Results 1 to 4 of 4

Thread: building bust

    • Member Info
      • Member Type:
      • Student or Learner
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Oct 2008
    • Posts: 21
    • Post Thanks / Like
    #1

    building bust

    America's economy has stalled as the building bust deepens and consumers cope with the triple whammy of falling house prices,tighter credit and dearer oil.
    What is "building bust"?thanks for your explanation!

  1. Barb_D's Avatar
    • Member Info
      • Member Type:
      • Other
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Mar 2007
    • Posts: 17,555
    • Post Thanks / Like
    #2

    Re: building bust

    The amount of new construction has gone way, way down.

  2. Ouisch's Avatar
    • Member Info
      • Member Type:
      • English Teacher
      • Native Language:
      • English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Mar 2006
    • Posts: 4,142
    • Post Thanks / Like
    #3

    Re: building bust

    To amplify Barb's answer just a bit...back when the economy was strong, there was a "building boom," that is, the construction industry was very busy building new multi-story buildings destined to be high-priced rental properties. When the economy began to founder, existing businesses that previously may have considered moving to newer, larger office space decided to stay where they were instead. So now these brand new buildings are mostly empty, with no paying tenants, and the builders who took out bank loans to construct these buildings are having to pay back the bank without receiving any income from renters. Thus, many large building companies or realtors are defaulting on bank loans, which is described as a "building bust" and it adds that much more distress to the already faultering economy.

    • Member Info
      • Member Type:
      • Student or Learner
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Oct 2008
    • Posts: 21
    • Post Thanks / Like
    #4

    Re: building bust

    thank you, Ouisch. your explanation has made me clear about the term that has long troubled me! thanks a lot:)

Similar Threads

  1. work on building on what you're used to
    By KLPNO in forum Ask a Teacher
    Replies: 1
    Last Post: 10-Jul-2008, 22:28
  2. Red Education Building
    By angliholic in forum Ask a Teacher
    Replies: 16
    Last Post: 05-Oct-2007, 15:16
  3. building and interesting
    By Unregistered in forum Ask a Teacher
    Replies: 1
    Last Post: 09-Jul-2007, 20:50
  4. six stories of fallen building
    By mengta in forum Ask a Teacher
    Replies: 2
    Last Post: 05-Dec-2005, 13:50
  5. auspicious building ...
    By mir12480 in forum Ask a Teacher
    Replies: 1
    Last Post: 13-May-2005, 16:37

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •