Posts Tagged ‘victorville’

Dubai: Subprime state

Written By: - Date published: 2:18 pm, December 1st, 2009 - 31 comments

Dubai is the subprime folly writ large. In the US, they built ‘exurbs’ in the Californian high desert, two hours each way from LA; rows of McMansions bought by people who couldn’t afford them whose lifestyles were dependent on cheap petrol*. In Dubai, they built skyscrapers in the desert; golf courses, swimming pools, even indoor […]

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