Dubai Meltdown

Bimmer Nerd · 12-01-2009, 06:56 PM

Quote:

This should be interesting. Dubai is seriously overbuilt, overlevered and out of fashion.

joem- e46 fanatics

http://business.timesonline.co.uk/to...cle6934261.ece

MCMLXXXIX · 12-01-2009, 07:01 PM

link dont work

out of fashion?...hardly

Kroy · 12-01-2009, 07:03 PM

link doesn't work, but i just read up a little on Dubai... interesting..

Bimmer Nerd · 12-01-2009, 07:08 PM

sorry, link fixed

Kroy · 12-01-2009, 07:15 PM

Are they $60 bill or $80 bill in the hole?

FStop7 · 12-01-2009, 07:25 PM

Quote:

Originally Posted by MCMLXXXIX

link dont work

out of fashion?...hardly

totally out of fashion, the place is a parody of itself

Tondtar · 12-01-2009, 07:29 PM

Is it any wonder?

lauer87 · 12-01-2009, 09:54 PM

I love how the development company is owned by the government, yet the government now all of a sudden says that it WONT guarantee and stand behind the loans. Didn't they learn anything from the whole Lehman Bros. collapse?

Feyd · 12-01-2009, 10:22 PM

80 billion... hahah.

ain't got nothin on us... hell I think my state is in the hole more than that.

gonzo · 12-02-2009, 08:11 AM

I saw this coming years ago. And I am not that smart.

Mk23 · 12-02-2009, 02:02 PM

Quote:

Originally Posted by gonzo

I saw this coming years ago. And I am not that smart.

+1 but I'm smart.

gonzo · 12-02-2009, 02:28 PM

I am smart enough to not classify myself as such.

Maestro · 12-02-2009, 03:48 PM

who wants to vacation or live at place where laws prohibit you form drinking or having sex on the beach... Hell one British couple spent time in jail for public drunkenness \

If you going to spend that kind of money you should be allow to do pretty much what you want.

http://www.thesun.co.uk/sol/homepage...cle1398204.ece
http://www.foxnews.com/story/0,2933,415203,00.html
http://latimesblogs.latimes.com/baby...sex-on-be.html

People are stupid, I not sure what they would go to a place like this and subject themselves to religious laws like this. It is like going to Singapore and spitting on the street only to get you ass whipped with a cane.

This is the best one

http://www.cbc.ca/consumer/story/200...woman-uae.html

so what is women worth, about $5,300 US.

Kiemyster · 12-02-2009, 10:47 PM

Quote:

Originally Posted by gonzo

I saw this coming years ago. And I am not that smart.

its safe to say most of us did wen we saw it on discovery channel lol

rodi · 12-02-2009, 11:12 PM

a land with an overabundance of sun, and not one solar panel in the area.

vioaltec · 12-18-2009, 01:23 AM

Dubai will never go bankrupt anytime soon.......................know why? 2 words, Abu Dhabi

M3 vert · 12-19-2009, 02:44 AM

Quote:

Originally Posted by vioaltec

Dubai will never go bankrupt anytime soon.......................know why? 2 words, Abu Dhabi

Exactly!

M3 vert · 12-19-2009, 02:48 AM

Quote:

Originally Posted by Maestro

who wants to vacation or live at place where laws prohibit you form drinking or having sex on the beach... Hell one British couple spent time in jail for public drunkenness \

If you going to spend that kind of money you should be allow to do pretty much what you want.
http://www.thesun.co.uk/sol/homepage...cle1398204.ece
http://www.foxnews.com/story/0,2933,415203,00.html
http://latimesblogs.latimes.com/baby...sex-on-be.html

People are stupid, I not sure what they would go to a place like this and subject themselves to religious laws like this. It is like going to Singapore and spitting on the street only to get you ass whipped with a cane.

This is the best one

http://www.cbc.ca/consumer/story/200...woman-uae.html

so what is women worth, about $5,300 US.

There is an old saying:

"If you don't like the laws, customs and ways in rome, then get the hell out and go to Paris."

Eazy-e · 12-20-2009, 04:59 AM

Quote:

Originally Posted by rodi

a land with an overabundance of sun, and not one solar panel in the area.

smellfish · 12-20-2009, 10:05 AM

They were banking on the world's insane demand for oil. They should have known it would reach a point where we couldn't afford that demand.

742 · 12-20-2009, 10:10 AM

Quote:

Originally Posted by smellfish

They were banking on the world's insane demand for oil. They should have known it would reach a point where we couldn't afford that demand.

Dubai has very little oil.

