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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (47934)	4/3/2004 10:26:47 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Report on Jakarta will come as soon as I get settled. Too much to do in the first 4 to 6 weeks. Also need to get the 'pulse' of the country. Know what? After living here 4 years in the late 90s -pre economic meltdown- then living in Thailand and Malaysia after the collapse had worked through, and now back to here, it will give me a perspective that I didn't have when I was here first time. I don't read the stuff on libraries, Jay, I live the history! In 1997 pre crisis: 1USD=IDR 2.500) a Jakarta 3Bed Room town house cost USD2500 per month. In 2004 post crisis(1USD=IDR8.550) Today, a Jakarta 4 Bed Room villa cost USD1.950 per month today. This villa in 1997 -pre crisis would have cost USD6.000 The area is full of "Di Jual" signs for sale signs. Properties have been without tenants for a few years judging by the outside conditions.