而且许多人拥有的房产价值都为负。

Many people also have negative equity in their homes.

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该系统周围庞大充盈的流动资金被用于购买已有的房产，而不是用于新建。

The enormous amount of liquidity sloshing around the system was directed at acquiring existing properties rather than building new ones.

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一些人估计，以正常的销售速度，清售现在银行拥有的房产需要超过8年。

By some estimates, it will take more than eight years of normal sales to clear the stock of houses now held by banks.

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