Accurate informative sobering rational analysis of the Argentine situation.I like to make it clear once and for all I am not a peronist nor want a return to the past . I also voted for Macri hoping for a positive change and like everyone in Argentina we were left with egg on our faces. In regards to the 10 % loading up on investments when there is blood on the streets why not invest in Venezuela where property prices are now the cheapest in the world?
Buying a property depends on stability and a fair system of law . I worked in real estate in Argentina for many years and believe that it is very risky to buy property now and for the next years . Prices have come down substantially since 2017 and now with the new scenario they will go doiwn much further . I believe that the future is 2001 revisted but Imho it seems that the next time the crash will be much more profound and longer . The 2001 crash only lasted for 2 years a very short time before recovery . The world situation is very unstable now and it seems that in the next year there could be a world wide economic correction
The last 3 years under Macri have been the worst years for most small businesses in Argentina since records began . Retailers have been absolutely hammered with outrageous rental prices in dollars , huge service costs . and very low consumption due to people not having any disposable income . Palermo Soho and Hollywood once vibrant dynamic neighbourhoods have been the most affected in the city of Buenos Aires and some strrets have a 50% occupation rate Fitzroy Street is a example . The inflation under Macri has been close to double than under Kristina but without wages being adjusted to keep up with inflation peoples real earning potential have been halved in just 3 years . Im currently in Sydney Australia and it is cheaper and much higher quality food to eat out here than in Buenos Aires now . Food is a necessity and should not be so marked up as it is in Argentina . Supermarket prices in Buenos Aires are dearer than most cities of the world including London
With the imf record loan more adjustments were going to be implemented on the battered Argentinian public . How much can people suffer and for how long before they say basta . I do not believe that people are voting for Christina but they are voting against Macri this is the reality . He won the elections with most of our votes but he did not deliver on any of his promises . I am not saying it will get better next year as the damage has been done . Argentina has a huge foreign debt created in the main by the current government . ( Early retirement do you know where this money went ?)
I do not want to be one of those bitter expats who spend their days whinging about their new country and for this reason I am already half way out of Argentina . As early retirement has stated Buenos Aires is great for holiday but to live there and do business it is not desirable .
Forget trash Argentina and "chinito" frivolous fake offense threads.
@perry
How are you going to get residency?
I don´t imagine it is easy, is it?