Look what the housing--the blue line shows what home prices in real terms have done in Los Angeles over the last thirty years.

看看房地产的情况...那条蓝线,显示了在过去30年中以实际价格计算的,洛杉矶房屋价格走势

耶鲁公开课 - 金融市场课程节选

So, you can confirm that for yourself at home, but in fact, if I draw a straight line, this will actually be correct.

你要是不信回去自己验证一下,事实上我画成直线,是绝对正确的

耶鲁公开课 - 博弈论课程节选

I constructed a series of home prices -that's the red line and the red line is -you can see how it's moved through history.

我绘制了一条房屋价格的时间序列曲线...,就是那条红色的线,你可以看到它的历史走势

耶鲁公开课 - 金融市场课程节选

The red line is the Halifax Home Price Index for greater London we're talking UK now.

红色线表示的是哈里法克斯伦敦住宅价格指数,现在说到了英国

耶鲁公开课 - 金融市场课程节选

Here, the blue line is the Case-Shiller Home Price Index for greater Boston.

蓝色线代表,"科斯-席勒"波士顿住宅价格指数

耶鲁公开课 - 金融市场课程节选

It has dropped precipitously and you note that the pink line, which shows the rate of growth of home prices, the rate of growth of home prices, has fallen just right along with the traffic of homebuyers.

而且跌的很突然,再看粉色线,粉色线代表了房价增长率,房价增长率,与购房者残参观量一样下跌

耶鲁公开课 - 金融市场课程节选