arlean said:
But ElQueso, can't you pay for the guarantee insurance? Does that not work? I know it's expensive but isn't it a possibility?
We looked into that about 6 months ago, primarily for my wife's brothers. One of the problems seems to be credit, the need for a bank account, etc.
My wife finally got a real checking account established about a month ago. It took about 18 months of having a caja de ahorro and maintaining balances, paying off payments made at stores using the debit card, etc. After six months they raised her payment limit (amount in payments you had to cover each month - interest-free payments, BTW), at the end of a year gave her an Amex credit card, and now a full checking account with a Visa credit card and a fairly large line of credit. It's the most basic checking account her bank offers.
Included in this account now may be the ability to purchase a guarantee. But one problem is the ever-watching eye of AFIP. We may have a problem explaining the rent we afford based on the size of guarantee we purchase.
Also, I've heard (from a real estate agent) that many owners won't accept the insured guarantee. That was a couple of years ago - things may have changed.
It's one reason I've thought about Paraguay for so long. It's easy and relatively cheap to form a corporation there. It's easy to get a one year temporary residency (about a week). There are no laws against getting people out of a house they're not paying for and property prices are significantly lower. Import and export tariffs are much lower (though there is still corruption and red tape to be dealt with). Little personal income tax and a reasonable corporation income tax.
Of course, recent events in Paraguay prove that it's not any better off politically than Argentina in many ways...
But to tie my comments about all of this into the topic of the thread:
Temporarily here you can get along with little Spanish. I know many who do just fine with not too much more than "si, por favor, gracias, no entiendo". Medium to long term, there are so many things, including negotiating with real estate agents and owners, that make at least passable Spanish necessary.
Paraguay requires much more Spanish (though still possible to be sure), and Guarani would be admired