MCMLXXXIX · 12-20-2009, 11:19 AM

Quote:

Originally Posted by 742

Dubai has very little oil.

yea, they dont depend on their oil for income

12-01-2009, 07:01 PM	#2
MCMLXXXIX wat 240 Rep 3,406 Posts Drives: a gr3at whit3 5hark Join Date: Oct 2008 Location: Oct 2008 iTrader: (0)	link dont work out of fashion?...hardly
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12-01-2009, 07:03 PM	#3
Kroy Brigadier General 177 Rep 3,032 Posts Drives: E90 Join Date: Jul 2009 Location: Los Angeles, CA iTrader: (1)	link doesn't work, but i just read up a little on Dubai... interesting..
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12-01-2009, 07:08 PM	#4
Bimmer Nerd Major General 525 Rep 7,783 Posts Drives: 6MT F80 Join Date: Jun 2008 Location: Santa Monica, CA iTrader: (12)	sorry, link fixed
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12-01-2009, 07:15 PM	#5
Kroy Brigadier General 177 Rep 3,032 Posts Drives: E90 Join Date: Jul 2009 Location: Los Angeles, CA iTrader: (1)	Are they $60 bill or $80 bill in the hole?
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12-01-2009, 07:29 PM	#7
Tondtar 12 yr old Juvie 1137 Rep 881 Posts Drives: His Mom Crazy Join Date: Apr 2008 Location: El Lay iTrader: (2) Garage List 2008 (RIP in 2011) ... [0.00]	Is it any wonder?
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12-01-2009, 09:54 PM	#8
lauer87 Lieutenant 8 Rep 586 Posts Drives: 335xi Join Date: Sep 2007 Location: USA iTrader: (0)	I love how the development company is owned by the government, yet the government now all of a sudden says that it WONT guarantee and stand behind the loans. Didn't they learn anything from the whole Lehman Bros. collapse?
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12-01-2009, 10:22 PM	#9
Feyd Major 366 Rep 1,288 Posts Drives: a DEEZZULL Join Date: Aug 2007 Location: Chicago, IL iTrader: (2)	80 billion... hahah. ain't got nothin on us... hell I think my state is in the hole more than that.
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12-02-2009, 08:11 AM	#10
gonzo Lieutenant General 10318 Rep 14,445 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	I saw this coming years ago. And I am not that smart. __________________ Crazy Diamond
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12-02-2009, 02:28 PM	#12
gonzo Lieutenant General 10318 Rep 14,445 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	I am smart enough to not classify myself as such. __________________ Crazy Diamond Last edited by gonzo; 12-02-2009 at 04:17 PM..
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12-02-2009, 03:48 PM	#13
Maestro Major 1060 Rep 1,268 Posts Drives: 2007 335i Sedan, 2021 X3 Join Date: Nov 2006 Location: Philadelphia iTrader: (0)	who wants to vacation or live at place where laws prohibit you form drinking or having sex on the beach... Hell one British couple spent time in jail for public drunkenness \ If you going to spend that kind of money you should be allow to do pretty much what you want. http://www.thesun.co.uk/sol/homepage...cle1398204.ece http://www.foxnews.com/story/0,2933,415203,00.html http://latimesblogs.latimes.com/baby...sex-on-be.html People are stupid, I not sure what they would go to a place like this and subject themselves to religious laws like this. It is like going to Singapore and spitting on the street only to get you ass whipped with a cane. This is the best one http://www.cbc.ca/consumer/story/200...woman-uae.html so what is women worth, about $5,300 US.
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12-02-2009, 11:12 PM	#15
rodi . . . 188 Rep 2,391 Posts Drives: your FACE! Join Date: Oct 2008 Location: Atlanta proper iTrader: (-1)	a land with an overabundance of sun, and not one solar panel in the area. __________________ 2009 135i \| space grey \| sport \| navi \| hifi \| heated dinan stage 2 software \| bmw performance exhaust kw v2 \| hotchkis front sway \| vmr v710
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12-18-2009, 01:23 AM	#16
vioaltec Sasha Fierce 53 Rep 231 Posts Drives: 2009 bmw 3 series coupe Join Date: Nov 2008 Location: East Bay iTrader: (0)	Dubai will never go bankrupt anytime soon.......................know why? 2 words, Abu Dhabi __________________ Vivre, Aimer et Voler Last edited by vioaltec; 12-18-2009 at 01:42 AM..
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12-20-2009, 10:05 AM	#20
smellfish No one on the corner has stagger like us 55 Rep 342 Posts Drives: '11 AW E90 Join Date: Dec 2008 Location: COS iTrader: (2)	They were banking on the world's insane demand for oil. They should have known it would reach a point where we couldn't afford that demand. __________________
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