Two decades ago, it was considered to be non-existent. Then studies found that changes in property values did affect spending, but by less than changes in share prices did.
二十年前人们还认为不存在房产财富效应，后来虽然有研究发现了房产价值变动对消费支出的影响，但比股价变动而产生的影响要小得多。
Easily prices lost some market share will affect the circulation, thereby affecting the volume of ads.
轻松价格失去了一些市场份额，会影响血液循环，从而影响了广告量。
Easily prices lost some market share will affect the circulation, thereby affecting the volume of ads.
轻松价格失去了一些市场份额，会影响血液循环，从而影响了广告量。
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