One is, in 1988 home prices were rising rapidly in Los Angeles, not so in Milwaukee, so people were just extrapolating the price increase.

其一,1988年,洛杉矶房价上升的势头很猛,密尔沃基却没有,所以人们推测房价会继续上涨

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forever in California where people would buy houses then it'd just go up, up, up, up, up.

人人都想在加利福尼亚买房子，所以房价和房地产市场一直是不断上升和扩大。

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Now suddenly, the word is that it's falling, so suddenly they don't want these homes, so the inventory of unsold homes has shot up; builders can't sell them and prices are falling.

忽然,房价开始暴跌,楼市无人问津,待售房屋存量急剧上升,建筑商卖不动房子,房价暴跌

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