Medellin Reports

[HumbleHal]

One more pitfall in investing in another country. You can not predict when laws will change and you are stuck with your dick in your hand. Wasn't someone the other day talking about how they are about to buy a place to fix up for an airbnb? If this news had come out in another week or 2 then they would have been fucked.

Exactly. I was going to buy a 3 bedroom apartment / condo in El Poblado. But the property was in probate and one of the 30 heirs would not agree to sell. So I passed. Now I am not going to. My real estate agent says they apartments can be rented by the month. Maybe by the week. But daily rental is out.

[Knowledge]

The barriers were 100% the low point since the pandemic. I say this from the perspective of someone who was in Plaza Botero most days during the pandemic, because we weren't allowed to be many other places. Since the barriers were removed, I notice steady improvement. It's not where it used to be yet but the trend is encouraging. Before the barrier I took being able to circulate from behind the church to the front of the plaza for granted. It makes a big difference that all the girls are no longer squeezed into a two street dog leg along the side of and behind the church.

While I had been to Bogota pre-pandemic I unfortunately didn't discover Medellin until 2020. However I do agree that Centro was much better at the end of 2020 when Colombia first opened back up to international flights and in 2021 as well. 2022 was still better but starting to go downhill. But when those stupid barriers went up in 2023 that's when Centro took a turn for the worst. Hopefully now that the barriers are gone it will be returning to how it used to be. It's only been a few months so it's still evolving but it does feel more open and free like how it used to. Now we just need the quality of the women to go back to where it used to be and we will be all set.

[Knowledge]

The licensing rules are not changing. I think the mayor is referring to stronger selected enforcement in response to citizen complaints about high rental rates. Fico is a skillful politician. He keeps up with the opposition and the liberal opposition is behind a campaign that promotes the idea that Airbnb investors are pricing low income residents out of neighborhoods.

Little alarmist. I bet the definition of "residential areas" is rather specific and many areas do not qualify as not residential (where the first floors are commercial).

[Hunglow1625]

Would love to hear from anyone here that has visited and spent some time in Itagui.

It seems to be pretty close to El Poblado, maybe an hour drive?

I am meeting many beautiful chicas on Facebook who are from there. Many will travel to Poblado some won't.

Might be a nice change for a day or so to visit?

[DiscoverFL]

The new mayor Fico Gutirrez is now going after Airbnb and according to this story short-term rentals in residential areas are going to be prohibited within the city of Medellin.

https://youtu.be/NqcrwmmgLJg?si=ldBdy3T2ZkdxE-JD

Follow Along.

Little alarmist. I bet the definition of "residential areas" is rather specific and many areas do not qualify as not residential (where the first floors are commercial).

[LivingFossil]

Ahahahah! You sure? :-D She does not know Google, right?
You might get the (good) surprise of your life.

Nah she's not the type to do that.

Yea anyone can find out MDE is top mongering spot in seconds, but how many casual females travelers are likely to run into that fact on their own. Idk?

[Mr Enternational]

The new mayor Fico Gutirrez is now going after Airbnb and according to this story short-term rentals in residential areas are going to be prohibited within the city of Medellin.

https://youtu.be/NqcrwmmgLJg?si=ldBdy3T2ZkdxE-JD

Follow Along.

One more pitfall in investing in another country. You can not predict when laws will change and you are stuck with your dick in your hand. Wasn't someone the other day talking about how they are about to buy a place to fix up for an airbnb? If this news had come out in another week or 2 then they would have been fucked.

[Param Ahmad]

Oasis Massein (03-09-2024).

Transversal 42 b #63 c-45, Conquistadores. Chicas: _ Prices: 285 p.

Hours: Monday to Friday 11 am to 7 pm, Saturdays 11 am to 5 pm, Closed Sundays.

Tel: + 57 323xxxx7-62.

I walked there using a maps app that shows it on Transversal 42B (I'm not sure about Calle versus Transversal; they seem to be the same) between Carrera 66B & Diagonal 65D.

[Fun Luvr]

I speak for everyone here on the Medellin thread in saying that we miss reading Osteoknot's informative posts and we hope that he is doing well.

You don't speak for me. I'm glad there are no more of his posts.

[HumbleHal]

The new mayor Fico Gutirrez is now going after Airbnb and according to this story short-term rentals in residential areas are going to be prohibited within the city of Medellin.

https://youtu.be/NqcrwmmgLJg?si=ldBdy3T2ZkdxE-JD

Follow Along.

Is El Poblado part of Medellin so no more Air bnbs?

[Gabacho]

My bad. I hit the wrong keys and failed to proof. Hi was around 5,000 and current is in the high 3000's. But still a great rate compared to when I start going 18 years ago (about 2200-2400) and the all-time low of around 1700-1750. The only good thing about the low rate of 1700-1750 due to the GFC was that a lot of guys could no longer afford to go and the girls were desperate. It was a good time to be a gringo who could pay with the crappy exchange rate. While the higher exchange rate is good in some ways, it's also bad because it's attracted guys who would have never gone otherwise.

I guess my critical thinking was wrong then. But as you can see from this chart here the GBP did hit 6000 COP as a high point and recently was around 4800 so you could see how one could think that.

It would be nice to be a British digital nomad getting paid a nice salary in GBP while working from home living in Colombia.

[ColombiaLover]

My bad. I hit the wrong keys and failed to proof. Hi was around 5,000 and current is in the high 3000's. But still a great rate compared to when I start going 18 years ago (about 2200-2400) and the all-time low of around 1700-1750. The only good thing about the low rate of 1700-1750 due to the GFC was that a lot of guys could no longer afford to go and the girls were desperate. It was a good time to be a gringo who could pay with the crappy exchange rate. While the higher exchange rate is good in some ways, it's also bad because it's attracted guys who would have never gone otherwise.

Good catch, if that is the case. As far as the dollar, we have been getting hit since the high around 4,500 as I mentioned. Prices got pegged to that amount and were never recalibrated as the value of the dollar declined. IMO. This has affected everything from real estate to groceries.

[Gabacho]

The new mayor Fico Gutiérrez is now going after Airbnb and according to this story short-term rentals in residential areas are going to be prohibited within the city of Medellin.

https://youtu.be/NqcrwmmgLJg?si=ldBdy3T2ZkdxE-JD

Follow Along.

[Gabacho]

Good catch, if that is the case. As far as the dollar, we have been getting hit since the high around 4,500 as I mentioned. Prices got pegged to that amount and were never recalibrated as the value of the dollar declined. IMO. This has affected everything from real estate to groceries.

Actually the dollar went as high as 5000 cop back in 2022 around the time I got my apartment and was buying furniture and shit. I want to say mid to late summer of 2022 thru beginning of 2023 the dollar was between 4900 and 5100 during that time like Q3 2022 until Q1 2023.

[Orgasmico]

I was going to call him out on the 6000 and 4800 too but then I reread his post and didn't see where he said dollar anywhere he just said exchange rate, so I deduced that he must be talking about Great British Pounds instead of dollars and a quick Google search confirmed this. Just last week the GBP to COP was in the lower 4900's and it's currently in the low 5000's.

So I'm pretty sure he was referring to GBP to COP when he mentioned 6000 and 4800.

Good catch, if that is the case. As far as the dollar, we have been getting hit since the high around 4,500 as I mentioned. Prices got pegged to that amount and were never recalibrated as the value of the dollar declined. IMO. This has affected everything from real estate to groceries.