I'm a 33 years old Argentine living in Spain at the moment but looking forward to invest in the country, create jobs, and help with its recovery. VIVA LA LIBERTAD CARAJO!
I agree, Argentina seems like one of the most exciting places to invest and even move to right now. All the pieces are in place for a strong rebound, they just have to resolve the monetary situation.
I was there for 2 years through Covid. Absolutely beautiful country and with Milei finally has a chance to give its wonderful citizens the future they deserve. I may spend next winter (European) in Ushuaia.
@@fiveleavesleft6521 Ushuaia it's very very beautiful, try to eat the cheesecake of "Olmos" Bakery, it is located in the main avenue of the town, near the prison-museum.
Argentina has all the ingredients to be a great country, no doubt: multiple natural resources, beautiful geography, educated people, good infrastructure, cultural amenities, an European culture with Latin American roots, especially in Buenos Aires and other major cities, etc. Hopefully Milei will turn it around,
@@kippsguitar6539 Of course, Argentina is not in the tropics; it has a temperate climate for the most part, with weather and geography from desert with cacti and mountains in the North to cold winters with snow and glaciers in Patagonia and the South. Mar Del Plata is an excellent resort and beach city (it has a casino) but the water (Atlantic ocean) is cold. Brazilian beach waters are warmer,
Milei is destroying the Economy and you can’t receive Social Security in Argentina. I am Argentine living in the US and retired and wouldn’t be able to receive payments in that country!
Im Argentinian in Australia and after 50 years, I'm close to retiring and would love to move back to Argentina one day. I am happy with the new President but I am worried that the left will make life impossible and will eventually topple Milei. If he manages to get the country going forward, he might survive to go onto a second term otherwise they will be back with the systemic corruption.
This is the risk, it happened with Macri, people expected sudden improvement but that is impossible after so many years of mismanagement and corruption.
The left are vicious in every country. Look what happened in Brazil. They even broke the law to get Lulu back on the ballot and a corrupt criminal gets re-elected. I still do not believe it.
@johnwilly1886 No I'm just thinking about it, one day but not in the next 2 years at least. I need to see the situation there if it improves. Business wise for you, hold off. The new President is trying to eliminate some of the worst laws that hinder society, especially in business. Laws that have been created to benefit the corruption by previous governments, Unfortunately there are still parts of those governments as representatives in opposition which are still big in numbers and are just not allowing Milei to govern but there is a light in that tunnel in late 2025 where there are mid term elections which could mean that a lot of that opposition might be elected out and the country move to a way that this new President wants it to go and so do the people. Plus security there for business, well it's just not the best for newcomers...As for other stuff like teaching, yeah why not if you are not going there to make money on what you're going to get paid. Do it 'for the love' because the income you will get there at the moment isn't much so you'll be dipping into your savings. Not sure if you know Spanish but I watch La Nacion+ here on UA-cam everyday and they seem to be a very positive station as far as supporting the new govt. It's mostly political news and some more. You have other TV channels here that support the old regime and the bias there, like the USA is far greater than here in Australia. Anyway I hope this helps and if you have any other questions, feel free to ask. Cheers!
I think it’s too early to tell. Massive layoffs with no provision on how these people are going to get by. He tried to ban protests. I don’t think that’s worked out. He’s insulted multiple leaders including the Pope and President of Columbia. He’s already embarrassed Argentina on multiple occasions. On the other hand, Argentina is a basket case and this adoration of Peron and his wife Eva, even to this day, is sick. Reminds me of a socialist version of MAGA. However, there are some good people in his government, who are having to make difficult decisions that should have been made decades ago. However, these decisions are hurting a lot of people. I hope that I’m wrong about Milei. Maybe things will work out. Argentina could not continue the way that they were going, so I understand why the voters elected him. I think Macri was on the right path, but the Argentine electorate did not have the patience to stay with him. I was exchange student in Argentina many years ago and would like to retire there, but not sure now with the election of this current government.
Hi everyone! I noticed the comments, and I want to share that Argentinians are genuinely friendly. Friendliness is linked to better mental and emotional well-being. In Argentina, we value and nurture friendships authentically. What sets our friendships apart? Argentinians are warm and affectionate, making you feel welcome and assisting with language barriers. You might even pick up our Spanish-Italian accent! Buenos Aires offers numerous free or affordable cultural activities, reflecting its cosmopolitan and open-minded vibe. Late-night bookstores, cozy coffee shops, theaters, museums, festivals, and concerts are just a few options for fun and finding new friends.
I am planning to visit this year. I want to go to a soccer game there. It will be nothing like soccer in the US which is not as popular. It looks like the season starts in May 12??? Is that FIFA? Can you tell me which team I should go see? I want to get the full authentic Argentina soccer experience.
👉As an Argentinian I can say, we hope that everything will changes towards the right path in the country. We recently got a libertarian president, many people have changed their minds and appreciate the value of living in freedom. We hope for safer cities, prosperity... at the end, a much better place to live. The new president needs to make big changes, but everything will improve by the end of 2024 and ahead.👋🇦🇷
You are dreaming, you don’t understand how the Economy works, less jobs, more Imports will give bigger instability and now crime. I live in the US and I am Argentine. Take basic economic classes before you give false information or opinions!
Just spent a week in Buenos Aires and loved it. You can walk for hours through Recoletta, Palermo, and Beltran. All of these neighborhoods are prosperous with more restaurants, cafes, and parks than can be imagined and filled with friendly and healthy-looking people who maintain the city beautifully. Chances are you will see some dung on the sidewalks, but unlike San Francisco, it’s not from humans. It looks like you can buy a large residence in Beltrano for 500-600k usd.
If things are ever to improve in Argentina, there will need to be some pain, which is likely to trigger unrest, which is why is why the nation's probably best avoided in the near term.
In Argentina if you have money you'll live as a king. Having a foreign pension is perfect as you avoid local inflation and economic risks. I would buy a property as the housing market is strong there as most own their properties and less affected by crises. Could be a wise investment now that Milei is in and the country is focusing on opening up to foreign investment.
As you were talking throughout this video, I couldn’t help but notice that every time you mention something about what Argentina has been experiencing overtime I kept finding myself saying, “oh yeah, that happens here in America to, oh that’s happening here just like there”.
I'm no economist but it seems like if you rack up tons of debt and spend too much, the outcome (faster or slower) ultimately ends up similar regardless of who or where you are.
@@laptopseniors Yeah you're definitely no economist, at least you got that part right. US unemployment is a multi year lows, the Dow is through 36k and corporate profits at are historic quarter highs. The USD which should be collapsing if you are right remains incredibly strong against a basket of currencies. And all in an absolutely horrible global economy. How is the Eurozone doing v US. How about Japan? China at least must be kicking America"s butt since they are the ones lending much of the money. They are fiscally very conservative compared to debt ridden US. So let's take a look shall we? They've stock market is in the crapper, youth unemployment topped 25 percent for the first time in October, something the government immediately addressed by announcing they'd no longer be reporting youth unemployment figures🙄 and housing, which accounts for a staggering 25 percent of GDP, well let's just say it's not looking too solid either 🙄 So explain this to me then if the only metric that matters is how much debt you carry "regardless of which country you are".
I am in Buenos Aires right now. It’s amazing. The culture here is so open. They respect the elderly. Co workers greet each other with a kiss on the cheek A bus ride is 60 pesos ( 6 cents US) Uber rides are 2,000 to 4,000 pesos ($2 to $4 US) You can have a coffee and two small croissants at McDonald’s for about $1 US Steak and a bottle of wine about $40 US
Neal are you retired from the US? How do you get your US money into Argentina so that you can live? Do you do transfers on a weekly bases to pay your bills?
@@tropo100 which Is your standard for 'safe' ? Madrid? Stokholm? Wichita? By far BA Is the safest megacity in the continent... If looking for a 'safe' place like Iceland, move to SW of BA Province. No joking
I took a two week vacation in Argentina in 2009 during the depths of the global financial crisis and it stands even today as my most wonderful and cheapest vacation I have ever experienced in my life.
Excellent video, thank you. I'll be retiring early 2025. Panama is at the top of my list for my retiring overseas plan. But, now with the likely positive future changes to Argentina, that country may be in the running for me. Also, with all the existing, out of the US, dollar denominated debt, it means the US dollar should continue to strengthen with respect to other currencies. So, that should go a long ways towards the benefits for American retirement arbitrage in the future.
Dude, you certainly hit the nail on the head ! As an Argentinian I subscribe every word you said...100 % true. Now, having said that, I should point out this vid of yours is already 9 months old and in this time span a lot of good things have happened. President Milei has kept his word for every promise he made in his campaign. For instance, he received the Government with an inflation rate of about 40% monthly, and has been steadily taking down that figure every month, having it now in August at around 3 %. He won't stop till he makes inflation dissapear, hopefully next year.
As a retired Canadian in Argentina, and NOT a Liberal/Democrat (I lean Right), I can tell you I LOVE living here! Electric vehicles are not being crammed down our throats, red meat is encouraged, and being a "colonist" is not a bad thing. I would take this over Trudeau's woke vision of Canada anyday!
Zero time wasted on that video folks, every second, including the random stories that are clearly first hand memories popping up in the course of your natural delivery. Thanks so very much for the fabulous first and second hand real info. So hard to trust what the media wants to hype, just like what they're doing to Ecuador right now making it sound like the killing fields. Cannot believe you are near 76 Pat! Clearly MUCH older man than your better half! You folks have been living well to be doing so well.
Thank you John. Guess good genes. Travel is our thing instead of big houses, cars, lots of toys etc. We just love the world and different cultures. Plus we actually live fairly cheap. Not that hard when you get out of N. America.
great video guys, I'm an Argentinean living here in the states for the last 55 years and planning on going back in the next few months, thanks for all the info, greetings from San Antonio TX
As an American, I believe in what the new Argentinian President will be implementing, the Austrian School of Economics as the right solution for what Argentina is facing today. It will be a painful start and people will face difficulties, but in the end powerful forces of Supply and Demand will kick in and stabilize the prices. Argentina is a great country that for a long time has been mislead by populist political leaders who apparently do not understand economics (like most politicians in the world who screw up countries and make themselves look good at the expense of National Interest and strategic planning for nations). Argentina is not alone, there are other countries who are in similar situation but they just do not know it because their situation may be less severe or masked by other factors such as the good standing of their currency... Hang in there Argentina, your new President is NOT crazy, to the contrary, he is well educated and knows the right medicine but the old guards may get in his way and derail his plans; but if the people of Argentina fully support the President nothing can impede the wheels of progress that he will be unleashing.
