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Argentina public Service Announcement
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Crazy Jim Offline
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Post: #26
RE: Argentina public Service Announcement
My impression of Airbnb is that their prices are too high, quality is too low, they are based more on the optimism of the property owner than reality. Eventually they will lower but there is a lag. Decent furnished studio apartments are available for $600, I have a furnished one-bedroom now for 800. I am sure looking hard locally even lower rents are out there.
(09-03-2019 08:33 AM)BuckFutter Wrote:  Airbnb’s in Buenos Aires don’t seem to be any cheaper than when I checked a month or two ago. I wonder if owners are adjusting the price to maintain stable rents since it’s mostly foreign tourists anyway. I’m sure they all talk to each other and have agreed to maintain prices.

A decent place is still over $1000/month...
(This post was last modified: 09-03-2019 08:57 AM by Crazy Jim.)
09-03-2019 08:55 AM
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Crazy Jim Offline
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Post: #27
RE: Argentina public Service Announcement
Since we're talking about "Buenos Aires" it is important to note the geography. It's not at all uniform some areas are very bad and so have lower costs. Here are some places I have lived. I assume most people are interested in night life. San Nicolas, Recoleta, and Palermo are the areas with the most night life. They are also fairly upscale areas. Montserrat is also ok, being close enough to walk to many night spots. Balvanera, Almagro also ok close enough and cheaper. Parts of San Telmo, Constitucion, a little rougher. San Cristobal perhaps a little far. Once you're outside these areas, you have significant commutes, and some areas are not that safe.    
09-03-2019 09:47 AM
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Post: #28
RE: Argentina public Service Announcement
Yea they might have and again need to issue new currency, just like Venezuela and Brazil did.
09-03-2019 10:23 AM
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Post: #29
RE: Argentina public Service Announcement
For those of you thinking about going to Argentina soon check out flybondi.com. Stupid cheap flight prices within Argentina, Paraguay, and now they have some flights to Brazil. The lowest I’ve seen was a flight from Iguazú falls to Buenos Aires for literally 10$.

This situation is crazy though... I can’t wrap my head around it as I was there last month and everything was ridiculously cheap. Hopefully when I get back in December it’s even cheaper.
09-03-2019 10:42 AM
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RE: Argentina public Service Announcement
(09-03-2019 10:42 AM)floridaboiii Wrote:  For those of you thinking about going to Argentina soon check out flybondi.com. Stupid cheap flight prices within Argentina, Paraguay, and now they have some flights to Brazil. The lowest I’ve seen was a flight from Iguazú falls to Buenos Aires for literally 10$.

This situation is crazy though... I can’t wrap my head around it as I was there last month and everything was ridiculously cheap. Hopefully when I get back in December it’s even cheaper.

What’s the real exchange rate now?
09-03-2019 11:05 AM
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Crazy Jim Offline
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Post: #31
RE: Argentina public Service Announcement
Today the official rate is 1 usd = 55 ars
09-03-2019 11:22 AM
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BBinger Offline
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Post: #32
RE: Argentina public Service Announcement
(09-03-2019 11:22 AM)Crazy Jim Wrote:  Today the official rate is 1 usd = 55 ars

That's the sucker's rate. The blue rate is still better than 1usd = 60 ars.

And yes its already being tracked, because it is theactual rate as opposed to the "Banco Nacional" fiction. If you take the "official" rate handed down from on high instead of the actual rate determined by market activity, you are supporting the evils of officialismo and your own finances.
09-03-2019 01:14 PM
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Post: #33
RE: Argentina public Service Announcement
I’m just looking to come for a month. Maybe a few months if I can do crazy cheap hub and spoke flights to places like iguazu.

What alternative booking resources to Airbnb are online? I’d be scared a desperate landlord would keep my deposit or try dumb charge ups on utilities.

What’s this doing to the dating market? Should I stock up on chocolate bars and nylons? My grandfather said in WWII he banged local women for a few cigarettes and half a Hershey’s. That was morally wrong because he wasn’t married. Of course I want to marry all of them first.
(This post was last modified: 09-03-2019 01:28 PM by BuckFutter.)
09-03-2019 01:28 PM
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Crazy Jim Offline
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Post: #34
RE: Argentina public Service Announcement
The official rate is the official rate. Many tourists will be stuck with it. So best to keep in mind. Especially if you use your bank to change money, or an atm or credit card. One should exercise caution when using unofficial money traders, especially if you aren't used to things here. They are adept at short changing the unwary. But if you do want to make use of the blue rate, be sure to bring enough cash for your trip, as you can't get dollars from atm's here
(09-03-2019 01:14 PM)BBinger Wrote:  
(09-03-2019 11:22 AM)Crazy Jim Wrote:  Today the official rate is 1 usd = 55 ars

That's the sucker's rate. The blue rate is still better than 1usd = 60 ars.

