What happens if Argentina gets too expensive? What are alternative cities/countries to move to when it's overpriced in Argentina?

[Betsy Ross]

Interesting. Against all G7 currencies the dollar is actually up a lot the past few weeks. Shows you how strong the Peso has been, despite almost every prediction to the contrary.

Not sure how healthy this is. Talk to almost anyone in town and they all say peso is overvalued. I ask them when it won't be overvalued anymore and they just laugh. My banker friends tell me that things can stay overvalued for a long period of time.

True Vince. Argentina in dollars is expensive. Not quite like home but will be soon. People talk about slowing inflation but prices are still going up and a lot more than 2%! Healthcare premiums keep going up at about 6% per month. My condo bill and utilities are way up too. Forget about eating out much now.

Restaurants are feeling the pinch. I started seeing a few places start charging 10% to 12% to use a credit card now. They are barely getting by.

Same here. Grocery stores are more stable but everything else keeps going up. More and more of my neighbors are paying their monthly expenses late. Many of them are older and on pensions.

 

[Uncle Wong]

Not sure how healthy this is. Talk to almost anyone in town and they all say peso is overvalued. I ask them when it won't be overvalued anymore and they just laugh. My banker friends tell me that things can stay overvalued for a long period of time.


Same here. Grocery stores are more stable but everything else keeps going up. More and more of my neighbors are paying their monthly expenses late. Many of them are older and on pensions.

I just read an article this week about this @Betsy Ross. Maybe on this forum. I heard that is a big reason why new construction is so much more desirable vs older buildings. That the people buying in have more $$$ and they don't fall behind as much as older buildings. And also no need to worry about maintenance or things not getting done. I am looking and the premium is big on new construction vs. older properties. I would also have to renovate which I wouldn't want to tackle.

I have been looking and no one wants to allow payment in dollars anymore on new construction. For the initial payment they will but partial payments during construction it is all with inflation. That would be scary not knowing how much it would be. I want to buy new for a lot of different reasons one of which I would love to pay over a few years but don't want to have to worry about what the inflation will be. Does anyone know if they will cap the monthly interest at all?

 

[CraigM]

True Vince. Argentina in dollars is expensive. Not quite like home but will be soon. People talk about slowing inflation but prices are still going up and a lot more than 2%! Healthcare premiums keep going up at about 6% per month. My condo bill and utilities are way up too. Forget about eating out much now.

Restaurants are feeling the pinch. I started seeing a few places start charging 10% to 12% to use a credit card now. They are barely getting by.

This is where the average consumer can never reconcile their everyday lives vs. what their government claims. We've had the same experience here in the US, obviously more muted but I don't know anybody rich or poor whose budget was in sync with the Fed's inflation claims. For my family it's felt like we live on a different planet.

 

[CraigM]

This is true. I joke with my wife that we are leaving Argentina at a good time because soon it will be more expensive vs. States.

Not where you're moving Vince