Thursday, February 5, 2009

inevitable Dubai fail

Dubai, the epitome of the ridiculous real estate boom, has entered it's inevitable massive fail mode.

It is going to make the South Florida condo market look like the investment of the century.

To avoid jail time (and severed hands, this is the UAE we're talking about after all, like Saudi a land of oil princes and extremist Islamic governments) foreigners are abandoning their luxury condos, manmade islands, maybachs, and G-classes to flee home.

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