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Posted
4 hours ago, 4th&long said:

I laugh when people say he will be good for the economy. He’sa failed businessman. The only way he’s made money is fraud and filing for bankruptcy. The govt is not a business anyway.

Moot point…He’s already been a successful president…👍

4 hours ago, Tiberius said:

The people who say, He sure will be good for the economy, must be some dumb ass people, probably broke

You’re right, I am broke now…I wasn’t when Trump was prez…👍

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Posted
41 minutes ago, JaCrispy said:

Moot point…He’s already been a successful president…👍

You’re right, I am broke now…I wasn’t when Trump was prez…👍

You call that a success? That was a sh it show. His own daughter and son in law want nothing to do with him.

Posted
11 hours ago, Joe Ferguson forever said:

then trump is not a billionaire?  He's  leveraged to the teeth.  Much of his wealth is real estate.  Homes are the most valuable asset for most Americans.  Of course they're an indication of relative wealth.  They're the single most important indicator for most Americans.

 

I am quite aware of calculating net worth, and of course home equity is part of the equation, but it must be replaced if sold, unless the owner dies.

It creates a tax burden and it can create a capital gains tax.

Simply not as valuable as liquid assets.

Nothing wrong with that.

In the case of Trump, or anyone else owning income producing real estate, it's a bit different than a simple personal residence.

That's why things as simple as being approved for a margin brokerage account, or investment instruments requiring investor net worth qualification will not consider primary residence in the qualification.

 

 

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