Back in 1988, when we started this study, we asked realtors around the country, what is the hottest market in the United States?

回溯到1988年,那时我们刚开始这项研究,我们问遍了整个国家的房产中介,在美国最炙手可热的市场是哪里

耶鲁公开课 - 金融市场课程节选

We want a life in which we're accomplishing things, there's agency, and the life of knowing things.

我们想要充满成就的生活，生活要有中介，我们想要能获得知识的生活。

耶鲁公开课 - 死亡课程节选

An intermediary is a bank, so when they pull out of banks they were disintermediating and going from banks into REITs.

这里的中介就是指银行,所以人们将资金从银行转向REITs,就是去中介化

耶鲁公开课 - 金融市场课程节选

Although, in some sense, it wasn't really disintermediation because you could say a REIT is a different kind of intermediary between the individual and the investment.

某种意义上这不是真正的去中介化,因为你也可以说REITs是另一种,个人投资中介

耶鲁公开课 - 金融市场课程节选