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How To Get (More) Rich Investing in Iraqi Real Estate D... - 4/5/2017 9:10:29 PM   
tamaka


Posts: 5079
Status: offline 		http://www.iraq-businessnews.com/2010/07/09/238m-real-estate-development-in-baghdad/

Let's see... Jared Kushner is in Iraq this week and the only thing he really knows about is real estate development.

Meanwhile the King of Jordan is here talking to Trump.

Syria was a good distraction for what they actually were most concerned about discussing.... i'd bet on it.
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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/6/2017 11:07:42 AM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Well, I won't be investing. The country is still busting at the seams for a civil war. It really should be cut up into three or four countries. Now the government is getting tough on that shit, like Saddam was. We are back where we started except they are not switching to the euro, which was what the last war with them was really about.

What's more, good countries limit foreigners owning real estate, or forbid it. Of course not the US. But then I would not invest in the US either. They created the real estate bubble here by fooling people into thinking that when their payments go up, their salaries would go up. But they knew. And now their holdings are quite increased. See how that works ? Even Trump got suckered into a few bad deals and he is supposed to be an expert on the subject.

And in the end, you own nothing. You get issued a deed by a government you are simply a holder. If you do not pay the taxes which are pretty much rent, they take it away. I the US there are a few legal tricks that can put a stop to that but using them makes you a target. And no such tricks even exist in most countries. And then if you do it, you have to somehow manage that property ten thousand miles away. I have no idea why Trump does it but he seems to make money.

But wartorn Iraq ? Putting up a hotel in Saudi Arabia, which is pretty much stable is one thing. But try it in Syria for example. Iraq is not much different. There are still insurgents though they have been quiet lately. Give them an American target and they might just act. Where do you get insurance for that ? Lloyds of London ? You'll pay through the nose for that.

No, I would pass on that. If the People there did not hate us so much it might be different, but I forsee trouble in such a venture.

T^T

(in reply to tamaka)
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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/6/2017 11:42:42 AM   
tamaka


Posts: 5079
Status: offline 		Sure but that's what they are interested in. How can we stabilize the Middle East so that we can start making money over there. We used to think it was just about the oil. Now we see Jared over there scoping out other opportunities.

(in reply to Termyn8or)
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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/6/2017 12:06:48 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		But what do they have other than oil ? Much of the land is not arable so they have trouble with food. There are no car companies or TV manufacturers and they don't make smartphones. They are not inventing anything, just seething with hatred for the west, which has fucked them over. If Trump built a hotel there is would almost always be empty.

But that is not what we are talking here. We are talking "projects". Ever hear about living in the projects ? I have been in some delivering or servicing something and I can tell you that some jails are nicer. If they build them like that, there won't be much money to be made. Plus they are not going to be collecting $600 a month for a one bedroom. The income of the People will not support that.

To make money you need a market full of people with money. Recently here, in the supposedly richest country in the world, I could no longer find a beef tenderloin. When I did it was a hundred bucks. Luckily it lasts a long time and there is practically no waste, but people will look at the price tag and it will sit there and the store has to throw it out. How rich are we now ?

There are countries where people only eat meat once a week. Maybe less. I am not sure how it is in Iraq, maybe they eat goats or something. I tried goat and did not like it. Not at all.

Bottom line though, a market is defined as a group of people who have money and are willing to spend it on your product. You are not going to get Iraqi camel jockeys who eat dirt to spend the money on a five star hotel. You will have to build cheap housing. Refugees coming back ? Where the hell are they going to get jobs ? Sure they have an oil industry but that does not employ all that many. The pumps just pump. People are almost only needed when something breaks down, and to fix it requires certain skills which most do not have.

In other words, there is no market.

T^T

< Message edited by Termyn8or -- 4/6/2017 12:07:24 PM >

(in reply to tamaka)
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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/6/2017 12:58:57 PM   
BoscoX


Posts: 11271
Joined: 12/10/2016
Status: offline
quote:

ORIGINAL: tamaka

Sure but that's what they are interested in. How can we stabilize the Middle East so that we can start making money over there. We used to think it was just about the oil. Now we see Jared over there scoping out other opportunities.


We never brought any oil back, never got any deals for their oil., and as Termy points out no one in their right mind would invest in a place like Iraq

Why do you so easily fall for the simplest, most mindless propaganda

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Thought Criminal

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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/6/2017 1:41:36 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Umm, we did bring oil back. It was when the wells were rebuilt but there was no metering equipment in them. Basically Haliburton got all of it - for free.

T^T

(in reply to BoscoX)
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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/6/2017 2:39:45 PM   
BoscoX


Posts: 11271
Joined: 12/10/2016
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quote:

ORIGINAL: Termyn8or

Umm, we did bring oil back. It was when the wells were rebuilt but there was no metering equipment in them. Basically Haliburton got all of it - for free.

T^T


That's baseless conspiracy theory nonsense. Didn't happen. We smuggled no oil out of Iraq and all of the oil contracts went to other nations, we got none of them

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Thought Criminal

(in reply to Termyn8or)
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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/7/2017 7:03:04 AM   
tj444


Posts: 7574
Joined: 3/7/2010
Status: offline
quote:

ORIGINAL: tamaka

http://www.iraq-businessnews.com/2010/07/09/238m-real-estate-development-in-baghdad/

Let's see... Jared Kushner is in Iraq this week and the only thing he really knows about is real estate development.



that is nothing new, really.. I remember (not that long after 9/11) reading about seminars/programs the Bush administration was putting on for US businesses to "help" (meaning profit) in "rebuilding" Afghanistan.. not sure how many takers they got on that.. You would either have to be a weapons dealer or just plain crazy to go anywhere near those countries..

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As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to tamaka)
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RE: How To Get (More) Rich Investing in Iraqi Real Esta... - 4/7/2017 12:12:34 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline
quote:

ORIGINAL: BoscoX

quote:

ORIGINAL: Termyn8or

Umm, we did bring oil back. It was when the wells were rebuilt but there was no metering equipment in them. Basically Haliburton got all of it - for free.

T^T


That's baseless conspiracy theory nonsense. Didn't happen. We smuggled no oil out of Iraq and all of the oil contracts went to other nations, we got none of them



Wrong.

T^T

(in reply to BoscoX)
Profile   Post #: 9
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