Silvia Gauna is struggling to make the rent on the one-room Buenos Aires apartme...
BUENOS AIRES - Silvia Gauna is struggling to make the rent on the one-room Buenos Aires apartment she shares with her teenage daughter. High inflation has driven up rents, with salaries and employment hit by recession. Gauna herself lost her long-term job in August.
Gauna’s plight reflects a broader housing crisis. In the wealthy capital alone, two-fifths of people have difficulty making rent as prices have outstripped salaries, according to the city’s independent ombudsman office, double the level in March last year. Homelessness has risen and many houses stand empty.
The rental crisis underscores broader dynamics in Argentina ahead of elections likely to oust Macri. The center-rightist, a former Buenos Aires mayor, came to power promising to spur investment and eradicate poverty, but now looks set to leave office with millions more in hardship. “With rent increases across the board, people can’t cope because of delayed salaries and tough market rules,” he said.
Argentina’s Congress, meanwhile, is now looking at draft proposals to alleviate the housing crisis. Three proposed housing-related bills went in front of lawmakers on Tuesday.
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