Another Bali Property Nightmare




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ORIGINAL POST

POSTED BY Thomasmalthus (37 days ago)
Luxury property purchased in Ubud for USD2,000,000+

Owner invests another USD1,000,000 into renovating the property (the house was 10+ years old)

Soon after the renovations were completed, the village on the other side of the river ridge invites in an tourism operator to offer swing rides, complete with loud music blasting away and close enough that the customers can see everything going on at the $3,000,000 villa.

This noise and activity goes on from early morning through till the evening, 7 days per week, 365 days per year

These 'swing' businesses make considerable money so there is no way you can get rid of them. You cannot even pay them to go away. And the government will do absolutely nothing to help you because there are no zoning laws in Bali. You can do just about anything you want to.

Now the villa owner has two problems:

- selling the villa at a decent price impossible
- renting the villa for a decent price is impossible

Welcome to Bali! Kumbaya!!!

https://youtu.be/vzCYXSW0I1g

COMMENTS

Thomasmalthus (36 days ago)
Did I mention that it is common practice for property agents, including the expat agents such as that one guy who is very active in the Ubud area, to step in between the buyer and seller and take both his commission AND covertly increase the price by up to 50%?

Thomasmalthus (28 days ago)
Now here's a really funny joke!

There is a school in Bali called The Green School. I have heard it described as 'a summer camp' yet it charges fees that are right up there with real private schools with real reputations.

And the punchline:

Most of the students come from wealthy families from places like California so they fly in (no doubt business class) and fly back home (again probably business class).

And the parents fly in to visit their children (definitely business class or possibly private jets?) and then they return home to their mega mansions made of concrete, steel and glass. And they spend their massive incomes on buying all sorts of 'stuff'.

Meanwhile The 'Green' School is proud to be producing 'eco-warriors'



https://nataliaantonova.files.wordpress.com/2013/12/cannot-handle-the-hysterical-laughter.gif

Thomasmalthus (20 days ago)
A nightmare in paradise

Many Australians, thinking they had circumvented Indonesia's ban on foreigners owning freehold land, have signed illegal nominee deals.

The story sounds Kafkaesque. Susi Johnston has lost everything; her beloved husband, their $3 million Bali home, the peaceful retirement she had planned.

Johnston, and her late husband, Bruno Piazza, had poured their dreams and life savings into a spectacular modernist villa near the coastal village of Canggu​, a hub for artists and expats. But Johnston discovered, shortly after Piazza's death from cancer, that their land "ownership" had been documented illegally.

https://www.smh.com.au/world/a-nightmare-in-paradise-20150709-gi8lrr.html


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