How's everyone hanging in there with the cost of living these days?

[Rich One]

The end is near ? shortly the dollar blue and the Oficial will converge. 15 pesos difference. Then what..?

https://www.baenegocios.com/finanzas/Dolar-blue-hoy-EN-VIVO-cotizacion-del-jueves-5-de-diciembre-20241205-0032.html

 

[Ronnie Hotdogs]

The end is near ? shortly the dollar blue and the Oficial will converge. 15 pesos difference. Then what..?

https://www.baenegocios.com/finanzas/Dolar-blue-hoy-EN-VIVO-cotizacion-del-jueves-5-de-diciembre-20241205-0032.html

I changed 200USD today and got 1000 pesos a dólar them

 

[sergio]

I changed 200USD today and got 1000 pesos a dólar them

The situation is awful. I think a lot will depend on whether the IMF approves a loan in which case the CEPO must be dropped and I should think the peso would be more like 2,000 to the dollar

 

[Redpossum]

The end is near ? shortly the dollar blue and the Oficial will converge. 15 pesos difference. Then what..?

https://www.baenegocios.com/finanzas/Dolar-blue-hoy-EN-VIVO-cotizacion-del-jueves-5-de-diciembre-20241205-0032.html

Then what, you ask?

When the two converge, it will cause a quantum event known as a resonance cascade. Be sure you keep your crowbar handy λ

 

[AdrianB]

The situation is awful. I think a lot will depend on whether the IMF approves a loan in which case the CEPO must be dropped and I should think the peso would be more like 2,000 to the dollar

Why would dropping cepo result in 2000 for the dollar? Where will this sudden demand for dollars come from?

 

[on the brink]

The situation is awful. I think a lot will depend on whether the IMF approves a loan in which case the CEPO must be dropped and I should think the peso would be more like 2,000 to the dollar

Wishful thinking...?

Hard to believe the Fat Cows years are over, and we are entering a Thin Cows period.

 

[on the brink]

My apartment's insane expense bill for this month is 348,677.02 pesos. Those two cents feel like a slap in the face.

True, it is on a very pretty block, but we have no SUM, no pool, no security, and only 1/2 a portero - we share him with the building next door.

 

[Ronnie Hotdogs]

My apartment's insane expense bill for this month is 348,677.02 pesos. Those two cents feel like a slap in the face.

True, it is on a very pretty block, but we have no SUM, no pool, no security, and only 1/2 a portero - we share him with the building next door.

Wow lot of money for very little.
Wonder what expenses are like in buildings with “full amenities”

 

[sergio]

Wishful thinking...?

Hard to believe the Fat Cows years are over, and we are entering a Thin Cows period.

The IMF condition is just a fact. Take away the CEPO and the dollar has to rise. Just how much is a guess but everyone knows the peso is seriously overvalued. The question is whether the IMF will grant the loan (it will be up to Trump) or just how long Argentina's Leader can hold out maintaining the CEPO (probably until after the October elections if there is no IMF money before then). "Wishful thinking" implies a pipe dream. In Argentina few things last very long but the current situation for anyone dependent on dollars is admittedly a nightmare. If it goes on much beyond October I think many more expats will be leaving for good.

 

[LuckyLuke]

Same goes for gated communities?

Not necessarily. Expensas in gated communities pay for security, lawncare, pool maintenance, etc. They do not cover your house repair costs. In the event of a severe economic downturn the coalition of homeowners could theoretically disband or suspend the association and go on living as an open neighborhood. A tower on the other hand requires every owner shoulder it's repair costs or the structural support of your house could be compromised. Imagine a unit above yours leaking into your unit because they failed to maintain their radiator valves? Imagine the building façade crumbling onto your balcony? Imagine the majority of the units for sale because they can't afford the expensas? Are you going to personally pay for the elevator certification? The intercomm malfunction?