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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 ...
7 v2 t1 g( x1 L& t5 P$ fThis 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.; G! m. M# A' `, `$ Q
7 k9 A9 b* v" Q7 _9 s! _0 K" wThe risks to the current market: ( J: ?# E, W% m' |1) Mortgage rates go up: I" z# O4 M% M0 t' X
2) Oil price dropps 1 b4 ]2 A$ M* N* h3) Less influx 5 u+ j9 @1 u6 [' U6 w4) Speculators quit