You can see that in all these countries real estate prices didn't show much trend until recently and now they all have real estate booms.

由图表中可见,这三个国家的,地产价格一直没有明显趋势,只是近年来才出现繁荣

耶鲁公开课 - 金融市场课程节选

This is not just a U.S. Phenomenon; many countries around the world are experiencing home price booms and the beginnings of what might be a home price bust.

这个现象并非美国独有,世界上其他国家,也正经历房价暴涨,甚至是崩溃

耶鲁公开课 - 金融市场课程节选

Well, you can see the pink line shows the employment in Los Angeles, and indeed, it did move around corresponding to the booms and busts in the Los Angeles market but not so dramatically.

你可以看到那条粉线,表示了洛杉矶的就业情况,实际上,它紧随着洛杉矶市场,兴衰变动,只不过没有那么显著

耶鲁公开课 - 金融市场课程节选

They both had dramatic booms.

两地房地产都曾经历鼎盛时期

耶鲁公开课 - 金融市场课程节选