原帖由 WST 于 2007-6-15 21:45 发表 8 U$ o. s# o0 |' U/ X, A$ w; S6 h- I4 c# C) g8 ], C) q
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同意dgg的观点, 对于affordability,我补充一下。Affordability 主要是以房价和收入比来衡量。通常,收入以税前的工资为标准。这种算法实际上比较片面,特别是对爱城,因为很多家庭的被动收入(房地产,股票 ...
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This is a good explanation to how real estate bubble forms. The market feeds itself to push the prices up, but eventually it will reach turning point, and the bubble bursts.4 H# ?+ j' C3 {" }+ `
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The risks to the current market: 7 D6 a" k7 K0 }4 i1) Mortgage rates go up + ^ Y. D$ o& r) u3 l) d( [! X2) Oil price dropps% P a+ \" k: |$ E: N. ]
3) Less influx & _. E# ~& A& g0 h# b4) Speculators quit