正文
▇
House prices in big global cities increasingly move together.
What happens in London has a growing influence on what happens in New York, Toronto and Sydney
—
and vice versa
.
And trouble is brewing in some of these other markets
(与前面的
house market相对应,指其他市场
)
, too.
【
Property used to
be thought of as an inflation hedge
(为避免金钱损失的防范措施,建议识记)
. But in recent years it
(代指)
has
become a substitute for low-yielding Treasury bonds
—a safe asset in which
the globally mobile
can store their wealth.
】
After years of rapid price rises, houses in
the most favoured markets
are overvalued. Rising bond yields, tighter mortgage credit and shifting politics are now combining to push prices down.
(这句话有可能能够成为中心论点,因为其包含了三个疑似论点。)
▼
单词识记:
▷favoured /ˈfeɪvəd/:
其一,
receiving special attention, help, or treatment, sometimes in an unfair way,受到优待的、得到偏爱的,【例】China’s most-favored-nation trading status with the US
其二,