All Topics / Opinionated! / Optimism in property investment remains

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  • Profile photo of FreckleFreckle
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    @freckle
    Join Date: 2012
    Post Count: 1,680
    October 7, 2012 - 1:45 am

    Jac's when did I not endorse PI per se. 

    I'm so misunderstood.. ;-)

    20 years from now you'll be kicking yourself for not listening to Uncle Freckle.

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
    Join Date: 2012
    Post Count: 711
    October 7, 2012 - 3:00 am
    JacM wrote:
    Gasp!  My dear Freckle, are you endorsing property investment? (in East TImor?)

    Fell off my chair, never thought I’d see the day! Haha

    Profile photo of mattstamattsta
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    @mattsta
    Join Date: 2011
    Post Count: 604
    October 12, 2012 - 7:31 pm

    Wow! I never thought about East Tumor. Are you for real? Is it worth looking into East Timor?

    Profile photo of FreckleFreckle
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    @freckle
    Join Date: 2012
    Post Count: 1,680
    October 14, 2012 - 3:21 am

    ET is an impoverished country with less than 200k people. It's at the bottom and after years of turmoil it's starting to settle into its new identity. The only way left for ET is up. At the moment Dili is a western city extension come hub for economic development. Currency is USD and living costs are comparable to AU. Govt has recently anounced a $1B infrastructure spend in a growth plan designed to bring ET into the 21st century.

    The opportunities there are obvious although I believe long term. Its been touted as possibly the next Bali in that region. ET has huge potential for tourism alongside its natural gas/oil assets.

    I can't think of anything that offers upside potential like ET does. 

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