Feb 14, 2009

Laid-Off Foreigners Flee as Dubai Spirals Down

Even a once filthy rich city like Dubai in the middle east needs a bailout. This article from New York Times tells a bleak picture for real estate prices there too. If you want to buy a luxury car on a short sale, check out the airport there. It seems like foreigners are unloading all their vehicles at big discounts now that they are getting laid off.

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