Well-considered video. We're very enthusiastic about Argentina, and are going next month for a scouting trip, hopefully to be based there in the next six months. Argentina is a potential monster economy, and Milei, after listening to him in Spanish a lot, is very intelligent and astute, in my book. Argentina may excel or may crash and burn, but the ride will be fascinating.
We bought land to build a house in a modern barrio privado, earlier this year. Hoping Milei only makes things better and not more expensive once the construction phase starts. We look forward to part time living in Argentina starting in 2025.
@@BOULDERGEEK I'm Argentine and I think you did right. In two years or near I believe the Milei policies will be successfull, but even if I'm wrong, I think Argentina has potential even with anoher politician, most people are tired of Kirchnerism/Peronism.
There are some things to consider for the next two to eight years for Argentina: One, inflation rate is expected to be at least in the range of 400% in 2024 even if Milei do his best (Potentially, it could be more than 12.000%. Yes, twelve thousand); two, many things may be cheap now but with a new currency adopted and a big development process that might be no longer the case (Still, it'll way cheaper than many countries probably, which is great). However, Argentina's future could be really bright if everything goes the right way. So, to anybody interested in Argentina, i hope you enjoy our country and wish you the best. Cheers.
When I spent four months in Argentina in 2013, the official peso as 6 and dolar blue was 10. Now, dolar blue is 1000-1100, depending. Yet, prices are effectively the same as they were ten years ago. Apartments, cars, food are all about the same in dollars. I spent three months there, this year, and my tent was less than half of the US. Food and dining expenses were about 1/5. Two people can live fine for $1200 a month and very, very well for $2000. Going back in January.
@@BOULDERGEEK Sure, in USD the prices are practically the same. But in the local currency you can expect a pair of sneakers costing almost the same as a cellphone, an absurdity just because of the exchange controls a.k.a "cepo" and ludicrously high taxes. Things which got costlier even in foreign currency are cars an any electronics coming from outside the country, again, thanks to taxes.
Great video. I like 🇦🇷 Argentina, been there 5 times. Loved Mendoza, it would be a good choice. Bariloche is to be considered also. And BsAs is awesome, the culture, food, and everything is great. So, in short is to be considered and should be in the retirement radar
@@laptopseniors You bet! Looking forward to traveling down to Argentina. You mentioned in the video that you have lived in Uruguay, do you have any videos about that country?
I considered Argentina for a couple years, but after a year of Spanish lessons, the language barrier seems insurmountable. I'm sure it would change were I immersed in the language, but could I take the pain? I wish the German mountain towns were still going - I would have half a chance. But not so. Two things still appeal to me: (1) The quality of infrastructure. Argentina is Europe. (2) Stay for three years and you become a citizen.
I have only a few years of studying Spansih when traveling in Mexico, Centro and South America. I speak like a three year old. But, it's enough to get by just fine in Argentina. The castellano is very Italian and Espana influenced, so Mexico Spanish won't be very relevant. But, when you leave the grocery store with five pounds of fresh fruits and vegetables, a whole chicken, a kilo of filet mignon and a bottle of great wine for $20 total, you tend to accept a lot. That's easily $200 for us in the US.
I would say this. We went to Uruguay and Argentina with 11 half hour lessons in spanish ahead of time. That was enough. Then...when there, you're immersed so stuff/words/phrases just come to you after awhile and your spanish grows. Plus AR spanish is easier to pick up for some reason. I would suggest Pimsleur's audio lessons (what we used). Try Spanish I. After that, II & III. 90 lessons. You'll be pretty decent. There's NO memorizing and no writing. Just audio. The concept is that a 5 year old can talk pretty darn good before going to kindergarten or first grade where they start to read/write. So you can become a 4 year old just by listening and speaking via the lessons. Your pronounciation will be perfect because you're only reference is hearing a word, not trying to read and pronounce it. For us...they work.
I think Milei is brilliant. Argentina has had a downward trajectory for 70 years. He is doing exactly what needs to be done. Don’t make apologies for him. He speaks a lot of truth. I don’t mind his brashness. It’s better than the constant lies from the other side.
Milei was certainly not crazy about one thing. The politics/economy in Argentina is BROKEN. The Falklands are populated by people 99% of whom consider themselves British. Don't know how all that will go down. Milei's "crazy" stunts just demonstrate that he is a showman who could capture the attention of the people. Nobody else was going to save Argentina. I wish him all the best.
I am 75 retired, I will go live in Argentina for the bright future.. We, Koreans have an experience how one president actually turned the whole country around, from the poorest to one of the wealthiest. President Javier is so similiar to that example.
I know. It can be done. Singapore is another example of one President completely transforming a country. El Salvador recently too. You never know if someone can pull it off, but it's nice to be on that ride when they do.
Thank you very much for your response and videos. I have been drawn to Argentina for years and feel like it might be the time to go. I had just worried about having my possessions taken by the Argentine government since that has happened before. I know there is San Carlos de Bariloche that looks like a Bavarian city in the Rio Negro Province. It has a beautiful lake and mountains around it.
Definitely I would choose Bariloche, Neuquen, San Martin de los Andes, San Rafael, Tandil, Parana (Entre Rios), San Luis, Santa Rosa or Catamarca over Buenos Aires.
It is refreshing to see intelligent people commenting on "sensible" retirement. Recently I had United Airlines suggest I NOT fly to Panama as the road to and from PTY was often blocked. I have had a Pensionado Visa there since 2005, and after the latest video from Bob Adams, a strong intelligent booster of Panama for years, he was not optimistic in the short term for the country. But I remember the controversy about expanding the Canal, and it was done and is successful (they need rain!) Argentina has been on my radar but living in Arizona, (being able to have lunch in Mexico!) it is quite a hike! Like you Pat, I am older, 78, and often must consider healthcare concerns, no matter where. This video did not reference that, which makes me curious. Thanks again for the intelligent comments on Argentina and its potential.
Thanks Chuck. We gave blood for a friend in BA and the hospital was ok but rundown looking. Odd fact.... in BA if someone is to have an operation that will use 5 pints of blood. You, or friends etc need to deposit 5 pints before they'll do the operation (assuming it's not life and death). But, our Canadian friends in BA say they've gotten excellent care in BA. On some counts better than in Toronto. But I think each situation and person ends up different no matter where you are for health care.
My understanding that UA has stopped their flights into Tocumen (Panama City airport). I'm a permanent resident here & I thought this was going to be my forever home & I'm definitely reconsidering my options. Live here in Chiriqui province ( Boquete) & we've been virtual prisoners for 35 days. All the roads have been blocked, no medications have been delivered during this time, businesses and people have been suffering. For almost 30 days, there was no fuel, until shipments started coming in from Costa Rica, though not enough for the population. There is black market gas being sold on the street for $10/gallon. Most of the channels on Panama, people don't live here, they live in Coronado or Panama City. Life there has been pretty much the same for people in those areas, but not for the rest of the country. Bob Adams is a cheerleader for Panama & always chooses to see the most positive outcomes. If you want to really know what is going on check out this site for daily updates on Panama: www.igopanama.com
@@laptopseniors Mary is the creator of that channel, I don't use FB but supposedly she has 30k active followers there. What I've found helpful regarding the daily updates on the protests was the translation from La Prensa articles. Since the majority of new residents in Panama don't have the command of Spanish to read an article without translation this has been helpful. While the mining contract was voted unconstitutional this morning, we are seeing that Saul Mendez leader of Suntracs (one of Protest Groups) is saying that the roads will remain closed until the mine is officially closed. A full closure of the mine could take years. Let's see how this progresses. In an earlier article in La Prensa, the government had seized 18 bank accounts that had terroist activities to one of the protest groups.
@@mtngrl5859 Translating local spanish news into english is huge for everyone out of Panama. I was pretty sure the Supreme court would kill the contract. If they didn't, Panama would owe the company big dollars. But now, without a legal contract, it's moot. It's odd though that the mine has been operating for years with no pushback, and seems to add a lot of jobs and a huge amount to the GDP of the country. Now, sort like killing the golden goose. There must be more to it all.
Thank you for your info on Argentina. Unfortunately, taxes are too high for me to retire there. It looks like the retirement visa only allows you to be tax exempt for one year. After that, it will be 35% on anything over $6,000 plus an extra "wealth tax" for anything over $30k. Yes, cheap to live but that's a huge amount of tax on a fixed income pension.
I'm going to be 76 in about a week also and I watch your videos quite often, and hope to meet with you when i decide to move to Panama next year. Keep up the good work and have a happy Birthday too.
I just got my Mexican permanent resident visa. It's one of the easiest visas to get but Mexico isn't cheap anymore and the Canadian dollar is weak. 30%-35% less than the USD. I've been interested in Argentina for a long time and with Javier Milei as President and possibly moving to the USD with the help of Dr. Steve Hanke who helped implement dollarization of Ecuador. Hanke's advice, proposed dollarization for Argentina - first in 1995 and again in January 1999. In February 1999, Menem asked Hanke to prepare a dollarization blueprint for Argentina. This proposal was never acted upon, and the convertibility system ultimately collapsed in 2002.
I just saw a very flattering financial article on Bloomberg about that. Evidentliy Wall St. liked his visit, his pick for Fed Chair, and what he had to say. An interview he did most definitely was that he's banking on copying Ecuador in how they moved to the US dollar....only not making the mistakes they made in timing.
Bear in mind that Ecuadorans lost 50% of their equity and net worth during their dollarisation period. I'm in Ecuador, now, and locals talk about an absolutely miserable three year period. I feel for anyone who is bagholding pesos and being paid in Argentine pesos. Their system is effectively already using USD as the currency for all real transactions. I bought land and had to bring a sack of money in hundreds. It's like a movie. You lose a lot trying to transfer US funds to Argentina, though, as the dollars are greymarket and smuggled. Hopefully Milei will help with that.
