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Another NYT hit piece, aimed at the uninformed masses. All it talks about are the loans, without taking into account the assets. The real estate business is completely different than owning a company like IBM. As a small real estate investor, I can tell you that the more "debt" I have access to, the more money I make. That goes with the territory. If I owe $1M on a property worth $2M, sure, I am a million dollars in debt, but I also own a million dollars in assets. For this disengenuous article to cite loan after loan without including the value of the assets, makes me believe that the author only wrote the article to bash Trump.
Another NYT hit piece, aimed at the uninformed masses. All it talks about are the loans, without taking into account the assets. The real estate business is completely different than owning a company like IBM. As a small real estate investor, I can tell you that the more "debt" I have access to, the more money I make. That goes with the territory. If I owe $1M on a property worth $2M, sure, I am a million dollars in debt, but I also own a million dollars in assets. For this disengenuous article to cite loan after loan without including the value of the assets, makes me believe that the author only wrote the article to bash Trump.
You are not his target audience.
He needs those who have no experience on the subject that will see him as an expert.
They will buy into his opinion and not question it. They don't know how to question it.
It is a similar tactic used in economics to present a flawed theory as proof to whatever position they are selling. Write the theory to fit. Convince people it works and provide only the data that supports it working.
Yes, the target audience is the hopelessly uninformed. You know, the kind of people that don't know the difference between income, and other types of revenue. The ones that can be conned into believing that if you don't pay income tax, you aren't paying any taxes at all.
Another NYT hit piece, aimed at the uninformed masses. All it talks about are the loans, without taking into account the assets. The real estate business is completely different than owning a company like IBM. As a small real estate investor, I can tell you that the more "debt" I have access to, the more money I make. That goes with the territory. If I owe $1M on a property worth $2M, sure, I am a million dollars in debt, but I also own a million dollars in assets. For this disengenuous article to cite loan after loan without including the value of the assets, makes me believe that the author only wrote the article to bash Trump.
Leverage cuts both ways. Look at what happened during the mortgage crisis. I also think one of the important things to understand is not just how much he owes, but who does he owe it to.
Leverage cuts both ways. Look at what happened during the mortgage crisis. I also think one of the important things to understand is not just how much he owes, but who does he owe it to.
Yet Trump didn't go under in the biggest crash since the great depression. Why, because it isn't about how much you owe (what banks you owe have no baring on anything) it's all about cash flow. As long as you structure your deals to make sure you generate more than you owe every month, how much you owe is irrelevant.
You seem to be one of the target audience the hit piece is trying to hook with this nonsense.
Leverage cuts both ways. Look at what happened during the mortgage crisis. I also think one of the important things to understand is not just how much he owes, but who does he owe it to.
Sure, but even during the mortgage crisis, if you are smart, you get through. I changed strategy from flips to rentals at that time, and it was like switching from extra income to extra retirement money. And sure, he owes money to people he rails against, but he is still railing against them. He still has to pay them back.
And it's business. Short of the taliban or ISIS or the like, I'll take money from any credible lender that wants to give it to me.
Yet Trump didn't go under in the biggest crash since the great depression. Why, because it isn't about how much you owe (what banks you owe have no baring on anything) it's all about cash flow. As long as you structure your deals to make sure you generate more than you owe every month, how much you owe is irrelevant.
You seem to be one of the target audience the hit piece is trying to hook with this nonsense.
Sounds like a person, who spends more money then they have, to maintain a lavish lifestyle, surving on havings lots of credit card debt and having just enough income to pay minimum balances on the card. Just on a bigger scale.
Yet Trump didn't go under in the biggest crash since the great depression. Why, because it isn't about how much you owe (what banks you owe have no baring on anything) it's all about cash flow. As long as you structure your deals to make sure you generate more than you owe every month, how much you owe is irrelevant.
You seem to be one of the target audience the hit piece is trying to hook with this nonsense.
There are many ways to not go under, including taking on more debt.
What I took from the article was that the current reporting requirements weren't designed to handle someone with financial dealings as complicated as Trump's. That's not Trump's fault. However, it's still important that we understand what conflicts of interest are present.
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