And yes its already being tracked, because it is theactual rate as opposed to the "Banco Nacional" fiction. If you take the "official" rate handed down from on high instead of the actual rate determined by market activity, you are supporting the evils of officialismo and your own finances.
(This post was last modified: 09-03-2019 02:18 PM by Crazy Jim.)
09-03-2019 02:13 PM
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Crazy Jim Offline
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Post: #35
RE: Argentina public Service Announcement
The places I rented on Airbnb had many problems with airconditioning and plumbing especially, then the a/c would short out the power, or the water leaks cause mold, etc. I didn't have owners take my deposit, or charge me for utilities. But I found myself a few days a week stuck in an apartment with no power or no water or some problem waiting for repairmen.
If you come for a month, I would recommend booking.com. If you rent an apartment, you have to make a deposit, whereas booking doesn't need deposits. If you stay a few months, spend time your first month trying to find a local apartment to rent directly, or try a few Airbnb's until you find one you like then arrange directly with the owner. Iguazu is easy and cheap to get to by bus or plane.
As for your attempts to "kiss" young women in order to test drive them for future marriage of course and not immoral reasons, we are coming out of winter now and in to spring, June-August is winter and cold and they don't like to go out as much. End of December is holidays and January and Feb are summer and hot as balls. Now until mid-December is a good time. Yes the economic uncertainty makes some people more reluctant to spring in to a new romance, but there are millions of people, I am sure you find one or several. If you strike out with straight up romance, there are many gold-diggers who would love to kiss you in hopes of securing their financial future.
Oh yeah they like chocolates, just get bags of cheap individually wrapped ones from Walmart, especially Reeses Pieces which you can't find here.
(09-03-2019 01:28 PM)BuckFutter Wrote:  I’m just looking to come for a month. Maybe a few months if I can do crazy cheap hub and spoke flights to places like iguazu.

What alternative booking resources to Airbnb are online? I’d be scared a desperate landlord would keep my deposit or try dumb charge ups on utilities.

What’s this doing to the dating market? Should I stock up on chocolate bars and nylons? My grandfather said in WWII he banged local women for a few cigarettes and half a Hershey’s. That was morally wrong because he wasn’t married. Of course I want to marry all of them first.
(This post was last modified: 09-03-2019 03:31 PM by Crazy Jim.)
09-03-2019 03:23 PM
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Post: #36
RE: Argentina public Service Announcement
(09-03-2019 02:13 PM)Crazy Jim Wrote:  The official rate is the official rate. Many tourists will be stuck with it. So best to keep in mind. Especially if you use your bank to change money, or an atm or credit card. One should exercise caution when using unofficial money traders, especially if you aren't used to things here. They are adept at short changing the unwary. But if you do want to make use of the blue rate, be sure to bring enough cash for your trip, as you can't get dollars from atm's here
(09-03-2019 01:14 PM)BBinger Wrote:  
(09-03-2019 11:22 AM)Crazy Jim Wrote:  Today the official rate is 1 usd = 55 ars

That's the sucker's rate. The blue rate is still better than 1usd = 60 ars.

And yes its already being tracked, because it is theactual rate as opposed to the "Banco Nacional" fiction. If you take the "official" rate handed down from on high instead of the actual rate determined by market activity, you are supporting the evils of officialismo and your own finances.

I stand by my assertion that it is the sucker's rate. Traveling without at least enough cash to get yourself home a couple times over is just irresponsible. Especially when your desired destination charges a 10% extra for paying with cards instead of cash.

Now its true. Most tourists should avoid the barkers advertising themselves as money traders. What you do if you don't already know a guy is you shop some pawn shops and visit some Chinese restaurants. You ask about paying in dollars and see who they recommend for your peso buying needs.

