Saturday, 12 December 2009

Real Estate Gets Sick But It Doesn’t Die


Many of you out there will recognize this saying so beloved of those in the GCC.

But two things that aren't are covered in the saying are:
  1. How severe the illness can be.
  2. How long the convalescence is.
Much has been written about the follies of the "locals" in the GCC with their real estate investments so much that AA has been thinking about enlisting "The Donald" as another of the experts from the West who might come to help put things right. He's got quite a track record especially with his gaming properties – which in true fashion he's bet the house on a couple of times, lost, then won. Sadly, each time his stack of chips seems to get smaller.

Here's a link to some other stories detailing how one can make a small fortune in the real estate business. As another old saying goes, the first step for many is to start with a large fortune. Link here.

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