在全球金融危机期间,克莱顿房屋为什么能独善其身?巴菲特揭晓了谜底:公司会比较借款人的实际收入和还款金额,只有收入高于还款的时候,公司才会放款。此时,无论房价涨跌,借款人都不至于断供。
巴菲特:我们的借款人,大多收入不高、信用评分不高,为什么能表现如此出色?答案很简单,就是遵循贷款的基本原则。我们的借款人只看抵押贷款全额还款与他们的实际收入(不是期望收入)相比如何,然后决定他们是否可以接受这笔开销。简单地说,无论房价是涨是跌,他们都打算还清抵押贷款。(2008年)
原文:Why are our borrowers — characteristically people with modest incomes and far-from-great credit scores — performing so well? The answer is elementary, going right back to Lending 101. Our borrowers simply looked at how full-bore mortgage payments would compare with their actual — not hoped-for — income and then decided whether they could live with that commitment. Simply put, they took out a mortgage with the intention of paying it off, whatever the course of home prices.(2008)
释义:1.“elementary”意为“初级的”;“Lending 101”意为“贷款基本原则”;
2.“commitment”意为“花费”。