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It was a real debacle.
And if the G.O.P. doesn't want to disillusion them, then it doesn't have an obvious way to back off or quickly make a deal – in which case the party is risking a real debacle with non-base voters, who might forgive a brief shutdown but probably won't forgive Republicans if it turns into a lurching political and economic crisis.
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It's this type of liberal government policy that promotes increased loan losses and our current real estate debacle.
Much of the rest was lost during the real estate debacle of the late 1980's and early 1990's.
Worse, who financed this?" A better known real estate debacle is a sprawling development in Seseña, south of Madrid, one of Spain's "ghost towns".
The experience of Merced, which rose higher and fell faster than nearly anywhere else, suggests that recovery from the national real estate debacle will be painful and protracted.
After its stock market and real estate debacle early in the decade, the government of Japan moved its budget into deficit and brought interest rates down to zero.
"It's never, ever happened before — the house was locked; we couldn't get in," Noel Jeffrey, a decorator who practices a maximalism found on the 1940s-to-1970s continuum, said of last spring's real estate debacle.
After she and her family were suddenly forced to abandon their apartment in Alphabet City a decade ago, she transformed her personal real estate debacle into an adventure in urban anthropology.
Between 1967 and 1992, banks did not earn high enough returns to justify their borrowing costs, Mr. Dickson said, culminating in the commercial real estate debacle of the late 1980's.
Enclosed by a dark brown fence, the weedy lot at Park Avenue and 56th Street in Midtown Manhattan is a conspicuous reminder of how ambitions were shattered in the recent real estate debacle.
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