A housing boom turns into a bubble when prices are driven up by expectations of future price gains.
对未来价格上升的期望,促使房产繁荣滋生泡沫。
With the exception of Germany and Japan, advanced countries have been in the grip of a housing boom since the mid-1990s.
自上世纪90年代中期以来,除德国和日本以外的发达国家一直处于一场房地产热潮之中。
Even Germany, which never underwent a housing boom, is reporting its lowest levels of business confidence since 2001.
甚至从未经历过房市过热的德国,也公布说其商业信心指数已跌至2001年以来的最低点。
Texas and Oklahoma weathered the downturn better than most, thanks to strong local energy industries and the absence of a housing boom and bust.
德克萨斯州和俄克拉何马州就是其中的二州。两州由于能源行业强盛以及房地产行业较为理性顶住了经济萧条的考验。
Britain also had a housing boom but its tight planning laws kept its construction industry small, so fewer jobs were lost when the bust came.
英国也经历了房地产市场的繁荣,但其计划一向保守,促使建筑工业规模无法扩大,所以相对而言,当倒闭之风袭来时,失业人数要少一些。
Compared with Italy, Spain has few internationally competitive small firms. It is overly dependent on construction and is "enjoying" a housing boom.
与意大利相比,西班牙几乎没有什么具有国际竞争力的小公司,西班牙过度依赖建筑业,“很享受”地产繁荣。
These states now have some of the lowest unemployment rates in the country. With far less of a housing boom, they have also avoided the worst of the subprime bust.
这些州目前的失业率全国最低,由于房地产业的落后,这些地区受到次债危机的冲击也是最小的。
Educated in Britain, he set up a real-estate business that has taken off, thanks in part to the 2008 Olympic Games that have fueled a housing boom in China's capital.
从英国留学回国后,他成立了一家房地产公司,得益于2008年北京奥运会推动的房地产热,他的业务蒸蒸日上。
"Recent events in Togo shouldn't obscure peace in Sierra Leone or Angola, growth in Tanzania, or a housing boom in Ghana," says Nankani, pointing out some recent gains.
“多哥的近期局势不应掩盖塞拉里昂或安哥拉的和平局面、坦桑尼亚的经济增长或加纳的房地产繁荣景象,”南卡尼道出了近期取得的一些成就。
But the credit boom also inflated an enormous housing bubble, whose collapse precipitated a financial crisis brought on by defaults on those very subprime mortgages.
但信贷繁荣也助长了巨大的房产泡沫,房产泡沫破灭后,正是由于这些次级贷款的违约,金融危机骤然袭来。
The housing plan announced this week looks good in the sense that it will help many homeowners, but it won't spur a new housing boom.
本周公布的住房计划在帮助许多业主的角度看上去挺好的,但却不能促进新的房地产市场的繁荣。
The boom and bust in the money markets was precipitated by a us housing bubble.
美国房地产泡沫促成了货币市场的繁荣与萧条。
But a big chunk of the industry's trouble in the past decade came from the housing and credit boom.
但是过去十年来该行业的最大问题来自于房产和信用的繁荣。
The acceleration in China's economy in the past few years has had two main drivers: a boom in housing, infrastructure and factory construction, and a dramatic surge in exports.
中国经济在过去几年里的加速增长主要得益于以下两个因素的推动:一是房地产、基础设施和工厂建设的繁荣,另一个则是出口的大幅增长。
While a housing recovery could lead the best quality renters to move out and purchase homes, the move-out rate isn't expected to surpass levels seen during the housing boom earlier this decade.
尽管住房市场复苏可能会促使最优质的租房者转而选择购房,但这一迁出率可能不会超过本世纪初住房热潮时期的水平。
For the United States, the consumption boom was fueled by bubbles in stocks and housing. This was accompanied by a collapse in the U.S. savings rate.
就美国而言,股市和房地产泡沫给旺盛的消费火上浇油,同时伴随着美国储蓄率的崩溃。
Zhang's misfortune is not uncommon. China's housing boom has created a woefully frustrated class of bachelors.
张所遭遇的这种不幸并不少见,中国房产热潮造就了一个失落的单身汉阶层。
The country experienced a similar housing boom in the 1980s and is still reeling from the damage caused when the bubble burst.
这个国家在20世纪80年代经历了一次类似的房产繁荣,自从房产泡沫破裂后至今仍然处在破坏后的恢复中。
Since much of the capital accumulated during the last boom was in housing, there is not the same scope for a similar burst of “delayed” productivity.
由于上次的经济繁荣时期大量的资本积累出现在房地产市场,因此这次衰退期将没有机会出现与(2001年衰退期)类似的“延时型”生产率膨胀[3]。
But with its warm weather and beaches, Spain was also the Florida of Europe - and like Florida, it experienced a huge housing boom.
然而,气候温和、有美丽海滩的西班牙也是欧洲的佛罗里达。像佛罗里达一样,西班牙经历了空前的房地产繁荣。
We may add to this that the housing boom we have just been through represents a particularly acute expression of this scenario.
我们可以把代表着这个游戏关卡中异常激烈的表现我们刚刚经历的房地产繁荣也加上。
Banks and households have started to cut their borrowing, which reached epic proportions in the housing boom, but they still have a long way to go.
银行和家庭都开始减少他们在房地产繁荣时创纪录的借款,但是他们还有很长的路要走。
First, the scale of the housing boom means history is a flawed guide to how big a retrenchment is in store.
首先,这次房市繁荣的程度之大使得历史记录对即将到来的下跌程度只能是个有瑕疵的指南。
The result of such individually rational behaviour is a housing and credit boom, followed inevitably by a nasty bust.
结果,个人的理性举动造成了房产和信贷繁荣,随之又不可避免地再来惨痛崩溃。
Greece and Portugal ran huge current-account deficits while Ireland presided over a prodigious property boom that disguised underlying fiscal weaknesses through flaky housing-related revenues.
希腊和葡萄牙出现了巨额的往来账户赤字,而爱尔兰靠着虚高的房产关联收入所营造的地产繁荣实则掩盖了潜在的财政弊端。
In theory, such a council of wisdom would have spotted that the American housing boom was causing Banks to become overexposed to the finances of subprime borrowers.
从理论上看来,这样的智囊团理应能够察觉到美国房产膨胀会导致银行过度受制于次贷借贷者的金融状况。
The boom relied on a housing bubble, and on the low interest rates that came with the euro.
经济的暂时繁荣依靠的是房产泡沫和伴随着欧元的低利率。
The boom relied on a housing bubble, and on the low interest rates that came with the euro.
经济的暂时繁荣依靠的是房产泡沫和伴随着欧元的低利率。
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