Bali + World News & Views: The Good, the Bad and the Ugly News

Good Morning World from Bali Indonesia. Welcome to the Last Quarter of 2018

It is now Monday, October 1st. 7:54 AM in Bali and Sunday night Sept. 30^th.

in New York.

The Good, the Bad and the Ugly

As we start off the last quarter of 2018 I have some bad news, some ugly new and some good news for you, especially if you live in Bali.

Earthquake, Tsunami Kill Thousands:

The bad news of course is that late Friday afternoon a devastating 7.4 earthquake followed by a tsunami which reached heights up to 6 m (according to reliable sources) struct Sulawesi, Indonesia.

The death toll of this horrific event is already up over 800 and officials and I predict that it will reach into the thousands perhaps even 2,000 before it's all over as they finally ascertain the damage and loss of life.

Our hearts and prayers go out to our northern neighbours on the island of Sulawesi over 1,000 km from the Bali International Airport.

This area of Indonesia which is prone to earthquakes and tsunamis in the past will take a long time to recover. In fact, my wife has relatives in the area which we still have not heard from.

The Ugly News:

The other negative news on the world stage is the fact that America is tearing itself apart as bipartisan individuals broadcast sworn testimonials from both accuser and accused during the Supreme Court nominee hearings in Washington DC. Unfortunately, it is showing the truly ugly American side of the whole affair.

I feel sincerely sorry for Americans, especially my close American friends’, who are trying to hide their identity as they travel throughout the world because all the world sees is the dirt and the ugliness of the current American political situation.

I would not want to be American travelling these days as the first thing many people would say is “what do you think about Donald Trump”. The normal answer from my friends is “He is not my president. I didn't vote for him”.

He has single-handedly alienated himself and the United States from many of the top nations in the world including China, Europe, and even its closest neighbour and friend, Canada.

Donald Trump boasts in his book “The Art of the Deal” about always been able to make the deal. He doesn't realize that there is more to life than money and whenever you're negotiating with anybody “both parties must come away from the table feeling good”.

“Both parties must come away from the table feeling good”.

He also does not realize that he cannot keep his campaign promise of “Making America great again” if he makes deals that are so harsh that people only reluctantly signed them but, in the background, despise both him and the United States

The Good News:

As I always tell my sons “every problem has a solution and every solution is either time or money or a combination of both”.

“Every problem has a solution and every solution is either time or money or a combination of both”

It's hard currently when we see constant news about the Sulawesi earthquake and Tsunami aftermath to see any good news on the horizon but there is plenty.

A small piece of good news is that Lombok, an island closer to Bali is recovering from its horrific earthquake it suffered on August 5^th. which killed hundreds of people and destroyed thousands of homes.

Unfortunately, many tourists have cancelled their reservations to Lombok to come to Bali.

The good news for the people of Lombok is that the aftershocks have subsided substantially. There have been very few in the recent past.

Hopefully the people of Lombok can stop worrying about the next big earthquake and start refocusing on rebuilding their lives.

The Eternal Optimist:

Being the eternal optimist, I always like to look beyond current events to the future.

Largest I.M.F. Meeting in History:

Next week Bali will be hosting the International Monetary Fund annual meeting which will bring to Bali over 20 world leaders and an estimated 15,000 delegates and their families.

It has been touted as the largest annual meeting of IMF in history.

One does not have to guess why most I.M.F. delicates would love to go to Bali for a meeting instead of some cold, dark often polluted city such as Chicago or Beijing.

Starting in a few days the international press will be all over this with press releases about everything related to the I.M.F. meeting including where they are staying, what attractions they are visiting and of course what is discussed during this annual meeting.

Our President Ir. H. Joko Widodo known fondly as Jokowi could not have asked for better timing for this meeting as he is going into an election year next year This conference will allow him to receive substantial Free Press from the world stage.

There is no better advertising for a country than to have their country featured on the international news every half hour for almost a week.

A latent benefit from this meeting is that it shows that although there are earthquakes and tsunamis thousands of kilometres away, Bali is safe enough to even have 20 of the world's leaders attend this conference.

Little Effect on Bali:

In fact, Bali has seen very little effect from the earthquakes on Sulawesi and Lombok as the tourists continue to flood in.