The important part is in the asking. Someone who takes whatever slop is placed on their tray is not a man, but a prisoner. Paying 10% or more extra on vacation for no reason other than "herp derp my card" empowers the wrong people. This is course of action is the moral opposite of charity. It is downright immoral to suggest the wrong thing and defend it with "tourists probably just want to be passive."

Anyways, some magic questions for people looking to visit my unfortunate neighbors on the other side of the river:
  • Me descuentan por efectivo? - Use this to ask about what sort of discount you are getting for paying cash.
  • Me descuentan por dolares? - Use this because you had the foresight to bring some small bills because the first opportunity to change your benjis is almost never going to be your best opportunity.
09-03-2019 03:28 PM
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Crazy Jim Offline
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Post: #37
RE: Argentina public Service Announcement
I think it's a little over the top to say it is immoral to change money at the official rate or irresponsible to use atm's. It's just a matter of convenience. I did ask today on the street one guy was offering 58 I suppose I can find 60 if I try. There hasn't been much difference between the official rate and the blue rate up until the past week. Perhaps if the difference grows it there will be better bargains in the future. As someone who lives here, the only way to get money is from atm, bank wire, etc. But if you come down as a tourist, you can bring cash and take advantage of the unofficial rate.
(09-03-2019 03:28 PM)BBinger Wrote:  I stand by my assertion that it is the sucker's rate. Traveling without at least enough cash to get yourself home a couple times over is just irresponsible. Especially when your desired destination charges a 10% extra for paying with cards instead of cash.

Now its true. Most tourists should avoid the barkers advertising themselves as money traders. What you do if you don't already know a guy is you shop some pawn shops and visit some Chinese restaurants. You ask about paying in dollars and see who they recommend for your peso buying needs.

The important part is in the asking. Someone who takes whatever slop is placed on their tray is not a man, but a prisoner. Paying 10% or more extra on vacation for no reason other than "herp derp my card" empowers the wrong people. This is course of action is the moral opposite of charity. It is downright immoral to suggest the wrong thing and defend it with "tourists probably just want to be passive."

Anyways, some magic questions for people looking to visit my unfortunate neighbors on the other side of the river:
  • Me descuentan por efectivo? - Use this to ask about what sort of discount you are getting for paying cash.
  • Me descuentan por dolares? - Use this because you had the foresight to bring some small bills because the first opportunity to change your benjis is almost never going to be your best opportunity.
(This post was last modified: 09-03-2019 04:21 PM by Crazy Jim.)
09-03-2019 04:13 PM
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Post: #38
RE: Argentina public Service Announcement
(09-03-2019 04:13 PM)Crazy Jim Wrote:  I think it's a little over the top to say it is immoral to change money at the official rate or irresponsible to use atm's. It's just a matter of convenience. I did ask today on the street one guy was offering 58 I suppose I can find 60 if I try. There hasn't been much difference between the official rate and the blue rate up until the past week. Perhaps if the difference grows it there will be better bargains in the future. As someone who lives here, the only way to get money is from atm, bank wire, etc. But if you come down as a tourist, you can bring cash and take advantage of the unofficial rate.

Wait, they FORCE conversion of incoming dollars to the local pesos de mierda?

Here, on the less dysfuntional side of the river when I receive a Western Union that was sent in dollars, I receive the dollar amount unless I ask for the conversion. When I receive a bank wire sent as USD to my USD account it stays USD. I also have a peso account with my bank and am free to flip money back and forth between the two as I please. If I ever had reason to deal with Euros or Pesos Chileños, the banks on this side of the river let you do that as well.

Uruguay may have spent 2010-2015 with a convicted commie insurgent terrorist as their elected president, but even the Uruguayos know better than to try to hold a fake exchange rate.

The divergence between the "official" and the real exchange rate is still small because the split happened yesterday.

What do you plan to do if the Official rate is 55 and the blue rate is 95? 125? 155?

