Recent content by JonJLA

You have no idea @Betsy Ross. Things were ok for the first year after Mike's company got purchased. I believe he was still involved with the company for 1 year after it got acquired. But as soon as he moved out of Argentina things started going downhill. Most of the same employees were there...

That was what my returns were like for 7 years in a row when they were managing my property. I paid for my apartment with rentals. It sounds like they went down in their management fees @Johnny or they are giving you a special rate. I was paying 30% management fees back when Mike managed mine...

Strike. How bad is it? My friend was supposed to d a property closing today but they just told her impossible now as banks are closed. Must be nice to get so many days off! Why are banks closed? Are they on strike too?

That would be bad for locals but tourism will boom again if the blue dollar goes up. I am lucky. I rent out my apartment in Soho and even with tourism down it has done ok. Prices are lower but if you are in a good area of Soho or Hollywood or other good parts of Palermo and have a nice place you...

Milei is not a Libertarian anymore. I think that ship has long since sailed. Government is screwed now intervening so much. It looks like the IMF package is in jeopardy now. That was probably the main sticking point with them. Now with the condition about China I think maybe Trump really...

Looks like this guy isn't a guru after all. He keeps saying even now that the peso will come back. What denial!

It would be silly to keep more than a small amount of money in a dollar account. Will be interesting to see how the gross reserves from people that deposited Dollars is up until the election. Probably will keep going down.

Sounds like $20 Billion is coming which would be great. https://www.bloomberglinea.com/latinoamerica/argentina/banco-suizo-preve-que-el-fmi-prestara-a-argentina-hasta-us20000-millones-en-nuevo-programa/

My friend uses Viber and he raves about it. I have to check it out. The Skype is going to go until May. https://www.viber.com/en/features/

But @Larry you keep saying that Buenos Aires is more expensive than the USA. Have you ever lived in the USA? I don't believe so based on your posts. Some things might be more than the USA but overall Buenos Aires is much cheaper than the USA. Rentals don't even come close. Rents are cheap in...

Wow! That is a long time for power to be off. I remember one year it was like that and kept going off. Frustrating when it is so hot and humid out. Is it just power overload from everyone using AC?

People underestimate how expensive the US is. My Argentine friends imagine the US as this utopia where everyone is making hundreds of thousands per year and life is easy. That is far from the case. Our salaries might be higher but our expenses are much higher too. @Cali Baby makes great points...

This was one of the things that you recommended so many years ago that was helpful for me when I was buying my places in Buenos Aires. After seeing so many properties, you lost track of it all. Both the spreadsheet and Google map was great. I actually prefer that properties are all cash in...

I bought two properties with Mike. One I kept and didn't sell and will never sell. The other I sold when he did. Probably should have bought another last year but I am glad I have a place in Buenos Aires. Your place turned out great Mike.

Great job on the apartment @Johnny. $85/month is extremely good. Mine jumped up quite a bit last year but they have now stabilized. Not having a live in doorman really helps contain expenses. That was a smart decision. More and more buildings are trying to get rid of the live in doormen as...