“没有恐慌，也肯定没有支付过高价格，”他说。
There's no panic, and there's certainly no overpayment, "he said."
巴菲特真正关心的是，不要一开始就以过高价格买入。
What Buffett is really concerned about is not overpaying in the first place.
同样，购房者在售租比超过平常水平时，倾向于为房产支付过高价格。
Similarly, homebuyers are likely to be overpaying for property when the price-to-rents ratio is higher than normal.
过高价格是指由于垄断或市场力量而被设定的远高于竞争水平的价格。
Refers to prices set significantly above competitive levels as a result of monopoly or market power.
谢先生过高的估计高价格的风险和空住宅的危险，因为他错误地否定了杠杆作用，导致泡沫。
Xie overestimates the dangers of high prices and empty apartments, because he wrongly dismisses the role leverage plays in causing bubbles.
谢先生过高的估计高价格的风险和空住宅的危险，因为他错误地否定了杠杆作用，导致泡沫。
Xie overestimates the dangers of high prices and empty apartments, because he wrongly dismisses the role leverage plays in causing bubbles.
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