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Sordid reality behind Dubai's gilded facade

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Comments

  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    I kept warning 'investors' on 2 property forums they were making a big mistake but all I got was abuse for my pains.
    Again and again in 05/06 I argued it was a giant herd bandwaggon based on goldrush mentality, whith surely too few tennants to fill all those glass towers.

    A typical repsonse I got was; 'why you come here to spoil a party, if you not interested to invest then kindly leave as you offer nothing'

    they just refused to hear any critiscism.
  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    Conrad wrote: »
    I kept warning 'investors' on 2 property forums they were making a big mistake but all I got was abuse for my pains.
    Again and again in 05/06 I argued it was a giant herd bandwaggon based on goldrush mentality, whith surely too few tennants to fill all those glass towers.

    A typical repsonse I got was; 'why you come here to spoil a party, if you not interested to invest then kindly leave as you offer nothing'

    they just refused to hear any critiscism.

    A bit like many of the bulls on this forum then :D. In fact they'd be really at home out there - plenty of sand to bury their heads in. :rotfl:

    Rob
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mewbie wrote: »
    From the article...
    "house prices are down by as much as 50% and are predicted to fall by another 20%"

    Hmm. Still laughing at the 70% club over here? s.

    Yup :rotfl:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Conrad wrote: »
    I kept warning 'investors' on 2 property forums they were making a big mistake but all I got was abuse for my pains.
    Again and again in 05/06 I argued it was a giant herd bandwaggon based on goldrush mentality, whith surely too few tennants to fill all those glass towers.

    A typical repsonse I got was; 'why you come here to spoil a party, if you not interested to invest then kindly leave as you offer nothing'

    they just refused to hear any critiscism.

    It was similar in Ireland a few years ago.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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