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The Housing Bubble (1/10)

Pronunciation: \ə-ˌmer-ə-ˈkä-nə, -ˌmər-, -ˌme-rə-, -ˈka-nə\
Function: noun plural
Date: 1841

1: Materials concerning or characteristic of America, its civilization, or its culture ; broadly : things typical of America
2: American culture

In this series, I’d like to explore various aspect of life in North America. Each topic will be illustrated by a black and white picture.

A Burst Bubble
A Burst Bubble

Owning a house. The true American dream.

North America is a land of settlers, a place where everything is possible, even buying one’s little piece of heaven. Land and a house on it. Far from expensive Europe or overcrowded Asia. A lot of households make it. Home sweet home.

Some weren’t that lucky this year. Subprime crisis, economic crisis, and the bubble burst. For a while.

Houses already built are waiting for buyers. Rows and rows of them, neatly lined up.

Picture: Ottawa, Neapan area, October 2008.

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