SC Patriot
Diamond Member
- Aug 31, 2020
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And the NY Times is well aware that people like you will not apply financial knowledge and accept the facts as facts without understanding the facts.This is the problem with wingnuts who reject reality and refuse to read a newspaper. Two years ago The NY Times published their longest article ever.You’re talking out your ass again. You have zero proof he lost money and zero proof he didn’t make hundreds of millions selling U.S. classified info to our enemies, or through bribes from the Saudis.Trump LOST money because he was POTUS, and achieved wealth not off the public dime.
Ha ha you can't see the obvious, Would you enter a building that belonged to Trump on purpose?
What line of business is Trump in again? Oh that's right, hospitality & such, where people gather. How'd that work out under COVID while PROGS became even MORE RICH?
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses (Published 2019)
Newly obtained tax information reveals that from 1985 to 1994, Donald J. Trump’s businesses were in far bleaker condition than was previously known.www.nytimes.com
He‘s had a negative net worth for decades.
And you fell for it.
If I had a billion dollars of excess equity to buy a billion dollar property that only earns a half a billion now but in 8 years will have a value of 3 billion.....I would buy it for a billion dollars and cash out for 3 times the value 8 years later.
But....the +NYT would say that I took a a half a billion loss.
You see....that's what real estate investors do. They take a short term loss for a long term gain. Its leveraging. Its hedging.
You WISH you had his money. But you never will. Why? Becuase you are one of those that believes buy with an even return...never buy for a future positive return.
Thats fine.
But dont criticize those that do otherwise.