Monday, February 16, 2009

Dubai Starts To Crumble

I love playing the game Jenga. In it players try to remove as many blocks from a stack as possible and then place them on top making the tower higher and higher. The game ends when someone pulls one too many blocks from the tower and it falls.

Well I have long thought Dubai was a big-money version of that game. The fantastic architecture and obscene lifestyles of its residents always made me nervous. I wondered when someone would pull the last block out and the whole thing would come crashing to the ground.

Cover your head, because it looks like the blocks are falling.

People from all over the world who flocked to Dubai to live the high-life are fleeing the emerate and headed home. According to a report in the TimesOnline, more than 3000 cars have been abandonded at the Dubai airport, many with keys in the ignitions. Mostly big SUV's and a few Mercedes were abandonded by foreigners buried in debt on their lavish new homes. The value of those has plumeted in recent days and the once-booming economy slowed to a snail's pace.

According to the report, Christmas was the worst day. Over a dozen abandonded cars in the parking lot of the airport that day!

Bubye Dubai!

No comments: