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The Daily Blog 

February 18, 2003

Occupiers or Liberators?

This is a question that has been making the rounds of the punditocracy as of late: Will the coalition that overthrows Saddam be seen as liberators or invaders intent on occupying the country?

For those of us that lean strongly towards 'liberator', there is some new evidence: Iraq's real estate market is booming. There is a surge of investment in commercial construction, home prices are skyrocketing, the Iraqi stock exchange is rising, and real estate speculators are making a killing. According to [i]Newsweek[/i], "there is an air of undeniable optimism in the marketplace".

I would call this a very strong leading indicator. The Iraqis are not huddling in their houses waiting for bombs to fall on them. They are not burying their valuables, or packing up their belongings getting ready to escape the country. They are investing. They are starting to think about beginning new lives, moving to better locations, and preparing to rebuild an economy ravaged by decades of dictatorship, war, and sanctions.

This is simply not the behaviour of people who are expecting a violent, protracted war and a permanent occupation. It is the behaviour of people who believe that they will soon be liberated.

Posted by Dan at February 18, 2003 05:15 PM
Comments

No Blood for the housing commodity market!!

Posted by: Liam on February 19, 2003 11:03 PM

How _simplisme_ of them!

Posted by: The Sanity Inspector on February 20, 2003 05:41 PM

I knew it! It is a capitalist plot after all.

Posted by: Thomas J. Jackson on February 23, 2003 01:34 PM

I am new to the internet and I did a search in the search engines on a "real estate blog" and I found your web blog. Let me introduce myself, I am a Halifax Real Estate Agent in Nova Scotia, Canada and I was told that blogs were discussions on specific topics which made me interested in searching for a real estate blog. It seemed like an interesting way to see what trends and technology are happening in the real estate market in other parts of the world besides Halifax. I am considering a blog for myself if I can understand the technology of operating a blog and from what I see I am somewhat hesitant right now even though it was interesting reading.

Respectfully yours
James B. ,
A Halifax Real Estate Agent

Posted by: Halifax Real Estate Agent on February 16, 2004 08:30 AM
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