Spend Thrift
Well-known member
Yep. I looked at tons of places. Only cash. Hell, some places now won't even take US dollars fixed. All these new constructions have inflation based price in pesos! No thanks!
Explore, connect, thrive in
the expat community
Expat Life: Local Discoveries, Global Connections
Paying for real estate in Buenos Aires with Bitcoin or crypto?
- Thread starter Digital Nomad
- Start date
So true @Scottishgaucho! I posted this in another post but posting here too.
Forget buying an apartment in crypto. It isn't really accepted here for anything from the sounds of things. I saw this guy in Argentina now that is big into crypto. He is saying Bitcoin is illiquid here at any price. And even gold and silver with a 50% discount! That is insane. Locals only want cash.
It's crazy but it's not because locals want it that way: it is the result of past governments restrictions (cepo cambiario) on US$ purchasing and international wire transfers that led locals to just keep the US$ in their homes.
That being said, governments and banks anywhere in the world don't like crypto because they don't have control over it. This is not related to crime, drug trafficking, etc. they just want to control it and make you pay taxes:
I agree. It will take time for the system to change. Seems like the governments are hell bent on controlling crypto.
earlyretirement
Moderator
Whether you pay for real estate with cash, crypto or gold..... Prices are heading up!
BuySellBA
Administrator
Yes after falling for 5 years, real estate prices are heading up as @BuySellBA predicted last year that it would. We should see some tremendous appreciation over the next few years now.
Similar threads
Engage explore adapt in your expat community.
