this post was submitted on 27 Sep 2024
296 points (96.0% liked)
Explain Like I'm Five
14267 readers
88 users here now
Simplifying Complexity, One Answer at a Time!
Rules
- Be respectful and inclusive.
- No harassment, hate speech, or trolling.
- Engage in constructive discussions.
- Share relevant content.
- Follow guidelines and moderators' instructions.
- Use appropriate language and tone.
- Report violations.
- Foster a continuous learning environment.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Didn't that "buy real estate for cheap above buildings so they'd have to buy it back to expand upwards" scheme also make some money? He needed some way to gain credit in the first place that wouldn't just disappear when he started defaulting on everything.
he also got 400 million from his dad, and then also managed a block of racially segregated apartments with his dad as well, so.
Rich daddy.
Rich immigrant daddy.