On top of these two powerful fundamental factors sits a bubble. The bubble is filled by people with money who are buying extra houses because they think home prices will continue to rise, and by people without money who are buying $400,000 houses in less-fashionable neighborhoods with zero percent down and floating interest rates.
在这两个重要的根本因素之上还浮着一层泡沫。这层泡沫的制造者是那些认为房价会继续上涨因而购置富余住房的有钱人，和那些以零首付和浮动利率贷款的方式在不那么高级的地段购买40万美金左右的房产的没钱的人。