level 12
Where the hurt is
Why house prices in global cities are falling
梧桐
伤在何处
国际大都市房价为何下跌
level 12
贴吧用户_0MK1VWV
楼主
Buttonwood
Where the hurt is
Why house prices in global cities are falling
梧桐
伤在何处
国际大都市房价为何下跌
2018年11月20日 00点11分
2
Where the hurt is
Why house prices in global cities are falling
梧桐
伤在何处
国际大都市房价为何下跌
【沙发】
2018年11月20日 00点11分
level 12
贴吧用户_0MK1VWV
楼主
CENTRE POINT, a tower that looms over central London, was empty for so long in the 1970s that it lent its name to a homelessness charity. Recently it was converted from offices to flats. Half are yet to find buyers. So the developer has taken them off the market pending a clearing of the political fog over Britain. Its boss complained to Estates Gazette, a trade paper, of bids that were “detached from reality”. One-bedroom flats were on sale for £1.8m ($2.4m).
上世纪70年代，矗立在伦敦市中心的中心点大厦（Centre Point）因为长期空置，连名字都借给了一间游民慈善机构。近些年，它从写字楼改成了公寓楼，其中一半公寓还未卖出。于是开发商将它们从市场中撤出，等待英国政治的迷雾消散。它的老板向一家行业报纸《地产公报》（Estates Gazette）抱怨买家出价“与现实脱节”。一居室公寓售价为180万英镑（240万美元）。
Even flats with less hefty price tags have been hard to shift lately. Property prices in London are falling. Sellers are waiting for better prices. It is tempting to put all the blame on Brexit, but that would ignore the broader picture. House prices in big global cities increasingly move together. What happens in London has a growing influence on what happens in New York, Toronto and Sydney—and vice versa. And trouble is brewing in some of these other markets, too.
即便是价格不那么高昂的公寓近来也难以出手。伦敦的房价正在下跌。卖家待价而沽。把所有责任都推到英国脱欧头上的确很省事，但这会让人看不到更普遍的趋势。国际大都市的房价走势越来越趋于一致。伦敦的情况对纽约、多伦多和悉尼的影响越来越大，反之亦然。而在其他一些市场中，麻烦也在酝酿。
Property used to be thought of as an inflation hedge. But in recent years it has become a substitute for low-yielding Treasury bonds—a safe asset in which the globally mobile can store their wealth. After years of rapid price rises, houses in the most favoured markets are overvalued. Rising bond yields, tighter mortgage credit and shifting politics are now combining to push prices down.
房地产曾被认为是通货膨胀的对冲手段。但近些年，由于国债这种可供行走全球的人储存财富的安全资产的收益率走低，房产成了国债投资的替代品。在经过多年的房价快速上涨之后，在那些最受青睐的市场上房价都已被高估。目前债券收益率上升、抵押贷款收紧，以及政治格局的变化正在合力拖低房价。
2018年11月20日 00点11分
3
上世纪70年代，矗立在伦敦市中心的中心点大厦（Centre Point）因为长期空置，连名字都借给了一间游民慈善机构。近些年，它从写字楼改成了公寓楼，其中一半公寓还未卖出。于是开发商将它们从市场中撤出，等待英国政治的迷雾消散。它的老板向一家行业报纸《地产公报》（Estates Gazette）抱怨买家出价“与现实脱节”。一居室公寓售价为180万英镑（240万美元）。
Even flats with less hefty price tags have been hard to shift lately. Property prices in London are falling. Sellers are waiting for better prices. It is tempting to put all the blame on Brexit, but that would ignore the broader picture. House prices in big global cities increasingly move together. What happens in London has a growing influence on what happens in New York, Toronto and Sydney—and vice versa. And trouble is brewing in some of these other markets, too.
即便是价格不那么高昂的公寓近来也难以出手。伦敦的房价正在下跌。卖家待价而沽。把所有责任都推到英国脱欧头上的确很省事，但这会让人看不到更普遍的趋势。国际大都市的房价走势越来越趋于一致。伦敦的情况对纽约、多伦多和悉尼的影响越来越大，反之亦然。而在其他一些市场中，麻烦也在酝酿。
Property used to be thought of as an inflation hedge. But in recent years it has become a substitute for low-yielding Treasury bonds—a safe asset in which the globally mobile can store their wealth. After years of rapid price rises, houses in the most favoured markets are overvalued. Rising bond yields, tighter mortgage credit and shifting politics are now combining to push prices down.
房地产曾被认为是通货膨胀的对冲手段。但近些年，由于国债这种可供行走全球的人储存财富的安全资产的收益率走低，房产成了国债投资的替代品。在经过多年的房价快速上涨之后，在那些最受青睐的市场上房价都已被高估。目前债券收益率上升、抵押贷款收紧，以及政治格局的变化正在合力拖低房价。
【板凳】
2018年11月20日 00点11分
level 12