MercoPress. South Atlantic News Agency
Uruguay is “extremely expensive: construction costs are double those of Argentina”
Uruguay is not expensive, ‘it has become extremely expensive” with construction costs that are double those of Argentina, claimed Eduardo Constantini, an Argentine business man with strong investments in Uruguay, the latest of which building 500 summer houses along the eastern coast. Read full article
Comments
Disclaimer & comment rulesAn Argentine businessman complaining about exchange rate issues and inflation..
Jul 22nd, 2013 - 06:57 am - Link - Report abuse 0Well I guess he won't have to worry about a visit by the tax office at least as it was in another country.
Did make me laugh though.
This argie ‘businessman (what an oxymoron) knows why he is in trouble:
Jul 22nd, 2013 - 11:29 am - Link - Report abuse 01) the building of new tower blocks of luxury flats is at an all time number because of hitherto demand by argies who wanted to put their dollars in a country that won’t take them off them, there is a limit to the number and ability of building companies, so thay raise their rates;
2) the drop on argie visitors is purely down to the antics of TMBOA;
3) the hardening of the UYU Pesos is because Uruguay is seen as a country to be trusted by international investors;
4) the fall in value of the argie ass paper is not helping the bleater either;
5) the bridge has trebled in cost because he speccd it to low and thought he could bend / bribe his way out of doing what is required;
6) he now realises that he is building into a drop in demand: the depleted cash flow he is experiencing over what he thought would be the turnover period is panicking him: I wonder what his backers (banks) are thinking of doing about it?
In conclusion:
He would be better off keeping his mouth shut and rearranging his loans to ease his cash flow problems but playing the victim comes naturally to these people. He came to Uruguay because he knew The Dark Country was stuffed to his sort of plans.
Who in their right mind goes to Argentina for a holiday when they can come to Uruguay FFS?
Chris
Jul 22nd, 2013 - 12:15 pm - Link - Report abuse 0What are you talking about?
More than a million Uruguayos visited Argentina the from Jan-Jun...
http://www.lr21.com.uy/comunidad/1117355-mas-de-un-millon-de-uruguayos-viajaron-a-argentina-en-el-primer-semestre-del-ano
Stevie if you lived in Uruguay you would know why!
Jul 22nd, 2013 - 12:33 pm - Link - Report abuse 03 Stevie
Jul 22nd, 2013 - 03:23 pm - Link - Report abuse 0First, read my post: I am saying people, not being Argentines OR Uruguayo.
Secondly, Uruguayo are going to The Dark Country to buy electronics, etc. which are much cheaper than in Uruguay.
But no flour, plenty of that over here in Devoto, El Dorado, etc. and toilet rolls and tomatoes.
:o)
2 . Chris . As you know I normally do not agree with your comments but on this you seem to be right . I refer to your conclusion paragraph ! Oh dear , hsve I committed another error in grammar ! He came in too late and ran out of money .
Jul 22nd, 2013 - 10:02 pm - Link - Report abuse 0“...building 500 summer houses along the eastern coast.”
Jul 22nd, 2013 - 10:56 pm - Link - Report abuse 0?????!!!!!!!!!
Implanted part-time population? Quickly someone report this to the UN, no self-determination for these pesky Latins. They can continue to live around the river plate if thay like, but that land and its resources are Spanish, as they were given to Spain by the Pope...and there is archaeological evidence there were Spanish there before Uruguay was even thought of.
Sorry, got a bit angry there. Reading that back, do I feel silly!
lol
Jul 23rd, 2013 - 03:48 am - Link - Report abuse 0Thanks no. 1: To a socialist government who protects the home market with extreme customs duties! Uruguayan products are not at all competitive in the world market, of poorest quality and at least 2 times as expensive as competing products, considering their live expectancy!
Jul 23rd, 2013 - 05:20 am - Link - Report abuse 0Thanks no. 2 to the Socialists: They increased salaries over years far more than inflation! People with poor education, no motivation, doing less than the minimum they should to, believe their world is perfect and working.
They need the crisis of the century to broaden their horizon and to get back on the planet!!
9 HO
Jul 23rd, 2013 - 11:27 am - Link - Report abuse 0You can say that, I cannot possibly comment. :o)
Chris: You don't have to comment. Think!
Jul 23rd, 2013 - 01:53 pm - Link - Report abuse 0Let's just hope that for the first time in its history Uruguay is able to ride out the coming financial implosion in Argentina, which happens every 10 years or so. In all cases of the Argentines' own making. Argentina seems to have some of the worst politicians, economists and administrators in the world.
Jul 24th, 2013 - 03:56 pm - Link - Report abuse 0Commenting for this story is now closed.
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