They're not part of the government, but they were created by the government and they are massive supporters of the housing market.
他们不是政府机构,但他们却由政府创办,并且他们是房地产市场的支柱
So finance and capital markets and real estate and I will be doing corporate.
它们是关于金融、资本市场和房地产方面的,而且我将要创业了。
They didn't want flippers; they didn't want the company that's speculating in real estate, they want it to be a holder of real estate.
国会不希望投资者快进快出,不希望他们在房地产市场投机,而是希望他们是房地产的持有人
Segment three the Housing bust.
第三章,房地产市场的萧条。
How is the real estate market doing in the U.S. right now?
美国现在的房地产市场怎么样?
But what I'm assigning to you is the second edition, which came out in 2005, pretty much at the peak of the housing market.
但是我指定你们去读的,是2005年出的第二版,那时候房地产市场正位于高点
I wish the Fed had behaved better they didn't seem to recognize the bubbles that we had in the stock market in the '90s and the housing in the 2000s.
从某种意义上说,我希望,政府没有发现出来,九十年代的股票市场泡沫,和新世纪房地产的泡沫。
The housing market is a huge market.
房地产市场是个巨大的市场
There wasn't as much agreement on that, but one of the names suggested was Milwaukee; nothing has ever happened there in terms of real estate.
没有统一的答案,但是有人提到了应该是密尔沃基,那里的房地产市场有如死寂一般
Alan Greenspan, in his book, says that he thinks housing markets are all local and there is no--he says this firmly in his book there is no national housing market.
艾伦·格林斯潘在他书中写道,他认为房地产市场具有地域性,他在书中断言,不存在全国性的房地产市场
I want to talk first about institutions and then move to what I think is, myself, more interesting, which is the real estate boom and the kind of fluctuations we've seen in real estate over the years.
我首先会讲讲这些机构,然后讲一下我更感兴趣的,房地产市场繁荣,及这些年里,我们经历的波动
This is the plot that I created for the second edition of my book, Irrational Exuberance, that shows the real estate market in the United States since 1890.
这是我的书的第二版中,我所撰写的内容之一,"非理性繁荣",那里描述了自1890年以来的,美国的房地产市场
This behavior recently, I think, confirms that we are living in a very unusual time in the housing market and it's going to put a lot of stress on us.
我认为,这种表现验证了,我们正处于房地产市场的特殊时代,而且这将对我们产生很大压力
The value of real estate in the United States today is -of real estate owned by households directly -is about twenty trillion dollars, which makes it comparable or maybe a little bit bigger than the stock market.
现今美国房地产的价值,也就是居民直接持有的房地产的价值,大概有20万亿美元,这与股票市场总值相当,可能还要更大一点
They have many different kinds of REITs for different kinds of real estate.
针对不同的房地产市场,人们制造了很多不同的REITs
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