Then I see you link a story about him licensing his name to buildings. He doesn't even have any risk then does he? That's pretty smart. Sears has tons of prime real estate that they own if I'm not mistaken. How's that working out for them?
Look at this shit and tell me... I'll bet Denny calls it "Fake News". Look at all this DEBT @Denny Crane!! And you think this guy should be in charge of the economy with all of his DEBT...? What Donald J. Trump Owns and Owes By FORD FESSENDEN and IARYNA MYKHYALYSHYN AUG. 20, 2016 The Republican presidential nominee has an interest in more than 30 U.S. properties, roughly half of which have debt on them. Debt on properties Mr. Trump owns or leases PROPERTY/LOCATION/DEBT OUTSTANDING 40 Wall Street/ Manhattan/ 157,400,000 Trump International Hotel/* Washington/ 127,000,000 Trump National Doral golf resort/ Miami/ 125,000,000 Trump Tower/ Manhattan/ 100,000,000 Trump International Hotel/ Chicago/ 45,000,000 167 East 61st Street/ Manhattan/ 14,500,000 Trump Park Avenue/ Manhattan/ 12,495,000 Trump National Golf Club/ Colts Neck, N.J./ 11,700,000 4-8 East 57th Street "Niketown"/ Manhattan/ 10,600,000 Seven Springs estate/ Mount Kisco, N.Y./ 8,000,000 Trump National Golf Club Washingto Potomac Falls, Va./ 7,600,000 Trump International Hotel and Tower/ Manhattan/ 7,000,000 Trump International Hotel**/ Las Vegas/ 3,200,000 1094 South Ocean Boulevard/ Palm Beach, Fla./ 250,000 124 Woodbridge Road/ Palm Beach, Fla./ 250,000 *This construction loan was for $170 million. The Trump Organization and Times sources confirm roughly $127 million has been drawn down on. **This loan was worth $110 million in 2010. The Trump Organization says a Trump entity is responsible for $3.2 million of the debt outstanding. The Times could not confirm this. Debt associated with Mr. Trump's limited partnerships/investments PROPERTY/ LOCATION/ PRC OWNED/ DEBT OUTSTANDING 1290 Avenue of the Americas/ Manhattan/ 30/ 950,000,000 555 California Street/ San Francisco/ 30/ 589,000,000 Starrett City &Spring Creek Towers/ Brooklyn 4/ 410,000,000 Other: An internal Trump Organization corporate loan, which Mr. Trump says is worth more than $50 million. Sources: RedVision Systems, Securities and Exchange Commission, New York Times, Bloomberg data, Trump Organization. The New York Times compiled these debt estimates using bank documents, public filings and through interviews with the Trump Organization and people familiar with the debt who asked not to be identified because they were not authorized to speak on the record about it.
Regular everyday people have debt on a much smaller scale. My friend at work bought a new Rav4 2 years ago interest free. His dumbass wife took 15 grand they had in the bank and paid it towards the debt.... Then she lost her job six months later. Whatever Trump does or doesn't have he's been living like a king for years and years and years. It would be amazing to even think about owing anyone 150 million dollars.
Look at all that I don't know if it's cognitive dissonance or what but he owes fucking 100 MILLION on Trump tower. Amazing to OWE 150 million???? WTF are you talking about??
Done. Message to the Comish, "Standing and acknowledging the flag is a long standing tradition showing you are an American above all else. If you can not show you are an American first before any other causes, you are not on my team, no matter how worthy your cause."
Propagada. Trump owns Trump Tower. He does owe $100M on the mortgage. https://www.nytimes.com/interactive...nald-trump-owns-and-owes-debt-properties.html
https://en.wikipedia.org/wiki/Trump_Tower Due to a $100 million debt incurred on Trump Tower, Forbes magazine calculated the tower's net worth at $371 million, excluding the Trumps' three-story penthouse,[43] which has a net floor area of 10,996 square feet (1,021.6 m2).[44] https://www.forbes.com/sites/chasew...about-the-size-of-his-penthouse/#2cfc32f1ef82 No Trump spokesperson would comment on any of this, so using the correct square footage, we estimate the president's pad is worth $64 million,
Thanks. Cognitive dissonance was featured prominently by the person who loves to use the phrase. I owe 380 thousand dollars on a house I bought two years ago. I could sell it for 480 or more today. I wish I had 1000 of them that I owed that much on. As long as I could pay the notes until I sold or rented them.
I don't even know if all of those huge debts are on things worth more than is owed but it probably is.
Ha! Consolidated Freightways owned thousands of properties all over North America up until a few years ago. The property tax overwhelmed the cash flow value of the properties. They changed the business model, spun off a new company to receive asset of value to the new model and cut the cord to the old company. Declared it Bankrupt. Now collect a tax on those freight yards in shitsvill USA.
To be fair, you corrected your own "fake news" article about Trump not owning Trump Tower. Also to be fair, debt is a good thing if it's used to leverage assets. If you're borrowing to pay your rent, you're fucked.
Also to be fair, if Trump is worth $3.5B, it means he owns something like $10B in assets and $6.5B in liabilities (loans). https://www.forbes.com/donald-trump/#138c991d2899
The though has occurred to me that the guy could go fly around the world in his private plane (superior to Air Force One) and spend his money frivolously. But he chose public service, to run for president. Ego? Perhaps. But still, I think that's only part of his motive (if at all).
Leverage! The beauty of that is you get, 100% of the appreciation. Neat if the income generated pays the interest as you go. At todays rates, that's not hard.
No, I suspect, he actually wants to use that talent to help. I don't see that talent calling anywhere else.
@dviss1 If you buy a $100,000 house with 10% down, you've got $10,000 of skin in the game. If the house appreciates 5%, it went from $100K to $105K. You made $5K on your $10K investment, or 50% return. That's the power of leverage. Even though you have $90K in debt on the place, you can sell it and get $15K out (minus commissions, you'd probably end up losing money selling so early). As MarAzul says, if you can get rent on that $100K house, enough to pay the mortgage payment, you do get that 50% return. If you live there, you pay the mortgage, like you'd have to pay rent anyway, and you still own the asset and that 50% return. If you borrow to buy $5K worth of food and eat it, it literally turns to shit that you flush down the toilet. You're out the $5K you borrowed AND you now have monthly payments on your credit card, crimping your style. You owned the shit before you flushed it. Now you own squat.
