Developer Levitt and Sons--credited with pioneering the prototypical mass-produced suburbs called "Levittowns" in the 1950s--has filed bankrupcy in the wake of the housing market crisis. Has the American dream of an ever-expanding middle class--so wrapped up in surburban growth--also gone bankrupt?
Thursday, February 28, 2008
Creator of Modern American Suburb Goes Bankrupt
Developer Levitt and Sons--credited with pioneering the prototypical mass-produced suburbs called "Levittowns" in the 1950s--has filed bankrupcy in the wake of the housing market crisis. Has the American dream of an ever-expanding middle class--so wrapped up in surburban growth--also gone bankrupt?
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