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GrossNavError 12-23-2023 06:04 PM

Argentina
 
I heard the president of Argentina is now allowing Foreigners to buy property in the country. Given the value of their currency this could be a buying opportunity.
I know there are plenty of 2 family guys here. Anyone have any thoughts on how to do this?

SonicFlyer 12-23-2023 06:20 PM

I wouldn't:


https://www.youtube.com/watch?v=Q3Wbmzphszo

https://www.youtube.com/watch?v=8g6x9S9F9hs

https://www.youtube.com/watch?v=brW6-fbvmsQ

Brickfire 12-24-2023 02:11 AM


Originally Posted by GrossNavError (Post 3741136)
I heard the president of Argentina is now allowing Foreigners to buy property in the country. Given the value of their currency this could be a buying opportunity.
I know there are plenty of 2 family guys here. Anyone have any thoughts on how to do this?

The peso is a mess but real estate transactions have long been USD only in Argentina. And frequently in literal cash - like suitcases full of benjamins - even for routine transactions. If there are bargains to be had in Argentina, it's not from currency arbitrage.

That said ... I love argentina.

Edit - oh and real property ownership is one of the hardest assets to hide, therefore easiest to tax

sailingfun 12-24-2023 04:02 AM


Originally Posted by GrossNavError (Post 3741136)
I heard the president of Argentina is now allowing Foreigners to buy property in the country. Given the value of their currency this could be a buying opportunity.
I know there are plenty of 2 family guys here. Anyone have any thoughts on how to do this?

Its pretty easy. President allows foreigners to buy property. Foreign money pours in. President decries foreign takeover and nationalizes all the properties. You don't need to worry about resale!


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