Argentina is not expensive in US$, is expensive in TAXES.

[earlyretirement]

if you're serious, consult @earlyretirement on his website BuySellBA. i think i spent $300 in an hour consult? i forget the price; hell i would have paid 500. he's a genuinely good dude, and his knowledge is probably the #1 in Argentina. but you are FAR FROM missing the bottom....if it's a good investment at 120k USD for an apartment, then those fundamentals don't change if it now costs 140k USD, right? i could see if the price DOUBLED, you might think it's too late. but overall Argentina is still annoying for 95% of humans, so you would still be early.

Thanks @StatusNomadicus for the kind words. I appreciate it. Totally agree about the bottom. There is still a LOT of upside potential. I kept telling everyone that you would have to be stupid not to have purchased in 2023. I'm glad I jumped in myself and many investors. In fact, my investors are all getting offers to buy their places from 2023. Today another just got another offer. My places that I purchased are all renting well and I'm still buying up as many as I can get. In fact, I am going to sell a few properties I own in Mexico and buy more in Buenos Aires.

Everything I forecasted in 2023 has come true. We are still far down from peak levels. Prices keep going up each month.

 

[Larry]

arguing with Larry is futile; he's a retarded communist and has 2 lines that he repeats/spams daily on this forum. best to click Mute...he won't read what you write, and like most Leftards he's allergic to evidence and facts and nuance

Why do you keep calling me a communist?

 

[CraigM]

Why do you keep calling me a communist?

C'mon Larry, are you now or have you every been a member of the Communist Party...

 

[import export]

C'mon Larry, are you now or have you every been a member of the Communist Party...

HA! I love it. You guys crack me up.

 

[CraigM]

HA! I love it. You guys crack me up.

Glad somebody got it!

 

[FuturoBA]

 

[Uncle Wong]

I would dispute that simply because real estate is so cheap in Argentina, and renting is even cheaper than buying. Real estate is usually the biggest component of a family's budget, whether it's rent or mortgage/insurance/taxes for owners. Even if you have no mortgage, property taxes and insurance are a whopper these days.

Real estate in any other 10 million+ person city is MULTIPLES more expensive than BA. I don't know what anything else in Argentina costs because I mostly did tourist stuff there, but I did a pretty deep dive into real estate and it is very cheap. And we only looked at the most expensive areas. I can't even imagine how cheap property must be in the suburbs or smaller cities like Mendoza.

I thought the same thing Craig. I hear that only Bariloche has prices that might be higher than Buenos Aires but besides those cities my friend told me there is a lot of cheap properties all over Argentina.

Prices have gone up in BA but it still feels super cheap to me. I'm coming in May to look at properties so definitely will buy something this trip.

 

[Uncle Wong]

if you're serious, consult @earlyretirement on his website BuySellBA. i think i spent $300 in an hour consult? i forget the price; hell i would have paid 500. he's a genuinely good dude, and his knowledge is probably the #1 in Argentina. but you are FAR FROM missing the bottom....if it's a good investment at 120k USD for an apartment, then those fundamentals don't change if it now costs 140k USD, right? i could see if the price DOUBLED, you might think it's too late. but overall Argentina is still annoying for 95% of humans, so you would still be early.

This was a no brainer for me. I spent time on their website and finally pulled the trigger on the $300 for 90 minute consultation. I thought I understood the process in detail but Mike told me a lot of things to prepare for like the seller wanting to use fake prices. He explained it all in a way that was easy to understand. He recommended a realtor and they have been great. Mateo the realtor he assigned has perfect English and sent me tons of options to see. I'm coming at the end of May and going to hit the ground running. Agree with you @StatusNomadicus this was the best money I spent. I am not sure I will need to hire them if I can be in Buenos Aires but if not then I will just hire them to close the boleto and closing for me. 2 flights back and Airbnb would be the same cost plus I would have to take time off from work.