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.
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.
Not where you're moving Vince
That is what all of my American friends tell me too. My friends Stateside joke that their inflation is like Argentina's!
Gas prices, insurance, grocery, utilities, restaurants. No where near the official statistics. That is why Harris lost the race it seems. The economy!Very true. @Vince is going to NYC and there is no way that it is cheaper than BA. When I go back to the States for the holidays or to visit relatives I always get sticker shock and could never afford to live the same quality of life as here in BA.Not where you're moving Vince
This is the same thing that all my friends in BA are telling me. I send them inflation info that I see online about inflation falling to 1.9% and they just laugh at me and tell me it is not like that. They say things are still going up everywhere. More than what the government is claiming. I can read it on these posts. I wonder why more people aren't posting that the inflation claims aren't true.
This. My wife and I are currently in very rural Tennessee visiting my family for Thanksgiving, and it's crazy how high all the prices are compared to BA.
This is why so many voted for Trump. They are feeling it and voted with their pocket books.
Wow even in rural Tennessee??? I would have thought it was only in bigger cities but just goes to show you inflation is everywhere. What is high? Grocery stores? Restaurants? That is sad to hear. For when I come back, many are asking me to bring electronics for them. But also towels and sheets and stuff like that. Can't you buy that stuff in Argentina? Or just too many taxes?
Yes @CraigM, same experience for my family here in San Diego. We are already in one of the most expensive cities in the USA. This past year really felt like bizarro world where everyone's budget has suffered. Almost all my friends and neighbors keep complaining about one thing or another. Things are out of whack. Just getting simple things done like getting a plumber, electrician, maid has gotten difficult and much more expensive. Food, and just general things at the store have gotten crazy. Insurance is way out of whack here and skyrocketed. Price of clothing and especially extracurricular activities and things like coaching for lessons have gotten crazy.
I don't think any place can escape the inflation that we have seen. I'm hoping Trump isn't too tough on all of these import taxes. Hopefully he is just using it as a negotiating tool because if he really sets import taxes on many Chinese items, prices of things are going to skyrocket even more.
Here in BA the quality of towels and sheets is horrible. Domestic products are terrible and importing stuff still has a ton of taxes and fees. In December some of those import taxes will go away but you still have shipping and 21% IVA tax. It always makes sense to load up on bedding/towels, etc. if you're in the USA and coming down. (Obviously if you live here).
Hmmm.... My wife and I are eligible to live there already... We've just submitted all the paperwork for her to claim her PT citizenship and I can derive EU right to residency through her...Well if it gets too expensive for you all, you can move to Italy where they are giving houses away for $1.
Italian village offers $1 homes to Americans upset by the US election result
The mayor of the village said he loves the United States and is convinced Americans are the best people to help revive his community.6abc.com
True! Bedding in Argentina stink! Quality is crappy. America has great quality with high thread count in towels and sheets. You can buy microfiber towels that are very plush and soft. Argentina has thin poor quality. If you go to a specialty store in the mall it can be 3 X the price as in the USA.
Definitely should do that. Life is very good in the EU contrary to what people say. Spain is great quality of life. Stable, good food, affordable and good weather. Is the paperwork process difficult for your wife? IIRC you mentioned she was from Mercosur country ? Brazil? EU is a nice passport to have.
Yep, she's Brazilian, but her grandmother is Portuguese, so the paperwork isn't bad. Fortunately, being Brazilian cuts out some of the bureaucracy when claiming the PT citizenship, just like it did with the AR residency.
Yes, my girlfriend did the same thing for Spain. Will you live in Argentina or EU?
So far we're all-in on Argentina, but it's nice having options.
Clothes suck in Argentina. Expensive and not great quality!
Seems like so many here in BA have EU passports. My GF and all her friends all have Spanish or Italian passports from their grandparents.
Options are good! I tried messing around and trying to get my rentista visa but too much paperwork with me here. I am going home for Christmas and will try to do some of it there.
