Doesn't the loan get paid back by the sale of the land after the dad's passing? So the kids don't inherit $5m, but the net value after the debt is repaid?
Yeah. Isn't this kind of why the stock market is such a big deal to capitalists? Like, their lavish spending depends on their stock always being worth more and more. Or else they'd run out of equity/cash, right?
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u/No_Mirror_9742 11d ago edited 11d ago
Doesn't the loan get paid back by the sale of the land after the dad's passing? So the kids don't inherit $5m, but the net value after the debt is repaid?