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Thread: Trump in 2007: 'I'm Excited' for Housing Market Crash.

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    "Mr. Original". the watchman's Avatar
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    Trump in 2007: 'I'm Excited' for Housing Market Crash.



    Donald Trump counseled Trump University students to take advantage of the housing bubble as an investment opportunity and said, just a year before it burst, that he was "excited" for it to end because of the money he'd make.

    "People have been talking about the end of the cycle for 12 years, and I'm excited if it is,' he told the Globe and Mail in March of 2007. "I've always made more money in bad markets than in good markets."

    At that time, the housing market was already beginning to decline, and just over a year later the subprime mortgage crisis hit, part of a chain reaction of events that led to the stock market crash of 2008 and cemented the Great Recession.
    Trump in 2007: 'I'm Excited' for Housing Market Crash - NBC News

    even though, this is a serious election sometimes I can't help myself. It's gotten to be nothing short of comedic relief to watch Trump surrogates defend the latest news that undercuts his claims. Every once in a while we all just have to give in to the absurdity of this election. Otherwise, we're going to all end up with grey hair and high blood pressure. I haven't seen any of his surrogates out today defending this. But, I'd be lying if I said it wasn't a guilty pleasure anticipating it.
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    Proud deplorable Bigot Outdraw Poker Champion, Colinks :Swap Champion
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    So someone that invests in real estate was looking forward to buying it on the cheap.

    I'd have believed you without the link.

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    "Mr. Original". the watchman's Avatar
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    I rest my case.
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    Civis americanus borealis Singularity's Avatar
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    From a real-meaning standpoint, considering the context, he was giving good financial advice to investors.

    Trump has said enough facially awful things that don't need to be spun to make him look like an awful person and make him an unelectable candidate.

    Of course, given that Trump's only hope is to bring Clinton to his level, which he could do given she's not far above him in the popular view, she will spin this and do whatever else is necessary.

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    Bizarroland Observer Thx1138's Avatar
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    I knew that when those McMansions started going down, rich vultures like Trump would be snapping them up by the dozens...

    One of the "unreported" aspects of the RE collapse.

    Thx
    Last edited by Thx1138; 24th May 2016 at 10:53 AM.
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    Veteran Member Dr Sampson Simpson's Avatar
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    Quote Originally Posted by the watchman View Post


    Donald Trump counseled Trump University students to take advantage of the housing bubble as an investment opportunity and said, just a year before it burst, that he was "excited" for it to end because of the money he'd make.

    "People have been talking about the end of the cycle for 12 years, and I'm excited if it is,' he told the Globe and Mail in March of 2007. "I've always made more money in bad markets than in good markets."

    At that time, the housing market was already beginning to decline, and just over a year later the subprime mortgage crisis hit, part of a chain reaction of events that led to the stock market crash of 2008 and cemented the Great Recession.
    Trump in 2007: 'I'm Excited' for Housing Market Crash - NBC News

    even though, this is a serious election sometimes I can't help myself. It's gotten to be nothing short of comedic relief to watch Trump surrogates defend the latest news that undercuts his claims. Every once in a while we all just have to give in to the absurdity of this election. Otherwise, we're going to all end up with grey hair and high blood pressure. I haven't seen any of his surrogates out today defending this. But, I'd be lying if I said it wasn't a guilty pleasure anticipating it.
    Nothing ever convinces these people. They don't care about facts. It's like so many posters on this forum, no amount of facts and logic mean anything to them
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    "Mr. Original". the watchman's Avatar
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    Quote Originally Posted by Singularity View Post
    From a real-meaning standpoint, considering the context, he was giving good financial advice to investors.

    Trump has said enough facially awful things that don't need to be spun to make him look like an awful person and make him an unelectable candidate.

    Of course, given that Trump's only hope is to bring Clinton to his level, which he could do given she's not far above him in the popular view, she will spin this and do whatever else is necessary.
    she doesn't have to spin it. It's speaks for itself. He's the kind of guy that benefits from the suffering of others. It's the same thing Obama did against Romney early on in the campaign. Guess, who won that election? As far as bringing Clinton down to his level? You're joking - right?
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    Civis americanus borealis Singularity's Avatar
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    Quote Originally Posted by the watchman View Post
    she doesn't have to spin it. It's speaks for itself. He's the kind of guy that benefits from the suffering of others. It's the same thing Obama did against Romney early on in the campaign. Guess, who won that election?
    Yes, he is. No, that is not what he was identifying himself as here.

    "There are ways to make money off a down market, I've done it, and I think a down market is coming." This is not a controversial statement. He said it with his usual bluster, but more or less that's what he said.

    I'm a lot more interested in focusing on the things that undeniably make Trump look like an idiot and an asshole, is all.

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    It's not Rocket Science.

    When the markets goes down, that's a buying opportunity.

    Housing market, stock market...etc.

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    Civis americanus borealis Singularity's Avatar
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    Quote Originally Posted by the watchman View Post
    As far as bringing Clinton down to his level? You're joking - right?
    No, I'm not, and if Clinton supporters expect that to not be a threat you need to wake up. These two are the most fundamentally unpopular people the parties have ever nominated.

    Trump is more unpopular, but a great deal of resources will be spent trying to correct that. Do not fall asleep at the wheel because you see no threats on the horizon. Beyond it, you've got problems.
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