In American English, what is this self-contained housing unit (a type of residential real estate) that occupies only part of a building, of which the living place of the lives of six young people from Bedsitcom?
Apartment An apartment (American English), flat (British English) or unit (Australian English), is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, generally on a single level. Such a building may be called an "apartment building", "apartment complex", "flat complex", "block of flats", "tower block", "high-rise" or, occasionally "mansion block" (in British English), especially if it consists of many apartments for rent. In Scotland, it is called a block of flats or, if it is a traditional sandstone building, a "tenement", which has a pejorative connotation elsewhere. Apartments may be owned by an "owner/occupier", by leasehold tenure or rented by "tenants" (two types of housing tenure).
Real estate bubble A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, typically following a land boom. A land boom is the rapid increase in the market price of real property such as housing until they reach unsustainable levels and then decline. The questions of whether real estate bubbles can be identified and prevented, and whether they have broader macroeconomic significance, are answered differently by schools of economic thought, as detailed below.