your Missus insists, she can get her ass to the store and pay with her extra money - these are all choices, and overall just proves my point. people who are actually hurting aren't choosing to buy luxury toilet paper. and you can get it much cheaper at the Mayorista stores - the kiosks and nearby chains for sure will charge you more for the convenience and luxury.
the national government has NO place in mandating which payments businesses and people must accept. this is bullshit, and is a bandaid on an arterial bleed (the other mandates caused the problem, to start with). i would never open a business somewhere that forces me to accept a certain type of payment, or serve every customer. property rights should go both ways. if a business wants to only accept Cash, it can take that risk/benefit decision. Argies and Europeans have become to accustomed to being Nanny-State babied that everyone is going to need to re-learn how to be an independent human being - we don't need the State to protect us from ourselves. and even in a Utopia people will choose to commit suicide and live in the streets 'homeless' - the funcional citizens need not subsidize such stupid decisions. sorry! more tough love
Even when you want to do everything right many times it is not possible. When I bought my place the owner wouldn't sell unless we declared a lower price. Very very common here. The one that has the biggest risk is the Escribano but my Escribano told me that it is normal here as long as you don't go too low. Maybe it has changed but most ethical lawyers won't want to go less than 70% of the true price.
True. I did the same. It used to be more common to declare lower prices many years ago. Now I'm told there are more safeguards but people are still doing it. I don't think you can do that on new construction projects but on used properties, people are still doing it. My sister was looking at properties earlier this year and some owners were still demanding 50% declaring of actual prices. She didn't feel comfortable with declaring so low and possibly going to jail. I told her they don't do that here but her lawyer refused to declare that low as they said now the government is threatening jail time to the Escribanos.
noted! the Escribana i'm leaning toward wants to do at least 40%, but "more is better" she says. they are liable for 10 years of risk with signing the Deed. at some point, they won't be able to do illegal deals like this, when titles/deeds are on Blockchains as public records. also, hopefully at that point, we can do away with taxing the sale of properties - all tax is theft, and i get nothing from paying the Province/country over 1% of my house value. it's as unethical as annual property taxes on US properties, which Argentines probably can't fathom (my girlfriend pays 2800 USD per year, or they put a lien on her house).
when i was looking to buy a new apartment in BsAs with Bitcoin in Jan2024, the builder met with me and wrote-out the prices. i still have the paper, not that i think he was unique in the fraud; it's just a crime that everyone does here, like border runs to abuse the Tourist Visa.
this will for sure fade-away, and i also am not messing around as a foreigner with 'doing it how it's always done' - fuuuuuuuuck no. i like sleeping peacefuly at night without worrying about getting audited/interrogated. especially as we're in a recession combined with austerity measures, it would be simple for Governors to use AI to crawl the web and compare listing prices (100k) to what each escritura says (20k) and just start investigating the highest-gap people who do it more than once. as i said before about Border Runs: i'm not an expert in Argentina, but i've been around and i know how to mitigate risk - eventually the old-timers will have to admit that saying 'it won't change because it had always been this way' was very bad advice for non-Locals with a lot to lose. we should all be responsible and advise people on taking the best decision in their risk category, with all the information.
this is one of Milei's flaws; he's too busy worshipping Trump (Uniparty scumbag that spent more than Obama and gave Fauci a medal after wrecking the economy with Lockdowns) instead of pushing for all taxes to be abolished. Argies are smart for dodging taxes, because taxation is theft 😉 and cleaning-up the system would be much easier if you just did away with Stamp Taxes and other nonsense that serve no purpose other than to steal money from productive citizens.
nomadcapitalist.com
When I was looking at properties it seems like all the properties that aren't new construction ALL owners wanted to declare lower prices. On the new construction projects that I looked at, they were willing to declare the true price. When I bought my apartment, I used the full price.
They don't need to use AI. Here in CABA, AFIP is already seeing immediately once a property is listed for sale what the owners end up declaring and they also look at going rates. Mendoza might be different but I doubt it. If a property is listed at $100,000 dollars and the realtors and escribano list that it only sold for $40k it is an immediate red flag. Previously no one might have cared but things are changing. My lawyer told me at least in CABA the Escribanos are more aware and scared of this.
eh, one of the builders in that same area was very open about hiding a lot of the purchase price. i'd have to look at the paper, but it was either 70% or a little less. regardless, this would be an easy prosecution if AFIP ever enforced the law. regardless if you commit 5% fraud or 50% fraud, it's still illegal. now, i don't agree there should be a tax in the first place, so no argument in doing it...it's just too risky for me. and just like the Blue Dollar and cuevas being illegal in the past, i think these are stupid laws and everyone is violating them. when you have a nation that enacts laws that makes every citizen a felon, you have a corrupt system 😛
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I wouldn't worry too much with this new President but what I would worry about is if he becomes unpopular and then Peronists are elected again. If you're breaking laws it might be easy for them to just target people that are blatantly breaking the law. I don't think it would take a genius for their government to see what listing prices are and then what the final price you're listing on title deed.eh, one of the builders in that same area was very open about hiding a lot of the purchase price. i'd have to look at the paper, but it was either 70% or a little less. regardless, this would be an easy prosecution if AFIP ever enforced the law. regardless if you commit 5% fraud or 50% fraud, it's still illegal. now, i don't agree there should be a tax in the first place, so no argument in doing it...it's just too risky for me. and just like the Blue Dollar and cuevas being illegal in the past, i think these are stupid laws and everyone is violating them. when you have a nation that enacts laws that makes every citizen a felon, you have a corrupt system 😛
"Almost two millennia ago, the Roman historian Tacitus observed that 'the more corrupt the State, the more numerous the laws.'"
Three Felonies a Day?
“Show me the man and I’ll find you the crime.” —Lavrentiy Beria, Stalin’s Soviet Security Chief It is no State secret that government legislators and bureaucrats churn out a multitude of laws, statutes, codes, rules, and regulations year after year without any letup. After all, they must...
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but for sure i don't thin Mendoza is unique. my Notary is very honest and wants no less than 40% - i think people just won't go less because it's too obvious?
continuing on this, i saw something that reminded me of this concept...Kiyosaki from "Rich Dad/Poor Dad" talked about USA retirees going back to work:
and great advice from @earlyretirement as always - my personal risk factor is VERY different from the average person, and i would always worry about getting audited. as technology gets better and the government needs more money, these cases would be easy $ to take from rich folks who own property.
You are crazy. Even Milei admits the poverty rate is over 50% of the entire country.
you didn't read anything i wrote, Comrade Larry. i wrote a mini essay about all of this; how are you missing the entire premise? this is why i Mute you...you just make everyone dumber by posting here.
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