Politics NFL and Trump

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I don't even know if all of those huge debts are on things worth more than is owed but it probably is.
 
bodyman5000 and 1 said:
Then I see you link a story about him licensing his name to buildings. He doesn't even have any risk then does he? That's pretty smart.

Sears has tons of prime real estate that they own if I'm not mistaken. How's that working out for them?
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Ha!

Consolidated Freightways owned thousands of properties all over North America up until a few years ago. The property tax overwhelmed the cash flow value of the properties.
They changed the business model, spun off a new company to receive asset of value to the new model and cut the cord to the old company. Declared it Bankrupt. Now collect a tax on those freight yards in shitsvill USA.
 
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dviss1 said:
Look at this shit and tell me... I'll bet Denny calls it "Fake News". Look at all this DEBT @Denny Crane!! And you think this guy should be in charge of the economy with all of his DEBT...?

What Donald J. Trump Owns and Owes
By FORD FESSENDEN and IARYNA MYKHYALYSHYN AUG. 20, 2016

The Republican presidential nominee has an interest in more than 30 U.S. properties, roughly half of which have debt on them.


Debt on properties Mr. Trump owns or leases

PROPERTY/LOCATION/DEBT OUTSTANDING
40 Wall Street/ Manhattan/ 157,400,000
Trump International Hotel/* Washington/ 127,000,000
Trump National Doral golf resort/ Miami/ 125,000,000
Trump Tower/ Manhattan/ 100,000,000
Trump International Hotel/ Chicago/ 45,000,000
167 East 61st Street/ Manhattan/ 14,500,000
Trump Park Avenue/ Manhattan/ 12,495,000
Trump National Golf Club/ Colts Neck, N.J./ 11,700,000
4-8 East 57th Street "Niketown"/ Manhattan/ 10,600,000
Seven Springs estate/ Mount Kisco, N.Y./ 8,000,000
Trump National Golf Club Washingto Potomac Falls, Va./ 7,600,000
Trump International Hotel and Tower/ Manhattan/ 7,000,000
Trump International Hotel**/ Las Vegas/ 3,200,000
1094 South Ocean Boulevard/ Palm Beach, Fla./ 250,000
124 Woodbridge Road/ Palm Beach, Fla./ 250,000

*This construction loan was for $170 million. The Trump Organization and Times sources confirm roughly $127 million has been drawn down on.
**This loan was worth $110 million in 2010. The Trump Organization says a Trump entity is responsible for $3.2 million of the debt outstanding. The Times could not confirm this.

Debt associated with Mr. Trump's limited partnerships/investments

PROPERTY/ LOCATION/ PRC OWNED/ DEBT OUTSTANDING
1290 Avenue of the Americas/ Manhattan/ 30/ 950,000,000
555 California Street/ San Francisco/ 30/ 589,000,000
Starrett City &Spring Creek Towers/ Brooklyn 4/ 410,000,000
Other:
An internal Trump Organization corporate loan, which Mr. Trump says is worth more than $50 million.

Sources: RedVision Systems, Securities and Exchange Commission, New York Times, Bloomberg data, Trump Organization.

The New York Times compiled these debt estimates using bank documents, public filings and through interviews with the Trump Organization and people familiar with the debt who asked not to be identified because they were not authorized to speak on the record about it.
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To be fair, you corrected your own "fake news" article about Trump not owning Trump Tower.

Also to be fair, debt is a good thing if it's used to leverage assets. If you're borrowing to pay your rent, you're fucked.
 
The though has occurred to me that the guy could go fly around the world in his private plane (superior to Air Force One) and spend his money frivolously. But he chose public service, to run for president. Ego? Perhaps. But still, I think that's only part of his motive (if at all).
 
MarAzul said:
Leverage!
The beauty of that is you get, 100% of the appreciation. Neat if the income generated pays the interest as you go. At todays rates, that's not hard.
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@dviss1
If you buy a $100,000 house with 10% down, you've got $10,000 of skin in the game. If the house appreciates 5%, it went from $100K to $105K. You made $5K on your $10K investment, or 50% return. That's the power of leverage. Even though you have $90K in debt on the place, you can sell it and get $15K out (minus commissions, you'd probably end up losing money selling so early).

