What do I need to know before moving to Argentina?

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manimal

Lifer
Mar 30, 2007
13,559
8
0
Falklands is the right name. It's far off of Argentina's coast, was uninhabited, and has mostly British people.


What you need in Argentina is anything to battle corruption and inflation.

It was called the Malvinas by many south American countries before it was named the Falklands by the British and hyperinflation was a 90s issue. They are mostly stable now comparatively.



Op Argentina is a great place. Cheap cost of living and as diverse as you will find. We spend time in Chile and Argentina every few years and have considered buying property and retiring there. We should have bought about 5 years ago but kids got in the way.

You would be surprised how nice and open the people are and the ladies as well as the sights are great to look at.

Parts of Buenos Aires are tourist traps but most of it is old and awesome. I had coffee at a coffee shop my dad and grandfather had coffee at in the 20s and when I was working there I got put up in the same Suite as Caruso Stayed in when he last visited.

Its like a melting pot of Italian, Latin and French cultures.
 
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LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
It was called the Malvinas by many south American countries before it was named the Falklands by the British and hyperinflation was a 90s issue. They are mostly stable now comparatively.

British people live there, the British has built the economy, it's a British territory, it is the Falklands, period.

Inflation is a 90s issue? Stable compared to what? Somalia?

They have capital controls in place. I know because I used to be in charge of a credit based in Argentina, specifically a toll road heading out of B-A. It was a mess. The corruption was massive and very evident in everything you did. The road had defaulted over a decade ago but the courts, which are corrupt, were bought off by the politicians who were in turn bought off by other parties. Because their variable costs (labor) kept going up, according to their 30%+ annualized inflation, but the politicians wouldn't let them raise toll rates, the road was losing money. Since it was losing money they couldn't repay the bond, they couldn't even cover interest. When they would finally allow a toll increase it was almost impossible to get the Pesos out of the country. The bond was Pesified back when the government devalued the currency and didn't want dollars fleeing. It's a nightmare getting the Pesos out of the country and into dollars and a process rife with more corruption.

Their current annual inflation, admitted to by the Government, is 54% annualized. It is probably much higher.

Their government tries to buy off the people with social programs but is massively corrupt, like almost all SA governments.

That's not to say the country isn't beautiful. I have a friend that is from there and his family has a big ranch, it looks nice. However, he steadfastly admits he'd rather be in the US than there.
 

MongGrel

Lifer
Dec 3, 2013
38,466
3,067
121
It was called the Malvinas by many south American countries before it was named the Falklands by the British and hyperinflation was a 90s issue. They are mostly stable now comparatively.



Op Argentina is a great place. Cheap cost of living and as diverse as you will find. We spend time in Chile and Argentina every few years and have considered buying property and retiring there. We should have bought about 5 years ago but kids got in the way.

You would be surprised how nice and open the people are and the ladies as well as the sights are great to look at.

Parts of Buenos Aires are tourist traps but most of it is old and awesome. I had coffee at a coffee shop my dad and grandfather had coffee at in the 20s and when I was working there I got put up in the same Suite as Caruso Stayed in when he last visited.

Its like a melting pot of Italian, Latin and French cultures.

I grew up in Indiana, I have to ask.

I have an Uncle, Ron Horne that lives in Carmel and is a pretty big businessman there but retired now.

You know him ?

I know it's a big suburb of Indy, but thought I's ask.
 

sdifox

No Lifer
Sep 30, 2005
100,587
17,989
126
You'll fit right in, tons of cheap wine, good food and laid back people.

<---- Lived in Buenos Aires for seven years.