Real estate sales in Buenos Aires City lose steam for eighth month running
Real estate sales in Buenos Aires City dropped for the eighth month running in July and 27.6% over a year ago because of the US dollar clamp according to the monthly evolution index of sales documents from the Notaries College of the Argentine capital.
The overall annual turnover was down 22.9% to 1.78 billion Pesos while the average price for each operation was 435.616 Pesos (approx 95.000 dollars), which actually represents a 6.5% increase but the lowest since September 2010. The exchange rate for the US dollar is 4.65 Pesos, but 6.45 Pesos in the parallel or informal market.
Compared to 2011 the average operation price was down 14.1% in Pesos and 15.1% converted to US dollars.
According to the notaries association the eighth consecutive fall in real estate operations has not occurred since 2009, in the midst of world recession and when the Argentine economy just managed to grow.
Actually operations showed a slight recovery in May and June but it did not sustain in July. The July contraction was the highest over the previous month, according to the stats going back to 1988.
In the seven months to July the number of real estate operations in the city of Buenos Aires totalled 28.057, which represents a 17.6% contraction compared to the same period of time in 2011.
Finally the notaries association indicates that the market remained concentrated in the 250.000 to 500.000 Pesos bracket, representing 58% of all operations.
The administration of President Cristina Kirchner has imposed severe limits on access to US dollars and has strongly recommended that Argentines hold their savings in Pesos and make business in Pesos.
Argentina is short of dollars to finance imports, pay the fuel bill and cancel debt payments, thus the clamp on US dollars, the severe imports’ restrictions and promotion of domestic industries to substitute imported goods.
But since Argentina has a long history of inflation, hyper inflation and currency manipulation major transactions such as those in the real estate market are quoted and done in US dollars.
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Nobody took me up on my little wager, What will we see fist 10/1 peso or Patacones by Christmas. Anyone Anyone?
I cann this coming, the times of ''Trueques'', Patacones, Quebrachos and Lecop.
God what a failed estate.
It is difficult to do totally well when 95% of the planet wants for us to be destroyed.
The economic mess you are in is a direct result of poor (insane) decisions from your rulers. BTW 95 % of the world population couldn't find Argentina on a map so stop being so full of yourself.
Ever hear the saying:
The first time someone calls you a horse you punch him in the face. The second time someone calls you a horse, you call him a jerk. The third time someone calls you a horse, well, maybe it's time to buy a saddle.
Saddle up TTT. 95% of the world cannot be wrong.
@4 Yes, 95% of the world's population does not even give Argentina a second thought.
Poor Elaine, with her failed attempted slight (the most boring and bromide slight one can ever use, the “no one cares about your country” threadbare.... and one which yankeeboy, my personal pet with two neurons for a nervous system had used two post before anyway), she actually ends up making her and the others here ridiculous.
Imagine if I went to a website for the country of Eritrea and actually spent months and months posting there about their problems, and then dared to tell them “you guys don't matter anyway”... I mean how pathetic do I look saying that! I'm admitting I'm an imbecile for wasting my time on picayune and nugatory trivialities!
LOL, that was classic cutting your nose.
I'd wager I have seen more of your country than you have or ever will.
Argentina is the perfect example of how bad government can destroy a naturally rich country. It must be studied.
Argentina could have been like the USA but, alas, when they embraced Nationalism they blew it.
There is no reason whatsoever for you to keep up. You simply (if you had a real job), would be given a narrow briefing of your mission, nothing more nothing less. No need to learn about crime rates, societal preferences, food, politics, economics... no real job requires such wide and unfocused analysis as you end up being good at none of them. The job market today is one of specialization.
Busted again.
I love it how Elaine and yankeeboy immediately came out with cockomaney excuses. If you yankeeboy really wanted to follow a profile you have it in the Soviet Union, in terms of population size. So, nope, busted again.
lol, this is so easy to unmasquarade.
With good government Argentina could've, would've should've been our rival, but that was long ago. Your children will be living in a country that looks very much like Bolivia today.
If in 100 China and the USA have the same per capita income, China will have an economy 10 times bigger... the USA will have no chance against them no matter what you do.
Population matters, dork.
What do you know about my job? Absolutely nothing.
Then I'm called the arrogant one for jokingly teasing you all that I'm smart with a high IQ (and you keep falling for the same trick!), but your under the nose arrogance is what, maternal tough love?
lol.... and besides, if you really travel all over the world, are you going to tell me there are enough hours in the day for you to watch events in all other countries you visit, which btw, would involve even MORE painstaking focus since most of the other countries, your words, matter much more than Argentina (and us such you would think you would keep up to date that much more).
lolololol
Are you over 19? Do you work in a locutorio? Do you make more than U$300/mo?
