Traveling to Buenos Aires Argentina?
You might have missed the goods. I am glad I went last June.
Overrun by bankers:
Around October, when the economy went into free fall, a bunch of out-of-work finance guys in their 20s descended on Buenos Aires, where you can have the penthouse, the steak dinners and the bottle service at ridiculous nightclubs and still save money renting out your apartment in New York or London.
Lifestyle arbitrage, baby! The word got out, and the party built on itself, making the fantasy it offered all the more intoxicating: Come spend a month—or four—in Buenos Aires, where you really are a master of the universe, where nights are sleepless and potential business deals are all scams and the clubs teem with unemployed expat bankers looking for their identities in piles of cocaine and the bloodshot eyes of hookers and thieves.
Jason got to the party four months early. That’s not his real name. This is his story.
Story of another cat who moved down there:
Jesse, a 27-year-old former New York City investment banker, moved to Buenos Aires 11 months ago. In the last few months, he says the trickle has turned into a full spray: On average he meets two new arrivals a week. “There is a huge global migration of newly unemployed bankers to Buenos Aires,” he said. “The funny thing is that most of them claim that they left voluntarily, but none of them can say that while they look you in the eye.” Talk naturally turns toward the Wall Street crash. “There is an instant sense of community,” said Jesse. “If you think about it, losing a high-paying job that you worked your entire life to acquire is a very traumatic experience. I can’t tell you how many emotional conversations I have had discussing how it happened, how you feel about it, what your plans are. Most have decided the industry is over and have no idea what they want to do going forward.”
Buenos Aires Cafes
ON Saturday nights in Buenos Aires, the Miramar cafe crackles with the energy of local families, famished tango dancers and gregarious waiters delivering plates of crisp-skinned sardines, shrimp and fresh oysters. Miramar is in San Cristóbal, a barrio known for its tango dance halls but otherwise off the tourist beat. Local diners come to share generous servings of oxtail soup, rabbit hunter-style or chorizo-laced Spanish frittata. Even with a couple of bottles of malbec and mineral water, the feast seldom tops the equivalent of $15 a person.
The Rest is Up to You…
Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life