Of course, other stocks are held by institutions on their behalf, but in terms of direct ownership, homes are the main thing that people own.

当然,他们还通过金融机构,间接持有股票,但从直接持有的角度来看,人们拥有的主要财产就是住宅

耶鲁公开课 - 金融市场课程节选

For a typical household, the home is the major source of wealth that they've accumulated.

对于一个典型的家庭来说,他们积累的财富主要就是住宅

耶鲁公开课 - 金融市场课程节选