BTW Elaine did you win the bet today? Only 5 posts in for Toby to try to prove to us that he is the smartest monkey in the zoo. Give him a treat!
Yes, Argentina was indeed the promised land, especially around the 1900 -1910 mark. It was debatable which would be the economic superpower, the US or Argentina. Argentina had the edge back then. I have to assume that is not taught in Argentine schools because it would highlight how far they fell.
They still have the resources to be wealthy and successful but there would have to be such a change in attitude across the whole country for that to ever be achieved. Many Argentines I speak to are aware of it but they tend to live in the now because they cannot trust to believe in a successful future.
It's highly likely he is not from argentina or he would see people disappointed when raises are below 30%, rents increasing annually 25%, bare shelves in stores and it goes goes on. In the above post, he cry's that 95% of the world is against argentina and yet he and argentina refuses any introspection of why that is. He is his own falling tree in a forest where no one will hear him.
You ARE hilarious though, and give us all a good laugh @ your retardation and self destruction.
#1 most retarded and absurd nation award goes to Argentina this year!
what is your job ?
NGO ?...... Journalist ?..... Investor ?....Diplomat ?....Adventurous ?
Instructor ?....Voluntary Nurse ?....otherwise Modern Mata Hari ?
Unfortunately it is 1:1 with the Bolivian $!
Bahahahaha
Don't bother to answer anyone...who cares what you said?
In the recent past perhaps, most are starting to feel sorry for the USA now. Notice how Americans have become 10 fold more jingoistic in places like Yahoo! boards, or other forums, even here look at yankeeboy and poppy. I remember a time when they weren't so overt, they knew they were tops... but now they know they have fallen signficantly in education, standard of living, and economic importance.
The best proof of this was in 2008... with a financial crisis in the USA like the one they faced (the worst in 70 years), Latin America would have COLLAPSED. In fact, it used to be that when the USA had a recession Latin America had a financial meltdown... Asia would have a massive drop in growth, Europe would slow down, etc.
This time, NOTHING happened. Not even a blip in Latin America, Asia just kept on going, etc.
That's the future. They still have the military, but it is rented from China. When they wise up and stop lending money to them, they will have a military as powerful as Austria's.
When it comes right down to it, time will show who outlasts who. I think when a group of people have never known what self sufficiency is and true prosperity, its easy to argue a everyone must be like that.
Afterall, no one the the USA is telling it's citizens that it cannot purchase another countries currency, having the tax agency review your grocery purchases, tax and review internet and foreign purchases and to a point, tell you where to vacation. Not to mention allowing children and foreign residents to vote. Freedom like that, who needs to be incarcerated ?
Rg are brainwashed from birth to think that they are on the top end of the world, in economy, in culture, education on and on. It worked in the 50-80s when very few of them ever traveled outside of the country, there was no internet or Int'l TV. I think the smart ones realized they were on the bottom of the heap after 1978 when color/Intl Tv was introduced. Even then the old teachings were well ingrained. So the ones who have never traveled don't know how dirty and backward their Capital is not to mention the rest of the country.
When my Rg friends come to visit me we always go to NYC and they are gobsmacked. They ALWAYS say “They have no idea!” meaning people from BA have no idea what a sh*thole they are living in compared to NYC. What they don't understand until they spend enough time here is, we still have LA, Chicago, Miami, Dallas, Houston, DC, Boston, San Fran etc etc etc. They end up getting a little depressed when the lies they have been told all of their lives finally are realized. Did your wife have the same reaction?
You look at Toby's #27 post. He is so ill informed about the outside world it is a waste of time to respond to the post. People that have lived, worked, traveled to the USA know there is nothing like it in the world, know we aren't going any where soon and agree it is the best country in the world for business.
A few years ago IDB was sending most of the G4 visa holders back to their country of origin. You should have seen the Rgs they were freaking out! They were scared to death for their children and didn't want them growing up there. It was pretty sad.
BTW saw today the Arg Peso is $8.40/1 U$ in Brazil
10/1 by Christmas (or maybe sooner)
When I was living in BA I was pretty insulated from a lot of the every day problems. We had 5 people working full time at our house. Which seems like a lot to an American but because of the difficulties you have to endure daily it is necessary if you want to get anything done!
The reason I moved back was because even being as insulated as I was it was still too difficult to live there, can't write check to pay bills, inflation getting out of control ( this was years ago! I can't imagine what it is like now), escalating , crime, kidnappings, commando assaults on our neighbor's houses, losing electricity when it rains, losing internet when it is windy on and on and it was really a bunch of little things that all add up to a pretty miserable lifestyle when you are used to the 1st world.
I still have a lot of friends and family there and from all accounts it is getting REALLY bad. They are all hunkered down waiting for it all to collapse. I am glad everyday I moved back to the USA.
