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39,39
leeway ['li:wei]
n.余地
unfancied
adj. 不可能赢的
overstretched
过度扩张
The falling down of sales volume mainly comes from the government's limitation on the quantity of what residents can own. It may be regarded as a soft landing of the real estate market. Even though the market exists a bubble, I don't think it is big enough to burst with a pop. If the price slumps, the limitation policy is expected to be cancelled.
As for the price index, I think there are some exaggerations in it. I remember that once I came to a housing bureau and found the house price shown on the board was lower than the real amount buyers paid. I guess some amount is extracted from the data, such as tax or something like that. And the tax is an automatic stabilizer. With less money to afford to buy the house, less tax is to be paid. Thus, the basic data gathered by the bureau will fall slower than what we feel. For the network focusing on property, it surely knows the importance of keeping house transactions active, and unwillingly to show a stagnating situation. If the data can be shown in a bright side, it is almost all the case, which is quite different with the motives in a surging market. Therefore, what presented before us is a not so fluctuating index.
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