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kpete

(71,901 posts)
Fri May 20, 2016, 09:07 AM May 2016

Trump caught on tape in 2006 saying he hopes the housing market crashes because it would benefit him

Last edited Fri May 20, 2016, 09:57 AM - Edit history (1)

Donald Trump in 2006: I 'sort of hope' real estate market tanks



(CNN)Two years before the housing market collapsed in 2008 and millions of Americans lost their homes, Donald Trump said he was hoping for a crash.

"I sort of hope that happens because then people like me would go in and buy," Trump said in a 2006 audiobook from Trump University, answering a question about "gloomy predictions that the real estate market is heading for a spectacular crash."

...............

Trump was speaking with Jon Ward, a marketing consultant who "masterminded all the initial education programs for Trump University," according to his website. The audiobook is available on iTunes.

"If there is a bubble burst, as they call it, you know you can make a lot of money," Trump said in the 2006 audio book, "How to Build a Fortune." "If you're in a good cash position -- which I'm in a good cash position today -- then people like me would go in and buy like crazy."



More, plus AUDIO:
http://www.cnn.com/2016/05/19/politics/donald-trump-2006-hopes-real-estate-market-crashes/index.html
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Trump caught on tape in 2006 saying he hopes the housing market crashes because it would benefit him (Original Post) kpete May 2016 OP
Callous... and then by the end of tape he says the market WON'T crash... JCMach1 May 2016 #1
Mean. greedy and wrong . . annabanana May 2016 #2
Wow. HughBeaumont May 2016 #3
That'll be good for another 2 point bump in the polls. MH1 May 2016 #4
interesting that Trump Angel Martin May 2016 #5

JCMach1

(27,544 posts)
1. Callous... and then by the end of tape he says the market WON'T crash...
Fri May 20, 2016, 09:14 AM
May 2016

So, CALLOUS and flat out WRONG!

MH1

(17,537 posts)
4. That'll be good for another 2 point bump in the polls.
Fri May 20, 2016, 10:06 AM
May 2016

I mean a bump up for Trump. Because, only "losers" lost out in the housing crash, and people support Trump because he's a winner, baby!!!

What a world we live in. Sigh.

Angel Martin

(942 posts)
5. interesting that Trump
Fri May 20, 2016, 10:24 AM
May 2016

realized that a real estate crash was possible.

He did better than Bernanke and the bond rating agencies who said that housing prices never go down.

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