Then the maximum value I can get is the maximum value of what I had.
我获得的最大值,就是我现有的总值。
Right now the total value of single-family homes in the United States is about twenty trillion dollars and the market has been becoming increasingly speculative.
如今,美国家庭的,房产总值,接近2万亿美金,而且,市场变得越来越投机
All right now, now what I'd like you to do is just sort of do a guestimate in your mind of the percentage errors you might have made overall in these estimates, and I'll come back and ask you in a minute.
好了,现在,现在我希望你们,在脑海中估算下你们预测的百分误差,你们可以就总值做一个估算,我会在一分钟后问你们
This is residential investment in the United States as a fraction of GDP.
美国国内生产总值的一部分,就是住宅投资
You can see that residential investment, as a fraction of GDP, has been very variable through history of the United States since World War II and that it's had a strong relationship with recessions.
住宅投资要计入,国内生产总值,纵观美国自二战以来,这部分投资,变动很大,而且与衰退存在着密切关联
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
Stocks owned directly by households are only about six trillion.
居民直接持有的股票总值,只有六万亿美元
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