gracielle
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- Joined
- Jun 6, 2005
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Many laws are on the books
here which are rarely or never enforced. Of course, you don't want to be the unlucky
person who gets hit with it. Compared to the US, taxes here are not high. Certainly
not for most expats. So if you are a single property owner, why just not pay it
and sleep well at night. Kirshner's regime seems to be in a massive
"collection" mode. The war chest needs to be replenished.
Elections cost money. And they are probably going to be in power for a long
time.
Here is a good example. In BA, the intensive public
works program which is directly benefiting the construction industry needs to
be financed. One example is the programs offered by the Instituto de la
Vivienda. Since 2005, this state agency had been offering loans to low
and middle income owners to remodel the one property they had designated as
their residence. They were offering up to AR$18,900 per unit. All you had to do
was provide the property title and your signature. They don't call it a
mortgage...but it is. You don’t pay and they slap a lien on your property. Owners
could select up to a 30-yr re-payment plan...even if they were 80 years
old...with 0% interest. Who would balk at an AR$52 per month payment.
Sounds great so far...doesn't it?
At no cost to the owner, an
arquitect contracted by the agency came to the home, reviewed your proposal and
submitted a remodel plan with expected budget. It was approved within 2
months. With your copy in hand, you proceeded to interview a few pre-certified
companies from their list of about 300. And off you go....but
wait...where is the catch? Out of AR$18,900, 60% was actually designated
to labor and materials. The other 40% went for profit to the arquitect and the
contractor, gov't permits, construction overruns, and last but not least...21%
IVA. The owner had at his disposal the sum of $11,340. Not in hand, but to be
doled out to the constructor in increments until the work was completed.
To those whose roofs, plumbing, electricity,
etc. were in dire need of repair, it seemed like manna from the sky. To some, taking inflation into consideration,
it seemed like a “good” deal. Guess what…there are no “good deals” here. Not enough people took the bait. Now they are
taking their dog and pony show to “consorcios”.
They are offering a similar plan to fix up the common areas of buildings. For each owner signature that the
administrator gets, the building gets AR$18,900. They actually bypass
“consorcio” rules because the loan is obtained “individually” by each owner. It
is up to the consorcio as a legal entity to sue the unwilling owners for their
monthly share. May I add that the administrator gets a bonus from bringing in
“his” building. Apparently they don’t have enough takers so next year they will
re-open the plan to single dwelling owners again.
Don’t underestimate
Kirshner’s ability. He plans to be the circus master for a long time. He has
managed to put the seal of legality to “pork projects”. I wonder where he learned these tactics?
here which are rarely or never enforced. Of course, you don't want to be the unlucky
person who gets hit with it. Compared to the US, taxes here are not high. Certainly
not for most expats. So if you are a single property owner, why just not pay it
and sleep well at night. Kirshner's regime seems to be in a massive
"collection" mode. The war chest needs to be replenished.
Elections cost money. And they are probably going to be in power for a long
time.
Here is a good example. In BA, the intensive public
works program which is directly benefiting the construction industry needs to
be financed. One example is the programs offered by the Instituto de la
Vivienda. Since 2005, this state agency had been offering loans to low
and middle income owners to remodel the one property they had designated as
their residence. They were offering up to AR$18,900 per unit. All you had to do
was provide the property title and your signature. They don't call it a
mortgage...but it is. You don’t pay and they slap a lien on your property. Owners
could select up to a 30-yr re-payment plan...even if they were 80 years
old...with 0% interest. Who would balk at an AR$52 per month payment.
Sounds great so far...doesn't it?
At no cost to the owner, an
arquitect contracted by the agency came to the home, reviewed your proposal and
submitted a remodel plan with expected budget. It was approved within 2
months. With your copy in hand, you proceeded to interview a few pre-certified
companies from their list of about 300. And off you go....but
wait...where is the catch? Out of AR$18,900, 60% was actually designated
to labor and materials. The other 40% went for profit to the arquitect and the
contractor, gov't permits, construction overruns, and last but not least...21%
IVA. The owner had at his disposal the sum of $11,340. Not in hand, but to be
doled out to the constructor in increments until the work was completed.
To those whose roofs, plumbing, electricity,
etc. were in dire need of repair, it seemed like manna from the sky. To some, taking inflation into consideration,
it seemed like a “good” deal. Guess what…there are no “good deals” here. Not enough people took the bait. Now they are
taking their dog and pony show to “consorcios”.
They are offering a similar plan to fix up the common areas of buildings. For each owner signature that the
administrator gets, the building gets AR$18,900. They actually bypass
“consorcio” rules because the loan is obtained “individually” by each owner. It
is up to the consorcio as a legal entity to sue the unwilling owners for their
monthly share. May I add that the administrator gets a bonus from bringing in
“his” building. Apparently they don’t have enough takers so next year they will
re-open the plan to single dwelling owners again.
Don’t underestimate
Kirshner’s ability. He plans to be the circus master for a long time. He has
managed to put the seal of legality to “pork projects”. I wonder where he learned these tactics?
