A naive belief that house prices could never fall at the national level encouraged excessive speculation and lax lending, thereby precipitating an eventual collapse.
人们认为全国范围的房价总水平绝不会下跌，这一天真的想法鼓励了过度投机和宽松的借贷，从而导致了最终的房市坍塌。
A naive belief that house prices could never fall at the national level encouraged excessive speculation and lax lending, thereby precipitating an eventual collapse.
人们认为全国范围的房价总水平绝不会下跌，这一天真的想法鼓励了过度投机和宽松的借贷，从而导致了最终的房市坍塌。
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