Would you give your kids to Trump?

[Thermodolia]

He doesn’t have billions though. Not on hand. At most he has $500 million in cash. 1% of which is 5 million or roughly the equivalent cost of raising five kids

It doesn’t matter if it’s not “on hand”

Actually it does. Because the vast majority of his wealth is tide up in land values or debt he can’t access that wealth without selling said land or debt.

Hence why I’m focusing on his liquid assets and not his net worth. Bill Gates on the other hand has a majority of his net worth in liquid assets. While Bezos has his net worth in stocks, meaning that if he sold all of his shares today he would have $100+ Billion in cash or liquid assets.

[Infected Mushroom]

It doesn’t matter if it’s not “on hand”

Of course it matters.

The fuck?

He can still outspend most of our middle/working class wallets by a billion miles as far as the kid’s well being is concerned with what he does have on hand

Plus he can always randomly sell off something (at a massive profit) and turn it into more cash still

He’s a god of money when compared to the average poster; you don’t want to play this money game against him as a parent

[Infected Mushroom]

It doesn’t matter if it’s not “on hand”

Actually it does. Because the vast majority of his wealth is tide up in land values or debt he can’t access that wealth without selling said land or debt.

Hence why I’m focusing on his liquid assets and not his net worth. Bill Gates on the other hand has a majority of his net worth in liquid assets. While Bezos has his net worth in stocks, meaning that if he sold all of his shares today he would have $100+ Billion in cash or liquid assets.

So?

Not all forms of wealth has to be cash on hand or a number in a bank

It’s still accessible to him if he’s able to sell and cash in at any time he chooses

[Thermodolia]

Of course it matters.

The fuck?

He can still outspend most of our middle/working class wallets by a billion miles as far as the kid’s well being is concerned with what he does have on hand

Plus he can always randomly sell off something (at a massive profit) and turn it into more cash still

He’s a god of money when compared to the average poster; you don’t want to play this money game against him as a parent

You have to find a buyer who is willing to pay face value for what Trump is offering. And it’s a hell of a lot easier to make NK give up nukes unilaterally than find a buyer who will buy a Billion dollar property at face value no questions asked.

So no he doesn’t. Also the average cost of raising a kid in the US is about $1 million

[Infected Mushroom]

He can still outspend most of our middle/working class wallets by a billion miles as far as the kid’s well being is concerned with what he does have on hand

Plus he can always randomly sell off something (at a massive profit) and turn it into more cash still

He’s a god of money when compared to the average poster; you don’t want to play this money game against him as a parent

You have to find a buyer who is willing to pay face value for what Trump is offering. And it’s a hell of a lot easier to make NK give up nukes unilaterally than find a buyer who will buy a Billion dollar property at face value no questions asked.

So no he doesn’t. Also the average cost of raising a kid in the US is about $1 million

Not really, it’s not

Plus you make it sound like trump would be stressed out having to open house

Dude he’s got property managers to manage sells, anything he owns can be converted to cash within months

[Thermodolia]

Actually it does. Because the vast majority of his wealth is tide up in land values or debt he can’t access that wealth without selling said land or debt.

Hence why I’m focusing on his liquid assets and not his net worth. Bill Gates on the other hand has a majority of his net worth in liquid assets. While Bezos has his net worth in stocks, meaning that if he sold all of his shares today he would have $100+ Billion in cash or liquid assets.

So?

Not all forms of wealth has to be cash on hand or a number in a bank

It’s still accessible to him if he’s able to sell and cash in at any time he chooses

You car, your video games, you’re computer and gaming systems are all apart of your net worth. Unless any of those items are a hot commodity or you are sitting on some high valued land it will depreciate in value. Meaning that the majority of the time you will lose money when you sell property.

And he also has to find a buyer which is pretty much impossible

[Infected Mushroom]

So?

Not all forms of wealth has to be cash on hand or a number in a bank

It’s still accessible to him if he’s able to sell and cash in at any time he chooses

You car, your video games, you’re computer and gaming systems are all apart of your net worth. Unless any of those items are a hot commodity or you are sitting on some high valued land it will depreciate in value. Meaning that the majority of the time you will lose money when you sell property.

And he also has to find a buyer which is pretty much impossible

Well no doubt some of his property is unsellable depreciates

Land however, is always very very sellable

[Thermodolia]

You have to find a buyer who is willing to pay face value for what Trump is offering. And it’s a hell of a lot easier to make NK give up nukes unilaterally than find a buyer who will buy a Billion dollar property at face value no questions asked.

So no he doesn’t. Also the average cost of raising a kid in the US is about $1 million

Not really, it’s not

It’s not what? Stop being cryptic.

Plus you make it sound like trump would be stressed out having to open house

Dude he’s got property managers to manage sells, anything he owns can be converted to cash within months

No it can’t. It can take years for multi million dollar property deals to be officially finalized. You first have to find a buyer, which is going to be impossible as Trump doesn’t own a dirt lot in the middle of Manhattan. Then you have to negotiate the price, get it appraised, and then you have to deal with the government and all associated regulations.

