Home Sweet Vacation
Or, live work play at home... or away
According to Brian Chesky, CEO of AirBnb,
A home used to be a place for people to just live. But if it’s a place to live, or work, or be on vacation, then people can work from many homes if they want. Our relationship to our homes is changing.
If that's the case then perhaps one of your "many" homes can be in a far flung place, on a tropical island perhaps, or in a country where sheep outnumber people (New Zealand: 5.6 sheep per person).
And, out of curiousity, what would your wealth status be if you were to obtain a home, even for part of the year, in a faraway land?
Consider the graph below:
If you have a net worth of $60,000 USD you can be blinging it big time in Kenya. Or where I live, in Indonesia, you need $130,000 to live like you've been born with a silver spoon dangling from your mouth.
My point is, and you can see this trend developing in first-world countries - if it is possible to make a big city salary in a small town, then why not?
Even here in Bali we see real estate climbing at increased rates as more digital nomads or even good old fashioned salaried folks are becoming empowered by the Zoom revolution. Work, some aspects of health care, and even schooling will be increasingly screen oriented.
So where you decide to hang your hat might evolve to having separate hats in multiple homes.
There's a relatively new online platform that captures this trend: Casadiva
At Casadiva we've modernized and simplified the decades-old practice of DIY co-ownership.
The home ownership is spit into 8 equal pieces. Buy as many as you want. Then simply book your stays through our app for free, forever.
It's that simple.
Click and you're booked for your digs in Lisbon. Click again and it's off the Rio.
If only life were that easy.
In this new roulette wheel of landless office space you may be overwhelmed with new choices. Do I stay in the big city? Should I get a bigger house for far less in a sleepy backwater? Should I be more nomadic and spend summers where it's warm and winters where it's even warmer?
If this new minefield of choices are too much then how about this option: you can buy virtual real estate for real money! Or coins! Or, money that's also coins!$#@+&
Introducing Decentraland
Reuters reported on Monday that a Tokens.com subsidiary, the Metaverse Group, bought a patch of virtual real estate in the Decentraland metaverse for 618,000 MANA – equivalent to around $3.2 million at the time of writing.
Photo: A very real entrance to a Balinese home in my neighborhood of Pererenan
Here's another thought. Perhaps it's best to go where people, especially young folks, are the most optimistic?
In that case it's Indonesia that wins the gold.
Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity, and a member of the G-20. Furthermore, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to just under 10 percent in 2020.
If the above optimism still leaves you uncertain about moving to my adopted country, Indonesia, then consider this: if it's too rainy in your Indonesian neighborhood you can hire a shaman to make it go away!
Sold!
Samara Residences update:
Our development project is officially online right here.
Photo: View from level one of the Community House
We have a plan to create a very real place with seven residences and a huge number of amenities and are looking for five buyers (residents or investors) in order to begin construction.
On the website I've included summaries and links to 17 other development projects in Bali. So dig in :)
Later,
Neill
P.S. As always, feel free to comment