Our bookings at our Bali Luxury Villas have been equal to or higher than last year. This of course is good news for our company, our staff and all the supporting businesses in Sanur and Bali that our guests’ patronize.

Another small piece of good news is that the U.S. dollar finally seems to be dropping a little bit against the Indonesian rupiah the last few weeks. After rising rapidly, it topped off and is now coming down. This could be good news for Indonesians who purchase goods from abroad.

Bali’s Unemployment Rate Extremely Low:

Another piece of good news that has fallen through the cracks is the fact that the Bali government reported last week that their unemployment rate is less than 1%. When you compare that to America where Donald Trump Brags about a 4-5% unemployment rate we are the envy of many places in the world.

Bali Real Estate on an Upswing:

Finally, I would like to report that my predictions made last year about this time that the Bali real estate market had stopped falling.

After a four-year downturn in prices which followed the first downturn in modern history triggered by speculation demand and prices now appear to be starting back up.

Some examples of this are our own Bali Luxury Villas which start as low as $158,000 and have not sold for a few years. In the last couple months two, or 4 % have sold.

Another example is beachfront properties, which again virtually none have sold for a couple years. In the last two weeks I've heard of one large property worth several million dollars and another smaller property worth close to $1 million selling just up the coast from us. You amy see over 200 recent listings at heaveilt discounted prices at Best Asia Real Estate

Finally, what I call one the best Bali real estate indicators of all is the Jakarta Chinese who are back bottom hunting looking for bargains. I have lived here for 22 years and anytime they have come into a market and start buying prices usually start back up and then all her friends want to get in as well.

I am more than ever solidly convinced that my prediction made one year ago that this is the second-best time to buy Bali real estate this century is a truism.

Free Bali Real Estate Investment Seminars:

In fact, I'm spending time and money to run seminars starting this week.

To find out what's happened in the Bali market, where to buy, how to get prices as much is 50% discount from 2014 and how to make profits from 10 to 14% per yr. read the following information.

Make a booking soon because it looks like were going to be overbooked.

Conclusion:

If we focus on the depressing things around us we will become depressed, less productive and possibly even destroy our health.

Life is all about cycles and as a famous author that I follow extensively, Napoleon Hill said “every adversity has within it the seed of an equal or greater benefit”

“Every adversity has within it the seed of an equal or greater benefit”

No matter what is going in the world or in your life always look for “the seed of an equal or greater benefit”.

Once you find the seed plant it, nurture it, and watch it grow into an equal or greater benefit.

Wishing you, your love ones and everyone throughout the world a happy, successful, and profitable final quarter, 2018.

Free Bali Real Estate Seminars:

Whether you are a buyer, seller, broker, agent, investor, lessor or renter you can benefit from attending one of our two free Real Estate Seminars in Bali this month.

At these seminars PT. B.A.L.I’s Canadian President, Lawrence, a 22 yr. Bali resident, President of 14 yr. old company with 135 staff, married to Azizah, a fully Licenced Notaris will review the most recent real estate laws for Indonesians and Foreigners in detail.

Then they will also provide a full colour audio, visual presentation with many professional charts on the Past, Present, and Future of Bali Real Estate.

Free Seminar Schedule:

Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.

Dates & Times:

Thursday - Oct 4th. 6:30 PM - 7:45 PM
Saturday - Oct 6th. 2:00 PM - 3:15 PM.

Seminar Topics:

At these seminars you will learn about:

The Past, Present and Future of Bali, Indonesia, Asian and Australian real estate.
Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years without leases?
How to avoid legal problems and make sure a property is safe.
How to avoid complicated real estate laws affecting Indonesians married to foreigners.
Why this is the second best time to buy this century.
Where are the best locations to buy for maximum profits?
What type of properties will offer the best investment potential of *10% to 20 % per year?
Discover how you can sell your property fast for the highest prices and lowest commissions on a brand new web site designed after the largest most successful real estate site in America with high tech search features.
An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount.
A Quality 5,000 m2 Bali Hotel with 12 bungalows, 3 pools and Restaurant for only $588,000.
Low cost properties with Luxury Villas starting as low as $158,000 for a three bedroom 650 m² 3 bedroom, 4 bath with private 9 mtr. Pool.
Ridiculously low priced ocean view building lots starting as low as $25,000 for 500 m².
Brand new Bali Luxury Reiremnmet Villas starting at $208.00 per mth.