bonds were a decent investment, but they were--

债券投资看起来还不错但是
people were really wondering what are we going to put my money in.

现在人们真的不太知道该把钱投向哪里
A lot of people thought housing, although a modest growth

尽管在这些城市房地产的增幅不大
in many of these cities, housing might not be such a bad thing.

许多人认为投资房产会是个不错的选择
When you think about it, if you're sitting in the year 2000

试想你现在身处2000年
having just been burned by the tech bubble,

正因为技术泡沫而焦头烂额
and you're saying, "How am I going to save for myself and my family?"

你会说"怎样拯救我和我的家庭"
You know, why not put your money in your house?

为什么不投资房产呢
At least you can watch the asset, you can take care of it,

至少这些资产是看得见摸得着的
you can improve it, granted you have to pay takes on it

你能好好改善资产虽然要上税
and you have to fix it up, and it's not very liquid.

需要日常维护并且流动性不好
But you balance these things off, it might be--

但是权衡一番之后你会发现