Thinking Argentina or Turkey in the recent years – if the local inflation is so severe that the price of grocery in the morning vs evening (on the same day) is different, how do people make large purchases like a house or a car? How is the price determined and who would provide the long term financing?
In: Economics
Quick answer, we don’t. You will need a huge salary and in many occasions, is more healthy to live in a rented home that owning one, here in Colombia you have to pay 2 taxes: a county tax and general taxes yearly. Same for cars.
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