Tuesday, March 27, 2007

Back in Rio

I spent the last 5 days or so in Buenos Aires with my girlfriend Vanessa. It was great to see her and help her move. She made the mistake of paying her full semester's rent for her place without seeing it. And while it was in the same neighborhood as advertised, it was not in a very nice part. Furthermore, this was Argentina, so of course they have to dick her around and not let her know if she's getting any of her money back if she moves.

But we ended up finding her a good, if temporary spot. Anyway I seriously would consider buying an apartment in Buenos Aires. The price/rent ratio is outstanding. Cons: hard to get a mortgage, political risk, having to go through a designated agent. But for someone living down there, it might be worth the risk. Seriously if I had a 2 year job down there or something I would strongly look into it.

We saw her friend's place that was 1 bed, 1.5 bath, about 800 sf with a large balcony and access to a clubhouse and roof spa, in an outstanding area of town, all new, and they paid $175k. Earlier Vanessa has rented a loft that was 2 beds and 1 or 2 baths that would cost $60k. Given how nice Buenos Aires is, it could work.

Anyway that's for someone else to figure out. It just got me thinking.


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