The real world is a lot more complex than fucking westros

[Infected Mushroom]

Not really, it’s not

It’s not what? Stop being cryptic.

Plus you make it sound like trump would be stressed out having to open house

Dude he’s got property managers to manage sells, anything he owns can be converted to cash within months

No it can’t. It can take years for multi million dollar property deals to be officially finalized. You first have to find a buyer, which is going to be impossible as Trump doesn’t own a dirt lot in the middle of Manhattan. Then you have to negotiate the price, get it appraised, and then you have to deal with the government and all associated regulations.

The real world is a lot more complex than fucking westros

More like months

[NeoOasis]

It’s not what? Stop being cryptic.


No it can’t. It can take years for multi million dollar property deals to be officially finalized. You first have to find a buyer, which is going to be impossible as Trump doesn’t own a dirt lot in the middle of Manhattan. Then you have to negotiate the price, get it appraised, and then you have to deal with the government and all associated regulations.

The real world is a lot more complex than fucking westros

More like months

No, it's years. A lot of multi-million dollar apartments, nevermind buildings, sit around for years on sale. And when a buyer is found, the building/property is often sold at a far reduced price. And that's assuming the buyer doesn't back out.

[Thermodolia]

You car, your video games, you’re computer and gaming systems are all apart of your net worth. Unless any of those items are a hot commodity or you are sitting on some high valued land it will depreciate in value. Meaning that the majority of the time you will lose money when you sell property.

And he also has to find a buyer which is pretty much impossible

Well no doubt some of his property is unsellable depreciates

Land however, is always very very sellable

No it’s not. Nobody is going to pay millions for some land in the middle of the desert that’s not going to happen. Land is only very valuable in places like major metropolitan areas or places where precious natural resources are abundant.

So for example if you found oil under your land your land values just shot up, same if the land you own is going to be in the middle of a major Office development project in the city.

[Ifreann]

A false conclusion reached with nonsense reasoning.


It matters because the less rich he is, the less he is able to do the wonderful things you imagine he can do.


Trump is a moron.

The richer you are, the more high quality goods and services you have casual access to. That’s a fact. It’s silly to argue otherwise.

But Trump is less rich than you think he is.

Trump also happens to be very intelligent (by far). He’s made it to the White House, he’s a self made billionaire. What have you achieved by comparison? If anything he’s a genius compared to the average person.

Trump is stupid, and not a self-made anything. ¬

---

He doesn’t have billions though. Not on hand. At most he has $500 million in cash. 1% of which is 5 million or roughly the equivalent cost of raising five kids

It doesn’t matter if it’s not “on hand”

Of course it does. Cash is what you buy things with.

[Thermodolia]

It’s not what? Stop being cryptic.


No it can’t. It can take years for multi million dollar property deals to be officially finalized. You first have to find a buyer, which is going to be impossible as Trump doesn’t own a dirt lot in the middle of Manhattan. Then you have to negotiate the price, get it appraised, and then you have to deal with the government and all associated regulations.

The real world is a lot more complex than fucking westros

More like months

I stand by my previous statement

[Infected Mushroom]

Well no doubt some of his property is unsellable depreciates

Land however, is always very very sellable

No it’s not. Nobody is going to pay millions for some land in the middle of the desert that’s not going to happen. Land is only very valuable in places like major metropolitan areas or places where precious natural resources are abundant.

So for example if you found oil under your land your land values just shot up, same if the land you own is going to be in the middle of a major Office development project in the city.

There’s a rich person’s market

Again, trump himself would just tell his managers and lawyers he wants X sold out (they would advise on a price range) and it would get done in months

Of course the buyer won’t be an average Joe, it will probably be another rich investor

[Infected Mushroom]

The richer you are, the more high quality goods and services you have casual access to. That’s a fact. It’s silly to argue otherwise.

But Trump is less rich than you think he is.

Trump also happens to be very intelligent (by far). He’s made it to the White House, he’s a self made billionaire. What have you achieved by comparison? If anything he’s a genius compared to the average person.

Trump is stupid, and not a self-made anything. ¬

---

It doesn’t matter if it’s not “on hand”

Of course it does. Cash is what you buy things with.

Or he’s more rich then both of us think

Again, it’s all hearsay and speculation

I’d rather go with Forbes (which approximates to 4 billion)... they did more research than any of us so...

He could very easily have as much as 10 billion though

[Ifreann]

No it’s not. Nobody is going to pay millions for some land in the middle of the desert that’s not going to happen. Land is only very valuable in places like major metropolitan areas or places where precious natural resources are abundant.

So for example if you found oil under your land your land values just shot up, same if the land you own is going to be in the middle of a major Office development project in the city.

There’s a rich person’s market

Haha, what?

[Infected Mushroom]

There’s a rich person’s market

Haha, what?

It’s a world neither of us can touch where people throw around millions of dollars around to buy/sell land and artworks like pocket change

It’s not even stressful for the rich participants because they have legions of elite managers and lawyers to make them happen

[Ifreann]

But Trump is less rich than you think he is.


Trump is stupid, and not a self-made anything. ¬

---

Of course it does. Cash is what you buy things with.

