2015考研英语阅读戳破房地产泡沫_大学英语阅读

2015考研英语阅读戳破房地产泡沫

　　The ratio of house prices to rents is 65% above its historical average in Norway, 44% above itin Finland and 43% in Britain. Incomes are also failing to keep pace, with the price-to-incomeratio 46% above its long-term average in Belgium and 27% in France. Things look even moreoutlandish in some cities. Apartment prices in Stockholm have risen 11% over the past year,after climbing 9% the year before; homes in London went up by 19%, thanks in part to foreignspeculators.

　　在挪威，租房的价格也高于历史水平65%，在法国和英国这个数字分别为44%和43%。人们的收入却是未能跟上这样快的增长步伐，在比利时，房价收入比已高于其长期平均水平的46%，同样的在法国，这个数字也已达到了27%。在其他一些城市，房价越发的剑走偏锋。斯德哥尔摩的公寓价格自去年上涨了9%之后又; 于去年一年内上涨了11%。伦敦的房价上涨了19%，着一定程度上要归功于外国的炒房者。

　　Household debt is also hitting new records, as people take on bigger mortgages. In Norway,where the price of homes has risen fourfold since 1995, households now owe creditors twotimes their annual income after tax. Americans used to be far more indebted than Europeans.But Americans debt is now below 105% of income after tax, whereas that of euro-zonehouseholds is almost 110%. You cannot know you re in a bubble, but you can know that debthas moved too far, says Urban Backstrom, a former governor of the Riksbank, Sweden scentral bank. However, expectations that borrowing will stay cheap and not enough new homeswill be built continue to push prices higher.