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
In Argentina there is no thing as credit, so people that buy houses do it by cash in USD, most people buy Dollars to save money.
People joke saying that in Argentina you buy a pair of shoes with credit but a house in cash.
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