Or he’s more rich then both of us think

Again, it’s all hearsay and speculation

I’d rather go with Forbes (which approximates to 4 billion)... they did more research than any of us so...

He could very easily have as much as 10 billion though

No, he really couldn't.

[Thermodolia]

No it’s not. Nobody is going to pay millions for some land in the middle of the desert that’s not going to happen. Land is only very valuable in places like major metropolitan areas or places where precious natural resources are abundant.

So for example if you found oil under your land your land values just shot up, same if the land you own is going to be in the middle of a major Office development project in the city.

There’s a rich person’s market

Again, trump himself would just tell his managers and lawyers he wants X sold out (they would advise on a price range) and it would get done in months

Of course the buyer won’t be an average Joe, it will probably be another rich investor

You don’t know shit about the real world and it shows. I wasn’t talking about the average joe but rich people and the vast majority of rich people who own a business aren’t philandering idiots who throw money away like Trump.

The richest people in the world live very frugal lives and don’t at all look like they are super rich. Warren Buffett still lives in the same house he’s lived in since the 80s and he still drives the same car he’s owned since the 70s even though he can easily buy all of trumps property and a few Bugatti’s and have money left over.

Jeff Bezos packs his own lunch, even though he can buy a fucking restaurant. The point is that rich people do not like to flitter away money unnecessarily.

And no you can’t get a multi million dollar property deal done in a few months as it takes a year at the very least due to federal and state regulations not to mention finding the buyer or the buyer haggling the price.

Trump isn’t god, he can’t force people to buy shit

[Infected Mushroom]

Or he’s more rich then both of us think

Again, it’s all hearsay and speculation

I’d rather go with Forbes (which approximates to 4 billion)... they did more research than any of us so...

He could very easily have as much as 10 billion though

No, he really couldn't.

Forbes tends to calculate/estimate on the conservative side

Trump himself has claimed on numerous occasions to have 10 plus

[Thermodolia]

Haha, what?

It’s a world neither of us can touch where people throw around millions of dollars around to buy/sell land and artworks like pocket change

It’s not even stressful for the rich participants because they have legions of elite managers and lawyers to make them happen

Trust me when I say that you know jackshit about stress and the real world

[Thermodolia]

No, he really couldn't.

Forbes tends to calculate/estimate on the conservative side

Trump himself has claimed on numerous occasions to have 10 plus

The Forbes estimate hasn’t been updated since he took office. Someone in this thread already posted that Trump’s net worth dropped to $2.8 Billion since he took office.

I’d sooner believe Putin than Trump

[Infected Mushroom]

There’s a rich person’s market

Again, trump himself would just tell his managers and lawyers he wants X sold out (they would advise on a price range) and it would get done in months

Of course the buyer won’t be an average Joe, it will probably be another rich investor

You don’t know shit about the real world and it shows. I wasn’t talking about the average joe but rich people and the vast majority of rich people who own a business aren’t philandering idiots who throw money away like Trump.

The richest people in the world live very frugal lives and don’t at all look like they are super rich. Warren Buffett still lives in the same house he’s lived in since the 80s and he still drives the same car he’s owned since the 70s even though he can easily buy all of trumps property and a few Bugatti’s and have money left over.

Jeff Bezos packs his own lunch, even though he can buy a fucking restaurant. The point is that rich people do not like to flitter away money unnecessarily.

And no you can’t get a multi million dollar property deal done in a few months as it takes a year at the very least due to federal and state regulations not to mention finding the buyer or the buyer haggling the price.

Trump isn’t god, he can’t force people to buy shit

There are eccentric rich people but there are definitely tons of newly rich millionaires/billionaires who play with million dollar land/artwork deals like it’s a casual game

For instance, there are tons of Russian/Chinese millionaires (usually newly rich and they are super excited) who would snap up the chance and the prestige of owning land that has the trump brand

Now that’s he’s president he’s even more the rage

[Ifreann]

Haha, what?

It’s a world neither of us can touch where people throw around millions of dollars around to buy/sell land and artworks like pocket change

It’s not even stressful for the rich participants because they have legions of elite managers and lawyers to make them happen

Oh my gods you live in a fantasy land.

[Thermodolia]

You don’t know shit about the real world and it shows. I wasn’t talking about the average joe but rich people and the vast majority of rich people who own a business aren’t philandering idiots who throw money away like Trump.

The richest people in the world live very frugal lives and don’t at all look like they are super rich. Warren Buffett still lives in the same house he’s lived in since the 80s and he still drives the same car he’s owned since the 70s even though he can easily buy all of trumps property and a few Bugatti’s and have money left over.

Jeff Bezos packs his own lunch, even though he can buy a fucking restaurant. The point is that rich people do not like to flitter away money unnecessarily.

And no you can’t get a multi million dollar property deal done in a few months as it takes a year at the very least due to federal and state regulations not to mention finding the buyer or the buyer haggling the price.

Trump isn’t god, he can’t force people to buy shit

Now that’s he’s president he’s even more the rage

The evidence has pointed towards the opposite.