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So Much for the Foreigners Saving Us - Dubai Layoffs

Started by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
Unfortunately, like its Las Vegas model, Dubai is now showing it's not immune from the worldwide economic tsunami. http://www.nypost.com/seven/12032008/business/banks_threaten_foreclosures_141889.htm The royal fami ly's Nakheel de velopment arm just laid off 500 people and stopped work on most of its projects, in cluding the Trump Dubai on the Palm Jumeriah. Competing Emirate-based developers are also laying off hundreds of people. The 24-hour dance of the tower cranes is now stopping. We ain't seen nothing yet.
Response by alanhart
over 17 years ago
Posts: 12397
Member since: Feb 2007

anagrams:
Trump Dubai -- A putrid bum
Palm Jumeriah -- Jail up hammer

But don't you really want to know what the grand dame of Chicago, Trump International, anagrams to?

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

unsold crap?

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Response by bjw2103
over 17 years ago
Posts: 6236
Member since: Jul 2007

A latent minor turnip?

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Response by gumball
over 17 years ago
Posts: 39
Member since: Aug 2008

unimportant latrine

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Response by alanhart
over 17 years ago
Posts: 12397
Member since: Feb 2007

bingo, gumball!

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Response by McHale
over 17 years ago
Posts: 399
Member since: Oct 2008

Oil at $43 dollar a barrel now......you ain't seen nothing yet...watch that magical dessert Ponzi scheme collapse!

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Response by lobo
over 17 years ago
Posts: 264
Member since: Feb 2008

I predict oil will break below $40 before the end of the year and we'll see it in the 20's by middle of next year.

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Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008

Most Arab countries need oil to be above $70 a barrel to balance their budgets. So it does not take a rocket scientist to see where they will be heading!

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

I guess they were actually right saying "we don't need to increase production" 6 months ago... when we were begging them to.

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

why even start such a stupid discussion. Who are you pointing to who believes that foreigners are "saving us"? Have you not picked up a newspaper in 6 months? Or is it that you think only you picked up a news paper in 6 months but no one else has done so?

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

> Who are you pointing to who believes that foreigners are "saving us"?

The thousands of folks in this town who claimed exactly that.

Hell, there was a link to a broker on UD.com just last month who claimed exactly that.

> Or is it that you think only you picked up a news paper in 6 months but no one else has done so?

Either they haven't, can't read, or don't want to read.

If you don't think folks are in denial, then you don't know many people

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

this is a stupid discussion, who the hell is talking about Dubai "saving" NYC real estate?

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

You've been on this board for 10 seconds, and already you're an asshole?

If you don't care about the discussion, feel free to not post.

If you are going to post, maybe you should know something about what you are talking about. In this case, you clearly don't have a clue.

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Response by lobo
over 17 years ago
Posts: 264
Member since: Feb 2008

http://www.bloomberg.com/markets/commodities/cfutures.html

oil futures are below $40 right now!
VWear, the last string that was holding up the luxury market was wall street and foreigners (Russians, ME, Europe) europe has been screwed for a while now and the oil rich in russia and ME are about to get clobbered.

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

please, were the foreigners really holding up NYC real estate? Was there really sufficient volume to hold it up? Unbelievable. Plus seriously, if it was holding it up, really, what kind of jackasses do you pedantic morons believe the rest of us are that we were all sitting in our apartments gleeful that the US and NYC economy were great right now and thankful for the assistance of these foreign buyers. Seems as if we have some unhealthy obsessions.

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

> please, were the foreigners really holding up NYC real estate? Was there really sufficient volume to
> hold it up? Unbelievable

30% of sales. Believe whatever you want, you're wrong again.

> what kind of jackasses do you pedantic morons believe the rest of us are

Exactly that kind of jackass.

> Seems as if we have some unhealthy obsessions.

Yes, we definitely know yours.

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

WHEN was it 30% of sales? WHEN? Last week? Who are you assuming has his head up his ass that makes your so wise to inform the rest of us?

And the rest of your retorts don't even make any sense.

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

> Who are you assuming has his head up his ass that makes your so wise to inform the rest of us?

I'm not assuming you have your head up your ass, I'm working off the facts.... YOU were the one who didn't believe .

> And the rest of your retorts don't even make any sense.

Apparently no data point in the last year has made sense to you, so that doesn't mean much.

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

I didn't believe what? What facts are you working off of? NO ONE is sitting here thinking that Dubai foreigners are "propping up" NYC real estate. Pick one post in the past 2 or 3 months where someone said that Dubai is "saving us."

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

So, you've been here for the last 2 or 3 months?

Under which alias?

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

btw, source... Jonathan Miller - 1/3 of new development purchases in Manhattan were foreign buyers in Jan.

Believe whatever you want, you are simply wrong.

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

many aliases

good source on January. Have you looked at the calendar?

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

> good source on January. Have you looked at the calendar?

Not sure what your point is... you would have been wrong in January, and you're still wrong now...

Are you now trying to claim your past tense was referring to 3 days ago?

Dude, face it, you were wrong...

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

I was wrong in January about what? And I'm wrong now about what?

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

Also,I'm not "dude" to you. If anything, Sir is probably appropriate, but I'll be fine with no title.

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Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

OK, schmuck.. is that better? You 'aint getting "sir" after the 3rd grader stuff you've been pulling.

For someone who doesn't care about the post and already knew it (even while getting the facts wrong), you are sure spending an AWFUL lot of time on this thread.

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Response by VWear
over 17 years ago
Posts: 111
Member since: Dec 2008

I'm pulling "3rd grader stuff?" What exactly do you know about 3rd graders?

And, answer me, what facts am I getting wrong?

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