Lyin' Steve
SteveMcQueen
Sr. Member
Posts: 3,310
|
 |
« on: August 20, 2016, 03:33:32 PM » |
|
Yeah, if you buy a $1,000,000 house, rent out three of the bedrooms and make a profit on the mortgage payment, you're still heavily in debt but I don't think anyone would say that's a bad financial situation.
Trump is an extreme case of that, he has large stakes ina number of buildings, so to own 50% of Trump Tower Chicago or whatever he probably went $2B in debt... but he can sell that share back whenever he wants, presumably for a profit since he's developed the building and added prestige to it through his activities and brand, and furthermore he's making a profit on his payments through his operations in the building.
Then again I didn't read the article so if this is talking about Trump Mag being millions of dollars in debt or whatever, that's an entirely separate thing.
|