I have friends in Canada and they are really in difficult position when it comes for qualifying for the financial requirements of the countries they want to retire to due to horrible USD exchange...
I go to Montreal every summer for the festivals and wow post Covid I got sticker shock with how much stuff costs. If it wasn't for the USD discount, I would not go there anymore. The country has moved too far left and the results are terrible.
Finally! Thank you so much! I have been waiting for this! 😅 My husband and I are 57 and we are seriously considering retiring in a quiet community in Argentina. Any insights you can offer are appreciated! Thanks again!
Just saw him in another interview (gotta love youtube), and he's going to copy Ecuador's move into the US Dollar. That took 9 months from when they started the process in earnest. Basically attrition of the peso until it reaches around an 80% mass of dollars and then a full flip. So...basically the anomaly of the great exchange rate will be going on for at least a year - year and a half - for expats with other currencies.
I am a US citizen and have lived in Bolivia for 35 or so years. Don't laugh, because it is in my opinion, a well kept secret. You might want to consider it.
@@robertboni3776 We have open minds. We are willing to consider all options. The reality is that we retire in 8 years and may live for another 30 so we will need te ensure that our pension last! Thanks
If you like a quiet. city with warm dry weather, I recommend Salta. I've decided to start off in Buenos Aires and then look further a field. My favorite neighborhood in BA is Recoleta.
Amazing how things have change since you guys made this video to now, for example now you have 30 years mortgages offered by banks down there, Javier milei is changing economy all around, he has 30 to 40 years plan and I believe that’s the way you plan to turn countries around, of course he’s not going to be all those years but he’s establishing economics foundation for a non stop growth wich is going to be hard to change for other governments, the cultural battle the be on the right path socially and economically is happening and although the suffering people is having now everybody agrees that is worth it, I understand for retirement daily economy matters but also way you want to leave and enjoy retirement and Argentina and his friendly culture makes it really interesting place to live. I really enjoy the video, thanks again for this point of view
You've got it exactly backwards about the way China invests in other countries. What you described is the way the U.S., the World Bank, etc. operates. China builds infrastructure in partner countries, whereas the U.S. makes loans in dollars and then takes property when those loans can't be repaid. And the U.S. method is coming to an end.
I’m sorry but you are mistaken sir. As a Turkish I can say that the prices of the real estate in Turkey is pretty much locked to USD and real estate is usually seen as a hedge against inflation. Sooo the property prices never plunged like you said. It only goes up
This guy touches on that and more. We've been dealing with Visas and following this stuff since the 70's. He does really good videos with explanations and specifics. I'd recommend watching his latest on Argentina as he touches on visas and requirements etc. ua-cam.com/video/UYs4DCEsdBI/v-deo.html
I've been living in Buenos Aires for 5 months and completely fell in love with the city. There is just so much to experience here and fun things going on. There are many other cities in Argentina that are incredible too. Our plan is to keep exploring the world for now and eventually come back to buy property and raise a family in Argentina.
Your videos are excellent - really appreciate the info. I though that example of rent you used was a bit pricey, though. What other nice BA neighborhoods have cheaper rent? Like around $500/month or less, any? Or is that for a studio? Lastly, what reputable real estate sites are there in Buenos Aires for rentals? Thanks for all you do!!
July 2024 - American lived in Buenos Aires 2023 and it's a wonderful city. Today peso is 2,000 to $1.00 USD but because of inflation food and product prices are same or more than US. I found Real Estate prices high. They only accept US Dollar. Meaning one would need to do a wire transfer. Many people spoke about city of Mendoza being their favorite so I will be visiting that area soon. I found Uruguay much smaller and overall much more expensive than Argentina and the US. In BA 80% of people live in apartments so HOA is something to consider.
I strongly considered moving to Argentina until I heard there is no stability in the renter market. What your apartment lease is today is not necessary what your cxompelled to pay tomorrow. Please tell me i am uniformed. Erik
Thank U. I see Panama going there where Argentine is now. I was checking for a while now if Panama would be for me to life. I'm retired and life in Thailand but i have enough of the chaos in almost everything and extreme Visa laws,danger, bad air and water,extreme corruption,Coups, and "non Thais" pay for many things, officially, 2-10x more. The Canal problems r getting extreme,foreign investments going down,less Tourists,Clomate crisis,extreme corruption,more Demonsrtations in the Future, now that they know what to do the next time...Just too much chaos coming im afraid. U take care.
It is crazy to see how the rules of the game have changed six months after this video was released. The gap between exchange rates is closing and is expected to disappear in the coming months, so financial arbitrage will no longer be possible. The inflation rates are being tackled too. An apartment in Buenos Aires can be bought for 100K USD or less, which is cheap by US standards. Mortgages are now being offered by many banks, so you don’t need to bring the money in one payment necessarily. Nice video, and thanks for considering my country for retirement. You are always welcome! 🇦🇷🇺🇸🇨🇦🇪🇺
Thank you. Please keep us informed about the situation in Buenos Aires. What are the safe areas in Buenos Aires? What are the taxes like there? I hear that the Argentinian tax system pretty much take any expats to the cleaners!
This may help you. I saw this blog site. Now it is a blog site so it's totally their opinion. Looked like more bad areas than I would say, but its a start. The good areas, are definitely good. For us, Recoleta and any Palermo area is great. www.google.com/maps/d/viewer?msa=0&ie=UTF8&ll=-34.604314459023946%2C-58.391837073974614&spn=0.104829%2C0.104391&t=m&source=embed&mid=1du2sGmyQmZUrKrs9fyo-CEYBeVc&z=13
We are looking to spend six to nine months a year in Argentina. Building a casa in 2025. We still haven't gotten concrete info on how to become a temporary resident without being a taxable resident. Like Spain, Argentina imposes a global wealth tax of foeigners. Spain's is up to 24%. Just ask Shakira with all of her recent tax problems. I will be going back in January and need to get to the bottom of what this means for us. Do we need to make a Delaware corporation to encapsulate all of out US assets so they can't probe? Maybe Milei will make residency and taxation easier for extranjeros.
@@BOULDERGEEK A temporary resident (under the 183 days in a year in country requirement), is not in the tax system. You'd want to talk to someone who deals with this directly, but if say you're only there as a snowbird, you'd not pay any taxes. For permanent year round living, the tax system kicks in. You might have to declare that Delaware corp too, so it may not help so much. We have a friend (one of the best international tax lawyers in the world), and he owns and lives in Argentina. But....also in London and Canada. He doesn't stay over 120-150 days anywhere, so out of all jurisdictions.
I lived in Argentina and where your not telling the real story. They sell property not in pesos but in Dollars. Don’t be fooled when they talk about the how cheap property could be. I lived there for years. The advantage is you can pay month in advance. I had a 2 bedroom apartment. They rent in dollars value I now live in Brazil
Turkey information is completely incorrect. I was there. Yes, dollar went up against Turkish lira. But, prices of everything, went up even more.... Now, everything is more expensive then what it used to be .
It's funny, you don't hear much about retirement in Peru. We visited Lima, Cusco and of course Machu Picchu in 2004 and loved the country. Lima was a bit rough back then in some areas but still it was great.
Argentina NEVER had the Falklands, so it would not be possible to give them 'back'. On top of that the people living there want to be British and NOT Argentinian, so there's really zero chance of the UK giving it to Argentina. There is no argument for them to give it to them. It has never been Argentinian land and they have plenty of land as it is. Why would the UK give it to another country just because it's close to them???
Great explanations and I am Argentinean born and raised in Buenos Aires. Milei is a wonderful president and retirement here will be awesome! I have hope for the first time in my life thanks to Milei.
That oil reserve would’ve helped tremendously decades ago but isn’t the world moving away from fossil fuel in the near future ? If that oil extraction project ever happens it might be a bit too late by then.
Somewhere around 80-85% of the world runs on oil, or uses oil (it's in virtually everything that's made...including electric cars). Govt. estimates park it at at least 50 years before western countries are 'electric' mainly. So...long horizon.
Not sure your description of a real estate purchase is the best option. I have read that it’s possible to have the seller create an account outside the country. The transfer can occur to that account but must be stipulated in the contract and the process the “title comp” follows
We've heard of that too Jose. Just seemed to make our video more complicated then. Not sure how it legally was done in AR, but people have simply transferred dollars in Miami from the buyer's account to the sellers (different accounts obviously). No exchange, no hassle, quick etc. Many Argentines have their savings in Uruguay and/or Miami.
Hello there! Two corrections 😊 .1) Avenida 9 de julio has also tunnels underground to cross it. 2) It was Eva Perón who forced factories to give away things ( like bikes) and the goverment never paid for them ( not Cristina). Kristina only cared about u$ doblars 😮.
I started traveling to Argentina in early 1990’s. Been following the situation there for a long time. Been following Milei for three years. I also have friends there. You have explained things pretty well, but there are two things that need to be clarified. First of all the population of the autonomous city of BA(CABA) is about 3.5 million. The population of the province of BA is 15.5 million. Think of it like NY City and NY State. Secondly, Milei never had in his campaign a push for the adhesion of the Falklands. As a matter of fact he was pegged as not wanting to have the islands be taken over by Argentina. That was because he indicated being an admirer of Margaret Thatcher. She is the one that declared war on Argentina in 1982. It is all a moot point since the adhesion of the Falklands is in the Argentinian constitution. Things are going to get worse before it gets better. That is a consequence of the last 20 years government of the Kirchner couple and its excessive corruption and mishandling of the economy with deficit budgets, debt and money printing.
Thanks Wolfgang. I saw the Falklands part in an interview with him (translated on screen). In it he was expressing interest in the Falklands but not much more in the interview. I added the part in about the oil because it came up when we were living in BA and it just seems like a lot of money if a deal could be worked out with Britain.
Wise choice. We just wanted to flag that things may be improving. Portugal is fantastic although people are now leaving. Spain is great to but similar deal due to unrest there. Seems the entire world is messed up in some way so it'a a big decision to find one that works for you or close to your ideals.
Do not know how long it would take but "Universal Income" is coming and governments need money...Switzerland and Germany are already testing that system....Blackrock ,Invitation Homes are buying whole real estate stocks in USA..So in the future no one will be able to buy houses but rent only... @@BOULDERGEEK .I do not have TV since 2015...So soon I hope moving to a place and not reading the news again ....that s the plan..
