房價與荷包
Real estate accounts for a large amount of individual and business wealth in any country.
任何國家的個人和企業財富中，房地產的佔比都相當大。
individual(n.)個體、個人account for 佔～比例wealth(n.)財富
As a result, there is a close relationship between real estate and national economies.
因此，房地產和國家經濟之間有密切的關聯。
as a result因此、作為結果
In general, the prices of real estate can have an effect on people’s economic behavior.
一般而言，房地產價格可能會對人們的經濟行為產生影響。
in general一般而言 (=generally=usually=generally speaking)have an effect on對～有所影響economic(adj.)經濟的economical(adj.)節儉的(=frugal)behavior(n.)行為best behavior乖巧、行為端正
When real estate prices rise, individuals are likely to borrow and spend more money while saving less.
當房地產價格上升時，個人傾向借、花更多錢，並減少儲蓄。
borrow money借錢lend money借出錢spend money花錢save money存錢spend(v.)花費 (spend-spent-spent)spend time花時間I’m spent. 我已經精疲力竭了。
This is because property owners feel confident that their wealth is growing, which leads directly to increased spending and investment.
這是因為擁房族對自己的財富增長一事相當有把握，而這直接導致了支出和投資的增加。
confident(adj.)自信的wealth(n.)財富wealthy(adj.)有錢的、富有的the wealthy有錢人lead to導致(=cause)
In countries where consumer spending is an important part of the economy, this can cause a ripple effect that offers economic benefits for the whole country.
如果是發生在經濟以消費支出為重的國家，則可能導致漣漪效應，為整個國家帶來經濟效益。
ripple effect 漣漪效應、連鎖效應benefit(n.)利益、好處
On the other hand, if real estate prices start to fall, consumers will be more careful with their money.
另一方面，如果房地產價格開始下跌，消費者理財上就會更為保守。
on one hand…on the other hand…在一方面～另一方面～be careful (with O)小心（處理～）
This can affect a country’s economy because of less spending leading to less economic growth.
這之所以會影響到國家的經濟，因為消費減少會導致經濟成長趨緩。
affect(v.)影響effect(n.)影響growth(n.)成長decline(n.)衰退
Additionally, the national economy can cause real estate markets to suffer.
此外，國家經濟可能會危及房地產市場。
Poor economic conditions, inflation and high interest rates usually affect the number of people willing to invest in real estate.
經濟不景氣、通貨膨脹和高利率通常會影響願意投資房地產的人數。
condition(n.)條件poor economy經濟不景氣recession(n.)衰退;經濟不景氣depression(n.)憂鬱;經濟蕭條