1. Skyrocketing inflation and economic instability
At approximately 40%, inflation in Buenos Aires is enough to give even the healthiest person a stress-driven stroke. Rents spike, the price of food is constantly on the rise — so much so that many restaurants have stopped printing their menus and write them on chalkboards instead, considering they are forced to change prices every month.
Given the economy’s volatility — Argentina just defaulted on its debt this past summer — many Buenos Aires residents, both Argentines and expats, put their stock in the dollar, hoarding the foreign currency and exchanging it at the “blue” rate. Yes, Argentina has two different exchange rates. The peso’s constant devaluation makes it basically impossible to save, so unless you find a way of procuring dollars, which, let’s face it, just feeds into the country’s economic mess, you can kiss long term plans and travel goodbye.