We saw a collapse in real estate prices after 1990 and a recession in 1991, so it was the big story of the 1980s.

我们目睹了1990年后房价暴跌,以及1991年的经济衰退,这就是20世纪80年代的重大事件

耶鲁公开课 - 金融市场课程节选

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

耶鲁公开课 - 金融市场课程节选