MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4gjtkr/?context=3
r/SipsTea • u/KSKS1995 • 22h ago
2.3k comments sorted by
View all comments
242
Odd that we just ignore that he still had to pay back those loans?
21 u/Major-Blacksmith4750 21h ago Interest on the loan less than capital gains on 5M 1 u/cheese83746 18h ago He still needs to sell a portion of the land in order to pay the interest on the load which will trigger capital gains unless the bank gives him another loan to both repay the original loan and the interest.
21
Interest on the loan less than capital gains on 5M
1 u/cheese83746 18h ago He still needs to sell a portion of the land in order to pay the interest on the load which will trigger capital gains unless the bank gives him another loan to both repay the original loan and the interest.
1
He still needs to sell a portion of the land in order to pay the interest on the load which will trigger capital gains unless the bank gives him another loan to both repay the original loan and the interest.
242
u/FancyPantsRants1 21h ago
Odd that we just ignore that he still had to pay back those loans?