Anyways, the sin in question is not specifically in changing money at one place or the other. The sin is in aiding and assisting in the deception that an "official" rate is somehow more real than the market driven rate.
09-03-2019 05:11 PM
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Crazy Jim Offline
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Post: #39
RE: Argentina public Service Announcement
How the government chooses to control its currency is not really something to become morally outraged about. You just try to understand it, and accept it as part of doing business in Argentina. Low cost of living even with an artificial exchange rate is still a low cost of living. Residency and citizenship (if you're after a second passport) is also easier than anywhere else in the world. Banking however is a pain. But again just part of doing business here. You should bring all those dollars over here and buy pesos at the blue rate, then go and use the pesos to buy back dollars at the artificial rate lol. I mean just find your advantage where you can. The cost of living here is fairly low and I pay rent in dollars, so the remaining amount of pesos I need just doesn't seem to be worth the hassle, although of course if the gap in the official and unofficial rate changes more, or I need to convert large amounts, I would cross the bridge at that time
ps - Western Union and those services do force conversion to pesos. Bank wires can be received in dollars with dollar accounts, but you can't receive a wire until your account is a year old, and accounts are almost impossible for tourists, so bank accounts aren't really an option for most people in this forum thinking about visiting Argentina.
(09-03-2019 05:11 PM)BBinger Wrote:  Wait, they FORCE conversion of incoming dollars to the local pesos de mierda?

Here, on the less dysfuntional side of the river when I receive a Western Union that was sent in dollars, I receive the dollar amount unless I ask for the conversion. When I receive a bank wire sent as USD to my USD account it stays USD. I also have a peso account with my bank and am free to flip money back and forth between the two as I please. If I ever had reason to deal with Euros or Pesos Chileños, the banks on this side of the river let you do that as well.

The divergence between the "official" and the real exchange rate is still small because the split happened yesterday.

What do you plan to do if the Official rate is 55 and the blue rate is 95? 125? 155?

Anyways, the sin in question is not specifically in changing money at one place or the other. The sin is in aiding and assisting in the deception that an "official" rate is somehow more real than the market driven rate.
(This post was last modified: 09-03-2019 05:46 PM by Crazy Jim.)
09-03-2019 05:40 PM
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Post: #40
RE: Argentina public Service Announcement
(09-03-2019 11:22 AM)Crazy Jim Wrote:  Today the official rate is 1 usd = 55 ars

It's not really the official rate for all banks though.

It's only the exchange rate proposed by the Banco Nación bank, at 57 actually.

Other local banks will offer a bit more for your dollar, maybe 58 pesos, just walk in and ask them.

Anyway there's no fear to have, regarding changing money "outside of banks", for example in the most touristic peatónal street of central Buenos Aires, you know which one. There's currently no risk from the Law or changers themselves, and you'll get like 62 for your dollar.

Also, someone earlier on the thread wrote more or less that "Colombia was safer, as the guerrilla has ended", and well, it's a bit funny as just a few days ago, the FARC has rekindled its guerrilla war, even allying with the ELN... And as we speak , Maduro is mobilising his army at the Colombian border - while President Duque is far from backing off, even had a few Farc terrorists killed immediately after the terrorists' daring press conference.

So, let's say that, in Argentina, if and when you invest, you gain advantage from the priceless fact that there's no communist guerrilla, no ethnic or religious tensions. That's what clever investors look for, at a time when the world is torn apart between communities.
09-04-2019 01:06 AM
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Post: #41
RE: Argentina public Service Announcement
You are posting a day later and the rate has already changed. Florida is the pedestrian street you're talking about. Changing money will always depend on personality, some people will want to invest a lot of time in finding the best possible rate, others will just want some cash now and use the official rate. Especially if you use a credit card or atm, you will have to deal with the official rate. For me, largest purchases are paid in dollars for rent. The cost of living is low, $300 usd might last a month for non-rent expenses. Dicking around with the exchange rate means a difference of $30 at most a month. If you're a tourist, just bring enough cash to cover your trip, and you can change $100 usd at a time, that way disreputable money lenders aren't going to target you for any tricks, or, if they do, you're only going to lose a few pesos. If you find yourself with no cash in the middle of the night or somewhere where there are no moneychangers, and use an atm for convenience, you lose a few pesos. I just don't see exchange rates as something to get wrapped around the axle about.
(09-04-2019 01:06 AM)Going strong Wrote:  
(09-03-2019 11:22 AM)Crazy Jim Wrote:  Today the official rate is 1 usd = 55 ars

It's not really the official rate for all banks though.

It's only the exchange rate proposed by the Banco Nación bank, at 57 actually.

Other local banks will offer a bit more for your dollar, maybe 58 pesos, just walk in and ask them.

Anyway there's no fear to have, regarding changing money "outside of banks", for example in the most touristic peatónal street of central Buenos Aires, you know which one. There's currently no risk from the Law or changers themselves, and you'll get like 62 for your dollar.