As MarAzul says, if you can get rent on that $100K house, enough to pay the mortgage payment, you do get that 50% return. If you live there, you pay the mortgage, like you'd have to pay rent anyway, and you still own the asset and that 50% return.

If you borrow to buy $5K worth of food and eat it, it literally turns to shit that you flush down the toilet. You're out the $5K you borrowed AND you now have monthly payments on your credit card, crimping your style. You owned the shit before you flushed it. Now you own squat.
 
bodyman5000 and 1 said:
Thanks. Cognitive dissonance was featured prominently by the person who loves to use the phrase.

I owe 380 thousand dollars on a house I bought two years ago. I could sell it for 480 or more today.

I wish I had 1000 of them that I owed that much on. As long as I could pay the notes until I sold or rented them.
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Denny Crane said:
To be fair, you corrected your own "fake news" article about Trump not owning Trump Tower.

Also to be fair, debt is a good thing if it's used to leverage assets. If you're borrowing to pay your rent, you're fucked.
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I never posted anything about Trump not owning the tower. I ASKED if he owned it.

Now Denny says debt is good. A libertarian says debt is good.
 
Denny Crane said:
It's hard to get a loan for 100%+ of a property value.
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Of course not. Ask all the people who owed 400 grand on a 200 thousand dollar house in 2010.

I'd have bought all of the ones in my old neighborhood that year if I had the money.
 
dviss1 said:
I never posted anything about Trump not owning the tower. I ASKED if he owned it.

Now Denny says debt is good. A libertarian says debt is good.
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I've always said it's fine for government to borrow to build bridges and roads and such. They issue bonds to borrow the money and pay interest and principle until the bonds are paid off. There's an actual asset there in the form of a bridge or road.

Borrowing to pay for food stamps? Turns to shit. Get it?

I'm not saying to get rid of food stamps, just to pay for it without borrowing.
 
Denny Crane said:
To be fair, you corrected your own "fake news" article about Trump not owning Trump Tower.

Also to be fair, debt is a good thing if it's used to leverage assets. If you're borrowing to pay your rent, you're fucked.
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:tongue:
 
dviss1 said:
I never posted anything about Trump not owning the tower. I ASKED if he owned it.

Now Denny says debt is good. A libertarian says debt is good.
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You posted how he owed some god awful huge amount of money on it. I asked how much it was worth which is the Only question that matters when it comes to debt.

Buy a new car, bad debt.

Buy an old house and fix it up and make money...good debt.

Not hard to understand.
 
bodyman5000 and 1 said:
You posted how he owed some god awful huge amount of money on it. I asked how much it was worth which is the Only question that matters when it comes to debt.

Buy a new car, bad debt.

Buy an old house and fix it up and make money...good debt.

Not hard to understand.
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Scroll up and look at the first post. And ask how many homeowners had "good debt" when the economy tanked.
 
Perfect example is all my broke co-workers. They pay exorbitant prices to the tool salesmen because they'll take payments. I tell them as long as they're paying 3 times the value of the tool they'll always have to make payments because they'll never have any money.

I pay cash for any tool I'd ever need.
 
dviss1 said:
Scroll up and look at the first post. And ask how many homeowners had "good debt" when the economy tanked.
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bodyman5000 and 1 said:
Of course not. Ask all the people who owed 400 grand on a 200 thousand dollar house in 2010.

I'd have bought all of the ones in my old neighborhood that year if I had the money.
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I think you miss the point. I'm pretty sure I know ALL about that situation.
 
dviss1 said:
Scroll up and look at the first post. And ask how many homeowners had "good debt" when the economy tanked.
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Sure. If you own an asset and it goes to $0, you lose.

If you hang on and it goes back up (like real estate did), you'll end up making money.

Example:

$400K house in Vegas. Went to $650K during the boom. Went to $200K during the crash. Sell then and you're fucked. Keep paying the mortgage, or rent it out, and you're not bankrupt. That house today is worth $500K, and your mortgage is 10 years closer to paid off.
 