That is when the security started to get really really bad. I had 12 foot walls, a guard in the front and the back, my neighbors had an old Estancia house next door with huge gates and guards. Then some of neighbors were having commando assaults on their houses! Multiple assaults through out the neighborhood! There were also lots of problems with robbers/kidnappers boxing in people's cars as they left the highway. Too scary for me so it was time to go home.
USA could crush Argentina without spending even ONE percent of it's military budget to do so, rofmfao @ poor, inept, forgotten about Argentina
Just like they crushed Afghanistan??
Fail.
agentina has an infrastructure (chuckle) so to speak. Strikes would take out:
1-Power plants, including nuclear
2-Communications
3-Water treatment facilities
4-Waste treatment facilites
5-Air runways
6-Major roadways
after a few days they would run out of targets. Afghanistan had no targets even from the start. You should not be allowed on here until you've at least started pubity let alone finished pubity. Just think you will be able to vote next year........bahahahahaha
You have no money for any other war. For Jose's sake you your debt is now 110% of GDP! But hey keep at it, what do I care when you go belly up bankrupt.
“Argentina is fighting the combined forces of the entire planet ...”
All 7.000.000.000 inhabitants on the planet are spending 7x24 destroying Argentina
- and the Marsians - you forgot the Marsians!
- and the little green men in UFOs too
But we are, now I didn't say the rest of the world is using their entire might, we would be crushed in a day.. but the fact is the USA, EU, and most of latin America plus China/Japan are taking actions against us and thus my statement is accurate.
I don't get why these countries even file motions against such an insignificant country.
Why.....because you are deadbeats that owe money, refuse to play by long established rules, do things unilaterally, refuse to accept responsibilty, and most importantly.....sufficating democracy.
So what happened to self-determination? If we don't want to play by the rules of the rest of the world, and want to suffocate democracy, who the fuck are the rest of you to impose otherwise?
Hypocrisy, I love unveiling it to the salubrious sunshine.
The poorest Americans live about as well as middle class Argies. FACT
lol, so whatever other retarded shit you spout, TTT, doesn't really matter, cause fact is, you're poor, and i'm rich. I just traveled through ALL argentina from missiones to ushuaia.......you can't afford to do that, lol, and its not even my country
FAILED!!!!!!!!!!!!!! in the words of a juvenile poster.
Now head to Santa fe to get paid so she can get laid!
'How can a country of 8 million people in 1900 be any rival of a country of 100 million?? Are you cognizant of how ridiculous your premise is?
Population matters, dork.'
US ... big population, resource rich, doing OK,
Arg... middling population, resource rich, stuffed...
Australia.... small population, resource rich, going gangbusters....
So, TiT, how does this population premise of yours work?
you are not an usa citizen you are la sueca
Dumber than sawdust are we?
Is Australia as economically far-reaching as the USA? Militarily?
Under the standards applied by you all to Argentina, Australia is an abject failure of a country, because they don't have the power the USA has.
In fact China has more power than Australia.
Why do the citizens put up with it? It is either apathy or stupidity I can't figure out which...
Bang bang bang those pots people...
What you don't realize is how pathetic, ridiculous and doltish fools you are writing such things. If you travelled up and down the country is because there was the infraestrucutre, the cities, the economic motive for you to do so. And the fact that it was safe enough for you to do so.
You fools have no precious clue what real poverty, lack of infraestructure, and insecurity and risk to oneself is don't you?
You spit on Argentina yet you yellows woudn't dare to travel through Central America, Venezuela, the Amazon, most of Africa and the middle east, big chunks of Asia, etc, etc.
You like creature conforts and some sense of safety... you played it safe and stuck to Argentina. I understand. You are like those ungrateful immigrants that bash the country that received them. Argentina this argie that... but none of you have the guts to go to really poor and unsafe place, so you bash us.
Your welcome for being exposed. :)
Since you have never left Mendoza I don't think you are one to talk about rural poverty. Just outside of BA is horrible just as bad as anything in Peru, Boliva or the favelas of Brazil. You have favelas (slums) SURROUNDING BA, Multi Story SLUMS near Retiro maybe you should go see them sometime. Even the Police won't enter them they are a free city all to themselves. It is shameful.
Even places of note like Gualeguaychu is GROSS! Filthy Poor just revolting I wouldn't even stay overnight and it was supposed to be a vacation destination!
You have no idea.....it is sad.
Living standards... the stuff that matters... Oz trumps China and RGland isn't even in the race.....
Who mentioned military power? Oh you did when you moved the goalposts....
You said it!
You need to travel to Africa and Asia to see what starvation means.
Like you have stated, the 8/11 London riots shows the lack of civilization...
well, you said it again, nothing else you can do!
Which SA country is Cristina De Fernandez Kirchener President of?
