It's just like if you buy a house and you buy - a lot of people are very leveraged now.

就像你买了栋房子,然后买了,很多人现在都处于负债中

耶鲁公开课 - 金融市场课程节选

Now today, the standard mortgage, which you would probably get when you buy your first house, is not fifteen or twenty--it's thirty years.

今天,标准的抵押贷款,当你买第一套房子时你或许就能得到,期限不是15或者20年,而是30年

耶鲁公开课 - 金融市场课程节选

just exactly a year ago--saying, the best time in at least ten years to buy a house.

在电视上说，一个持续10年的买房子的好时候。

耶鲁公开课 - 金融市场课程节选

When you buy a house, you borrow the money and you pay it back in fixed-- it would usually be monthly, but let's say annual payments.

当你买了一座房子,你贷了些款,然后你在一定的时间内偿还一部分,一般来说都是按月来算的,但是假设我们是按年支付的

耶鲁公开课 - 金融市场课程节选

That's because, well, when you buy your first house you might be twenty-five, so thirty years brings you to age fifty-five; that's close enough to retirement.

这是因为,你可能在25岁时买第一套房子,当还清30年的贷款时你已经55岁了,都快退休了

耶鲁公开课 - 金融市场课程节选

If you buy a house and you don't pay the mortgage, the contract says you lose the house-- you're out--you've got to pay or it goes back to the mortgage originator.

如果你抵押贷款买房,却没有还房贷,贷款合同规定,你将被取消赎回权,失去房子,所以你必须偿还贷款,否则你的原始贷款人就会收回房子

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The idea was that a lot of people can't afford a house -let's all get together and pool our money -in a Building Society or Saving and Loan Association -and then we'll loan out to some of us to buy the house.

当初的想法是,很多人都买不起房子,那我们就把钱凑在一起,放到一个建房互助协会或储贷协会里,然后向我们中那些要买房的人发放贷款

耶鲁公开课 - 金融市场课程节选