State of the Economy

[crazymazy1980]

Originally Posted by boogiedownberlin

I wouldnt say that you should be embarrassed about it because after all its not you who made these racist laws. However something that I do notice out here is that Europeans/Americans tend to hang out amongst themselves and many do think that they are better than the Indians/Pakistanis/Filipinos etc. At least thats the feeling i get when i see them in shopping malls.

Maybe I've been sheltered from this so far but in the group of people I hang about with there are plenty of nationalities. It's who you choose to be around. Last time we were all out there were people from (in no particular order):

UK, US, Malaysia, Kenya, Seychelles (she's is strange though), Phillipines, India, Sri Lanka, Iraq, Australia...apologies to those I've missed out.

We even had people from the poorer parts of the world like Hull

Why come to a place like this and hide away from all this wonderful diversity? What makes me laugh is when I here expats tell me they've moved away from the UK because of all the 'immigrants' taking all the jobs and then get offended when I tell them that's exactly what they are

[Elphaba]

The rules regarding sharing have been law for a long time and there were announcements about cracking down about two years ago. There are ongoing radio campaigns about it too.

Someone mentioned about the UK pension system collapsing. A little knowledge is a dangerous thing. I guess they were referring to investments, whereas the fact is that for anyone who is an indivudual scheme and far from retiring, this is no bad thing. Anyone close to retiring should have been appropriately invested.

Property, as an investment, is just another asset class. Anyone who thinks different is just deluding themselves. Property values have always fallen and risen. If you have been around a while, or read some economic history, that would be quite clear.

And for the record I said that UAE rulers would prop up the economy, not bail everyone out. Quite different things. The rulers do not accept normal market forces and appearance is all. Hang around a bit longer and you'll understand.


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[grandesigner]

Originally Posted by Elphaba

The rules regarding sharing have been law for a long time and there were announcements about cracking down about two years ago. There are ongoing radio campaigns about it too.

Someone mentioned about the UK pension system collapsing. A little knowledge is a dangerous thing. I guess they were referring to investments, whereas the fact is that for anyone who is an indivudual scheme and far from retiring, this is no bad thing. Anyone close to retiring should have been appropriately invested.

Property, as an investment, is just another asset class. Anyone who thinks different is just deluding themselves. Property values have always fallen and risen. If you have been around a while, or read some economic history, that would be quite clear.

And for the record I said that UAE rulers would prop up the economy, not bail everyone out. Quite different things. The rulers do not accept normal market forces and appearance is all. Hang around a bit longer and you'll understand.


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Well, i wasnt particularly referring to the UK,as I havent lived there for nearly a decade. But in terms of hanging around, I intend to. Occasionally I actually like my pessimism being proved wrong

[Andy Capp]

There's no reason for rents to go down as demand still way outstrips supply. There's more people coming in here than leaving so you wont get a reduction, that and the greedy ******s who are renting their proprties out, aren't worried about dropping the price, for every villa?apartment up for lease, there's 10+ calls for it - source 3 leasing agents who specialise in JBR and Marina. Fact.

[Maz25]

Originally Posted by crazymazy1980

... Seychelles (she's is strange though),

Strange? Moi? Mais au contraire! I am very much normal - in a strange way!!

You must like strange people cause I still receive invites!! Thank God for the strange people in the world, else you would have no friends!

[boogiedownberlin]

Originally Posted by crazymazy1980

Last time we were all out there were people from (in no particular order):

UK, US, Malaysia, Kenya, Seychelles (she's is strange though), Phillipines, India, Sri Lanka, Iraq, Australia...apologies to those I've missed out.

We even had people from the poorer parts of the world like Hull

\:

this doesnt count though because you got to know each other thru this forum and connected somehow :P

so Maz is strange huh ?

[crazymazy1980]

Originally Posted by boogiedownberlin

so Maz is strange huh ?

Mais oui Monsieur bien sur!!! Elle est tres strange!!!

I haven't met all the people I know through the forum either. People from work are generally Sri Lankan and Indian. Landlady's friend's are generally Kenyan...

...there is only one race, the human race!!

[Maz25]

Originally Posted by crazymazy1980

Mais oui Monsieur bien sur!!! Elle est tres strange!!!

I haven't met all the people I know through the forum either. People from work are generally Sri Lankan and Indian. Landlady's friend's are generally Kenyan...

...there is only one race, the human race!!

Are you trying to impress me with your french!

I do agree with you there (not the part about me being strange though!). I think we all need to be very tolerant and appreciative of other cultures; I've met so many great people here from all over the world and for those who choose to mix only with their fellow countrymen, well - their loss! We have someone from every continent at work (except America) and we all get on brilliantly and for some reason, I feel that Dubai tends to bring out the best (and sometimes the worst - yep, crazymazy, I am referring to your drinking habits ) in people!!!

[crazymazy1980]

Originally Posted by Maz25

I do agree with you there - part about me being strange of course.

Glad you agree

Originally Posted by Maz25

We have someone from every continent at work (except America)

How come you've never introduced me to the person you have from Antarctica, they must find this weather very difficult to adjust to.

[Pasanada]

Originally Posted by crazymazy1980

...there is only one race, the human race!!

Bravo, Crazy!!! Best one liner I've ever heard!