RichardOne
Member
Have contacted several Apt for Rentals in Craigslist, the conversion rate to pay in pesos is between 5,50 and 6 pesos per dollar. Any input, what is a fair
rate ?
rate ?
Explore, connect, thrive in
the expat community
Expat Life: Local Discoveries, Global Connections
Apartment Rental Apt. Rental in Pesos...?? Light Blue Rate..??
- Thread starter RichardOne
- Start date
I wonder if that byt 5 peso rate is a result of an approximate average of the official and the blue rate? For example, apprx. 4.5 + 6.4 = 10.9 / 2 = 5.5 (slightly higher than byt but equals what the original poster mentioned)
I suppose that seems fair for both renter and landlord. Or are the landlords supposed to be using the official rate.
I'd say, definitely do not accept a fully blue rate, especially if you can't get your pesos at a good rate.
I suppose that seems fair for both renter and landlord. Or are the landlords supposed to be using the official rate.
I'd say, definitely do not accept a fully blue rate, especially if you can't get your pesos at a good rate.
ofcourse as a landlord they don't want the bank rate, which really actually isn't the rate. but at the same time for the renter its not fair either! i rent my apartment out and meet in the middle always, but luckily i have an account outside of Argentina so me and the renter have a win, win situation. but you can't actually expect the renter to rent at 4.5!
In effect landlors now have two rates.
either (for example) us$1000 if paid in dollars or ar$6500 if paid in pesos. Think of the dollar price as a discount.
These are the prices, you have to decide whether you want to pay.
There wont be a policeman in the room when you pay your money and sign your contract, so if its illegal its purely academic.
either (for example) us$1000 if paid in dollars or ar$6500 if paid in pesos. Think of the dollar price as a discount.
These are the prices, you have to decide whether you want to pay.
There wont be a policeman in the room when you pay your money and sign your contract, so if its illegal its purely academic.
My landlord has just asked to switch my rent from the official rate to the "light blue" rate, when we had previously agreed to use the official rate exclusively.
I think it might be fair for her to ask this, but I don't think it's right to have agreed to one price in the beginning and then renege on the prior agreement all of the sudden. Should I just accept her request? It's not wholly unfair, but I mean, if I agree to a bad deal, I accept it and move on, so I am a but apprehensive toward making it seem perfectly fine to change the terms of our arrangement midstream.
I think it might be fair for her to ask this, but I don't think it's right to have agreed to one price in the beginning and then renege on the prior agreement all of the sudden. Should I just accept her request? It's not wholly unfair, but I mean, if I agree to a bad deal, I accept it and move on, so I am a but apprehensive toward making it seem perfectly fine to change the terms of our arrangement midstream.
No, you should not accept that. Each side should abide by the terms of the original agreement. If the landlord did not think that was fair, well she should not have agreed to it...
ESPECIALLY if you have it in writing, no way I would let someone go back after the fact and change a signed agreement.
earlyretirement
Moderator
I agree. If your landlord already agreed to accept the rent in pesos at the official rate then she can't go back on her word now.
Did you get a written rental contract? How is it worded in the rental contract?
Tell her you will finish out your current contract under the mutually agreed upon terms and conditions and then you are open to discuss it after the lease is up (or just before it's up for any possible extension period).
I don't have any problems with a rental owner if they want to charge in dollars or even at the black/blue rate as long as they are upfront with a potential guest before the lease starts. But once they agree to the terms and conditions, both sides need to honor and respect them.
Am I the one person in Argentina who gives the official rate?
Book my apartment today (30 August 2012) and I'll give you the official rate: USD1 = AR$ 4.64
My apartment rates are in USD (international recognisable currency as I have guests from all around the world). I take a deposit to confirm the reservation in USD via PayPal (or £ via bank transfer to my UK account or AR$ to my Argentine account at the official exchange rate on the day)
If my client pays me in USD via Paypal, PayPal takes 2.9% commission > Paypal converts balance to GBP and charges me 2.5% for the privilege of doing so > I withdraw cash on my UK bank Card and get charged 3%. So I end up paying 8.4% to receive my money and don't benefit from the Blue Rate.
On check-in the client pays the rest in USD or AR$ equivalent at the official rate on the day of the check-in as per: 'Cotizacion Billetes' on the Banco de la Nacion website: http://www.bna.com.ar/ I occasionally get requests to pay the Balance in USD via PayPal which means I loose even more through commission & fees.
The only trouble is my apartment is located in Bariloche!: www.BarilocheView.com
Book my apartment today (30 August 2012) and I'll give you the official rate: USD1 = AR$ 4.64
My apartment rates are in USD (international recognisable currency as I have guests from all around the world). I take a deposit to confirm the reservation in USD via PayPal (or £ via bank transfer to my UK account or AR$ to my Argentine account at the official exchange rate on the day)
If my client pays me in USD via Paypal, PayPal takes 2.9% commission > Paypal converts balance to GBP and charges me 2.5% for the privilege of doing so > I withdraw cash on my UK bank Card and get charged 3%. So I end up paying 8.4% to receive my money and don't benefit from the Blue Rate.
On check-in the client pays the rest in USD or AR$ equivalent at the official rate on the day of the check-in as per: 'Cotizacion Billetes' on the Banco de la Nacion website: http://www.bna.com.ar/ I occasionally get requests to pay the Balance in USD via PayPal which means I loose even more through commission & fees.
The only trouble is my apartment is located in Bariloche!: www.BarilocheView.com
earlyretirement
Moderator
The real rate is the blue rate. Would anybody here accept anything less than the blue rate for their dollars ??? If not why do you think an owner should ??
Because your opinions aren't based on any other logic than " f*ck everybody else except me " which is a perfectly fine attitude to have. Just don't expect an owner to go out of their way to accommodate your self centered attitude though.
If you don't like the rate. then look for another property or owner. There is nothing illegal about asking for the real world value of something.
Because your opinions aren't based on any other logic than " f*ck everybody else except me " which is a perfectly fine attitude to have. Just don't expect an owner to go out of their way to accommodate your self centered attitude though.
If you don't like the rate. then look for another property or owner. There is nothing illegal about asking for the real world value of something.
earlyretirement
Moderator
I agree EXCEPT for the fact that the OP said that the owner agreed ahead of time to the white rate. I think owners can/should charge whatever they want. But once they come to an agreement on terms or price, they should stick to it.
Similar threads
Engage explore adapt in your expat community.
