Thread: Comparing Argentina to Ecuador
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10-22-07 17:43 #3
Posts: 2470Thanks Globetrotter. Right, that is the kind of info I was looking for. If you don't hear from others on the board regarding your questions, do some digging in the "Living in Argentina" category. Based on your concerns in Ecuador, you would find BA much safer, more expensive in general (though still relatively cheap) and as regards business, most of what I hear is negative regarding making a go of it here. Others will weigh in.
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10-22-07 17:15 #2
Posts: 2Doggboy
I opened a equip company here several years ago, since the beginning I have been treated differently becuase I am a foreigner. The public sector has no money available despite promises of "Emergency Funds" being available. Just BS.
Banks have stopped lending money because Correa forced them to drop their lending rates from an insane 28% (some even higher) to 14 % maximum. You can't get 1 penny from any of them. All the credit card companies impose severere penalties if you don't pay on time despite the fact that most monthly invoices arrive 3-8 days after you need to pay the bill thanks to the wonderful Post office which sucks.
I need to carry a licensed firearm everytime I leave home thanks to 3 assaults in 1 year.
Other than that, you can live here cheaply for about $750/ mth and have a very nice apartment (even less if you want a studio or 1 bedroom and watch your pennies)
I really did not expect it to be like this since first coming here but like everything else you need to roll with the punches.
The influence of Chavez and Morales and even Azerbinajad has been dramatic with the newly approved Congress and Constitution to be almost a carbon copy of Venzuela. All though I doubt Ecuador will ever be like Venezuela because of it's Democratic history, it is non-the-less prime pickings for leftist influence because the rich here keep the poor down by not raising the minimum wage above $175 PER MONTH. Correa followed Chavez's plan to the letter by preaching to the poor which make up roughly 70% of the population to win the election by a landslide. But remember. Ecuador has had 8 Presidents in 10 years (Correa could be #9! For a reason so who knows anything can happen and probably will.)
Hope this was informative
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10-22-07 16:48 #1
Posts: 2470Comparing Argentina to Ecuador
Originally Posted by Globetrotter69