You said,if we invest in real estate The question is how we've dealt with decline in housing prices.

您提到过,耶鲁也有地产投资,提问是,我们是怎样应对房价下跌的

耶鲁公开课 - 金融市场课程节选

It arose from the beginnings of the housing bubble -the real estate bubble that we're now in.

而是源自房地产泡沫的初现,也就是如今的房地产泡沫

耶鲁公开课 - 金融市场课程节选