view from the thirteenth floor

09 July 2009

the housing bust

in guinea, no less
For centuries, Nionsomoridou faced no risk of a housing-market crash, because it didn't have a housing market. There were no unused houses. If a son married and needed room for children, his relatives put up a new hut next door, on village land that is communally owned.
tomitron at 7/09/2009 07:12:00 PM

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