It seemed safe to us, as much as any other big US city. But that was a decade ago. Our friends live there permanently and they have no issues so it would seem that if you're careful like any other place and live in decent areas (there's LOTS of good areas), it'd be fine. We can remember many people there of color so again, I'd guess it's fine. Perhaps others who llve there now can jump in on this.
I have an income each month of a touch over £1,000 and was told that it is enough to have a good quality of life renting , utilities and food for that. I am also looking at San luis, La Plata , Tucaman , Mar Del Plata and perhaps BA ( outskirts) Thanks for sharing …….Gracias
How does one purchase Argetine Pesos in the US? My three banks dont offer them nor does the post office. How about real estate? I want to invest with intent to visit and or move there in the future. Any advice?
Where are you in Florida? I am in Cape Coral. Nice weather today. Unfortunately it seems like it would be unsafe to be in Argentina if you are a foreigner. Especially as a retiree because you would not be able to afford those armed guards all the time. It sounds like a golden opportunity for the really rich. Personally I would wait to see if any of these things the President is planning will come to pass.
From what we experienced (many years ago though) and what our friends say right now....you don't need body guards at all. It's not like that. That'd be a Rio thing.
Hi Annie, Vivi here... the body guards are in the house buying situation only where you carry lots of cash. Thanks for following us so long. We appreciate you ❤
I ve never seeen in my entire life a single person having armed guards in Argentina, hahah, i do not know where you heard that, because it is clearly not true.
I sold an apartment in Buenos Aires a few years ago, the way you describe the transaction is fairly correct, expect we didnt have armed guards with us, neither did the buyer.
Thanks Cavius, I thought our friends were a bit over the top on it. Good to know all the rest was fine. Although, maybe they actually had guards. I'll have to ask again.
Thank you for the informative video. I would like to know from you the following please: How is the quality of the medical care overall in Argentina? How is the overall personal safety? Is it safe for a foreigner to open a bank account in Argentina? How is the visa situation for foreigners? How is the cost of living overall? Thank you.
Not sure about the bank situation right now. I'm sure that's changing as the government loosens and changes things. As for all the rest, they're good. Especially if you have money that's not pesos (US or Canadian dollars, Euros etc)
Surely -- this can't last ? --- What is the worst that - '''could''' - happen ? --- The people must be fit to be tied and have had ''enough'' ? > Potential of the country should be worthy for many in Congress to help them out - perhaps with stipulations in place ? - - - Seems very risky for old people to retire there given the 'uncertainty' for the strength of their retirement dollars ? The inflation '''potential''' scares the hell out of me !!!
It wasn't a hundred years ago. Peron was president from 1946 to 1955. Then again from 1973 to 1974, when he died. During his first term in office, women obtained the right to vote, work hours were reduced, paid sick days and vacation days were generalized for all industries, a minimum wage was established, rural wages were increased, and much more. As for Milei, he's talked about privatizing the healthcare industry. He wants to deregulate the economy by adopting the dollar as the country's currency (ask Ecuadorians how well that has worked for the average person). he also wants to eliminate the central bank. He already altered or revoked 300 regulations. Health care was not spared. "As part of the decree, price caps and controls on the costs of private health insurance plans were eliminated, leaving them to shoot up as much as 40%. We expect that, during his presidency, the role of private health providers will increase, which could heighten health inequality in the country and make health care unaffordable for the majority of the population, said BMI." How's that helping Argentinians? Milei is another RW politicians that is eroding the country's social safety net in favor of benefitting the wealthy and corporations. Think of him as a Republican.
Nothing similar yet although it may be coming. This guy's company is an expert on expats moving all over the world. He too just did a video on the election in Argentina with a focus for visa's and citizenship there. And, a similar positive take like we have on the future of the country. Try this video: ua-cam.com/video/UYs4DCEsdBI/v-deo.html
The colour of the Pink House represent the union of both fighting sides of the 30+ years civil war. One side had white bannert, the other red. The first president after the war mixed the colours to represent union
Individuals resident in Argentina are taxable on worldwide income and may obtain a foreign tax credit for taxes paid on income from foreign sources. So, if CH taxes you more than AR, you'd pay no AR tax. If they don't, you'd have to make up the difference. Non-residents and foreign beneficiaries are only taxable on their Argentine-source income. That'd all depend on how long you're in the country each year etc. Best to talk to an accountant there.
I have a lot of confidence now that Argentina will be moving forward. The young generation voted him in, and that is great for a country- to have the young people on your side. Argentina was on my list of places to retire to about 2 months ago- but now they have raised the monthly passive income amount for US citizens to $2,000 a month, and I will be slightly under. Shame.
I did not understand your comment. With 1000 dollars, in Argentina, you can live like a king. And if you have the possibility to buy, a big apartment in an elegant neighborhood costs 150 k.
Argentina has a lower crime rate than the United States by far. I’ve been traveling there since I was a child as my parents are from there. I feel safer there than I do in the United States.
I was in BA back in 2016 for about six months. Beautiful city, nice people and nice climate. Its back on my radar after this presentation. The only problem is its like at the edge of the world lol. However, if I go back, ill probably retire there for good.
Great video. Thank you. One comment: please don't compare Mr. Javier Milei with someone like Trump. Trump doesn't know how to spell Economic. Mr. Javier Milei is a highly educated economist. Although people will go through a hard time this year, given a chance Argentina will gain its Economy revitalized soon.
I'm a 33 years old Argentine living in Spain at the moment but looking forward to invest in the country, create jobs, and help with its recovery. VIVA LA LIBERTAD CARAJO!
I agree, Argentina seems like one of the most exciting places to invest and even move to right now. All the pieces are in place for a strong rebound, they just have to resolve the monetary situation.
Genio!
I was there for 2 years through Covid. Absolutely beautiful country and with Milei finally has a chance to give its wonderful citizens the future they deserve. I may spend next winter (European) in Ushuaia.
@@fiveleavesleft6521 Ushuaia it's very very beautiful, try to eat the cheesecake of "Olmos" Bakery, it is located in the main avenue of the town, near the prison-museum.
Estoy pensando exactamente en lo mismo y tenemos casi la misma edad (34)
Argentina has all the ingredients to be a great country, no doubt: multiple natural resources, beautiful geography, educated people, good infrastructure, cultural amenities, an European culture with Latin American roots, especially in Buenos Aires and other major cities, etc. Hopefully Milei will turn it around,
Agreed but beaches lacking compared to the tropics
@@kippsguitar6539 Of course, Argentina is not in the tropics; it has a temperate climate for the most part, with weather and geography from desert with cacti and mountains in the North to cold winters with snow and glaciers in Patagonia and the South. Mar Del Plata is an excellent resort and beach city (it has a casino) but the water (Atlantic ocean) is cold. Brazilian beach waters are warmer,
Milei is destroying the Economy and you can’t receive Social Security in Argentina. I am Argentine living in the US and retired and wouldn’t be able to receive payments in that country!
Im Argentinian in Australia and after 50 years, I'm close to retiring and would love to move back to Argentina one day. I am happy with the new President but I am worried that the left will make life impossible and will eventually topple Milei. If he manages to get the country going forward, he might survive to go onto a second term otherwise they will be back with the systemic corruption.
💰 ua-cam.com/video/vhkuE9SiWoQ/v-deo.html
💔 ua-cam.com/video/rgWvYPnM280/v-deo.html
This is the risk, it happened with Macri, people expected sudden improvement but that is impossible after so many years of mismanagement and corruption.
The left are vicious in every country. Look what happened in Brazil. They even broke the law to get Lulu back on the ballot and a corrupt criminal gets re-elected. I still do not believe it.
@johnwilly1886 No I'm just thinking about it, one day but not in the next 2 years at least. I need to see the situation there if it improves. Business wise for you, hold off. The new President is trying to eliminate some of the worst laws that hinder society, especially in business. Laws that have been created to benefit the corruption by previous governments, Unfortunately there are still parts of those governments as representatives in opposition which are still big in numbers and are just not allowing Milei to govern but there is a light in that tunnel in late 2025 where there are mid term elections which could mean that a lot of that opposition might be elected out and the country move to a way that this new President wants it to go and so do the people. Plus security there for business, well it's just not the best for newcomers...As for other stuff like teaching, yeah why not if you are not going there to make money on what you're going to get paid. Do it 'for the love' because the income you will get there at the moment isn't much so you'll be dipping into your savings. Not sure if you know Spanish but I watch La Nacion+ here on UA-cam everyday and they seem to be a very positive station as far as supporting the new govt. It's mostly political news and some more. You have other TV channels here that support the old regime and the bias there, like the USA is far greater than here in Australia. Anyway I hope this helps and if you have any other questions, feel free to ask. Cheers!
I think it’s too early to tell. Massive layoffs with no provision on how these people are going to get by.
He tried to ban protests. I don’t think that’s worked out. He’s insulted multiple leaders including the Pope and President of Columbia. He’s already embarrassed Argentina on multiple occasions.
On the other hand, Argentina is a basket case and this adoration of Peron and his wife Eva, even to this day, is sick. Reminds me of a socialist version of MAGA.
However, there are some good people in his government, who are having to make difficult decisions that should have been made decades ago. However, these decisions are hurting a lot of people.
I hope that I’m wrong about Milei. Maybe things will work out. Argentina could not continue the way that they were going, so I understand why the voters elected him.
I think Macri was on the right path, but the Argentine electorate did not have the patience to stay with him.
I was exchange student in Argentina many years ago and would like to retire there, but not sure now with the election of this current government.
Hi everyone! I noticed the comments, and I want to share that Argentinians are genuinely friendly. Friendliness is linked to better mental and emotional well-being. In Argentina, we value and nurture friendships authentically. What sets our friendships apart? Argentinians are warm and affectionate, making you feel welcome and assisting with language barriers. You might even pick up our Spanish-Italian accent! Buenos Aires offers numerous free or affordable cultural activities, reflecting its cosmopolitan and open-minded vibe. Late-night bookstores, cozy coffee shops, theaters, museums, festivals, and concerts are just a few options for fun and finding new friends.
