Caltrops - Wall Street Kid





	[quote name="Rev. Sun Myung Moon"]<a href="http://www.timesonline.co.uk/tol/news/world/middle_east/article6945283.ece">Every time I read anything about this place, my head explodes.</a> [quote]Ross, who asked not to be identified, is one of countless expatriates who have been caught out by the collapse in Dubai’s once-booming property market. Like many he bought a flat off-plan in what was a red-hot property market. Today he is trapped, his passport confiscated until he repays bank loans he used to invest in a property that may never exist. If his work dries up before he can clear his debts he will go to jail.[/quote] Holy shit! How stupid/greedy do you have to be to go into debt to buy nonexistent property in a place run by <a href="http://www.mbrfoundation.ae/General%20Images/sheikh_mohammed.jpg">this guy</a>? Can you imagine that face looking down at you, those eyes boring through your skull, <i>through your soul,</i> everywhere you turn? Here's the most amazing part, though: [quote]Without the apartment to boost the family’s income, the high cost of living forced them back to Britain. The debts became overwhelming in a city where non-payment is a criminal offence. Ross returned for some contract work but he was held on arrival at the airport by the police.[/quote] He was home-free, but then he went back, <i>willingly.</i> Who knows what goes through the mind of someone who would risk debtors' prison to save a worthless "investment?" Is it like a gambling addiction? More: <a href="http://lens.blogs.nytimes.com/2009/11/30/showcase-85/">Dubai Photo Essay</a> by Lauren Greenfield[/quote]