The Most Danger Thing in Bali That Most Expats Skip Over

Number three, Indonesia, Bali. Number three, Indonesia, Bali. Is this video a huge downer? I don't Is this video a huge downer? I don't Is this video a huge downer? I don't know. I didn't feel like it though as know. I didn't feel like it though as know. I didn't feel like it though as when I was writing it. Bali is the most when I was writing it. Bali is the most when I was writing it. Bali is the most photographed destination on Earth right photographed destination on Earth right photographed destination on Earth right now. It deserves some of the It The now. It deserves some of the It The now. It deserves some of the It The culture is extraordinary, the landscape culture is extraordinary, the landscape culture is extraordinary, the landscape gorgeous, the food scene has become gorgeous, the food scene has become gorgeous, the food scene has become world-class, and there's a creative and world-class, and there's a creative and world-class, and there's a creative and entrepreneurial expat and digital nomad entrepreneurial expat and digital nomad entrepreneurial expat and digital nomad community there that is real and active community there that is real and active community there that is real and active and huge. It's also sitting on the Ring and huge. It's also sitting on the Ring and huge. It's also sitting on the Ring of Fire directly. Mount Agung erupted in of Fire directly. Mount Agung erupted in of Fire directly. Mount Agung erupted in 2017 and 2018, grounding flights and 2017 and 2018, grounding flights and 2017 and 2018, grounding flights and displacing tens of thousands of people. displacing tens of thousands of people. displacing tens of thousands of people. The Lombok earthquake in 2018 killed The Lombok earthquake in 2018 killed The Lombok earthquake in 2018 killed over 500 people on the neighboring over 500 people on the neighboring over 500 people on the neighboring island. Indonesia experiences more island. Indonesia experiences more island. Indonesia experiences more volcanic eruptions than any country on volcanic eruptions than any country on volcanic eruptions than any country on Earth. The country has around 130 active Earth. The country has around 130 active Earth. The country has around 130 active volcano. Bali itself sits between two of volcano. Bali itself sits between two of volcano. Bali itself sits between two of them. This is not like abstract them. This is not like abstract them. This is not like abstract geological trivia. This is the ground geological trivia. This is the ground geological trivia. This is the ground you're buying property on. And speaking you're buying property on. And speaking you're buying property on. And speaking of property, that's the second major of property, that's the second major of property, that's the second major risk that almost no Bali content risk that almost no Bali content risk that almost no Bali content addresses. Honestly, foreigners cannot addresses. Honestly, foreigners cannot addresses. Honestly, foreigners cannot own land in Indonesia legally. The own land in Indonesia legally. The own land in Indonesia legally. The workaround that the entire Bali expat workaround that the entire Bali expat workaround that the entire Bali expat property market is built on is a nominee property market is built on is a nominee property market is built on is a nominee arrangement. An Indonesian citizen holds arrangement. An Indonesian citizen holds arrangement. An Indonesian citizen holds the title in their name while you pay the title in their name while you pay the title in their name while you pay for everything and live there. You need for everything and live there. You need for everything and live there. You need no legal ownership. You have a contract.

no legal ownership. You have a contract. no legal ownership. You have a contract. If that contract goes wrong, if your If that contract goes wrong, if your If that contract goes wrong, if your nominee dies, sells, takes out a loan nominee dies, sells, takes out a loan nominee dies, sells, takes out a loan against it, gets into legal dispute, against it, gets into legal dispute, against it, gets into legal dispute, your entire investment is at risk and your entire investment is at risk and your entire investment is at risk and you have very limited recourse in you have very limited recourse in you have very limited recourse in Indonesian court. This agreement system Indonesian court. This agreement system Indonesian court. This agreement system just kind of failed in Thailand. It's just kind of failed in Thailand. It's just kind of failed in Thailand. It's the exact same structure that Thailand the exact same structure that Thailand the exact same structure that Thailand just started raiding and prosecuting. just started raiding and prosecuting. just started raiding and prosecuting. Indonesia hasn't moved on it yet. That Indonesia hasn't moved on it yet. That Indonesia hasn't moved on it yet. That doesn't mean it's safe long term. Means doesn't mean it's safe long term. Means doesn't mean it's safe long term. Means you're on a clock. Bali is also becoming you're on a clock. Bali is also becoming you're on a clock. Bali is also becoming a victim of its own content virality. a victim of its own content virality. a victim of its own content virality. Digital nomad saturation has driven up Digital nomad saturation has driven up Digital nomad saturation has driven up rents in Canggu and Seminyak to levels rents in Canggu and Seminyak to levels rents in Canggu and Seminyak to levels that no longer represent the value prop that no longer represent the value prop that no longer represent the value prop that sold the dream in the first place. that sold the dream in the first place. that sold the dream in the first place. You're now paying Bangkok prices for You're now paying Bangkok prices for You're now paying Bangkok prices for Bali infrastructure and Indonesian legal Bali infrastructure and Indonesian legal Bali infrastructure and Indonesian legal protection, which protection, which protection, which yeah. Go to Bali. It's worth it.