abandoned cars

[Al Wohlstrom]

These Dream Car Are Rotting In The Streets Of Dubai. Take Them Away!

 

[Jim Rosenthal]

Shore is a lot of sand there.

 

[Glenn M]

And to think the joke used to be;

What do you call a Skoda with a sun roof?....................a skip

That's the best use for a beemer I've seen in a long time! Brilliant!

Glenn

 

[Keith]

"is the owner dead?" Lol......

 

[Larry L.]

I've always believed there's no such thing as having too much money...but these photos have me wondering whether that is true or not.

 

[Al Wohlstrom]

I got the idea that when things got bad financially, the owners abandon the cars and took off.

 

[Pete McCluskey.]

They left them for the finance company. Just like people walking away from their houses in the U.S.

 

[Rick Muck- Mark IV]

The "F40" looks more like a Fiero conversion....

So a painted Delorean, a Crossfire and a VW kit are "Dream cars???" More like a nightmare me thinks!

 

[Robert May Eng.]

A good friend of mine had to leave everything and flee Dubai after losing £millions . He had been involved with a business that was going down the pan and it was get out or be locked up. They chuck folk in jail for not honouring debts.

http://www.alternet.org/story/147258/owe_money_be_careful,_or_you_might_end_up_in_jail

Bob

 

[Keith]

And so they bloody well should! :furious:

 

[Pete McCluskey.]

Yes what a unique concept, jailing someone who continues to trade while insolvent.
Great idea.

 

[Larry L.]

And so they bloody well should! :furious:

+1!!!

 

[Robert May Eng.]

Hold on there Kangaroo court judges . The poor chap partly financed a property deal that went down the pan through the recession with absolutely no wrong doing on his part. In your eyes does that really justify being locked up in a rat infested hell hole of a jail in the desert?

Bob

 

[Keith]

Yes. You speculate in those places at your peril. He obviously didn't do an adequate risk assessment or he was plain greedy.

Plenty of projects to invest in at home without the downside risk.

 

[Larry L.]

The poor chap partly financed a property deal that went down the pan through the recession with absolutely no wrong doing on his part.

When you say he 'partially financed' a deal...do you mean he did do so with his own money, or did he use borrowed money?

If the former, then (w/o knowing what his exact responsibilities/type of agreements made actually were) 'twould appear to be a "no harm no foul" situation as you suggest. But, if the latter - he 'stuck' someone else with his debt by "walking away". (An example of the latter would be if he ordered/received items from suppliers, 'cash flow from the property deal dried up, so he walked away from the supply bill.)

What I'm saying is, anytime someone takes on debt, it's his responsibility to service it. One does not just walk away and leave it for some other party to deal with/absorb.

 

[Al Wohlstrom]

When you say he 'partially financed' a deal...do you mean he did do so with his own money, or did he use borrowed money?

If the former, then (w/o knowing what his exact responsibilities/type of agreements made actually were) 'twould appear to be a "no harm no foul" situation as you suggest. But, if the latter - he 'stuck' someone else with his debt by "walking away". (An example of the latter would be if he ordered/received items from suppliers, 'cash flow from the property deal dried up, so he walked away from the supply bill.)

What I'm saying is, anytime someone takes on debt, it's his responsibility to service it. One does not just walk away and leave it for some other party to deal with/absorb.

You should tell that to the US government, $17.6 trillion and growing. If the fucking politicians run off it might be worth it! $7 trillion in the last 5 1/2 years. Cost a lot of money to do fund raisers.

 

[Larry L.]

You should tell that to the US government, $17.6 trillion and growing. If the fucking politicians run off it might be worth it! $7 trillion in the last 5 1/2 years. Cost a lot of money to do fund raisers.

'Been screaming about all the IDIOT spending levels for decades, Al.

 

[Jack]

+1 Al, Larry...

 

[Pete McCluskey.]

You should tell that to the US government, $17.6 trillion and growing. If the fucking politicians run off it might be worth it! $7 trillion in the last 5 1/2 years. Cost a lot of money to do fund raisers.

:thumbsup::thumbsup: Indeed.