• Monday, December 17, 2018

A ghost town called Dubai is in the making at a frantic speed!

Discussion in 'Middle East & Africa' started by Windjammer, Jun 26, 2018.

  1. Rusty

    Rusty SENIOR MEMBER

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    How about Japan?
     
  2. Tokhme khar

    Tokhme khar FULL MEMBER

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    Very bad here bro.......Japan is in a perpetual recession. It will never end.

    Only some areas in Tokyo Osaka and Yokohama booming, but the rest of the country....shit, we are losing 300,000 citizens per year and there is a total population implosion. Coupled with the Japanese xenophobia, here property market is dead in the water.

    Many small Japanese town many houses empty as the kids move to bigger cities, the parents die off or move to nursing homes and the houses lie vacant.

    There are 8 million empty homes in Japan! Just imagine......lol In rural Japan, you can buy a small house for $50.........but no one wants to as the small town only has old people and half the houses are empty!

    Japan has some serious population decline issues now. Not enough people and they won't allow foreigners to come here.

     
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  3. Michael Corleone

    Michael Corleone SENIOR MEMBER

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    dont buy property in dubai as investment... should be bought only for living....
    i remember the prices properties were sold in dubai after the economic depression of 2008... if my dad used the money he used for buying an appartment in bangladesh... he could have atleast 10 houses...
    now the prices are in a bubble again waiting to burst one by one
     
  4. Sinnerman108

    Sinnerman108 SENIOR MEMBER

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    Very sad,
    how could the Japanese not foresee this and plan accordingly ?
     
  5. Fledgingwings

    Fledgingwings SENIOR MEMBER

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    Who would spend most of his money buying property in a desert? Only money launderers, theifs and master criminals.Dubai was a forced heaven upon the face of mother nature every thing was brought here which never was meant to happen or take place in desert at the first place so after all that forces hype,whatever goes up,must come down.
     
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  6. Maarkhoor

    Maarkhoor ELITE MEMBER

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    The introduce VAT....Tourist stop coming and that is why hotels are being shutdown....Who will come to Dubai for business when you have to pay extra 5% along with 5% duty?
     
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  7. Nilgiri

    Nilgiri ELITE MEMBER

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    Well said buddy.

    Blind aping makes empty zoos in the end.
     
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  8. Cybernetics

    Cybernetics FULL MEMBER

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    Japan got economically harvested through the plaza accord(creating a bubble) and other measures.

    I think Japan is looking at a longer term demographic correction, currently they are just riding out the elderly cohort.
    Im curious to learn about an alternative to interest based system, got any ideas?

    Interest based is popular since it provides incentives for the lender(any one with savings is a lender directly and indirectly) to lend money. Interest rates through a market mechanism also provides a relatively accurate insight into the risk profile of borrower. It provides liquidity for the system and evaluates risk.

    Not all borrowers can pay back the entire loan. Interest system essentially empowers those good with money and those who provide capital with fertile ground. Those good with money will get more of it while those bad with money will find it harder to acquire money.
     
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  9. Clutch

    Clutch SENIOR MEMBER

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    Dubai is a city built by con-men for con-men!

    Its literally castles built on sand by slaves... No human rights, no freedom, fake mafia hideout.b

    The sooner it burns down, the better.
     
    Last edited: Jun 27, 2018
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  10. Tokhme khar

    Tokhme khar FULL MEMBER

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    We as muslims cannot accept this interest and usury culture. Many people accuse us muslims of copycatting the western model in banking. However this is false news because usury from where interest banking/ finance are derived is illegal in our culture!

    Eslamic banking is the answer! You find me one Eslamic bank that has gone under. Not in Iran, and it will never happen, because greed is un-eslamic to begin with. You can't from the get go be conditioned to abuse the poor!

     
  11. Communist Indian

    Communist Indian BANNED

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    right time to invest in real estate.

    @Saif al-Arab how Saudi real estate market is doing now days ? Any news on mega city you guys are building ?
     
  12. T-Rex

    T-Rex ELITE MEMBER

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    I say nuke this kingdom of whores and charlatans!
     
  13. AZADPAKISTAN2009

    AZADPAKISTAN2009 ELITE MEMBER

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    Pakistan can integrate UAE as a Province :P if they are in crisis to help them out
     
  14. padamchen

    padamchen SENIOR MEMBER

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    Sounds like Parsis on a nation wide scale.

    Cheers, Doc
     
  15. pak-marine

    pak-marine ELITE MEMBER

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    No source to the thread !!