These two factors – low mortgage rates, and the fact that the country has filled up so much that our cars no longer marginalize location costs – go a long way toward explaining the surge in housing prices over the past decade or so. But they don’t go all the way.
这两个因素—低贷款利率和这个国家已经如此拥挤以至于汽车再也无法使区位成本边际化的事实—是解释房价在过去十年左右飙升的重要方面。但这毕竟不能完全解释这一现象。