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Trump

Discussion in 'Off Topic' started by vfx, Mar 15, 2009.

  1. vfx

    vfx Well-Known Member

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    Trump is a massive landowner all over the US. here in California it would not take too many plots to add up to 300 million.
     
  2. TEG

    TEG TMC Moderator

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  3. Palpatine

    Palpatine Banned

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    It depends on how much leverage he used to buy the land. If he borrowed 95% and only paid 5% down, then the value of the land drops by 30% to 40% in recent years, what value does the owner have?

    Not much or negative.
     
  4. vfx

    vfx Well-Known Member

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    Good point.
    My mistake was thinking he actually outright owns the land.
     

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