Quote:
Originally Posted by
tony bagadonuts
+269k jobs in April and unemployment at a 49 year low of 3.6%.
He may be an unstable, lying buffoon but on his watch the economy owns your face.
I offer you a real estate allegory. It is Trump after all.
If I build a condominium project - as a developer I will offer my units with a very attractive (artificially low) condo fee.
There are certain operating costs that simply have to be covered. Long term maintenance items (roof/parking lot repave/wooden decks) for which money ought to be accrued is ignored.
The project is a success. I sell out and move to the next town like a carnival.
My favorite part....
People buy the unit. It was a great deal! At the condo meeting nobody will raise their hand and suggest the condo fees get raised.
25 years later no money has been accrued for the roof which now needs to be replaced. Surprise. Each current owner is assessed some large number.
Trump the real estate guy is playing the game right. Your kids will get the special assessment and the right to sell apples or pencils on the street corner.
Thank you.
Fantastic economy but let’s lower taxes and ignore the deficit. Worry about tomorrow?