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Old 06-26-2018, 10:16 PM
 
768 posts, read 984,065 times
Reputation: 1112

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I'm an American of Latin descent looking to get out of America because the cost of living is becoming too high, even in Texas where I'm from. I'm trying to build wealth while I'm still young and it's hard to do it on the money I'm making. I'm looking to relocate to somewhere in Latin America and I'll be making 6k USD a month remotely. Argentina is looking really good because the peso continues to weaken and inflation isn't following suit, so I could live like a king there.



My only concern is safety and racism. I've been to buenos aires but I do realize that visiting and living are two very different things. I do remember it being a lovely city with nice people who treated me very well. I'm just concerned that the situation is deteriorating with migrants from all over latin america moving to the country.



What do yall think?
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Old 06-26-2018, 10:43 PM
 
Location: Western Asia
3,187 posts, read 1,445,117 times
Reputation: 2524
Quote:
Originally Posted by philopower View Post
I'm an American of Latin descent looking to get out of America because the cost of living is becoming too high, even in Texas where I'm from. I'm trying to build wealth while I'm still young and it's hard to do it on the money I'm making. I'm looking to relocate to somewhere in Latin America and I'll be making 6k USD a month remotely. Argentina is looking really good because the peso continues to weaken and inflation isn't following suit, so I could live like a king there.



My only concern is safety and racism. I've been to buenos aires but I do realize that visiting and living are two very different things. I do remember it being a lovely city with nice people who treated me very well. I'm just concerned that the situation is deteriorating with migrants from all over latin america moving to the country.



What do yall think?
In my experience, there could be a prejudice in terms of jobs in Suda America for darker skin Latinos but I don't think that would be a particular problem for you since you have an income not dependent on location.


BA is a huge city that has safe and unsafe areas, since you have a nice income, you should have no trouble renting in a nice safe area.


Sounds like a good move to me. Santiago, Chile also a great spot though I guess more expensive than BA for someone spending USD due to the Argentina currency drop.


In terms of lifestyle for the cost, BA is an excellent choice imo.
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Old 06-27-2018, 08:47 AM
 
109 posts, read 43,030 times
Reputation: 337
I would urge you to spend several months living there before you commit long-term. Inflation is currently at ~25% and shows no sign of slowing down. I don't know if you've lived your entire life in the US, but if so, you're going to be in for a serious culture shock. Most Americans would not be able to successfully adjust. Robberies and street crimes in BA are really high. There are nice neighborhoods that are relatively safe, to be sure, but you can't live in a bubble. The hassles of everyday life there can get overwhelming.

I wouldn't worry much about racism or the migration issues. If you're dark-skinned, some people are going to treat you differently, but not so bad or so often as to make it a factor.
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Old 06-27-2018, 08:59 AM
 
Location: London, UK
2,876 posts, read 1,550,701 times
Reputation: 1621
Quote:
Originally Posted by philopower View Post
I'm an American of Latin descent looking to get out of America because the cost of living is becoming too high, even in Texas where I'm from. I'm trying to build wealth while I'm still young and it's hard to do it on the money I'm making. I'm looking to relocate to somewhere in Latin America and I'll be making 6k USD a month remotely. Argentina is looking really good because the peso continues to weaken and inflation isn't following suit, so I could live like a king there.



My only concern is safety and racism. I've been to buenos aires but I do realize that visiting and living are two very different things. I do remember it being a lovely city with nice people who treated me very well. I'm just concerned that the situation is deteriorating with migrants from all over latin america moving to the country.



What do yall think?
I think your concerns are idiotic. Just move. There are also plenty of other decent alternatives in the region.
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Old 06-27-2018, 03:52 PM
 
109 posts, read 43,030 times
Reputation: 337
Quote:
Originally Posted by Pueblofuerte View Post
I think your concerns are idiotic. Just move. There are also plenty of other decent alternatives in the region.
It's "idiotic" to be concerned about one's safety in a foreign city where street crime is rampant and virtually everyone lives behind iron gates, concrete walls and barbed wire? Really?

In all frankness, I think it's idiotic to advise a stranger he should "just move" to such a place.
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Old 06-27-2018, 04:01 PM
 
Location: NE Mississippi
13,675 posts, read 8,585,088 times
Reputation: 19871
Quote:
Originally Posted by philopower View Post
I'm an American of Latin descent looking to get out of America because the cost of living is becoming too high, even in Texas where I'm from. I'm trying to build wealth while I'm still young and it's hard to do it on the money I'm making. I'm looking to relocate to somewhere in Latin America and I'll be making 6k USD a month remotely. Argentina is looking really good because the peso continues to weaken and inflation isn't following suit, so I could live like a king there.



