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11-26-2009, 10:23 PM
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#26 | | YOU CANT CUT BACK ON FUNDING! YOU WILL REGRET THIS
Join Date: Feb 2009 Location: FL400
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TIME TO BID ON THOSE REPO'd LAMBOS
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Where the hell am I
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11-26-2009, 10:33 PM
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#27 | | I subscribe to the Revscene NWS thread(s)
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and Vancouver isn't in trouble too?
we are pretty much screwed too. how are we going to pay for the olympics? what are we going to do with the rising house prices?
__________________ Quote:
Originally Posted by boss_clad  why you hating on the boss, anyways? | | |
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11-26-2009, 10:42 PM
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#28 | | Banned (ABWS)
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Originally Posted by ZhangFei and Vancouver isn't in trouble too?
we are pretty much screwed too. how are we going to pay for the olympics? what are we going to do with the rising house prices? | We'll leave your momma on a corner of East Hastings and come back the next morning?
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11-26-2009, 10:56 PM
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#29 | | WOAH! i think Vtec just kicked in!
Join Date: Feb 2005 Location: Bowen Island
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Originally Posted by StylinRed welcome to a couple years ago | No, now its even worse - my friend who lives there told me property has dropped nearly 40% in value!
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11-26-2009, 10:58 PM
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#30 | | WOAH! i think Vtec just kicked in!
Join Date: Feb 2005 Location: Bowen Island
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Originally Posted by dinamix Dubai will never go down..too much fuckin oil money there..the greedy sheiks just dont want to fork out their own cash...theyre just waiting to get baildout from abu dhabi.. | Actually Dubai itself is relatively poor - Abu Dhabi is the rich emirate with oil (hence the repeated low interest bail out loans this year)
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11-26-2009, 11:13 PM
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#31 | | Ask me about how I answered the question "How fat is TOO fat?"
Join Date: Apr 2005 Location: Vancouver
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I wonder how many people actually live in Dubai on a day-to-day basis like any other regular city. It seems like its only a city for the rich to get away to once in a while; no middle class that truly powers the city. Any thoughts?
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I'm so stance my roof rack got a roof rack
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e92 335i 6MT RB Twos Turbos FBO
e90 330i 6MT
Former
e46 330ci 5MT - RIP
uc1 5AT
em2 5MT
db7 5AT - RIP Quote:
Originally Posted by toyota86 the guys over at lambo vancouver said there are 60-70 pre-orders already. don't quote me though. | | |
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11-26-2009, 11:57 PM
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#32 | | I contribute to threads in the offtopic forum
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Originally Posted by achiam Actually Dubai itself is relatively poor - Abu Dhabi is the rich emirate with oil (hence the repeated low interest bail out loans this year) | doesnt dubai have the most profitable port in the world?
its where 90% of the worlds oil has to pass through
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:lol
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11-27-2009, 08:41 AM
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#33 | | My homepage has been set to RS
Join Date: Dec 2004 Location: Edmonton, AB
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Originally Posted by dinamix Dubai will never go down..too much fuckin oil money there..the greedy sheiks just dont want to fork out their own cash...theyre just waiting to get baildout from abu dhabi.. | You do realize that Dubai has the least oil of those in the UAE, right? The whole point of Dubai was to create something that would last and bring prosperity after the oil was gone.
__________________ Quote: Originally posted by CRS
I would make a comment in regards to your intelligence but I don't think that you would appreciate the full mockery of that comment.
In other words..
I would love to insult you but you wouldn't understand. | | |
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11-27-2009, 09:05 AM
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#34 | | I only answer to my username, my real name is Irrelevant!
Join Date: Oct 2002 Location: CELICAland
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US shares slide over Dubai fears
US shares have opened lower on worries about Dubai's debt problems, with the Dow Jones index down 126 points, or 1.2%, at 10,338.49.
It was the first chance for markets in the US to react to news that state-owned Dubai World had asked for more time to repay its debts.
US markets were closed for a holiday on Thursday when other world markets suffered steep losses.
However, the main European markets recovered from earlier falls.
The main share indexes in the UK, France and Germany had all fallen by more than 3% on Thursday. But after falling further in early trade on Friday, the UK's FTSE 100 closed up 1%, and both Germany's Dax index and France's Cac 40 were up more than 1%.
Earlier in Asia, Japan's Nikkei index had closed down 3.2% and the Hong Kong Hang Seng ended 4.8% lower.
| http://news.bbc.co.uk/2/hi/health/8383471.stm Quote:
Originally Posted by achiam No, now its even worse - my friend who lives there told me property has dropped nearly 40% in value! | yeah it was like that a year ago, problem has been coming for awhile and most ppl ignored the obvious signs
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11-27-2009, 10:08 AM
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#35 | | Banned (ABWS)?
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So are they going to nuke their palm tree islands?
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11-27-2009, 10:11 AM
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#36 | | My homepage has been set to RS
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Originally Posted by The_AK I wonder how many people actually live in Dubai on a day-to-day basis like any other regular city. It seems like its only a city for the rich to get away to once in a while; no middle class that truly powers the city. Any thoughts? | The population of Dubai is very small.
About 15% to 20% of the population are actual Emiratis, with most of the
Ex-Pats being transient Construction Workers (the majority of which are Indian and Pakistani).
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11-27-2009, 12:54 PM
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#37 | | Banned By Establishment
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as someone said on another site.
"hahaha eat shit you phallus building fucks"
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11-27-2009, 01:01 PM
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#38 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
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wait till Oil reaches $140 again. the a-rabs will be laughing...
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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11-27-2009, 01:11 PM
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#39 | | Banned (ABWS)
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Originally Posted by ZhangFei and Vancouver isn't in trouble too?
we are pretty much screwed too. how are we going to pay for the olympics? what are we going to do with the rising house prices? | how? we have about 2 million tourist coming here.
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11-27-2009, 02:54 PM
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#40 | | I answer every Emotion with an emoticon
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Dubai has been expanding on minimal capital & A SHIT LOAD of debt. This kind of capital structure will inevitably tumble in times of recession. I'm sure most ppl see it coming.
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Ignorance is bliss
How I wish I can remain ignorant, why do I know so much?
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11-27-2009, 04:09 PM
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#41 | | YOU CANT CUT BACK ON FUNDING! YOU WILL REGRET THIS
Join Date: Feb 2009 Location: FL400
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Dubai operated on a virtual economy... everything was credit on top of credit on top of credit. It works when everybody can see a bright future, but once there's a hint of speculation - YOU ARE FUCKED MY FRIEND
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