Also, someone earlier on the thread wrote more or less that "Colombia was safer, as the guerrilla has ended", and well, it's a bit funny as just a few days ago, the FARC has rekindled its guerrilla war, even allying with the ELN... And as we speak , Maduro is mobilising his army at the Colombian border - while President Duque is far from backing off, even had a few Farc terrorists killed immediately after the terrorists' daring press conference.

So, let's say that, in Argentina, if and when you invest, you gain advantage from the priceless fact that there's no communist guerrilla, no ethnic or religious tensions. That's what clever investors look for, at a time when the world is torn apart between communities.
09-04-2019 07:02 AM
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Post: #42
RE: Argentina public Service Announcement
Agree just use atms. You really care about a few pesos for petty cash? Also you can’t really travel with more than $10,000 and not have potential issues with customs or being targeted for robbery; so really making money on the arbitrage is best done on forex or something like that.

The only money arbitrage hussle that ever made real sense to me was when the Euro was 1.5 to the dollar and certain Caribbean islands were getting too many euro coins because of cruise ships. Banks don’t want coins. They were stuck.

The small shops and sellers in port were willing to exchange a dollar for a euro at parity because the majority of the cruise ship people were elderly Americans with dumb hair like travelers check who didnt want change in local money but we’re willing to buy $100 worth of jewelry or dumb souvenirs.

Costa line and euro operator folks were wanting to use their euros straight off the ship too. These were actual coins or $1-2 euro bills mostly. There are way less of them. But still a few shiploads every few days. And these are islands with limited cash.

Cruise ships don’t weigh your bags. They have good security. And going through customs is way less scrutinizing in port Everglades or Miami.

Plus you’d probably still only be getting a few thousand dollars profit if you spent the whole trip exchanging dollar bills for heaps of euro coin.

But then you’re stuck with euro coin which most American banks didn’t want either. Again not a problem if you do repositioning cruises once a year. You walk off the ship with a barrel of coins in Barcelona.

This trade only made sense for cruises. Now the exchange margin is too low to be worthwhile. But I did six cruises like this. I didn’t go crazy either but I made some money.

My understanding is that this is not taxable nor illegal. You just buy something on each island. There’s no law against paying for a $1 chocolate with a $100 bill and getting change. I was just “over paying” with smaller bills and taking coins in return. I got receipts. Never needed them.

Check vacations to go for cruises they go to Argentina. There are a few. But different situation. The euro and dollar were both incredibly stable. In fact, I still have a hoard of coins from my last trip. I fill a small baggy with them when I go to EU by plane.
(This post was last modified: 09-04-2019 08:46 AM by BuckFutter.)
09-04-2019 08:32 AM
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Post: #43
RE: Argentina public Service Announcement
Please keep us updated on things on the ground. I might be able to squeeze two weeks for Buenos Aires inspection trip in October. Depends when fall foliage in New York peaks. Promised family we’d enjoy it this year. But some years it sucks and wind blows it away early. Would be my last chance to fly direct too. US carriers are starting to cancel service to BA from most hubs.
(This post was last modified: 09-04-2019 09:17 AM by BuckFutter.)
09-04-2019 08:50 AM
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Post: #44
RE: Argentina public Service Announcement
I will have to put together a data sheet on Argentina, October-November are best times to visit. Starts to get hot, and everyone goes on vacation, towards end of December and January.
(09-04-2019 08:50 AM)BuckFutter Wrote:  Please keep us updated on things on the ground. I might be able to squeeze two weeks for Buenos Aires inspection trip in October. Depends when fall foliage in New York peaks. Promised family we’d enjoy it this year. But some years it sucks and wind blows it away early. Would be my last chance to fly direct too. US carriers are starting to cancel service to BA from most hubs.
09-04-2019 10:10 AM
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RE: Argentina public Service Announcement
(09-04-2019 07:02 AM)Crazy Jim Wrote:  You are posting a day later and the rate has already changed. Florida is the pedestrian street you're talking about. Changing money will always depend on personality, some people will want to invest a lot of time in finding the best possible rate, others will just want some cash now and use the official rate. Especially if you use a credit card or atm, you will have to deal with the official rate. For me, largest purchases are paid in dollars for rent. The cost of living is low, $300 usd might last a month for non-rent expenses. Dicking around with the exchange rate means a difference of $30 at most a month. If you're a tourist, just bring enough cash to cover your trip, and you can change $100 usd at a time, that way disreputable money lenders aren't going to target you for any tricks, or, if they do, you're only going to lose a few pesos. If you find yourself with no cash in the middle of the night or somewhere where there are no moneychangers, and use an atm for convenience, you lose a few pesos. I just don't see exchange rates as something to get wrapped around the axle about.

