Newcomer Basic salary and cost of living in BA

[IrishLad]

Very true. We have been through this before. It usually does not end well. Time will tell. We shall see.

No locals are happy with the expensive things. Some maybe are laughing because tourists can see what it is like for us now with evaluating currency and expensive prices. Locals make pesos not dollars. Tourists and expats were coming to Argentina to live life cheap just because you have dollars. Just because cepo ends does not mean blue will go up. Remember last time we had no cepo the blue was less than white.

Look at Uruguay. It is very expensive. No reason why Argentina would not be much more expensive than Uruguay. We need our salaries to go up like Uruguay which they look to do.

This is what it looks like is going to happen. I think the cheap days are behind us in BA. The dollar still goes a long way outside of CABA but in CABA prices are too high. Restaurants in Palermo are outrageous. I recently returned from Europe and was shocked to see the price from just 6 months ago.

Most of my local Argentinean friends are rushing to try to buy an apartment now. Finally mortgages are available again and many are locking in 30 year mortgages. They are UVA so some risk but they don't care as they want to take the chance to buy while they can. I noticed prices are much higher than last year. I went to see two pozo developments that just starting to break ground and one didn't even break ground yet and over 50% of the apartments are already sold!

 

[JorgBhack]

I told you guys earlier this year prices were getting crazy in BA. It is like people are in denial or something. Never seen people more in denial. Tourism is starting to suffer. This owner, Narda wonders why people aren't coming. Look at the prices on her menu! This is nuts! I just got back from Europe. Prices are much lower for much better food both in Spain, Italy and France.

I'm guessing many restaurants and bars will go out of business if things don't turn around next year.

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I love this place and recently went back and shocked to see prices this high! These are double of what they were last year. The place was very slow compared to last year. Sadly we won't go back at these prices.

 

[Larry]

I love this place and recently went back and shocked to see prices this high! These are double of what they were last year. The place was very slow compared to last year. Sadly we won't go back at these prices.

It is not just this place but many have been raising prices even though according to the government inflation is going down. Restaurants are still price gouging patrons.