Even before the global financial crisis hit late in 2008, the Vietnamese government was already working to halt galloping inflation and investment due to an overheated real estate sector.

VOA: standard.2009.10.16

I want to start out by talking about real estate as an asset class.

我们开始讲,房地产这类资产

耶鲁公开课 - 金融市场课程节选

It's nearly always commissioned by the king to be performed at court before a private audience of select nobility, it's commissioned by an aristocratic family to be performed at the aristocratic family's estate to honor or to celebrate a specific occasion.

它几乎是由国王指派,去庭院表演给一部分贵族的，它是由一个贵族家庭指派,在贵族家族的房子里表演,是去庆祝一个特定场合的。

耶鲁公开课 - 弥尔顿课程节选

Whenever possible, an ownership vehicle for commercial real estate will have the form of a DPP.

只要有可能,那就用DPP的形式来设立,商业地产的所有权代理机构

耶鲁公开课 - 金融市场课程节选

That's an organization of people who sell real estate and they have ad campaigns trying to convince you that home prices are going to double.

AR是房屋销售者成立的组织,他们会发动广告攻势并试图让你相信,房价就要翻倍了

耶鲁公开课 - 金融市场课程节选

You want, if you are setting up an organization to hold real estate, you want to do it, if you can, as a DPP because you don't want to pay those taxes.

如果你要成立一个组织,来持有商业房产,那么你就尽可能选择DPP的形式,因为这样你就不需要支付利润税了

耶鲁公开课 - 金融市场课程节选

These DPPs go back a long time but there began to be complaints about them because people said, well why is it, because I'm not an accredited investor, I can't get into real estate like these other people do?

PP由来已久,但现在人们开始抱怨,他们说,我不是可信投资者,为什么仅凭此门槛,而不让我像别人一样投资商业地产呢

耶鲁公开课 - 金融市场课程节选