Inflation Leading to Supply and Demand Problems in Argentina
There is a weird phenomenon at the hostel that I am currently staying in. Many of the guests are long-term residents. And by "long-term," I mean not weeks or months, but years after years. Some of the residents are foreign students at local universities doing their proper college degrees. And they tell me that for some reason, it is cheaper for them to stay in a hostel, even with their inflated daily rates, than it would be to find a shared apartment in a decent part of Buenos Aires.