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◎房地产周期是缓慢的,但振幅很大,并且在反转向下的时候会变得很可怕。房地产业回报最高的是萧条期间的购买行为,但可能让人感到惊讶的是,谁会赚到这么大笔的钱呢?这通常不是房地产业的专业人士。◎房地产周期的高峰和股票及商品市场的高峰没有非常直接的联系,但是每一次房地产危机则与整体经济的恶化是一致的。◎房地产市场存在短期的波动,但主要的萧条平均每隔18年,或者可能20年才会出现。正是房地产市场引起了这个长周期……
The real estate cycle is slow, but the amplitude is large, and when the reverse turn down can become very scary. Real estate is the most rewarded buying activity during the recession, but perhaps surprising is who will make such a large sum of money? This is usually not a real estate professional. ◎ The peak of the real estate cycle is not directly related to the peak of the stock and commodity markets, but every real estate crisis is consistent with the deterioration of the overall economy. There are short-term fluctuations in the real estate market, but the major recessions occur on average every 18 years, or maybe 20 years. It is the real estate market that has caused this long cycle ...