Finance Prof
Well-known member
Exactly. Many locals just gave up on everything locally. There has never been anyone like Milei before in Argentina. I bought an apartment in BA several years ago and a great decision as I spend most of the year here. It is low now with inflation adjusted dollars. With mortgages entering the picture and with the tax amnesty it is kind of a no brainer if you're ok for mid term or longer term investment. Plus a good excuse to come back to the country as it sounds like you really are loving your trip @CraigM .Interesting perspective as always, Vince. Foreigners usually make all the early money in stock markets in places like Argentina because they're not emotional or anchored to past debacles going back decades. Locals have trouble buying into a recovery until it's obvious to the whole world. That said, foreigners also lose the most by betting too early on false gods (Russia has burned so many people, so many times). I think the case for BA real estate is pretty easy though, it's so cheap for a such a great city that very little has to go right from here.