Goodbye Dubai | Smashing Telly - A hand picked TV channel by Lost at 5:34 pm EST, Feb 17, 2009
Short of opening a Radio Shack in an Amish town, Dubai is the world’s worst business idea, and there isn’t even any oil. Imagine proposing to build Vegas in a place where sex and drugs and rock and roll are an anathema. This is effectively the proposition that created Dubai - it was a stupid idea before the crash, and now it is dangerous.
Dubai threatens to become an instant ruin, an emblematic hybrid of the worst of both the West and the Middle-East and a dangerous totem for those who would mistakenly interpret this as the de facto product of a secular driven culture.
But if there is one problem with the shallow and the fickle, its that they are shallow and fickle, they won’t put down deep roots and they won’t remain loyal to Dubai. The people who appear in People magazine need to be told what is cool by Wallpaper magazine who in turn will discover something after the hipsters have moved on. The problem is that Dubai was never hipster-cool and is no longer Wallpaper-cool. This realization will have the same impact as suburbanite bachelorette party in a Wallpaper-cool nightclub. It will spread like the sighting of a floating turd in a public pool, flushing people to the exits with silent panic, unacknowledged for fear of embarrassment.
As people scramble for the exits in Dubai, there is no ‘key mail’, like in America, where people can often mail back their house keys and walk away from a mortgage without the immediate threat of jail. People are literally fleeing this place, to date leaving 3000 cars stranded at the airport with keys still in the ignition. And the reason for this is that if you default on your Dubai mortgage, you can end up in a debtors prison. Perhaps Dubai will at least create a new Dickens?
RE: Goodbye Dubai | Smashing Telly - A hand picked TV channel by skullaria at 4:25 pm EST, Feb 25, 2009
skullaria wrote: I hate Dubai. City can burn for all I care.
Not the first time I've heard that but what is your reason?
Tons of reasons...retirees have to leave the city, basically slavery going on in the guise of employment...US companies like Haliburton going there so they can avoid all taxation...Cheney buying a house there...really bad extradition laws...(see previous)...Sewage in the water...crazy laws..vulgarity...artificial islands...it's just gross. I hate it.