Dubai

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Mike Manson

Mike Manson

Still Livin'
#1
Apr 16, 2005
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#1
Looks like they fucked up...

All that shit they build like Palm Island or The World is gonna disappear again.

Dumb shit.

Dubai is like one of these Rappers that gets a deal, throws around money, you see him rollin in a Bentley with bitches and diamonds and shit, and one year later he at the bottom without shit...
 
ColdBlooded

ColdBlooded

Sicc OG
#2
Apr 25, 2002
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#2
They got a bail out from Abu Dhabi though.

Course you aren't going to be able to sell islands like that with the type of global real estate situation we're in right now. They started building during the peak and aren't even fully finished after the bubble burst.

They needed to do something though. They don't have the kinda oil revenue that other UAE emirates do. At the time they had quite the idea.
 
Mike Manson

Mike Manson

Still Livin'
#13
Apr 16, 2005
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#13
Yeah, my father used to work for a big construction company and they had a project in Dubai and his boss told him, that the Arabs said, that if he would pay the workers more than the minimum, they would kick him out and the company would never get any new contracts.
 
MEXCOM

MEXCOM

Sicc OG
#14
Feb 9, 2003
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#14
Mike Manson said:
Dubai is like one of these Rappers that gets a deal, throws around money, you see him rollin in a Bentley with bitches and diamonds and shit, and one year later he at the bottom without shit...
Click to expand...
There's a hint of irony being that you live in China. Of course their economy hasn't collapsed yet and you'll likely use that as proof that I don't know what I'm talking about. But give it another decade.
 
Mike Manson

Mike Manson

Still Livin'
#15
Apr 16, 2005
9,015
19,439
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#15
MEXCOM said:
There's a hint of irony being that you live in China. Of course their economy hasn't collapsed yet and you'll likely use that as proof that I don't know what I'm talking about. But give it another decade.
Click to expand...
I thought about this as well, but China is different. The Chinese Goverment protects the economy pretty well.

The real estate business here is also not that likely to collapse, as you have to pay 30% up front when buying an apartment. People also don't buy shit on credit...
 
Skizzy Ske

Skizzy Ske

Sicc OG
#17
May 24, 2006
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www.fucku.com
#17
MEXCOM

MEXCOM

Sicc OG
#18
Feb 9, 2003
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#18
Mike Manson said:
I thought about this as well, but China is different. The Chinese Goverment protects the economy pretty well.

The real estate business here is also not that likely to collapse, as you have to pay 30% up front when buying an apartment. People also don't buy shit on credit...
Click to expand...
According to independent financial analysts China's government might be cooking their books to make the country seem more stable than it really is. Who knows. Because if their economy crumbles they're taking a huge portion of the world down with them.
 
MEXCOM

MEXCOM

Sicc OG
#20
Feb 9, 2003
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#20
Skizzy Ske said:
YEP. Really fucked up shit goin on in Dubai.

Read this, it's REALLY long but if u got the time and intrested, it gives u a whole different outlook on Dubai.

http://www.huffingtonpost.com/johann-hari/the-dark-side-of-dubai_b_183851.html
Click to expand...
Slave labor creates economies. And it's pretty much the norm. I don't think there is even ONE example of the opposite happening.

Same thing happens in China, Mexico, India, and Russia. Pretty much any 2nd/3rd world nation trying to modernize.
 
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