How Argentina’s ‘chainsaw man’ Javier Milei slashed rents by 20pc

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1. Javier Milei, known as Argentina’s ‘chainsaw man’ for his aggressive economic reforms, has made headlines for his bold approach to tackling the country’s housing crisis. By implementing a series of measures aimed at reducing bureaucracy and increasing the supply of rental properties, Milei has managed to slash rents by 20%.

   His policies have included deregulating the rental market, eliminating certain taxes, and encouraging private investment in real estate. These steps have not only made housing more affordable for many residents but also stimulated the economy by fostering a more dynamic rental market.

   However, while these changes have garnered praise from some sectors, there are concerns about the long-term impact on tenants’ rights and housing stability. Critics argue that rapid deregulation could lead to exploitation and a lack of protections for renters. The success of Milei’s reforms will ultimately depend on how they are implemented and the balance achieved between affordability and tenant security.

   Overall, Milei’s approach highlights the complexities of addressing housing issues in a country grappling with deep economic challenges, and it will be interesting to see how his policies evolve in response to both support and criticism.

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