BA is incredibly cheap for tourists right now - but will it last?

[MilHojas]

Buenos Aires is incredibly cheap for tourists right now — but will it last?

Taylor Swift and a special "tourist dollar" made one of the loveliest and safest cities in South America very appealing.

www.startribune.com

 

[Ciro]

Buenos Aires is incredibly cheap for tourists right now — but will it last?

Taylor Swift and a special "tourist dollar" made one of the loveliest and safest cities in South America very appealing.

www.startribune.com

No

 

[perry]

This myth of it being extremely cheap is starting to fade away as restaurant meals are close to european prices and good quality food in supermarkets goes up and up faster than than the devaluations . In two years it will be as dear as USA IMHO

 

[Reply Guy]

No it won't last.

We have about 6 months more for it to be cheap in USD. Enjooooy!

 

[lunar]

In two years it will be as dear as USA IMHO

So, are you suggesting that within two years, Argentinians will earn wages similar to Americans in order to afford US-level prices?

I don't know any example of shock therapy that would not result in an immediate economic downturn. Therefore, even with proper execution, which is uncertain at this point, achieving a relative economic stability would likely take a decade rather than just a couple of years.

 

[Alby]

Uruguay somehow manages to have USA-level restaurant prices without USA-level wages.

 

[lunar]

Uruguay somehow manages to have USA-level restaurant prices without USA-level wages.

And who eats in those restaurants? Tourists?

 

[Alby]

I've no idea. Everything else is very expensive too. We went to Geant supermarket to see what locals paid for ordinary groceries and the prices were through the roof.

 

[retiredbanker]

Yesterday, 9 Dec, went to Jumbo in Palermo. It was packed with shoppers though the carts weren't full. Prices were, unbelievable. I thought Carrefour was pricey but Jumbo makes Carrefour look like a dollar store!

 

[perry]

So, are you suggesting that within two years, Argentinians will earn wages similar to Americans in order to afford US-level prices?

I don't know any example of shock therapy that would not result in an immediate economic downturn. Therefore, even with proper execution, which is uncertain at this point, achieving a relative economic stability would likely take a decade rather than just a couple of years.

Im suggesrimg thar food prices will be the same as Usa going by inflation and cutting of subsidies . Argentina already is extemely expensive for local people but in us dollars it will double in 2 yesrs making prices for most items equal to usa . At present furniture clothing electronics are already dearer .