DanHassler0 t1_j3232cu wrote on January 5, 2023 at 3:08 PM

Reply to comment by jeveret in Westfield Trumbull mall sold as part of deal worth $196 million by jaydecay123

Interesting. I've always wondered how this company could possibly make any money. All of their assets will only drop in value as they become emptier and even abandoned. I always knew they were up to no good with money, this kinda makes sense.

jeveret t1_j32u7gt wrote on January 5, 2023 at 5:57 PM

It’s exactly what trump did. You use purchases of property like this to show how much wealth you have in order to convince other people or banks you are rich, so they will invest or lend you even more billions, then you turn around and use the exact same property/purchases to cry poor when you have to pay taxes or the investors back. This mall purchase can be used to say look it’s actually worth 400 million or to say look I’ve actually lost 400 million and all they did was use 200 million they borrowed from some bank or investor. And then off of that “investment” they borrow 600 million next time and just repeat forever. Eventually some of the purchases will pay off and you can claim genuine success on those. If they don’t you just pass the burden off to others.