Usd keeps value in the local economy where from time to time is skyrocket 100%.Actually, USD's go down every year in value, due to inflation. Whereas property in Buenos Aires, when averaged out over 10 year or so increments, keeps going up.
Really, the best time to buy is different for every person.
Almost no one here invests in foreign mutual funds, either US, European or Asian. They know nothing about the stock market, and are sitting ducks for the likes of Merrill Lynch. A close friend lost about US$800,000 in a year thanks to the services of a "friendly" investment advisor (her daughter's friend) who mercilessly churned her portfolio to generate fees for himself. What remains of the portfolio is now invested in Province of Chaco bonds.The Argentines have limited places to invest for the long term, especially in an inflationary economy, and Real Estate is one of the few. Another is investing in USDs.