就拿消费情况和住宅价格泡沫化严重的加利福尼亚州来说。
Take California, where the consumption and housing bubbles were especially pronounced.
中国的住宅价格预计将在2010年上半年坚实的上升，因此促使当局更积极介入，以防止资产泡沫的形成。
China's residential property prices are expected to post solid rises in the first half of 2010, so prompting authorities to step in more aggressively to prevent an asset bubble from forming.
本文利用住宅市场的供求关系理论，解释了投机需求对住宅市场价格的影响以及价格泡沫的形成机制。
Based on the demand - supply theory, the paper explains the effect of speculative demand on housing price and the formation mechanism of price bubbles.
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