Quote:
Originally Posted by JFK
Interesting assessment if true  |
Does Trump own all the Hotels 100%, or does he claim them as part of his wealth when they're mortgages or collateral against loans?
Property is great collateral for loans to expand a business. Buy one house and the profit becomes collateral for the next one. And so on until the portfolio is big, but like a bubble very fragile. Once the bubble bursts the portfolio is owned by the people who loaned the money.
So how many Hotels does Trump own 100% or even 10%?