Libertarians outside of Argentina are interested in paying $500,000 USD for an Argentine passport

[Cardiac Arrest]

It sounds like many foreigners are interested in this program. I talked to a Chinese guy that I met in the mall at Alto Palermo and it was interesting. He said that many of his extended family are coming here next year with this program. His cousin owns a large chain of Chinese mini-markets around Buenos Aires. He said that they only will hire family they trust and will invest the money to get them a store. I'm not sure why they don't just do it the normal way but it sounds like they have plenty of money.

 

[CraigM]

Yup, get ready. Palermo Chico will turn into Chinatown. If anyone is thinking about starting a business, you might want to look into private schools. The Chinese will have no interest in the public school system, and while they will no doubt flood the existing private schools, demand will explode and there will be a need for more of them.

 

[Johnny]

Yup, get ready. Palermo Chico will turn into Chinatown. If anyone is thinking about starting a business, you might want to look into private schools. The Chinese will have no interest in the public school system, and while they will no doubt flood the existing private schools, demand will explode and there will be a need for more of them.

Probably not in Buenos Aires as the public schools I heard there are terrible. But where I live in San Diego it has some of the best public schools in the USA. People buy houses here based on the schools. All 3 of my kids went to public schools and I bet they beat most private schools. But then again the average house here is around $3 million bucks. But my kids School is full of Chinese and other Indian and Asian kids moving to the area.

Speaking of Palermo Chico, Mike and I were having dinner at the restaurant was full of Chinese people that the manager said lived in the area of Palermo Chico. He said they are regulars and the best customers they have. They had a birthday party and were easily half of the restaurant and they were ordering tons of wine and steaks all night. They were all speaking Chinese. I don't know if they could all speak Spanish but at least 2 of the guys paying were speaking Spanish.

I wonder if real estate prices will skyrocket like it has in Canada? I assume so if they start to move to the area.

 

[ben]

Yup, get ready. Palermo Chico will turn into Chinatown. If anyone is thinking about starting a business, you might want to look into private schools. The Chinese will have no interest in the public school system, and while they will no doubt flood the existing private schools, demand will explode and there will be a need for more of them.

There are a lot of Chinese in Belgrano. It is remarkable how quickly they built up Chinatown in BA. There is a Chinese market on every other block it seems like. Prices seem to be higher than other places but I always see them busy. The Chinese are entrepreneurial.

The public schools are terrible in Buenos Aires. I wonder if they will go to the private schools. The private schools are shockingly expensive in Buenos Aires. The elite schools cost an arm and a leg.

 

[Esposas]

The wealthy Chinese are going everywhere. My sister in Orange County said more and more rich Chinese are moving into her area. Seems like they will seek out the best neighborhoods so Palermo probably will skyrocket. Belgrano and Nunez too. I also noticed more in Palermo Chico lately.

 

[CraigM]

There are a lot of Chinese in Belgrano. It is remarkable how quickly they built up Chinatown in BA. There is a Chinese market on every other block it seems like. Prices seem to be higher than other places but I always see them busy. The Chinese are entrepreneurial.

The public schools are terrible in Buenos Aires. I wonder if they will go to the private schools. The private schools are shockingly expensive in Buenos Aires. The elite schools cost an arm and a leg.

They will definitely choose private schools. Sorry if I wasn't clear earlier but that is the opportunity for anyone looking to start a new business in Buenos Aires. Private schools have become a business in the US. The established private schools are non-profit but newer ones are profit-oriented.

What seems lost on most people here is the offer of citizenship, and for such a modest investment. That combined with cheap real estate is going to drive a lot of Chinese investment. The only thing holding it all back is the recession in China right now which is mostly real estate driven.

 

[Avocado]

They will definitely choose private schools. Sorry if I wasn't clear earlier but that is the opportunity for anyone looking to start a new business in Buenos Aires. Private schools have become a business in the US. The established private schools are non-profit but newer ones are profit-oriented.

What seems lost on most people here is the offer of citizenship, and for such a modest investment. That combined with cheap real estate is going to drive a lot of Chinese investment. The only thing holding it all back is the recession in China right now which is mostly real estate driven.

I think you are right. I would think if someone was smart and offer a Chinese/Spanish curriculum there could be a good opportunity. These citizenship programs are very popular. My brother that lives in Portugal told me they had so many they had to shut it off.