We moved to Vegas. Told the wife (then girlfriend) that houses cost too much and we should rent. She'd made 50 grand on a house in Vancouver and HAD to buy something here.

I argued with her but it was her money and in her name. I gave in as usual.

In 2009 she stopped paying the mortgage and filed bankruptcy. I bought a bigger better house in my name and we made 80 thousand on it when we sold it 2 years ago.

I wouldn't have even bought that one at that time if not for her input. I'd have held off but risked losing out if it jumped back up. I only bought about 10 months before it hit bottom. Not too bad.
 
Denny Crane said:
Sure. If you own an asset and it goes to $0, you lose.

If you hang on and it goes back up (like real estate did), you'll end up making money.

Example:

$400K house in Vegas. Went to $650K during the boom. Went to $200K during the crash. Sell then and you're fucked. Keep paying the mortgage, or rent it out, and you're not bankrupt. That house today is worth $500K, and your mortgage is 10 years closer to paid off.
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The house she could afford in 2006 was in the ghetto. Walked away, didn't pay on it for a year rent free and then got money on the mortgage settlement from Catherine Cortez Masto and Nevada.

The neighbors we moved next to after bought new at the peak, paid cash I think and loved the house and the neighborhood. It went down but it is back up pretty good. Not peak of course.
 
It's not my fault people with 4 kids and 65 grand TOTAL family income bought 400 thousand dollar homes on adjustable rate mortgages.

If I was the type of guy to make women do what I want I'd have bought in 2010 at 275-300 grand on a 15 year fixed and be half way done and way closer to retirement.
 
MarAzul said:
Done.

Message to the Comish,
"Standing and acknowledging the flag is a long standing tradition showing you are an American above all else. If you can not show you are an American first before any other causes, you are not on my team, no matter how worthy your cause."
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...nice! I think this would look good atop the MarZul --> https://teespring.com/dontwatchnfl-flag
 
A lot of players are not, in fact, American. Maybe not so much NFL but NBA, MLB, NHL for sure. They have for years shown respect to an anthem not theirs. But they are not "American first".
 
HAAK72 said:
...nice! I think this would look good atop the MarZul --> https://teespring.com/dontwatchnfl-flag
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560.jpg

err, maybe my old beat up truck.:cool2:
 
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bodyman5000 and 1 said:
It's not my fault people with 4 kids and 65 grand TOTAL family income bought 400 thousand dollar homes on adjustable rate mortgages.

If I was the type of guy to make women do what I want I'd have bought in 2010 at 275-300 grand on a 15 year fixed and be half way done and way closer to retirement.
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They never were able to before. Who made it so people with 620 credit could get 100% financing?

Who created Stated Income Loans?

Who created Adjusted Rate Mortgages?

Who created derivatives?

Exactly. It wasn't one person who "benefited" from them.
 
Trump had 10 tweets over the weekend aimed at sports leagues and bashing NFL players for taking a stand for equality and social justice.

He also had 0 tweets on Puerto Rico; a U.S. territory with U.S. citizens, suffering the after effects of a devastating hurricane that caused flooding, a dam to fail, and may leave them without power for months and up to a year.
 
dviss1 said:
They never were able to before. Who made it so people with 620 credit could get 100% financing?

Who created Stated Income Loans?

Who created Adjusted Rate Mortgages?

Who created derivatives?

Exactly. It wasn't one person who "benefited" from them.
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images


images
 
dviss1 said:
Name one black one.
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Joe Mixon - caught on camera abusing his girlfriend
Tyreke hill - plead guilty to domestic violance
Greg Hardy - Beat the shit out of his GF and the Cowboys signed him AFTER all the photos and shit leaked
Adrian Peterson - beat his kid so badly he had to take him to the ER
Jamis Winston - Huge case surrounding him alleged raping a girl was still drafted #1 overall
Tyler lockett - was facing domestic voilance charges when drafted in the 3rd
and thats just off the top of my head.
 
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