Huh?

[Sharky1203]

Argentina's rent control law was repealed in December 2023 by President Javier Milei, and the change has had a significant impact on the country's housing market:

• Rental prices: Rental prices have fallen by 26.6%.
• Rental supply: The supply of rental properties has increased by 211.9%.
• Negotiation: Tenants and property owners can now negotiate contract terms more freely.
  
  

The previous rent control law, enacted in 2020, was intended to protect tenants. However, it had the opposite effect, leading to high rents and a shortage of available rentals:

• Landlords: Landlords were reluctant to sign long-term leases, and some withdrew their properties from the rental market.
  
  
  
• Rents: Landlords set high rents to protect against inflation.
  
  
  
• Empty homes: One in seven homes in Argentina were empty by late 2023.
  
  
  
• Buenos Aires: In Buenos Aires, the number of Airbnb properties nearly tripled from 2019 to 2023.
  
  

Milei's repeal of the rent control law is part of a broader effort to make Argentina's economy more free market.

Here are some estimates for Argentina's GDP in 2024:

• IMF
  $604.26 billion in real GDP growth, $12.81 thousand in GDP per capita, and 0.67% of the world's GDP based on purchasing power parity (PPP)
  
  
  
• Trading Economics
  $622.65 billion in GDP, with a projected trend of $636.35 billion in 2025 and $652.26 billion in 2026
  
  
  
• BBVA Research
  A 4% decline in GDP, followed by a 6% rebound in 2025
  
  
  
• World Bank
  A 3.5% contraction in real GDP due to a stabilization plan that includes realigning relative prices and eliminating fiscal and external imbalances
  
  

Argentina's economy contracted by 3.4% in the first half of 2024, but signs of recovery have been evident since the third quarter. The rise in real wages has also begun to contribute to greater economic activity.

Salaries in Argentina have been increasing, with the minimum wage and average salary both rising:

• Minimum wage
  As of September 2023, the minimum monthly wage in Argentina was 268,056 Argentinian pesos, which was a 127% increase from the previous year.
  
  
  
• Average salary
  The average salary in Argentina for all sectors in 2024 is expected to be around ARS 1,800,000 per year.
  
  
  
• Wage growth
  In January 2024, wages in Argentina increased by 19.99% compared to the same month in 2023, which was an all-time high. The average wage growth in Argentina from 2015 to 2024 was 4.19%.
  
  

In Argentina, collective negotiations, known as reuniones paritarias, are more common than individual negotiations. Employees in Argentina also receive a 13th salary, or aguinaldo, which is paid in two installments in June and December. Each installment is half of the employee's highest monthly salary from the previous six months.

 

[Sharky1203]

Where's the defense for Socialism and Government regulations?

 

[mnole03]

Where's the defense for Socialism and Government regulations?

Rent control and squatter’s rights come from a different time. Now they’re just archaic and abusive.