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The Exorbitant Increase in Rents in Argentina Causes Havoc for Tenants

El aumento exorbitante de los alquileres en Argentina causa estragos en los inquilinos

Rentals of homes in Argentina have skyrocketed in recent months, leaving many families in desperate situations. Contracts are being renewed with average increases of 400%, making it difficult for tenants to afford the payments. This new deregulation scheme has led to devastating consequences for renters, leaving them with no options and no homes.

In the face of this situation, many people have been forced to make difficult decisions, such as moving to other cities, moving back in with their parents, or even living with their children. Families have become vulnerable and have been denied the basic right of having a roof over their heads.

The elimination of the Rental Law through a decree in 2024 has caused a crisis in the real estate market. Tenants are facing exorbitant prices to renew their contracts, far surpassing their monthly incomes. Many are forced to choose between paying rent or meeting their basic needs, such as food. This inequality between the parties involved has created an ever-widening gap in society.

The outlook is bleak, and the situation is worsening. The prices do not align with tenants’ salaries, and the market has ceased to be a viable option for many. The elderly are especially vulnerable and are forced to seek alternative solutions, such as sharing housing with ex-partners or living with other relatives.

Although it is argued that deregulation can increase the supply of properties, the reality is that prices continue to rise disproportionately, creating an apocalyptic scenario for tenants. The situation is unsustainable, and it is necessary to seek solutions that protect the rights and well-being of renters.

We hope that authorities take measures to alleviate this crisis and provide real solutions to affected tenants. No one should be deprived of a safe and affordable roof in their own country.

Frequently Asked Questions:

1. Why have rental prices in Argentina increased so much?
Rental prices in Argentina have significantly increased in recent months due to the elimination of the Rental Law through a decree in 2024, which has led to a deregulation scheme in the real estate market.

2. How does this affect tenants?
Tenants are facing average increases of 400% when renewing their rental contracts, making it difficult for them to afford the payments. Many are forced to choose between paying rent or meeting their basic needs.

3. What are the consequences for affected families?
Families affected by this situation are forced to make difficult decisions, such as moving to other cities, moving back in with their parents, or living with their children. They have become vulnerable and have been denied the basic right of having a roof over their heads.

4. What alternative solutions are affected people seeking?
Some affected individuals are seeking alternative solutions, such as sharing housing with ex-partners or living with other relatives, due to the lack of affordable options in the rental market.

5. What measures are expected from the authorities?
It is expected that the authorities will take measures to alleviate this crisis and provide real solutions to affected tenants, ensuring that no one is deprived of a safe and affordable roof in their own country.

Definitions:

– Deregulation: The process of eliminating regulations or restrictions in an economic sector, such as in this case, the real estate market.

Related links:
– Ministry of Territorial Development and Housing
– Página 12: Rentals, the worst crisis in history