I am planning to visit this year. I want to go to a soccer game there. It will be nothing like soccer in the US which is not as popular. It looks like the season starts in May 12??? Is that FIFA? Can you tell me which team I should go see? I want to get the full authentic Argentina soccer experience.
👉As an Argentinian I can say, we hope that everything will changes towards the right path in the country. We recently got a libertarian president, many people have changed their minds and appreciate the value of living in freedom. We hope for safer cities, prosperity... at the end, a much better place to live. The new president needs to make big changes, but everything will improve by the end of 2024 and ahead.👋🇦🇷
Pulling for your country!!
No tenes idea de lo que desis nene !! Con este adolfito habrá fuego y sangre en las calles , lamentablemente
❤ we hope so.we like to see great Argentina.
You are dreaming, you don’t understand how the Economy works, less jobs, more Imports will give bigger instability and now crime. I live in the US and I am Argentine. Take basic economic classes before you give false information or opinions!
Can't wait to visit and possibly live in argentina. Hoping for the best.
Never thought of Argentina for retirement before. This video opens up new possibilities
Please don't come here
@@Lorne-f6l
Hello 👋.How are you doing?
Ok.Give me 5 reasons not to go to Argentina? Thank you🇨🇦. Best regards to all of you.❤😊.
New president of Argentina was the best thing to happen for the country and its citizens.
Big time. So happy for the people!
Don’t celebrate prematurely! Give it time, things could not go as you expect.
Jajaja go live in Argentina
El nuevo presidente fue lo peor que nos pudo pasar a los Argentinos
@@user-fn8vb2cn8h cuéntame, como se esta viendo la cosa allá?
As I research Argentina for retirement, this was so helpful!
Please don't come here
@@Lorne-f6l You don't own the country.
@@Lorne-f6l why?
Just spent a week in Buenos Aires and loved it. You can walk for hours through Recoletta, Palermo, and Beltran. All of these neighborhoods are prosperous with more restaurants, cafes, and parks than can be imagined and filled with friendly and healthy-looking people who maintain the city beautifully. Chances are you will see some dung on the sidewalks, but unlike San Francisco, it’s not from humans. It looks like you can buy a large residence in Beltrano for 500-600k usd.
*Belgrano
Thank you my friend, the name is Belgrano
you mean belgrano
500-600K is not cheap, best stay in USA. 5-6k usd would be more realistic
Yes...really hard to not like BA. It's a great city.
Teatre' Colon is one of the most beautiful buildings I have ever been in. I liked BA and Mendoza and Bariloche. Viva Argentina!
Incredible theatre.
If things are ever to improve in Argentina, there will need to be some pain, which is likely to trigger unrest, which is why is why the nation's probably best avoided in the near term.
In Argentina if you have money you'll live as a king. Having a foreign pension is perfect as you avoid local inflation and economic risks. I would buy a property as the housing market is strong there as most own their properties and less affected by crises. Could be a wise investment now that Milei is in and the country is focusing on opening up to foreign investment.
@@aldozilli1293won’t you be taxed on that?
the frase is "I didn't come here to lead lamb, I came here to wake up lions"
RIGHT....I knew I had that not quite right. Thanks.
There is a phrase like that too
*the phrase
As you were talking throughout this video, I couldn’t help but notice that every time you mention something about what Argentina has been experiencing overtime I kept finding myself saying, “oh yeah, that happens here in America to, oh that’s happening here just like there”.
I'm no economist but it seems like if you rack up tons of debt and spend too much, the outcome (faster or slower) ultimately ends up similar regardless of who or where you are.
Nonsense. The USA doesn't have the huge unemployment. The USA doesn't have the huge inflation. It is nothing like Argentina.
@@laptopseniors Yeah you're definitely no economist, at least you got that part right.
US unemployment is a multi year lows, the Dow is through 36k and corporate profits at are historic quarter highs. The USD which should be collapsing if you are right remains incredibly strong against a basket of currencies. And all in an absolutely horrible global economy.
How is the Eurozone doing v US. How about Japan?
China at least must be kicking America"s butt since they are the ones lending much of the money. They are fiscally very conservative compared to debt ridden US.
So let's take a look shall we?
They've stock market is in the crapper, youth unemployment topped 25 percent for the first time in October, something the government immediately addressed by announcing they'd no longer be reporting youth unemployment figures🙄 and housing, which accounts for a staggering 25 percent of GDP, well let's just say it's not looking too solid either 🙄
So explain this to me then if the only metric that matters is how much debt you carry "regardless of which country you are".
I am in Buenos Aires right now. It’s amazing. The culture here is so open. They respect the elderly. Co workers greet each other with a kiss on the cheek
A bus ride is 60 pesos ( 6 cents US)
Uber rides are 2,000 to 4,000 pesos ($2 to $4 US)
You can have a coffee and two small croissants at McDonald’s for about $1 US
Steak and a bottle of wine about $40 US
Thanks for writing Neil. The negative stuff is usually from people who've never been there. Great to have first hand info.
That's true, but unfortunately, Buenos Aires is not a safe city; that was why I left the country after 12 years of living there.
@@tropo100 Cordoba, San Juan, Salta, Nequen, MDZ are all safe and affordable places to live with high quality of life.
Neal are you retired from the US? How do you get your US money into Argentina so that you can live? Do you do transfers on a weekly bases to pay your bills?
@@tropo100 which Is your standard for 'safe' ? Madrid? Stokholm? Wichita? By far BA Is the safest megacity in the continent...
If looking for a 'safe' place like Iceland, move to SW of BA Province. No joking
Great vid, thanks. Best travel/retirement blog for SA I have watched. No BS, just the facts. No fake news.
Thank you.
I took a two week vacation in Argentina in 2009 during the depths of the global financial crisis and it stands even today as my most wonderful and cheapest vacation I have ever experienced in my life.
You look amazing for 76. I would have thought you were low 60s!
Just lucky I guess Alexander.😀
Excellent video, thank you.
I'll be retiring early 2025. Panama is at the top of my list for my retiring overseas plan. But, now with the likely positive future changes to Argentina, that country may be in the running for me.
Also, with all the existing, out of the US, dollar denominated debt, it means the US dollar should continue to strengthen with respect to other currencies. So, that should go a long ways towards the benefits for American retirement arbitrage in the future.
Glad it was helpful!
There are a lot of unhappy expats in Panama right now. You might want to investigate further.
@@danspencer4235 There are unhappy expats EVERYWHERE, in EVERY country now!
@@danspencer4235 Here in Ecuador, I know several people who used to domecile in Panama and are now in Ecuador.
@@danspencer4235would be interested to know more, as Panama is on my list of retirement places. Could you dwell more or send a reference?
Dude, you certainly hit the nail on the head ! As an Argentinian I subscribe every word you said...100 % true. Now, having said that, I should point out this vid of yours is already 9 months old and in this time span a lot of good things have happened. President Milei has kept his word for every promise he made in his campaign. For instance, he received the Government with an inflation rate of about 40% monthly, and has been steadily taking down that figure every month, having it now in August at around 3 %. He won't stop till he makes inflation dissapear, hopefully next year.
As a retired Canadian in Argentina, and NOT a Liberal/Democrat (I lean Right), I can tell you I LOVE living here! Electric vehicles are not being crammed down our throats, red meat is encouraged, and being a "colonist" is not a bad thing. I would take this over Trudeau's woke vision of Canada anyday!
How do average Argentinians afford to live, when prices go up by that much.
How much is the rent where you live?
Allowing you, an immigrant, into Argentina sounds very liberal to me.
I just found your channel! This is excellent information! Thank you!
Zero time wasted on that video folks, every second, including the random stories that are clearly first hand memories popping up in the course of your natural delivery. Thanks so very much for the fabulous first and second hand real info. So hard to trust what the media wants to hype, just like what they're doing to Ecuador right now making it sound like the killing fields. Cannot believe you are near 76 Pat! Clearly MUCH older man than your better half! You folks have been living well to be doing so well.
Thank you John. Guess good genes. Travel is our thing instead of big houses, cars, lots of toys etc. We just love the world and different cultures. Plus we actually live fairly cheap. Not that hard when you get out of N. America.
Hi John, Vivi here- Thanks for your comments, encouragement and especially the flattery 😊
Women are better hiding their age!!!
All that plaster & coatings..etc.🎉😂😅❤😊
Thank you so much for the interesting history tidbits!
Thank you for sharing your experience in Argentina, after the presidents speach in Davos i am concidering to move there, kind regards from Sweden
Great video. You seem so down to earth. Can't wait to get the next video.
Thanks Tim.
great video guys, I'm an Argentinean living here in the states for the last 55 years and planning on going back in the next few months, thanks for all the info, greetings from San Antonio TX
Thank you, very timely after the election! Good info!
Glad it was helpful!
As an American, I believe in what the new Argentinian President will be implementing, the Austrian School of Economics as the right solution for what Argentina is facing today. It will be a painful start and people will face difficulties, but in the end powerful forces of Supply and Demand will kick in and stabilize the prices. Argentina is a great country that for a long time has been mislead by populist political leaders who apparently do not understand economics (like most politicians in the world who screw up countries and make themselves look good at the expense of National Interest and strategic planning for nations). Argentina is not alone, there are other countries who are in similar situation but they just do not know it because their situation may be less severe or masked by other factors such as the good standing of their currency... Hang in there Argentina, your new President is NOT crazy, to the contrary, he is well educated and knows the right medicine but the old guards may get in his way and derail his plans; but if the people of Argentina fully support the President nothing can impede the wheels of progress that he will be unleashing.
Well said, John. Thank you for your comment . We hope you keep following us 😊
Well-considered video. We're very enthusiastic about Argentina, and are going next month for a scouting trip, hopefully to be based there in the next six months.
Argentina is a potential monster economy, and Milei, after listening to him in Spanish a lot, is very intelligent and astute, in my book. Argentina may excel or may crash and burn, but the ride will be fascinating.
We bought land to build a house in a modern barrio privado, earlier this year. Hoping Milei only makes things better and not more expensive once the construction phase starts. We look forward to part time living in Argentina starting in 2025.
Suena como un una América " ALIEN en explorAción 😂
@@BOULDERGEEK I'm Argentine and I think you did right. In two years or near I believe the Milei policies will be successfull, but even if I'm wrong, I think Argentina has potential even with anoher politician, most people are tired of Kirchnerism/Peronism.
