CREDITOS UVA

[HenryNisental]

A few days ago a saw in TV the heart breaking situation of a local housewife that got involved with a local UVA home loan from a local bank.
After selling an small apartment last year, she requested an additional bank loan of some 2,000,000 pesos to buy a larger house. Monthly payment was supposed to
be some 15,000 a month, adjusted by inflation.
With the increase of the dollar exchange rate and the corresponding inflation generated by it, now the bank raised the payment to 22,000 pesos.
Not only that, the bank let her know that the amount owed now was more than 3,000,000 pesos!!!
It looks that she will NEVER own that hose, regardless of whatever she pays!!

 

[Bajo_cero2]

What did you expect? All the legals reforms of MM are reviving the Medieval servitude.

 

[mulderfox]

the are many problems about property here. if you leave money in the bank the bank can rob or the government will do so,so people buy real state as a means to save their money. it creates a bubble.
then you have to buy property in dollars but you earn pesos.
and the sad truth is a healthy loan can't exist with high inflation. instead of fixing inflation in the long term the government looked for a shortcut by handing out loans with subsidized rate.