helped by the article though: "Many Westerners invested in Dubai’s skyrocketing real estate market, buying and reselling homes before building was even complete. "
that means to me: "westerners" came over, loaded with $$$$ (or ¤¤¤ maybe ) to spend, and hoping to find "easy life and high profile living". Maybe their dream of "high society" life would not come true in EU or USA, so why not try to live "as $Deity" in Dubai?
But dubai honors one particular $deity, who's priests have concocted something named sharia ... that will put you in jail for not paying your debt.
Sounds familiar: in the bible there's talk of enslaving people to "recover" their debts. If the sharia jail is "temporary" that may be a lesser punishment. (The slaves' children were slaves too, no? )
But if "the westerners" blew up the dubai economy, they should 've known that blown bubbles can burst. For "westerners" there have been examples, no?
The tulips' crash (17th century), (skip..) the russian revolution (not really a "crash" but nationalising foreign-held railways ), the 1928 crash at WS, more recently: the dotcom bubble crash, the "last big crash" (didn't it "start" in the westerners' home world somewhere?)
And after being protected from lenders who were afraid to be put in jail, they are now fleeing to escape "payback time" ?
Well, the article said "Many Westerners invested", not "Many Westerners worked their butt off". At least a part of them have been "gold diggers" (working hard), but the abandoned cars seem to indicate that some were just "coming for the easy ride"
So these gamblers lost their bonus? |
