Does Dubai Show U.S.'s Real Estate Risk?

[stuartdrossner]

It was a matter of time< everyone knew this was coming.

[thomasucc]

What I cant understand is why the Arabs are even talking about default. Ireland (my country) and Iceland didnt even contemplate default. We the Irish taxpayers are forced to pay for companies that fail to the tune of 77 Billion euros or about 100 billion dollars in a country of only 4 million people. Are we been told the truth about how much they really owe and why are the Dubais taxpayers not on the hook as the Icelandic and Irelandic people are?

[artiriti]

@thomasucc

Dubai naitives do not pay tax!!!

I'm pretty sure of that!

[jimzazz]

The only reason it catches anyone by surprise is that it takes so long for the hammer to fall. It should have (Dubai, and US for that matter) dropped a while ago, and since it takes so long for the bubble to burst people eventually think it will just keep going - even if it is counterintuitive

[Avigadro]

With all due respect, the Dubai 'crisis' was being talked about almost a year ago! Furthermore, the US has had a massive glut of commercial real estate for a very long time.

None of this is new news and it seems to me that by time these kind of stories get to the mainstream press, it has already been known for almost a year.

Nobody should be suprised by any of this. The writing was on the wall a long time ago. People need to do their own research to stay ahead of the curve.

[BringBackCapitalism]

This is exactly right! Thanks for the truth. I deal with so many people in commercial real estate who refuse to beleive the truth.