but other people have been asking that question.

但其他人都在问这个问题
We certainly found evidence of high--

我们的确发现了
of increasing demand in prices.

价格变化是由于需求增长的证据
It could be that people are chasing after--chasing the trends.

是基于人们对趋势的追求
But it could be also that the expectation

但也可能是由于某种预期
of the liquidation value of the house was going up

即房屋的流动价值会增加
and made them feel safer about the borrowing.

以致进行贷款感觉更加安全
The riskiness of mortgage applications is increasing in past price.

在过去价格下按揭申请者风险增加
Everybody wants to buy more expensive homes,

大家都想购买更贵的房屋
but--that we documented, and as I mentioned,

我们记录过正如我提到过的
there's this disjunction between the two.

两者之间没有交集
That's sort of a--kind of a flavor for how a professor and

这就是一个教授