Did many expats move out of Buenos Aires due to the higher cost of living?

[Finance Prof]

I think expats have to just be prepared to pay expensive prices for things for the next 2 years. I know many that are retired and on fixed incomes and had to leave BA. The only ones that stayed were people that own their own apartment. Condo expenses jumped up but at least they own their own place.

 

[James Bond]

I think expats have to just be prepared to pay expensive prices for things for the next 2 years. I know many that are retired and on fixed incomes and had to leave BA. The only ones that stayed were people that own their own apartment. Condo expenses jumped up but at least they own their own place.

This is more or less what we expected when we decided to move to Spain. Don't regret the decision at all. It will probably get worse too. I see monthly expenses in BA continuing to climb each month. That seems to have no end in the near future. Inflation is going back up and to make things worse the USD is getting weaker.

 

[RN in BA]

I think expats have to just be prepared to pay expensive prices for things for the next 2 years. I know many that are retired and on fixed incomes and had to leave BA. The only ones that stayed were people that own their own apartment. Condo expenses jumped up but at least they own their own place.

Where are people moving to? I see some to Spain but where else?

This is more or less what we expected when we decided to move to Spain. Don't regret the decision at all. It will probably get worse too. I see monthly expenses in BA continuing to climb each month. That seems to have no end in the near future. Inflation is going back up and to make things worse the USD is getting weaker.

The dollar has gotten weak all over the world. Not just Argentina.

 

[ghost]

Where are people moving to? I see some to Spain but where else?


The dollar has gotten weak all over the world. Not just Argentina.

Some are moving to Paraguay. Much cheaper there. Low taxes. Not ideal but if you are on a limited budget it could be an option. It is very easy to get residency there. A few friends have done it. But even there the USD has gotten weaker. I believe the Guarani has gone from 800 to 650 over the past 12 months. But when I went to visit my friend the grocery stores are really great there. Great steaks too but the city is ugly and the weather sucks.

 

[FuturoBA]

Some are moving to Paraguay. Much cheaper there. Low taxes. Not ideal but if you are on a limited budget it could be an option. It is very easy to get residency there. A few friends have done it. But even there the USD has gotten weaker. I believe the Guarani has gone from 800 to 650 over the past 12 months. But when I went to visit my friend the grocery stores are really great there. Great steaks too but the city is ugly and the weather sucks.

Paraguay although not my preferred choice doesn't sound too bad from limited things I've seen. And like you said residency appears to be easy to get and it's only a 2 hour flight to BA. Or I never understood those already with residency who don't move further out or to another province within Argentina.

 

[VINO]

Paraguay although not my preferred choice doesn't sound too bad from limited things I've seen. And like you said residency appears to be easy to get and it's only a 2 hour flight to BA. Or I never understood those already with residency who don't move further out or to another province within Argentina.

The weather there is extremely hot. But lately a few I know are planning to relocate there due to the affordable cost of living. But I would recommend a smaller city in Argentina before I would do that. I can't get past the weather.

 

[oil rush]

Or I never understood those already with residency who don't move further out or to another province within Argentina.

Exactly. This is what you should do. Anywhere in Argentina is going to beat Paraguay. The infrastructure is not too good there. I would never live there. But if cost of living is a priority maybe but there is a reason why it is cheaper.

 

[FuturoBA]

BowtiedMara did a recent interview that's worth listening to

 

[ben]

BowtiedMara did a recent interview that's worth listening to

Saw that. Generally I like his stuff but always suspicious at anyone that hides behind anonymous while still trying to make money in Argentina. Too much of that goes on here. I have been following him for years. The thing I do like is he posts about his flops. He doesn't seem to be good at real estate. He bought into a few properties he posted on his website that never finished. Not sure I'd have much confidence on something he recommended if properties he is personally buying flopped.