My only concern is safety and racism. I've been to buenos aires but I do realize that visiting and living are two very different things. I do remember it being a lovely city with nice people who treated me very well. I'm just concerned that the situation is deteriorating with migrants from all over latin america moving to the country.



What do yall think?
My brother found your line of thinking to be a trap. He moved to Panama, never had many assets in the US, faded out of US Social Security and now he is tired of Panama and has no way back.
Same with our friends who retired early to live on a sailboat in The Caribbean. There is no way back.


If you want to live in third world, super low cost of living situations you can find plenty in America. Use your imagination. As long as you are not addicted to 'stuff' there is a way to live your life comfortably.
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Old 06-27-2018, 07:38 PM
 
109 posts, read 43,030 times
Reputation: 337
Quote:
Originally Posted by Listener2307 View Post
My brother found your line of thinking to be a trap. He moved to Panama, never had many assets in the US, faded out of US Social Security and now he is tired of Panama and has no way back.
Same with our friends who retired early to live on a sailboat in The Caribbean. There is no way back.


If you want to live in third world, super low cost of living situations you can find plenty in America. Use your imagination. As long as you are not addicted to 'stuff' there is a way to live your life comfortably.
This is a great point. If the goal is to reduce expenses and build wealth, there are places one can go and ways to do that, here in the US, without making such a drastic move. Living in a third world country is a huge leap.
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Old 06-27-2018, 07:57 PM
Status: "Then everything change forever..." (set 18 days ago)
 
5,204 posts, read 8,035,002 times
Reputation: 4269
Quote:
Originally Posted by Listener2307 View Post
My brother found your line of thinking to be a trap. He moved to Panama, never had many assets in the US, faded out of US Social Security and now he is tired of Panama and has no way back.
Same with our friends who retired early to live on a sailboat in The Caribbean. There is no way back.


If you want to live in third world, super low cost of living situations you can find plenty in America. Use your imagination. As long as you are not addicted to 'stuff' there is a way to live your life comfortably.
Most countries offer what is known as a Route Letter (might be called something else by US Embassies.) This is nothing more than the right for a citizen of that country that is suffering economic hardships in a foreign land can go to the nearest embassy of his country and ask for a Route Letter. The government will simply pay for his plane ticket (or bus ticket or train ticket, whatever is more convenient or possible) back to his country AND with the Route Letter would be allowed to enter his own country without a passport. Simply show the letter to immigration and they will let him in.

I would find it extremely hard to believe that a country as rich and powerful as the USA doesn't offer this, when so many countries that are dirt poor and chaotic offer this to their citizens abroad.
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Old 06-27-2018, 08:14 PM
 
Location: NE Mississippi
13,675 posts, read 8,585,088 times
Reputation: 19871
Quote:
Originally Posted by AntonioR View Post
Most countries offer what is known as a Route Letter (might be called something else by US Embassies.) This is nothing more than the right for a citizen of that country that is suffering economic hardships in a foreign land can go to the nearest embassy of his country and ask for a Route Letter. The government will simply pay for his plane ticket (or bus ticket or train ticket, whatever is more convenient or possible) back to his country AND with the Route Letter would be allowed to enter his own country without a passport. Simply show the letter to immigration and they will let him in.

I would find it extremely hard to believe that a country as rich and powerful as the USA doesn't offer this, when so many countries that are dirt poor and chaotic offer this to their citizens abroad.
I'm sure both parties I referred to could come back, but they have been gone so long there is nothing to come back to.
We don't refer very often to 'building an estate' as we go along working, but that's what we do. Cars, houses, furniture, real estate........ by the time you're 73 like us it adds up. And if you have been lucky and purchased wisely your life will be a lot easier.
Many times I have seen people hustle off to a foreign country and get the feeling they are more driven by snobbery than economics.
i.e., Just sounds a lot cooler to say "I live in Panama" than to say "I live in Texas".
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Old 06-27-2018, 08:21 PM
 
768 posts, read 984,065 times
Reputation: 1112
Quote:
Originally Posted by enigmatico View Post
I would urge you to spend several months living there before you commit long-term. Inflation is currently at ~25% and shows no sign of slowing down. I don't know if you've lived your entire life in the US, but if so, you're going to be in for a serious culture shock. Most Americans would not be able to successfully adjust. Robberies and street crimes in BA are really high. There are nice neighborhoods that are relatively safe, to be sure, but you can't live in a bubble. The hassles of everyday life there can get overwhelming.

I wouldn't worry much about racism or the migration issues. If you're dark-skinned, some people are going to treat you differently, but not so bad or so often as to make it a factor.

Inflation is high but currency depreciation is outpacing it for the time being. Expatisan shows Buenos Aires having a 50% lower cost of living than where I am in Texas. I'm curious though, are street crimes in areas like Palermo high? I didn't feel unsafe at all when I was in that neighborhood.
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