Quote:
Originally Posted by FrancoRey
^ Why do you think so many keep getting stopped? There's money, but not necessarily demand. Once they realize how bad of an investment a giant tower is that will flood the real estate market with thousands of square meters of space, killing prices, they may tread lightly. Unless they are more like Chinese, or Burj Khalifa in which case they don't care.  |
Does anyone else feel like the next big economic bubble will be all of this investment in developing countries?
Is this a result of too much central planning?
Does ego of Middle-Eastern rulers play a role?
Is this partly a result of a need to prove a given civilization is equal to the West?
Do you think a lot of these domestic elements in the Middle-East and elsewhere are being taken advantage of by Western insurers, bankers, investers, etc?
An interesting article about brand-new Chinese ghost towns:
http://www.dailymail.co.uk/news/arti...ely-empty.html
I wish the best for the developing world, but this doesn't look good.