Just because it is under 10% now doesn't mean it's staying under 10%. Today's 30 bucks could turn into a benji next month.

(09-04-2019 08:32 AM)BuckFutter Wrote:  Agree just use atms. You really care about a few pesos for petty cash? Also you can’t really travel with more than $10,000 and not have potential issues with customs or being targeted for robbery; so really making money on the arbitrage is best done on forex or something like that.

The 10,000 USD limit is for undeclared cash. It is not an absolute limit at all, and it isn't an every country thing. Further at that 10,000 USD getting screwed 10% on the fx transaction is 1000 US. At a 20% divergence it is 2000, and so on.

The problem is not making money. The problem is not loosing money to insane old women logic of the same sort that has mentally ill sorts claiming hundreds of genders. Sitting back and taking things simply because that's what is being offered is how women work. Women get offered a bit of fun by a man, she takes it, enough of these things happening to women result in babies for the species to survive. Path of least resistance "lets all get along" stuff and men abdicating their imperative to action is how societies go to hell.

People going all herbivore when this insanity gets presented to the as normal is why Argentina is doomed to keep failing. Hay una falta de machismo.

(09-04-2019 01:06 AM)Going strong Wrote:  
(09-03-2019 11:22 AM)Crazy Jim Wrote:  Today the official rate is 1 usd = 55 ars

It's not really the official rate for all banks though.

It's only the exchange rate proposed by the Banco Nación bank, at 57 actually.

Other local banks will offer a bit more for your dollar, maybe 58 pesos, just walk in and ask them.

Anyway there's no fear to have, regarding changing money "outside of banks", for example in the most touristic peatónal street of central Buenos Aires, you know which one. There's currently no risk from the Law or changers themselves, and you'll get like 62 for your dollar.

Also, someone earlier on the thread wrote more or less that "Colombia was safer, as the guerrilla has ended", and well, it's a bit funny as just a few days ago, the FARC has rekindled its guerrilla war, even allying with the ELN... And as we speak , Maduro is mobilising his army at the Colombian border - while President Duque is far from backing off, even had a few Farc terrorists killed immediately after the terrorists' daring press conference.

So, let's say that, in Argentina, if and when you invest, you gain advantage from the priceless fact that there's no communist guerrilla, no ethnic or religious tensions. That's what clever investors look for, at a time when the world is torn apart between communities.

It's funny isn't it. Colombia has some actual danger and actual drivers of instability, but it actually experiences growth. Colombia has actual economic activity.

On the other hand, the Rio Platense folk are pathologically passive. Argentina's crises are driven because... the folks there just don't do much other than graze.
09-04-2019 12:57 PM
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BBinger Offline
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Post: #46
RE: Argentina public Service Announcement
(09-03-2019 05:40 PM)Crazy Jim Wrote:  How the government chooses to control its currency is not really something to become morally outraged about. You just try to understand it, and accept it as part of doing business in Argentina. Low cost of living even with an artificial exchange rate is still a low cost of living. Residency and citizenship (if you're after a second passport) is also easier than anywhere else in the world. Banking however is a pain. But again just part of doing business here. You should bring all those dollars over here and buy pesos at the blue rate, then go and use the pesos to buy back dollars at the artificial rate lol. I mean just find your advantage where you can. The cost of living here is fairly low and I pay rent in dollars, so the remaining amount of pesos I need just doesn't seem to be worth the hassle, although of course if the gap in the official and unofficial rate changes more, or I need to convert large amounts, I would cross the bridge at that time
ps - Western Union and those services do force conversion to pesos. Bank wires can be received in dollars with dollar accounts, but you can't receive a wire until your account is a year old, and accounts are almost impossible for tourists, so bank accounts aren't really an option for most people in this forum thinking about visiting Argentina.

It appears that you are willing to accept "costs of doing business" that I consider blocking obstacles to doing business. The government here in Uruguay does some stupid things, but the fact that Uruguay knows it can't get away with swapping play money for actual money means business is possible on this side of the river and not on yours.

