perry
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- Jun 20, 2006
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While peoples wages are lower in dollars than in the heady days of 1.1 peoples unofficial earnings in dollars are higher than they have been in many decades. Unofficial earnings come from shares, rental properties , investments in businesses that target tourism.
People in Capital Federal have greatly benefited from tourism and it shows . I suggest that you look at Home renovation stores on the weekends, they are literally 10 deep in each cash register and the amount of renovation of buildings and construction is unparalled in many a decade.
There are literally 10s of thousands of apartments being rented to tourists at very high rates in dollars . apartments 5 years ago that were not making a cent to their owners . In Palermo and Recoleta rents are at a record level and the owners are reaping the rewards.
Saying this I do not beleive that the boom has made everyones life better but a lot are benefitting.
People in Capital Federal have greatly benefited from tourism and it shows . I suggest that you look at Home renovation stores on the weekends, they are literally 10 deep in each cash register and the amount of renovation of buildings and construction is unparalled in many a decade.
There are literally 10s of thousands of apartments being rented to tourists at very high rates in dollars . apartments 5 years ago that were not making a cent to their owners . In Palermo and Recoleta rents are at a record level and the owners are reaping the rewards.
Saying this I do not beleive that the boom has made everyones life better but a lot are benefitting.