[–] lord_nougat 0 points 4 points 4 points (+4|-0) ago
And? So? What's your point? Are you saying you think $421,000,000 is a large amount of money?
Poorfag.
[–] whateverman223 0 points 2 points 2 points (+2|-0) ago
We live in a debt based system. The only people who don't have debts print the money.
[–] Brawndosaurus 0 points 1 point 1 point (+1|-0) ago
This only works on spiritual peasants. Real Estate users leverage. You bet with the bank's money.
[–] CrustyBeaver52 0 points 1 point 1 point (+1|-0) ago
If you finance a skyscraper, or a golf resort, then you owe somebody money.
How many Trump buildings are there?
[–] ScreaminMime 0 points 1 point 1 point (+1|-0) ago
Gee, are Twiiter and FB banning news sources that print this one?
[–] Dragon40 0 points 6 points 6 points (+6|-0) ago
Compared to the value of Trump's assets, Trump is quite correct - $421 mil. is nothing when your assets are valued in excess of $3.5 Billion.
[–] skullfuku 0 points 1 point 1 point (+1|-0) ago (edited ago)
"Real estate tycoons are always afloat" -- DER SPIEGEL in a hit piece about Donald Trump, ca. 1986.
I doubt that the 400 mios are real debt, more like a mortgage with one or more of Trump's buildings as collateral. That's what is great about real estate: you can take a mortgage on it at any time, so it's almost as good as money in the bank.