North Pole – Just as experts around the world began thinking the housing crisis had hit rock bottom, news came out of the North Pole today that igloos are now the latest victims of the recent credit crunch. Countless igloos, many of them abandoned or half-built, can be seen scattered all along the North Pole as the expected buyers and tenants never showed up.
Overzealous developers began building thousands of igloos in 2004 with the expectation that rising global temperatures would force many families to seek cooler environments. This has yet to happen and is believed to be the number one cause of the igloo crisis.
However, while most developers are postponing or fully pulling out of their development projects, one developer seems unphased. Real estate mogul Donald Trump is continuing with his plans for the Trump Igloo Tower which he describes as “the tallest, coldest, most magnificent igloo on the planet.”
Tags: donald trump, housing crisis, igloo
September 10, 2008 at 2:40 am
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February 28, 2009 at 8:15 am
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