Some of the many abandoned cars in Dubai

posterchild336

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Well alot of these people are broke now, last year news came out that Dubai is 60 billion in debt because there was such an influx in real estate building that much of the money dried up when people couldnt keep up with the pace and ran out of money for funding many of the new hotels, mansions etc...If you google Dubai and type 60 you will see how many articles come up, I also watched a program on MSNBC where they went to impound lot and was about to auction off a Ferrari Enzo and they said many cars are left when impounded because owners who leased them cannot afford to pay them off now...It was the same thing that happened in the 90s in Thailand when business and real estate was booming and they ran out of money and the Thai baht inflation rose to 1000% and it messed up the country......do some research and you will see what is going on in Dubai
 
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