There are some things to consider for the next two to eight years for Argentina: One, inflation rate is expected to be at least in the range of 400% in 2024 even if Milei do his best (Potentially, it could be more than 12.000%. Yes, twelve thousand); two, many things may be cheap now but with a new currency adopted and a big development process that might be no longer the case (Still, it'll way cheaper than many countries probably, which is great).
However, Argentina's future could be really bright if everything goes the right way. So, to anybody interested in Argentina, i hope you enjoy our country and wish you the best. Cheers.
When I spent four months in Argentina in 2013, the official peso as 6 and dolar blue was 10. Now, dolar blue is 1000-1100, depending. Yet, prices are effectively the same as they were ten years ago. Apartments, cars, food are all about the same in dollars. I spent three months there, this year, and my tent was less than half of the US. Food and dining expenses were about 1/5. Two people can live fine for $1200 a month and very, very well for $2000. Going back in January.
@@BOULDERGEEK Sure, in USD the prices are practically the same. But in the local currency you can expect a pair of sneakers costing almost the same as a cellphone, an absurdity just because of the exchange controls a.k.a "cepo" and ludicrously high taxes. Things which got costlier even in foreign currency are cars an any electronics coming from outside the country, again, thanks to taxes.
Great video. I like 🇦🇷 Argentina, been there 5 times. Loved Mendoza, it would be a good choice. Bariloche is to be considered also. And BsAs is awesome, the culture, food, and everything is great. So, in short is to be considered and should be in the retirement radar
Definitely for Mendoza and Bariloche. We didn't get to do that side of Argentina but friends have. All rave about them both.
Excellent video, have always had a love for Argentina! Some of the comment here are next level,
Thanks for watching and sharing encouragement. :)
@@laptopseniors You bet! Looking forward to traveling down to Argentina. You mentioned in the video that you have lived in Uruguay, do you have any videos about that country?
@@mtngrl5859 Yes. Tons. Definitely going to do those too. We had a great time there. But...
@@laptopseniors
But!...It's a cliff hanger!😮😊
I considered Argentina for a couple years, but after a year of Spanish lessons, the language barrier seems insurmountable. I'm sure it would change were I immersed in the language, but could I take the pain?
I wish the German mountain towns were still going - I would have half a chance. But not so. Two things still appeal to me: (1) The quality of infrastructure. Argentina is Europe. (2) Stay for three years and you become a citizen.
Bueno te diré un dato Argentina lidera el ranking en cuanto al manejo de inglés en América latina, eso sí predomina más en la ciudad de buenos aires
Don't doubt it! Make sure to have local friends (It's Easy) you'll love it
I have only a few years of studying Spansih when traveling in Mexico, Centro and South America. I speak like a three year old. But, it's enough to get by just fine in Argentina. The castellano is very Italian and Espana influenced, so Mexico Spanish won't be very relevant. But, when you leave the grocery store with five pounds of fresh fruits and vegetables, a whole chicken, a kilo of filet mignon and a bottle of great wine for $20 total, you tend to accept a lot. That's easily $200 for us in the US.
@@BOULDERGEEK great!
I would say this. We went to Uruguay and Argentina with 11 half hour lessons in spanish ahead of time. That was enough. Then...when there, you're immersed so stuff/words/phrases just come to you after awhile and your spanish grows. Plus AR spanish is easier to pick up for some reason. I would suggest Pimsleur's audio lessons (what we used). Try Spanish I. After that, II & III. 90 lessons. You'll be pretty decent. There's NO memorizing and no writing. Just audio. The concept is that a 5 year old can talk pretty darn good before going to kindergarten or first grade where they start to read/write. So you can become a 4 year old just by listening and speaking via the lessons. Your pronounciation will be perfect because you're only reference is hearing a word, not trying to read and pronounce it. For us...they work.
Very interesting man ! Explains things very well . Im thinking of heading down to Argentina this winter for 5 weeks .
I'm enjoying your video, I've been going to Argentina for the last 15 years, I've considered moving there for years.
Thanks Edwin 😁. We sure appreciate your kind support. You may be making a great choice. Good luck. 🤞
I think Milei is brilliant. Argentina has had a downward trajectory for 70 years. He is doing exactly what needs to be done. Don’t make apologies for him. He speaks a lot of truth. I don’t mind his brashness. It’s better than the constant lies from the other side.
Milei was certainly not crazy about one thing. The politics/economy in Argentina is BROKEN. The Falklands are populated by people 99% of whom consider themselves British. Don't know how all that will go down. Milei's "crazy" stunts just demonstrate that he is a showman who could capture the attention of the people. Nobody else was going to save Argentina. I wish him all the best.
When you have inflation anywhere over 100% it's pretty easy to argue that 'something' has to be broken.
@@laptopseniors I would agree that it's easy, but I would also point out that it is accurate.
My too!
If I travel to Argentina with 1000 dollars I can become a millionaire man this country is totally broken
I am 75 retired, I will go live in Argentina for the bright future..
We, Koreans have an experience how one president actually turned the whole country around,
from the poorest to one of the wealthiest.
President Javier is so similiar to that example.
I know. It can be done. Singapore is another example of one President completely transforming a country. El Salvador recently too. You never know if someone can pull it off, but it's nice to be on that ride when they do.
@@laptopseniors Exactly, Milei brought down CPI to 10% level..which is amazing that the inflation is coming down
Thank you very much for your response and videos. I have been drawn to Argentina for years and feel like it might be the time to go. I had just worried about having my possessions taken by the Argentine government since that has happened before.
I know there is San Carlos de Bariloche that looks like a Bavarian city in the Rio Negro Province. It has a beautiful lake and mountains around it.
Definitely I would choose Bariloche, Neuquen, San Martin de los Andes, San Rafael, Tandil, Parana (Entre Rios), San Luis, Santa Rosa or Catamarca over Buenos Aires.
It is refreshing to see intelligent people commenting on "sensible" retirement. Recently I had United Airlines suggest I NOT fly to Panama as the road to and from PTY was often blocked. I have had a Pensionado Visa there since 2005, and after the latest video from Bob Adams, a strong intelligent booster of Panama for years, he was not optimistic in the short term for the country. But I remember the controversy about expanding the Canal, and it was done and is successful (they need rain!) Argentina has been on my radar but living in Arizona, (being able to have lunch in Mexico!) it is quite a hike! Like you Pat, I am older, 78, and often must consider healthcare concerns, no matter where. This video did not reference that, which makes me curious. Thanks again for the intelligent comments on Argentina and its potential.
Thanks Chuck. We gave blood for a friend in BA and the hospital was ok but rundown looking. Odd fact.... in BA if someone is to have an operation that will use 5 pints of blood. You, or friends etc need to deposit 5 pints before they'll do the operation (assuming it's not life and death). But, our Canadian friends in BA say they've gotten excellent care in BA. On some counts better than in Toronto. But I think each situation and person ends up different no matter where you are for health care.
My understanding that UA has stopped their flights into Tocumen (Panama City airport). I'm a permanent resident here & I thought this was going to be my forever home & I'm definitely reconsidering my options. Live here in Chiriqui province ( Boquete) & we've been virtual prisoners for 35 days. All the roads have been blocked, no medications have been delivered during this time, businesses and people have been suffering. For almost 30 days, there was no fuel, until shipments started coming in from Costa Rica, though not enough for the population. There is black market gas being sold on the street for $10/gallon.
Most of the channels on Panama, people don't live here, they live in Coronado or Panama City. Life there has been pretty much the same for people in those areas, but not for the rest of the country.
Bob Adams is a cheerleader for Panama & always chooses to see the most positive outcomes. If you want to really know what is going on check out this site for daily updates on Panama: www.igopanama.com
@@mtngrl5859 Yes, we've seen Bob's video and also Igo (can't remember the lady's name). Great for perspectives from different areas.
@@laptopseniors Mary is the creator of that channel, I don't use FB but supposedly she has 30k active followers there. What I've found helpful regarding the daily updates on the protests was the translation from La Prensa articles. Since the majority of new residents in Panama don't have the command of Spanish to read an article without translation this has been helpful.
While the mining contract was voted unconstitutional this morning, we are seeing that Saul Mendez leader of Suntracs (one of Protest Groups) is saying that the roads will remain closed until the mine is officially closed. A full closure of the mine could take years. Let's see how this progresses. In an earlier article in La Prensa, the government had seized 18 bank accounts that had terroist activities to one of the protest groups.
@@mtngrl5859 Translating local spanish news into english is huge for everyone out of Panama. I was pretty sure the Supreme court would kill the contract. If they didn't, Panama would owe the company big dollars. But now, without a legal contract, it's moot. It's odd though that the mine has been operating for years with no pushback, and seems to add a lot of jobs and a huge amount to the GDP of the country. Now, sort like killing the golden goose. There must be more to it all.
Thank you for your info on Argentina. Unfortunately, taxes are too high for me to retire there. It looks like the retirement visa only allows you to be tax exempt for one year. After that, it will be 35% on anything over $6,000 plus an extra "wealth tax" for anything over $30k. Yes, cheap to live but that's a huge amount of tax on a fixed income pension.
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God bless Argentina & presidente Meilei
I'm going to be 76 in about a week also and I watch your videos quite often, and hope to meet with you when i decide to move to Panama next year. Keep up the good work and have a happy Birthday too.
I just got my Mexican permanent resident visa. It's one of the easiest visas to get but Mexico isn't cheap anymore and the Canadian dollar is weak. 30%-35% less than the USD. I've been interested in Argentina for a long time and with Javier Milei as President and possibly moving to the USD with the help of Dr. Steve Hanke who helped implement dollarization of Ecuador. Hanke's advice, proposed dollarization for Argentina - first in 1995 and again in January 1999. In February 1999, Menem asked Hanke to prepare a dollarization blueprint for Argentina. This proposal was never acted upon, and the convertibility system ultimately collapsed in 2002.
I just saw a very flattering financial article on Bloomberg about that. Evidentliy Wall St. liked his visit, his pick for Fed Chair, and what he had to say. An interview he did most definitely was that he's banking on copying Ecuador in how they moved to the US dollar....only not making the mistakes they made in timing.
