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NewsTranscript
00:00 without shelter or rules.
00:02 For many Argentines,
00:04 the first concrete impact of a month of deregulation
00:06 under the ultra-liberal presidency of Javier Milet
00:08 is the worsening of the plague of inflation,
00:10 resulting in increasingly inaccessible
00:12 and an incessant quest for food
00:14 at affordable prices.
00:16 Between empty boxes and half of his studio
00:18 packed, Thomas Islian,
00:20 28 years old,
00:22 is about to leave his hometown of Toujours
00:24 in February.
00:26 His owners have not renewed his bail,
00:28 invoking the complicated situation of the economy.
00:30 Translation likely,
00:32 wait for the market to stabilize
00:34 to set a higher rent
00:36 or go to Airbnb.
00:38 "I lived all my life in the corner,
00:40 it's horrible to have the impression that I'm being expelled "
00:42 explains the young freelance audiovisual producer.
00:44 "It frustrates me because I'm a professional,
00:46 I have two diplomas,
00:48 four jobs,
00:50 it's not possible to have to leave
00:52 20 km from where I've always lived. "
00:54 The housing crisis is not new in Buenos Aires,
00:56 where short-term rents are overflowing
00:58 for foreign dollars,
01:00 when the Peso de Portono no longer follows
01:02 the inflation of rents,
01:04 which are almost never claimed in Peso.
01:06 And the picture has worsened
01:08 with an inflation of +12.8% in November
01:10 and 25.5% in December,
01:12 to reach +211% in 2023,
01:14 consequence of the end of the framing
01:16 of rents, prices,
01:18 and the repercussion of a devaluation
01:20 of 50% of the Peso on the first day
01:22 of the presidency of Javier Milet.
01:24 Rents set in meat?
01:26 Without the wind coming,
01:28 Thomas seems to be walking for months,
01:30 but finds nothing
01:32 close to less than 4 times his current rent,
01:34 or that is not required in dollars.
01:36 Staying in the neighborhood
01:38 would cost him 50% of his salary
01:40 of 700,000 Pesos, 850 dollars.
01:42 We receive desperate people
01:44 who tell us that they do not know
01:46 where they will live the next day,
01:48 assures Gervasio Munoz,
01:50 president of the Inquilino Agrupado organization,
01:52 a landlord who is in the first line
01:54 of a situation that he considers
01:56 very serious, of a real estate distress