That is good news, because there is a pretty strong chance that we are going to see major price declines in a number of cities around the globe in the next few years, and these price declines will cause real pain to many homeowners. But if the momentum toward better risk management continues, it will be the last real estate cycle in which homeowners are unable to protect themselves.
这是个好消息，因为我们极有可能在未来几年见证全球一些城市房价的大幅下跌。这样的跌幅会给许多私房拥有者造成真正的痛苦。但如果更好的风险管理以现有态势继续发展，这就会是房屋所有者无法保护自己的最后一个不动产市场循环。