Èrlínglíngbā nián de zhùzhái pàomò yǐnfā le quánqiú jīnróng wēijī.
The 2008 housing bubble triggered the global financial crisis.
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usage
More common synonym in mainland reporting: 房地产泡沫 - real-estate bubble. 泡沫 ('foam / bubble') is the standard economics metaphor for any inflated asset price; pair freely with 股市泡沫 (stock-market bubble), 互联网泡沫 (dot-com bubble).
