住宅 じゅうたくバブル崩壊 ほうかいじゃありません
jūtakubaburuhōkaijārimasen

Noun
Desu Copula
Negation Auxiliary

The polite negative form of 住宅バブル崩壊

1. It is not a housing bubble burst.; It wasn't a housing bubble collapse.

Negative
Polite
Terminal Form