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Retire To Buenos Aires

Kathleen Peddicord by Kathleen Peddicord
Oct 07, 2010
in Retirement/Living
0
time lapse image of cars driving past an Obelisk monument at night in Buenos Aires
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Fortunately And Unfortunately–Buenos Aires, Warts And All

“Buenos Aires,” writes Correspondent Siri Lise Doub, “reminds me of that children’s story ‘Fortunately and Unfortunately…’

“Fortunately, Buenos Aires is in a great location, making it a good place for a regional office and blessing it with a mild, warm climate year-round.

“Unfortunately, the city, like this entire country, suffers from an openly corrupt government.

“Fortunately, even with its government, Argentina’s growth rate is relatively high at about 6%. People somewhere in the country are making money somehow.

“Unfortunately, its inflation rate is through the roof. Prices are rising daily.

“Fortunately, it is still very inexpensive. Even with rising costs, prices are still much lower than they are in many countries.

“The prices in Argentina were artificially low following the 2001 financial crisis and were going to have to rise. That’s what’s happening now. Even so, averages are substantially less than those in neighboring Chile and Uruguay. The government’s bizarre economic policies and price controls have actually served to support many of the low prices. A dinner out for two with wine and several courses is still only about US$40. A gardener charges US$63 a month at the current rate of exchange. Entrance for some museums is less than US$1.

“Unfortunately, you can’t find many foreign products–like Tabasco or Pringles–because of import controls imposed by the aforementioned corrupt government.

“Fortunately, the city is so fashion-forward that you can arrange a manicure and pedicure even in the maternity ward of a hospital.

“Unfortunately, a size larger than a 4 is hard to come by in women’s clothing stores. Thin is definitely in.

“Fortunately, Argentina is a bread basket with a huge wheat export and just about the best meat in the world.

“Unfortunately, there is a ban on meat export because of price controls…so don’t plan on starting a business on the country’s most-valued product.

“See what I mean?

“It’s a question of what you want out of life. You’ll need to take an honest look in the mirror before you decide whether this could be the place for you. The people who choose Buenos Aires do so with their eyes wide open. And most never look back.

“One friend took a vacation here to fly fish. He returned to live for two years in 2004, and he’s still there today.

“Another friend didn’t even make it home in-between. He went down for a month and is still in BA three years later. Another lived there for four years in the 90’s and never forgot the experience. He finally has been able to return to make BA his home today.

“They all say frankly: ‘I’ll take inconvenient Argentina over most any other more convenient place any day.’

“There’s something about this city that captures peoples’ hearts.

“Bottom line, Buenos Aires offers a terrific quality of life: In spite of the fact that BA is a big city (largest in Argentina, second-largest in South America) there is a laid-back quality of life here which many find refreshing.

“I spoke to one expat who describes Buenos Aires as ‘removed,’ with a ‘small town feel.’ The expat community is not overwhelming–you can do with it what you’d like–and the cultural barriers are not immense. People are friendly and pleasant–even in the service industry. Waiters, cashiers…even airport staff is less surly than you’ll find in many other major cities. Domestic help is also wonderful. My friend Amanda pronounced her nanny and housekeeper the ‘best I’ve ever had in my life.’

“Another expat said that, although she was initially unsure about returning to Argentina, ‘once I arrived, I was actually glad to have left America–a feeling I have never experienced before, in all the places I’ve lived…'”

Kathleen Peddicord

 

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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