I agree. If you are interested in long term wealth it's best not to be a speculator and trying to hit a jack pot. There are great fundamentals in Canada, although that's only overseas to overseas folks .
Quote:
Originally Posted by thebest
I'm very much skeptical about Dubai property boom. I think it is an artificial boom, there are no data available that why all of a sudden Dubai is booming. All Dubai (almost whole UAE) is built by ordinary and hardworking people from India, Pakistan, Bangladesh etc. these people were always under paid and worked hard under most demanding weather condition and built Dubai. And now when Dubai is built home prices and rent went skyrocketing high, ordinary people are unable to afford to buy or rent a place there. My question is a person who is making almost 2500 dirham’s per how can he afford to buy 2 million dollar condo in Dubai, or 3000 Dirhams 2 bedroom rental place. Why prices are as high as other developing countries has. Or maybe prices are set for wealth international buyers… not for ordinary people who really built that country.
SL
Gobesthome member
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