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Xinyuan Real Estate Co., Ltd. Message Board

  • johndrew101 johndrew101 Apr 22, 2013 4:40 AM Flag

    US comparison to XIN..

    it seems the major wall street players are still content on scaring investors with bubble talk. It all can be explained this way: in the US, the guy who worked at McDonald's' could buy a $300,000 house with no down payment. not only that he could also purchase 2 or 3 rental houses on his McDonald's salary. his payments are interest only with a gigantic balloon payment in which he cannot afford or refinance. Then he loses his job at McDonald's and there goes his houses back to the bank, but he never should have owned them in the first place. ..... ...Now in China, they are increasing the down payment, making sure the person who is buying them is not over-extending himself and can afford it., those are steps to eliminate what happen in the US, not a bubble... I am adding to my position on dips.. but just thought this is hilarious.

    Sentiment: Strong Buy

4.95+0.06(+1.23%)Jul 22 4:02 PMEDT