I always amazed so many people love my city so much. Make me feel good.

 

[Uncle Wong]

They will definitely choose private schools. Sorry if I wasn't clear earlier but that is the opportunity for anyone looking to start a new business in Buenos Aires. Private schools have become a business in the US. The established private schools are non-profit but newer ones are profit-oriented.

What seems lost on most people here is the offer of citizenship, and for such a modest investment. That combined with cheap real estate is going to drive a lot of Chinese investment. The only thing holding it all back is the recession in China right now which is mostly real estate driven.

My parents are Chinese. I am first generation American. I think you are right Craig. Argentina seems like if they have a successful elections they can make real progress. Taxes here still seem screwed up. Too expensive on things because of the taxes but if they can fix that and there is a commodities boom, seems like Argentina will explode with growth.

$500k for many Chinese is nothing and will be worth it for guaranteed citizenship. If they allow real estate purchases to be counted I feel like it's going to skyrocket like Australia or Canada. That is probably in the cards. And I would have to guess it's going to be the popular neighborhoods that are nice that have biggest appreciation.

 

[perry]

Yup, get ready. Palermo Chico will turn into Chinatown. If anyone is thinking about starting a business, you might want to look into private schools. The Chinese will have no interest in the public school system, and while they will no doubt flood the existing private schools, demand will explode and there will be a need for more of them.

I am glad I already own a property here in Palermo. I could have sold in 2018 for a small fortune. Prices went down but have been going up since Milei won. I think prices will blow past peak levels.

 

[earlyretirement]

Yup, get ready. Palermo Chico will turn into Chinatown. If anyone is thinking about starting a business, you might want to look into private schools. The Chinese will have no interest in the public school system, and while they will no doubt flood the existing private schools, demand will explode and there will be a need for more of them.

Probably not in Buenos Aires as the public schools I heard there are terrible. But where I live in San Diego it has some of the best public schools in the USA. People buy houses here based on the schools. All 3 of my kids went to public schools and I bet they beat most private schools. But then again the average house here is around $3 million bucks. But my kids School is full of Chinese and other Indian and Asian kids moving to the area.

Speaking of Palermo Chico, Mike and I were having dinner at the restaurant was full of Chinese people that the manager said lived in the area of Palermo Chico. He said they are regulars and the best customers they have. They had a birthday party and were easily half of the restaurant and they were ordering tons of wine and steaks all night. They were all speaking Chinese. I don't know if they could all speak Spanish but at least 2 of the guys paying were speaking Spanish.

I wonder if real estate prices will skyrocket like it has in Canada? I assume so if they start to move to the area.

Absolutely. This is a NO brainer. In my neighborhood in San Diego I see many wealthy Chinese starting to buy here. The same thing all around wealthy enclaves over the USA. It's starting and going to go at scale. In Canada they have been seeing it for years as they are generous with Citizenship and now with Trump and the $5 million Golden visas, you'll see the same thing and they will seek out the best cities and the best communities.

I found my neighborhood in San Diego while living in Buenos Aires. I searched for 2 years on the best community to raise my kids with the best chance of capital appreciation and great quality of life. I truly believed I nailed it. I just posted on X about my neighborhood. I already knew in 2010 it would explode with value. I routinely get unsolicited offers to purchase my house for cash. Since COVID up until last week. They keep coming in.

 

[Nasdaq]

Absolutely. This is a NO brainer. In my neighborhood in San Diego I see many wealthy Chinese starting to buy here. The same thing all around wealthy enclaves over the USA. It's starting and going to go at scale. In Canada they have been seeing it for years as they are generous with Citizenship and now with Trump and the $5 million Golden visas, you'll see the same thing and they will seek out the best cities and the best communities.

I found my neighborhood in San Diego while living in Buenos Aires. I searched for 2 years on the best community to raise my kids with the best chance of capital appreciation and great quality of life. I truly believed I nailed it. I just posted on X about my neighborhood. I already knew in 2010 it would explode with value. I routinely get unsolicited offers to purchase my house for cash. Since COVID up until last week. They keep coming in.

Wow that is one nice area. I have been to San Diego many times. That looks like the Rancho Santa Fe area? That is the nicest part of San Diego. You had good timing if you purchased there in 2010. I kick myself for not buying something there. My brother lives in Del Mar and he tried to get me to buy something here. Lots of land were very cheap then. I can't imagine what they cost now.