Part of--this is the--it's not loan-to-value ratio-- this is the ratio of mortgage debt to personal consumption expenditure.

这并非贷款价值比率的问题,一定程度上,是抵押率的问题,即负债对个人消费支出的比率

耶鲁公开课 - 金融市场课程节选

we have consumers under pressure because of their overextension of credit and they're having overpaid for houses over the last handful of years.

一些承受压力的消费者,因为过度贷款,他们不得不在过去的几年时间里,在买房子的时候花费了更多的钱。

耶鲁公开课 - 金融市场课程节选

You can see that in the early 1950s mortgage debt was only something like 25% of personal consumption expenditure, but now it's up to about 100%.

抵押贷款在20世纪50年代,只占个人消费支出的25%,现在却占到几乎100%

耶鲁公开课 - 金融市场课程节选

Saving and Loan Associations, by the way, no longer exclusively limit themselves to mortgage lending -either they do home improvement lending and auto loans and the like as well.

顺便提一下,储贷协会,现在也不仅限于发放抵押贷款,他们也发放住房装修贷款,及汽车消费贷款之类的

耶鲁公开课 - 金融市场课程节选