17 May 19
If he is really so rich he doesn't need to borrow money. Was he intentionally losing money for tax purposes? It is sad if that is the case. Losing money to come out ahead is just wrong. It shows how the rich stay rich no matter how badly they lose.
https://www.reuters.com/article/us-usa-trump-financials/trump-took-out-30-year-loan-on-18-5-million-home-in-2018-idUSKCN1SM2AY
Trump is losing so much we are getting tired of him losing so he can win.
17 May 19
@Metal-Brain
I see Mr Trump was on board on 565 companies last year.
This year he declared he's only on one company, Trump corporation...
17 May 19
@metal-brain saidRich borrow all the time, if for no other reason than to build credit. If you think (or know) that you can get 6% somewhere, it makes sense to borrow money at 4%. You would be up 2%!
If he is really so rich he doesn't need to borrow money. Was he intentionally losing money for tax purposes? It is sad if that is the case. Losing money to come out ahead is just wrong. It shows how the rich stay rich no matter how badly they lose.
https://www.reuters.com/article/us-usa-trump-financials/trump-took-out-30-year-loan-on-18-5-million-home-in-2018-idUSKCN1SM2AY
Trump is losing so much we are getting tired of him losing so he can win.
17 May 19
@averagejoe1 saidTrump doesn’t pay back his loans.
Rich borrow all the time, if for no other reason than to build credit. If you think (or know) that you can get 6% somewhere, it makes sense to borrow money at 4%. You would be up 2%!
17 May 19
@averagejoe1 saidYou know of Trump lending money?
Rich borrow all the time, if for no other reason than to build credit. If you think (or know) that you can get 6% somewhere, it makes sense to borrow money at 4%. You would be up 2%!
He's into banking now is he?
- Joined
- 05 Nov 06
- Moves
- 147484
@wolfgang59 saidyou dont have any concept of how money works.
You know of Trump lending money?
He's into banking now is he?
@wolfgang59 saidOnly banks lend money?
You know of Trump lending money?
He's into banking now is he?
🙄
@averagejoe1 saidBillionaires need to borrow? He is a real estate mogul, not a builder of oil refineries. What does he need the credit for?
Rich borrow all the time, if for no other reason than to build credit. If you think (or know) that you can get 6% somewhere, it makes sense to borrow money at 4%. You would be up 2%!
I think it is more likely he is intentionally taking a loss to take advantage of tax loopholes. That would explain why he doesn't want to release his taxes. Remember when Trump said "only he can fix it" in regards to tax loopholes? He doesn't want to fix it and if people found out all of the tax loopholes he has taken advantage of it would become apparent he is a huge hypocrite and a liar who has no intention of fixing what has served him well.
Profiting from losing money is contrary to capitalism. In reality Trump is a socialist for the wealthy and capitalist for the poor.
@mott-the-hoople saidIf only you knew me you would realise how funny that remark is!
you dont have any concept of how money works.
18 May 19
@pawnpaw said... which owns the other 565.
@Metal-Brain
I see Mr Trump was on board on 565 companies last year.
This year he declared he's only on one company, Trump corporation...
@metal-brain saidIt's not complicated. He's doing it because he is broke and has been since the 90s, his cash-flow being maintained by his salary as an actor and through laundering money for the Russian mob.
Billionaires need to borrow? He is a real estate mogul, not a builder of oil refineries. What does he need the credit for?
I think it is more likely he is intentionally taking a loss to take advantage of tax loopholes. That would explain why he doesn't want to release his taxes. Remember when Trump said "only he can fix it" in regards to tax loopholes? He doesn't want ...[text shortened]... contrary to capitalism. In reality Trump is a socialist for the wealthy and capitalist for the poor.
18 May 19
@mott-the-hoople saidI know it’s better to pay cash rather than interest if possible, and I know real estate is a very good investment in the medium to long term.
you dont have any concept of how money works.
I also know that I would not invest in anyone or thing that was stupid enough to lend Trump any money given his history. Well not unless I thought he would put a shed load of public my way in a ‘quid pro quo’ arrangement.
@wolfgang59 saidI’m saying, if Trump has $1M cash, he can put it into a house, OR, OR, he can be smart, which he is, and borrow $1M to buy the house, paying 4%. THEN, he takes his $1M cash and builds a hotel, invests in Amazon or whatever and makes a whole lot of money, over and above 4%. Whew.
You know of Trump lending money?
He's into banking now is he?
@mott-the-hoople saidI covered that one Hoopie
you dont have any concept of how money works.