Bear in mind that Ecuadorans lost 50% of their equity and net worth during their dollarisation period. I'm in Ecuador, now, and locals talk about an absolutely miserable three year period. I feel for anyone who is bagholding pesos and being paid in Argentine pesos. Their system is effectively already using USD as the currency for all real transactions. I bought land and had to bring a sack of money in hundreds. It's like a movie. You lose a lot trying to transfer US funds to Argentina, though, as the dollars are greymarket and smuggled. Hopefully Milei will help with that.
I have friends in Canada and they are really in difficult position when it comes for qualifying for the financial requirements of the countries they want to retire to due to horrible USD exchange...
@@paulinefriend9455 Trudeau needs to be perp walked to the airport and given a one way ticket
I go to Montreal every summer for the festivals and wow post Covid I got sticker shock with how much stuff costs. If it wasn't for the USD discount, I would not go there anymore. The country has moved too far left and the results are terrible.
Finally! Thank you so much! I have been waiting for this! 😅 My husband and I are 57 and we are seriously considering retiring in a quiet community in Argentina. Any insights you can offer are appreciated! Thanks again!
Just saw him in another interview (gotta love youtube), and he's going to copy Ecuador's move into the US Dollar. That took 9 months from when they started the process in earnest. Basically attrition of the peso until it reaches around an 80% mass of dollars and then a full flip. So...basically the anomaly of the great exchange rate will be going on for at least a year - year and a half - for expats with other currencies.
I am a US citizen and have lived in Bolivia for 35 or so years. Don't laugh, because it is in my opinion, a well kept secret. You might want to consider it.
@@robertboni3776 We have open minds. We are willing to consider all options. The reality is that we retire in 8 years and may live for another 30 so we will need te ensure that our pension last! Thanks
If you like a quiet. city with warm dry weather, I recommend Salta. I've decided to start off in Buenos Aires and then look further a field. My favorite neighborhood in BA is Recoleta.
@@laptopseniors Where will Argentina get the US$s for the conversion?
Amazing how things have change since you guys made this video to now, for example now you have 30 years mortgages offered by banks down there, Javier milei is changing economy all around, he has 30 to 40 years plan and I believe that’s the way you plan to turn countries around, of course he’s not going to be all those years but he’s establishing economics foundation for a non stop growth wich is going to be hard to change for other governments, the cultural battle the be on the right path socially and economically is happening and although the suffering people is having now everybody agrees that is worth it, I understand for retirement daily economy matters but also way you want to leave and enjoy retirement and Argentina and his friendly culture makes it really interesting place to live. I really enjoy the video, thanks again for this point of view
Thank you for your comment, Jose. See our update where we talk about the newer changes . We hope you keep following us 😊
You've got it exactly backwards about the way China invests in other countries. What you described is the way the U.S., the World Bank, etc. operates. China builds infrastructure in partner countries, whereas the U.S. makes loans in dollars and then takes property when those loans can't be repaid. And the U.S. method is coming to an end.
Great information, my father left there during the Perons, he is now 101 years old, lots of stories from him.
I’m sorry but you are mistaken sir. As a Turkish I can say that the prices of the real estate in Turkey is pretty much locked to USD and real estate is usually seen as a hedge against inflation. Sooo the property prices never plunged like you said. It only goes up
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Do you know what the minimum income requirements are for retirees and if their pensions or retirement is taxed? If so what is the tax percentage?
This guy touches on that and more. We've been dealing with Visas and following this stuff since the 70's. He does really good videos with explanations and specifics. I'd recommend watching his latest on Argentina as he touches on visas and requirements etc. ua-cam.com/video/UYs4DCEsdBI/v-deo.html
I've been living in Buenos Aires for 5 months and completely fell in love with the city. There is just so much to experience here and fun things going on. There are many other cities in Argentina that are incredible too. Our plan is to keep exploring the world for now and eventually come back to buy property and raise a family in Argentina.
Your videos are excellent - really appreciate the info. I though that example of rent you used was a bit pricey, though. What other nice BA neighborhoods have cheaper rent? Like around $500/month or less, any? Or is that for a studio? Lastly, what reputable real estate sites are there in Buenos Aires for rentals? Thanks for all you do!!
Thank you for your comment, Trevor. We will look into a realtor to recommend. We hope you keep following us 😊
July 2024 - American lived in Buenos Aires 2023 and it's a wonderful city. Today peso is 2,000 to $1.00 USD but because of inflation food and product prices are same or more than US. I found Real Estate prices high. They only accept US Dollar. Meaning one would need to do a wire transfer. Many people spoke about city of Mendoza being their favorite so I will be visiting that area soon. I found Uruguay much smaller and overall much more expensive than Argentina and the US. In BA 80% of people live in apartments so HOA is something to consider.
Would nnot want to be retired expat in a collapsing failed state. I will retire in Las Vegas, and visit Argentina in the summers.
Going the third week of March, immigrated to California in 1980, thinking of moving back
Excellent info! You answered so many of my questions about Argentina as a next move for me.
I strongly considered moving to Argentina until I heard there is no stability in the renter market. What your apartment lease is today is not necessary what your cxompelled to pay tomorrow. Please tell me i am uniformed. Erik
Thank U. I see Panama going there where Argentine is now. I was checking for a while now if Panama would be for me to life. I'm retired and life in Thailand but i have enough of the chaos in almost everything and extreme Visa laws,danger, bad air and water,extreme corruption,Coups, and "non Thais" pay for many things, officially, 2-10x more. The Canal problems r getting extreme,foreign investments going down,less Tourists,Clomate crisis,extreme corruption,more Demonsrtations in the Future, now that they know what to do the next time...Just too much chaos coming im afraid. U take care.
I know people moving FROM the Philippines TO Thailand for less chaos, so you may not want to go there.
It is crazy to see how the rules of the game have changed six months after this video was released. The gap between exchange rates is closing and is expected to disappear in the coming months, so financial arbitrage will no longer be possible. The inflation rates are being tackled too. An apartment in Buenos Aires can be bought for 100K USD or less, which is cheap by US standards. Mortgages are now being offered by many banks, so you don’t need to bring the money in one payment necessarily. Nice video, and thanks for considering my country for retirement. You are always welcome! 🇦🇷🇺🇸🇨🇦🇪🇺
Very interesting! Thanks for sharing and clarifying as you went along!
Thank you. Please keep us informed about the situation in Buenos Aires. What are the safe areas in Buenos Aires? What are the taxes like there? I hear that the Argentinian tax system pretty much take any expats to the cleaners!
This may help you. I saw this blog site. Now it is a blog site so it's totally their opinion. Looked like more bad areas than I would say, but its a start. The good areas, are definitely good. For us, Recoleta and any Palermo area is great. www.google.com/maps/d/viewer?msa=0&ie=UTF8&ll=-34.604314459023946%2C-58.391837073974614&spn=0.104829%2C0.104391&t=m&source=embed&mid=1du2sGmyQmZUrKrs9fyo-CEYBeVc&z=13
We are looking to spend six to nine months a year in Argentina. Building a casa in 2025. We still haven't gotten concrete info on how to become a temporary resident without being a taxable resident. Like Spain, Argentina imposes a global wealth tax of foeigners. Spain's is up to 24%. Just ask Shakira with all of her recent tax problems. I will be going back in January and need to get to the bottom of what this means for us. Do we need to make a Delaware corporation to encapsulate all of out US assets so they can't probe? Maybe Milei will make residency and taxation easier for extranjeros.
@@BOULDERGEEK A temporary resident (under the 183 days in a year in country requirement), is not in the tax system. You'd want to talk to someone who deals with this directly, but if say you're only there as a snowbird, you'd not pay any taxes. For permanent year round living, the tax system kicks in. You might have to declare that Delaware corp too, so it may not help so much. We have a friend (one of the best international tax lawyers in the world), and he owns and lives in Argentina. But....also in London and Canada. He doesn't stay over 120-150 days anywhere, so out of all jurisdictions.
I lived in Argentina and where your not telling the real story. They sell property not in pesos but in Dollars. Don’t be fooled when they talk about the how cheap property could be. I lived there for years. The advantage is you can pay month in advance. I had a 2 bedroom apartment.
They rent in dollars value I now live in Brazil
Turkey information is completely incorrect.
I was there.
Yes, dollar went up against Turkish lira.
But, prices of everything, went up even more....
Now, everything is more expensive then what it used to be .
Definitely. Everything goes up with inflation but with US dollars it's still way cheaper living than being in the US, right?
Nobody buys property in pesos. All property transactions are in US dollars.
You should consider Peru for retirement: steady economy, best food in the world, nice weather, good people, beautiful landscapes...
It's funny, you don't hear much about retirement in Peru. We visited Lima, Cusco and of course Machu Picchu in 2004 and loved the country. Lima was a bit rough back then in some areas but still it was great.
@@laptopseniors your're right. And there are lots of US expats living in the surrounding areas of Cuzco.
I currentley live in Lima, and won't leave.
wow you look great for 76,,bless you and your wife..continued good health and happiness
Thanks Kevin.
Boy that is really a different viewpoint about their president then we are led to believe.
Thanks. That's why we thought it important to point it out.
One has to not listen to corporate media, that's the first step. Tucker Carlson had an interesting interview with him.
@@mtngrl5859 He was super subdued on Tucker, and level headed.
Milei es un hombre sensato, el se define como alguien pasional, que lo sacan de quicio la corrupcion, la mentira...
@@marm317 Por eso nos representa a muchos.
Argentina NEVER had the Falklands, so it would not be possible to give them 'back'. On top of that the people living there want to be British and NOT Argentinian, so there's really zero chance of the UK giving it to Argentina. There is no argument for them to give it to them. It has never been Argentinian land and they have plenty of land as it is. Why would the UK give it to another country just because it's close to them???
Great explanations and I am Argentinean born and raised in Buenos Aires. Milei is a wonderful president and retirement here will be awesome! I have hope for the first time in my life thanks to Milei.
That oil reserve would’ve helped tremendously decades ago but isn’t the world moving away from fossil fuel in the near future ? If that oil extraction project ever happens it might be a bit too late by then.
