Thread: Rents in BA - what's the real deal?
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08-27-19 18:47 #8
Posts: 162Although the exchange rate favors us when paying in pesos based in a dollar income, there may be inflation in utilities, and also higher taxes, that cause the dollar price to rise when we're paying in dollars
Originally Posted by ElGreco [View Original Post]
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08-24-19 12:25 #7
Posts: 2700bytargentina.com
Great company.
I have stayed at this company apartments about 13 times.
https://www.bytargentina.com/
Originally Posted by KamBroob [View Original Post]
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08-27-09 18:39 #6
Posts: 147Originally Posted by El Greco
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08-27-09 04:58 #5
Posts: 188Originally Posted by El Queso
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08-26-09 20:47 #4
Posts: 366Real time rent.
Originally Posted by El Queso
Argento
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08-26-09 20:05 #3
Posts: 552
Venues: 8Joe has the right of it, but a little explanation.
When you come here temporarily, you will pay something like 3 times the rent of a standard 2 year contract. Basically, anything less than two years is considered as a temporary rental and usually you cannot rent for more than 180 days, and more normally 90.
There's a lot of crap tied up in the occupancy laws here, which very much favor the tenant and make it very hard for the landlords to evict non-payers if the property is considered a permanent lease as opposed to a temproary rental.
So in addition to the two year contract, about 90% (or higher) of the owners of these apartments require a guarantee in the form of real property within Capital Federal to back the lease up. This is to prevent the inquilino (renter) from destroying the apartment, living in it without paying the rent, and living in the apartment past the contract term.
Many apartments that have no guarantee required are not really worth renting, but they will be very cheap. It is possible to find apartments for a two year lease without having a guarantee, but they may require, for example, the entire two year lease paid up front, including the regular deposits they may require (1-3 months, depending) Or various other things like paying every quarter instead of every month.
It's still possible to find an apartment for a normal lease monthly payment and without a guarantee, but you will have to spend some time here to make connections, search, and find those who are willing to lease to a foreigner on different terms than they would normally rent to their compatriots. Some Argentinos (not all or even many) would trust a foreigner over a fellow Argentino.
Some are saying that the apartment rental prices are falling. It may be so on the temporaries. I don't think it's so on the 2 year contracts, which is what I am interested in and have been keeping up with to an extent. Maybe a little, and they haven't been rising very much like they were over the last two years.
The biggest advantage that we have here is that the peso has been falling against the dollar, the Euro, etc, and that makes things a lot cheaper here for us foreigners.
Buenos Aires has one of the biggest temporary apartment industries I've ever seen. It's truly amazing how many apartments are available on that basis. And if you take many major cities like New York and compare the price per square meter even on a teemporary, I think you would come out quite a bit cheaper here.
Also, according one of my Argentino programmers, places like Cordoba (where he's from originally) are a lot easier to find property to rent without the guarantee and other issues. Portenos (those from BA) are typically more suspicious and less ready to deal straight than many outside Buenos Aires.
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08-26-09 17:37 #2
Posts: 147Originally Posted by Iamzonzon
1) You rent furnished.
2) You rent short-term.
3) Without guarantee (Argentines normally have give a guarantee in the form of a property to guarantee payment and you maintaining it like you should)
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08-26-09 14:35 #1
Posts: 73Rents in BA - what's the real deal?
I get that Jackson's apartment is the destination of preference for many good reasons.
But on the larger issue of rent in BA - especially for foreigners - what's the story? I have been researching a long visit for a month or two (this board has the both the horniest and most intelligent contributors. Maybe there is a correlation?
In a recent threat here dealing with "Argentinian Recession", the picture that was drawn was positive for a yankee, or one that earns and income in dollars. That is not the picture I receive from other places. Especially as it relates to rent and housing.
Is there really a double standard at work for gringos / yankees? Does this exist outside BA?
Thanks for filling in the blanks. (It is possible that my other sources are just penniless expats that have nothing to do but *****)