Real estate is one of the important carriers of asset price bubble, and the collapse of housing bubble will cause great damage to finance and economy systems.

房地产是资产价格泡沫的一种主要载体，而房地产泡沫的破灭则会给金融体系和国民经济造成巨大危害。

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Real estate bubbles may result in bubble economy. Once the bubbles burst, the impact on the economy of a country or a region would be severe.

房地产泡沫有可能演化为泡沫经济，一旦泡沫破灭，将给一个国家或地区的经济带来严重后果。

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As also happened in Japan, that growth model has led to the buildup of stress points in the domestic economy: a bubble in the real-estate sector and bad loans in the Banks.

这样的情况同样曾发生于日本，这种经济增长模式导致将着力点放到国内经济上，由此带来房地产泡沫和银行的坏账问题。

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On the other hand, due to the high oil prices and the bursting of real estate bubble, the USA economy is recently giving strong signals of a forthcoming stagflation: a recession with increasing inflation rate.

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Until late in 2011, the focus of policymakers in China was on tamping down inflation, stocked by a surge of stimulus spending in 2008-2009 that led to a real estate bubble and an overheated economy.

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In the case of the U.S. economy now, the double-whammy of wealth shocks from the real-estate bubble and the stock-market crash has made consumers understandably cautious.

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