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Moscow's half-empty $12 billion financial district looks worse than you imagined
BI ^ | 3 Mar 14 | Christian Storm and Elena Holodny

Posted on 03/04/2015 7:09:31 AM PST by elhombrelibre

Moscow's financial district, with its $12 billion worth of skyscrapers, was meant to be a gleaming beacon for Russia's post-Soviet market economy.

But now with Russia's economy in free-fall, the Moscow City complex property values have nosedived, construction sites are abandoned, and vacancy rates have soared to 45%, according to real estate consultants Blackwood.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Crime/Corruption; Foreign Affairs; Russia
KEYWORDS: economy; moscow; moscowcity; russia
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To: econjack

Communist economy: people pretend to work, the government pretends to pay them....


21 posted on 03/04/2015 7:40:17 AM PST by ConservativeDude
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To: elhombrelibre

I think it’s unlikely to see much foot traffic in winter in the middle of an office park, on a sidewalk that connects one highrise to another. I’m sure plenty of people do walk around in the winter in Moscow (and some of the other photos show plenty of pedestrians), but even here in the US, locations like those shown in these pictures tend not to get much foot traffic in winter, and Moscow winters are a lot colder than most of the US.


22 posted on 03/04/2015 7:43:48 AM PST by Little Pig
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To: elhombrelibre
Command economies never get it right.... In the old USSR, communist party members couldn't figure out how Americans came up with consumer prices. Russians would take a Sears catalog and translate the prices into rubles. Years ago a young Russian asked he how we came up with price to charge for items... I said we didn't come up with prices - that everyone could charge what ever they wanted to charge. She didn't believe me.

Command economies don't understand... http://www.businessinsider.com/moscows-empty-financial-district-photos-2015-3

23 posted on 03/04/2015 7:51:56 AM PST by GOPJ (Comrade Thug - please don't hurt me for disagreeing... I lived in a free country once..)
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To: elhombrelibre

Just wait until all those Mothers and Wives start demanding that Putin tell them where their Sons and Husbands went


24 posted on 03/04/2015 7:52:49 AM PST by molson209 (Blank)
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To: Little Pig
Actually it looks like a pretty nice day for a Russian winter.

Who knows exactly where and when that photograph was taken though.

For example...


25 posted on 03/04/2015 8:01:47 AM PST by mac_truck ( Aide toi et dieu t aidera)
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To: SamAdams76

I know several of them got zotted by JimRob a month or so ago. There are a few still here, but are more subtle and subdued about their opinions.


26 posted on 03/04/2015 8:09:27 AM PST by dmz
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To: Little Pig

Moscow is not Siberia. Temperature there averaged +32F this February.


27 posted on 03/04/2015 8:19:20 AM PST by Krosan
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To: Little Pig

Well, I am in Germany, and they’re all over the place in Winter. I believe I see something you don’t see and you may not agree with. These structures, I think, were construction boondoggles awarded to close friends of Putin. I see this as Potemkin villages. Similarly, in China, whole cities have been built during their boom without anyone in them. But for some, those who are enchanted with the dashing Putin, he’s a brilliant forward-thinking conservative who can make no mistakes. Not saying that’s you.


28 posted on 03/04/2015 8:28:40 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: elhombrelibre

Chicago is pretty. It also has cancer that cannot be cured.


29 posted on 03/04/2015 8:33:02 AM PST by roofgoat
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To: GOPJ

Yes, you’re so right. The myriad of decisions that go on in an economy are too vast for a government to manage or to even understand, most of the time. I believe it’s even why so many companies do not last very long. They cannot detect a coming change and are caught off guard. This is the type of thing that the smart set, the Obama types, do not get about a free society and the value of free enterprise.


30 posted on 03/04/2015 8:33:26 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: molson209

They’re already dealing with this problem and Putin’s suppressing these mothers. It must make the pro Putin posters here proud to know Putin takes no guff off of these women.


31 posted on 03/04/2015 8:35:18 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: elhombrelibre
To paraphrase Ron White:

You can't fix communist.

32 posted on 03/04/2015 8:39:54 AM PST by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: roofgoat

Richard Dailey, the first, must be rolling over in his grave.


33 posted on 03/04/2015 8:40:45 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: Sicon

Man, Ron was sooo right.


34 posted on 03/04/2015 8:48:28 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: elhombrelibre

You mean by watching two awesome leaders like 9 1/2 fingers and Chuy go at it?


35 posted on 03/04/2015 8:50:30 AM PST by roofgoat
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To: elhombrelibre

“Putin’s got a terrible physique. He’s got the flabbiness and man boobs that are best hidden.”

Surely you are joking? For a man of 62 he appears to be remarkably fit and in fantastic shape.


36 posted on 03/04/2015 9:02:04 AM PST by Cyman (We have to pass it to see what's in it= definition of stool sample)
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To: elhombrelibre

Look like those Chinese Potiemkin cities.


37 posted on 03/04/2015 9:04:20 AM PST by DoodleDawg
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To: Cyman

No, I’m not joking. It’s embarrassing. But then, maybe in four years I’ll be that flippin’ flabby.


38 posted on 03/04/2015 9:10:02 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: elhombrelibre

Thanks. Love the books on your home page - good choices.


39 posted on 03/04/2015 1:30:28 PM PST by GOPJ (Comrade Thug - please don't hurt me for disagreeing... I lived in a free country once..)
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40 posted on 03/04/2015 1:32:26 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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