this post was submitted on 21 May 2024
-21 points (28.6% liked)

World News

39347 readers
4287 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] partial_accumen 4 points 7 months ago

Little problem is that mortgages have been absent in anything but paper so Argentines have not been able to acquire property or housing with ease since years ago

Last time mortgages were available, it was in 2017/2018.

This is the major piece of information I was missing! Thank you!

So even with the price of housing for sale falling substantially (because of the rental price caps), unless a would-be home buyer had 100% of the cash to buy the home (which I imagine is very rare), then they simply couldn't get a loan (mortgage) at all. So they couldn't buy the, at the time, very cheap housing even if they wanted to.

That explains it very clearly. I appreciate the time you took to explain that. I also appreciate the rest of your explanation about the further actions of currency devaluation impacts, banks on investment in government bonds, and the impacts on the nation from having to pay interest on those bonds at the inflated yields. Thanks!