Somewhere around 80-85% of the world runs on oil, or uses oil (it's in virtually everything that's made...including electric cars). Govt. estimates park it at at least 50 years before western countries are 'electric' mainly. So...long horizon.
Not in the near future. We will be long since passed when oil no longer is needed.
Great information for retirement. Thanks
Thanks for watching.
Not sure your description of a real estate purchase is the best option. I have read that it’s possible to have the seller create an account outside the country. The transfer can occur to that account but must be stipulated in the contract and the process the “title comp” follows
We've heard of that too Jose. Just seemed to make our video more complicated then. Not sure how it legally was done in AR, but people have simply transferred dollars in Miami from the buyer's account to the sellers (different accounts obviously). No exchange, no hassle, quick etc. Many Argentines have their savings in Uruguay and/or Miami.
How much is electricity per kilowatt?
Thank you for your comment. We don’t have this specific.
Costs are rising dramatically; health care up 41% in one jump. The future is unpredictable. Not a stable country for retirees.
Hello there! Two corrections 😊 .1) Avenida 9 de julio has also tunnels underground to cross it. 2) It was Eva Perón who forced factories to give away things ( like bikes) and the goverment never paid for them ( not Cristina). Kristina only cared about u$ doblars 😮.
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I started traveling to Argentina in early 1990’s. Been following the situation there for a long time. Been following Milei for three years. I also have friends there. You have explained things pretty well, but there are two things that need to be clarified. First of all the population of the autonomous city of BA(CABA) is about 3.5 million. The population of the province of BA is 15.5 million. Think of it like NY City and NY State. Secondly, Milei never had in his campaign a push for the adhesion of the Falklands. As a matter of fact he was pegged as not wanting to have the islands be taken over by Argentina. That was because he indicated being an admirer of Margaret Thatcher. She is the one that declared war on Argentina in 1982. It is all a moot point since the adhesion of the Falklands is in the Argentinian constitution. Things are going to get worse before it gets better. That is a consequence of the last 20 years government of the Kirchner couple and its excessive corruption and mishandling of the economy with deficit budgets, debt and money printing.
Thanks Wolfgang. I saw the Falklands part in an interview with him (translated on screen). In it he was expressing interest in the Falklands but not much more in the interview. I added the part in about the oil because it came up when we were living in BA and it just seems like a lot of money if a deal could be worked out with Britain.
I was born in San Antonio de Areco, Buenos Aires, Argentina and I live in Miami, Florida but I go every year and enjoy it very much.
my first choice is Spain retirement and Portugal second...I will wait a year what happens in Argentina with Miell and decide...great video...
Wise choice. We just wanted to flag that things may be improving. Portugal is fantastic although people are now leaving. Spain is great to but similar deal due to unrest there. Seems the entire world is messed up in some way so it'a a big decision to find one that works for you or close to your ideals.
What are your thoughts on the global wealth tax on assets held in the US and Europe that Spain and Argentina impose on taxable residents? Up to 24%.
Do not know how long it would take but "Universal Income" is coming and governments need money...Switzerland and Germany are already testing that system....Blackrock ,Invitation Homes are buying whole real estate stocks in USA..So in the future no one will be able to buy houses but rent only... @@BOULDERGEEK .I do not have TV since 2015...So soon I hope moving to a place and not reading the news again ....that s the plan..
Unrest in Spain? I am in Spain, where is it?
@@lilianamendive6222 Evidently in Madrid. Here's a EU headline: "Spain's socialist headquarters attacked for second night in Madrid protests"
IS IT SAFE.... Specifically For BLACK & BROWN PEOPLE? Is It Safe... For SINGLE WOMEN? These Are The Important Points For Several People! Thank You.
It seemed safe to us, as much as any other big US city. But that was a decade ago. Our friends live there permanently and they have no issues so it would seem that if you're careful like any other place and live in decent areas (there's LOTS of good areas), it'd be fine. We can remember many people there of color so again, I'd guess it's fine. Perhaps others who llve there now can jump in on this.
I have an income each month of a touch over £1,000 and was told that it is enough to have a good quality of life renting , utilities and food for that.
I am also looking at San luis, La Plata , Tucaman , Mar Del Plata and perhaps BA ( outskirts)
Thanks for sharing …….Gracias
Around $1300 a month in USD Abe. Going to be tight but a shot. Good luck.
How does one purchase Argetine Pesos in the US? My three banks dont offer them nor does the post office. How about real estate? I want to invest with intent to visit and or move there in the future. Any advice?
Where are you in Florida? I am in Cape Coral. Nice weather today. Unfortunately it seems like it would be unsafe to be in Argentina if you are a foreigner. Especially as a retiree because you would not be able to afford those armed guards all the time. It sounds like a golden opportunity for the really rich. Personally I would wait to see if any of these things the President is planning will come to pass.
From what we experienced (many years ago though) and what our friends say right now....you don't need body guards at all. It's not like that. That'd be a Rio thing.
Hi Annie, Vivi here... the body guards are in the house buying situation only where you carry lots of cash. Thanks for following us so long. We appreciate you ❤
You will feel safer than most of USA cities.
I ve never seeen in my entire life a single person having armed guards in Argentina, hahah, i do not know where you heard that, because it is clearly not true.
I sold an apartment in Buenos Aires a few years ago, the way you describe the transaction is fairly correct, expect we didnt have armed guards with us, neither did the buyer.
Thanks Cavius, I thought our friends were a bit over the top on it. Good to know all the rest was fine. Although, maybe they actually had guards. I'll have to ask again.
I did a $50k cash deal six months ago in Argentina. No guards, just the signers and lawyers.
@@BOULDERGEEK Hmmm. Me thinks our friends exaggerated about the guards maybe.
I'm 84 and in very good health. Should I visit Argentina and possible live there while keeping my place in Canada and by bank accounts.
Snowbirding there in winter would be a great option.
Thank you for the informative video.
I would like to know from you the following please:
How is the quality of the medical care overall in Argentina?
How is the overall personal safety?
Is it safe for a foreigner to open a bank account in Argentina?
How is the visa situation for foreigners?
How is the cost of living overall?
Thank you.
Not sure about the bank situation right now. I'm sure that's changing as the government loosens and changes things. As for all the rest, they're good. Especially if you have money that's not pesos (US or Canadian dollars, Euros etc)
Great and realistic video guys LOVED IT !!!
Surely -- this can't last ? --- What is the worst that - '''could''' - happen ? --- The people must be fit to be tied and have had ''enough'' ? > Potential of the country should be worthy for many in Congress to help them out - perhaps with stipulations in place ? - - - Seems very risky for old people to retire there given the 'uncertainty' for the strength of their retirement dollars ? The inflation '''potential''' scares the hell out of me !!!
It wasn't a hundred years ago. Peron was president from 1946 to 1955. Then again from 1973 to 1974, when he died. During his first term in office, women obtained the right to vote, work hours were reduced, paid sick days and vacation days were generalized for all industries, a minimum wage was established, rural wages were increased, and much more. As for Milei, he's talked about privatizing the healthcare industry. He wants to deregulate the economy by adopting the dollar as the country's currency (ask Ecuadorians how well that has worked for the average person). he also wants to eliminate the central bank. He already altered or revoked 300 regulations. Health care was not spared. "As part of the decree, price caps and controls on the costs of private health insurance plans were eliminated, leaving them to shoot up as much as 40%. We expect that, during his presidency, the role of private health providers will increase, which could heighten health inequality in the country and make health care unaffordable for the majority of the population, said BMI." How's that helping Argentinians? Milei is another RW politicians that is eroding the country's social safety net in favor of benefitting the wealthy and corporations. Think of him as a Republican.
I'm curious about the Visa types in Argentina. Do they have something similar to the Pensionado Visa available in Panama?
Nothing similar yet although it may be coming. This guy's company is an expert on expats moving all over the world. He too just did a video on the election in Argentina with a focus for visa's and citizenship there. And, a similar positive take like we have on the future of the country. Try this video: ua-cam.com/video/UYs4DCEsdBI/v-deo.html
The colour of the Pink House represent the union of both fighting sides of the 30+ years civil war.
One side had white bannert, the other red.
The first president after the war mixed the colours to represent union
Thanks. Did not know that.
I'm sold but one vital question: Do Argentinian women often date men 20-30 years older than they are?
Interesting question. No idea. Maybe someone living there will weigh in.
As a Swiss retired expat, do i have to pay income taxes on my pension in Argentina ? Thanks
Individuals resident in Argentina are taxable on worldwide income and may obtain a foreign tax credit for taxes paid on income from foreign sources. So, if CH taxes you more than AR, you'd pay no AR tax. If they don't, you'd have to make up the difference.
Non-residents and foreign beneficiaries are only taxable on their Argentine-source income. That'd all depend on how long you're in the country each year etc. Best to talk to an accountant there.
TKY is Turkist Lira and it trades at about 30 to $1.
Yes.... 5 years ago it was only 5 to 1. Great for foreign monied retirees.
I have a lot of confidence now that Argentina will be moving forward. The young generation voted him in, and that is great for a country- to have the young people on your side. Argentina was on my list of places to retire to about 2 months ago- but now they have raised the monthly passive income amount for US citizens to $2,000 a month, and I will be slightly under. Shame.
I did not understand your comment. With 1000 dollars, in Argentina, you can live like a king. And if you have the possibility to buy, a big apartment in an elegant neighborhood costs 150 k.
Argentina has a lower crime rate than the United States by far. I’ve been traveling there since I was a child as my parents are from there. I feel safer there than I do in the United States.
As things are going as today expect a rise on crime, that happens when people can't afford the basics.
Poverty makes crime worse but there is also a social breakdown and a drug problem.
I was in BA back in 2016 for about six months. Beautiful city, nice people and nice climate. Its back on my radar after this presentation. The only problem is its like at the edge of the world lol. However, if I go back, ill probably retire there for good.
Great video. Thank you. One comment: please don't compare Mr. Javier Milei with someone like Trump.
Trump doesn't know how to spell Economic. Mr. Javier Milei is a highly educated economist. Although people will go through a hard time this year, given a chance Argentina will gain its Economy revitalized soon.
Tried not to do that Fluffy. You're right, when he's on economics it's quite clear that it is his life's work and he really knows it.
Very nice! Glad I found your channel.