In a thread where folks are discussing potentially burdening themselves with ownership of Argentine property, the fact that quite a few avenues for bringing money into the country force conversion to monopoly money.... is kind of important. Should someone buy real estate at the bottom and flip it in some hypothetical recovery... that capital controls could prevent them from realizing their gains outside of Argentina is an important risk.

Uruguay's oppressive IVA and import duties are costs of doing business. The 8-ish percent inflation is a cost of doing business. Costs of doing business are things that can be documented by sitting down with a contador.

Obstacles to doing business materialize when the "free market" guy Macri turns to the more offensive parts of the Kirchnerist playbook. When this happens, bright flashing lights ought to start going off. How many weeks into the Fernandez presidency will it take before a "new peso" gets rolled out? Should that happen bank account USD are almost certainly going to be force changed into the "new peso fuerte" at a 1:1 ratio, because history rhymes and it has happened before in Argentina! Argentina didn't fall from a top 10 world economy to more or less Angola in a century without cause.
09-04-2019 01:23 PM
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Crazy Jim Offline
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Post: #47
RE: Argentina public Service Announcement
Exactly, not really a good idea to invest in Argentina, I think making a quick buck flipping property is unlikely
(09-04-2019 01:23 PM)BBinger Wrote:  Should someone buy real estate at the bottom and flip it in some hypothetical recovery... that capital controls could prevent them from realizing their gains outside of Argentina is an important risk.
09-04-2019 01:44 PM
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semibaron Offline
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Post: #48
RE: Argentina public Service Announcement
Just had a look at Airbnbs in Buenos Aires. They are crazy cheap right now. Almost half of what a similar place would cost in Santo Domingo.
09-05-2019 02:04 AM
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NiceGuy Offline
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Post: #49
RE: Argentina public Service Announcement
(09-03-2019 10:42 AM)floridaboiii Wrote:  For those of you thinking about going to Argentina soon check out flybondi.com. Stupid cheap flight prices within Argentina, Paraguay, and now they have some flights to Brazil. The lowest I’ve seen was a flight from Iguazú falls to Buenos Aires for literally 10$.

This situation is crazy though... I can’t wrap my head around it as I was there last month and everything was ridiculously cheap. Hopefully when I get back in December it’s even cheaper.

Are international flights cheap and brand name hotels cheap as well if I pay in their local currency?
09-05-2019 02:52 AM
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Crazy Jim Offline
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Post: #50
RE: Argentina public Service Announcement
Two things to keep in mind about hotels is that you may be charged based on occupancy i.e. if you register as one person and try to bring someone home, this other person will also have to register, and if there is a rate difference, and there often is, you will have to pay for her.
Also she is very likely to be stopped by the front desk and have to show her ID to register.
When you get a hotel through booking.com, they often automatically put you down as two people in the room. And from what I see, you don't pay extra. So getting a room from overseas allows you to avoid that fee.
Also, when you check out, if you are using a foreign passport and foreign credit card, you generally avoid the taxes on the room.
You may have to discuss these taxes and fees for additional guests with the front desk, stand your ground, sometimes they try to force you to pay even if you don't have to.
If you bring multiple women to your room, you may get away with avoiding the fee but if they push on the second woman, then technically you probably do need to pay for the second woman unless you registered for a party of 3. You may get a real hassle with two women in your room. So if you plan for parties like that, rent an apartment.
You can check Kayak.com and other online sites for airfares. I doubt the economic situation in Argentina lowers the costs of flights from overseas. Flybondi is not especially trustworthy, many cancellations and delays.
(09-05-2019 02:52 AM)NiceGuy Wrote:  
(09-03-2019 10:42 AM)floridaboiii Wrote:  For those of you thinking about going to Argentina soon check out flybondi.com. Stupid cheap flight prices within Argentina, Paraguay, and now they have some flights to Brazil. The lowest I’ve seen was a flight from Iguazú falls to Buenos Aires for literally 10$.

This situation is crazy though... I can’t wrap my head around it as I was there last month and everything was ridiculously cheap. Hopefully when I get back in December it’s even cheaper.

Are international flights cheap and brand name hotels cheap as well if I pay in their local currency?
(This post was last modified: 09-05-2019 06:59 AM by Crazy Jim.)
09-05-2019 06:55 AM
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