Millie’s Montage

November 9, 2008

Hoorah!

Filed under: Uncategorized — by smiddlebrook @ 10:50 am

November 9, 2008

Dubai, UAE

 

Peter and I just looked at some villas and apartments here in Dubai and have decided that the world has gone mad.  In Dubai, foreigners can only own land in designated housing developments but unfortunately, over 80% of the population in Dubai are foreigners, and therefore, as one might expect, there is a huge shortage of properties.  The prices have gone up 40% year on year for the past 10 years and as a result, these rather basic 3 bedroom stone slabs in the desert are still selling for over $1 million.  The workmanship is generally shoddy and the rooms are relatively tiny.  All of this worked when people were buying properties for 5% down payments or even zero percent down in some cases.  But world markets have crashed and burned, banks are now looking for 30 to 40% down payments.  As you can imagine, the prices have begun to fall but not nearly enough to even consider buying here, given the value for money they are not.  And having seen what the market is offering, we are not sure anymore than we would want to sink that amount of money into such a hole in the wall. It just doesn’t seem worth it.

 

It’s been a week of great news.  First we had the exciting USA Presidential elections.  After 8 grueling years of Bush, the country has been yearning for change.  Due to the time difference in Dubai, I set my alarm for 4 am last Wed. (Nov. 5) to watch the news coverage of this momentous occasion and thankfully, the results did not disappoint.  After a year of waiting and praying for a miracle, Obama was finally elected to be President.  I was ecstatic with the news.  To me, Obama is a leader and someone who shares my values of humanity, equality, peace.  I spent 2 days basking in the news coverage and for the first time in many years, felt hopeful about the future of my country.  Sadly, he was elected at the most difficult historical period possible.  The USA has two on-going wars and a collapsed economy which has yet to show it full effects, and this will drag well into 2010.  I fear that the country will blame him for the chaos as memories are short, even though the seeds of this crisis had been sowed many years before.  Despite this, I believe that he will do everything possible to turn things around.  He will make mistakes but he will fight for the common man and for peace. 

 

The other amazing news that we had was Melanie’s engagement to Darin.  It seems that a spring wedding is in motion.  Congratulations to both!

 

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2 Comments »

  1. What an amazing night when Obama was elected! It was such a moving experience. I am so psyched to finally have a leader I’m not ashamed of. Let’s hope everyone is patient now… Any news on baby Middlebrook??

    Comment by Amber — November 9, 2008 @ 4:58 pm

  2. Hey Shar, I’m so excited that you have updated your blog. We are thrilled to be able to follow your progress. Such exciting news that the baby is doing so well. It’s incredible that you are able to have pictures of this tiny little person. We are so very happy for you and Peter and Ami and Amba. I bet the kids are absolutely ecstatic. I know that we are! We love you all.
    Mom

    Comment by Pat Youell — November 19, 2008 @ 4:20 pm


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