SusanSydney wroteI won't be buying/leasing until four years hence but am champing at the bit so research has become a substitute for action.
Any help would be appreciated!
Kate (stuck in Sydney)
If your action plan is 4 years away my advice would be to learn about the economic development of Indonesia as a whole and not lock yourself into the 'Bali villa dream'.
In this parliament's plan the growth targets are already described as too ambitious. The government thinks it can maintain a GDP growth between 5.8 and 6.2% by next year. No responsible economist agrees and if the US Feds raise interest rates watch the Rupiah plummet. The growth rate...to be realistic....needs to be double digit. 43% of Indonesian population are under 25 and ill-educated...they need skilled jobs which are not forthcoming because of the low economic investment climate, corruption, difficulty to get anything done, infrastructure and...ok I'm ranting; but there is plenty to rant about. Heck I can't even get this internet to work.
Today's Jakarta Post is awash with bad economic forecasts for Indonesia and, meanwhile, the House of Representatives is prioritizing a draft Bill to ban all alcoholic drinks.:grumpy:
In 4 years you may pick-up a resort or two at rock bottom prices....but then there may not be enough people coming to fill the rooms...still, should make nice palaces. On the other hand...given serious changes and proven management skilled people in charge...you might not afford to come.