Brasil Argentina Bolivia
The female contestant thought for a moment and said ”I seem to remember hearing that name lately, has she been in the news? I think it's Brasil!
THAT is how much people know about Argentina, or care, for that matter.
Mothers could not enter the su[permarket with their children to buy groceries because of Prince Harry photos. Some magazines said Prince Harry is gay, which I believe he is!
Oh! the UK “royal scandals”.
A band called The Rockadictos, released a video of the song “One more message” with controversial erotic pictures of President Cristina Fernandez de Kirchner in her office at Casa Rosada.
The animated video recreates the Plaza de Mayo and filled by a crowd and Cristina coming out to give a message.
Then the video shows scenes that have sparked controversy and outrage on social networks.
The band is originally from Argentina and Venezuela and is clearly that through this video is seeking an absolute provocation.
The video was uploaded to YouTube several times, as in some accounts was censored by “highly erotic”.
m24digital.com/en/2012/09/06/controversial-video-of-a-rock-band-with-erotic-images-of-president-cristina-fernandez/
I hope Blind_Scottie_Kirchnerist sees this!
With a bit of luck he'll have a heart attack and we will be shot of his stupid affectation with TMBOA.
LOL
can someone provide counseling for the rubbish bloody Charles, Camilla and >>>>Diana Spencer?.....Fergie Ferguson...such neurotic idiots. Even sex don't help them to think wisely!
Enough is enough!
Thats nonsense, the US “opened” Japan as far back as 1854 and was signing Unequal Treaties with China around the same time; by 1898 they had full scale colonies in the Pacific like the Phillipines, occupied Cuba and had been controlling much of the “backyard” for decades; while industry was built up very rapidly post-Civil War in the era of the “robber barons”. But if you had been right, and if Argentina had further consolidated its “edge” and become the world's only superpower (imagine Cristina as ruler of the world =) though if Argentina were America Cristina would be in opposition!) then what would have become of the Falklands. I imagine most of the right wingers on here would be parroting the Malvinista arguments to justify the recovery of the Islands by the new empire from the old! The actual arguments about the 1820s and 30s would be the same but the language of power would be different...
Btw Elaine what is your work. Banking, perhaps?
seekingalpha.com/article/477871-argentina-on-the-brink-what-is-the-real-investment-risk
BBC News USA fails to account 8.7 billons shipped to Iraq
USA Federal Reserve shipped billons to Iraq but such amount is “lost”
CNN USA lost billons of dollars...“may have been stolen” probably by the USA military personnel and private contractors.
USA federal goverment is taken hundred of USA banks
Several USA States selling own buildings to have cash
USA Debt will reach 20 trillions debt in the next four years
Home value continuing devaluation scare homeowners unable to sell their houses.
Next Republican USA President will reduce the Medicare Health care system to a “voucher” for the elderly to afford medical care.
Social Security is running out of funds: Propose to make benefits available starting at the age of 70.
Unemployment benefits will be eleminated within the next 4 years if the USA don't improve.
30 hrs works: no benfits such as a health care plan.
Cost of a tooth implant: $5,000 dollars
Cost of hip replacement: $ 36,000 dollars
ER emergency treatment: $84,000 dollars
One round of chemo-therapy: $ 16,ooo dollars
Tic Tic Tic boooooooooooooooom
70% of Argentines Disapprove of Populist Leader's Economic Policies
BUENOS AIRES, Aug. 29, 2012 /PRNewswire-USNewswire/ -- President Cristina Kirchner's popularity has fallen dramatically amid worries of high inflation according to Argentine polling company Management & Fit. Just 30% of Argentinians approve of her handling of the economy, an approval rating that has continued to drop over the last year.
According to reports, growing public discontent is largely a result of economic contraction and soaring inflation, which has eroded purchasing power. The nation's statistics agency, INDEC, reported an annual inflation rate of 9.9% in July, but private analysts estimate it is running well above 20%. The Kirchner Administration bans the publication of independent economic data that conflicts with the Government's reports and formally suspended three consumer-focused NGOs this week after they published inflation data that differed from official statistics.
“Argentina's runaway inflation – now among the highest in the world – reflects the degree and depth of the Kirchner Administration's economic mismanagement. The Argentine people are still suffering from President Kirchner's mismanagement of the debt default and restructuring. The failure to repay the country's debt to private creditors has left the government effectively locked out of the international credit market and has discouraged foreign investment. Price subsidies and strict currency controls have added to the country's macro-economic problems.”
”It is no surprise that the President's popularity wanes as Argentina's real inflation statistics become known. These poll results illustrate that the majority of Argentines do not support the government's protectionist and isolationist economic agenda. In
keeps telling us that he is intoxicated...drunk most of his time
jejeje
poor rubbish bloody english arse!
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