He has a new name for it -I think it's called Home Equity Protection Corporation -but almost the same idea.
他已经想出了一个新名字,我想应该是叫做住房资产保护公司,但是这几乎跟房主贷款公司是一样的
the Ministry of, or the Department of Housing and Urban Development working on... various issues that way.
住房和城市发展部,研究……各种不同的问题。
Then I want to talk about mortgages, which is the way that we finance both commercial and owner-occupied real estate.
然后再讲一下抵押贷款,它可以为,商业地产和自住房产提供融资
And so ,therefore if people want more houses in Dallas or Huston, the builders just build more houses, t rise.
所以说,如果在达拉斯和休斯顿要更多住房,建房者就建更多的房,房价不会上涨,and,the,prices,didn’
To require him to pay, let's say, a third of his earnings to the government to support good causes like food and health care and housing and education for the poor, that's coercion, that's unjust.
假设,让他拿出三分之一的收入,交给政府来支持公益事业,为穷人提供食物,医疗保障,住房和教育,这就是强迫,是不公平的。
Subprime" Refers to the mortgages that were made mostly over the last ten years or so to subprime borrowers.
次贷"指的是,大约在最近10年中,提供给次级借款人的,住房抵押贷款
I don't think the housing industry, in general,is a good place to be because of its, sometimes,violent cyclicality.
我认为总的来说住房工业,不是一个好的投资品种,因为它时常有着强烈的周期性
We don't have really much of any direct exposure to homebuilders or to the housing industry.
我们并没有直接投资很多,在建筑或住房工业领域
When the housing market is in decline, the ability to sell houses drops dramatically.
当住房市场衰退时,房屋销售量就会急剧下降
There's also commercial real estate, which is smaller than owner-occupied homes, but we own that indirectly too, as a people, through the stocks that we own and through the institutions we participate in.
除此之外还有商业地产市场,它比自有住房市场要小,但人们也可以间接持有商业房产,人们可以通过持有股份,及参加一些机构的方式来持有商业地产
One is building new houses, another one is building new apartment buildings that's commercial instead of-- but it's still adding to the housing stock and the third one is improvements of existing houses.
一种是新建家庭住宅,另一种是新建公寓,用于商业用途而非...,也是存量住房的一部分,第三种是现房改造
Homes just stay where they are, so we have far fewer accidents, so they don't have to charge as high a premium for the insurance.
而住宅则是固定的,所以发生事故的情况也更少,这就导致保险公司对住房保险收取的保费,不会太高
The total of the premia collected on automobiles is about- is much bigger, like five times bigger, than of the premia they collect on homeowners.
保险公司在汽车保险上的保费收入,大大多于,大概是6倍于,在住房保险上的保费收入
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
Well, that's because the housing market is now in decline.
因为住房市场正在衰退
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