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Former Olympic Rower Turned to Minimalism to Pay Down $82,000 in Debt
Despite the weak housing market, not everyone is feeling the pain, including Donald Trump who recently made a killing selling a home in Palm Beach for a reported $100 million.While Trump concedes that the housing market is still weak, he states that he thinks things are about to turn a corner. Trump said that what is most troublesome to him right now is that people are still pretty shy about investing in America, and is what he calls the "saddest part" of all concerning the current economic situation in the country.
Since the American economy is driven so much on oil, Trump admits that there are better investments that you can make by looking abroad.
According to the real estate mogul, his properties in Palm Beach and Manhattan are doing well but other than that things just aren't too hot these days. If you go outside of Manhattan, Trump stated that he could not "think of a community that's doing well".
So what advice does the real estate genius have to offer for Americans? Actually its pretty positive. Trump states that things are getting ready to get better, and that properties he would not buy a couple years ago are becoming investments that he would make at this time.
Michael Fowlkes has worked as a stock trader for seven years and spent the last four years working as an analyst for the online investment advisory service Investor's Observer.
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Reader Comments (Page 3 of 3)
5-19-2008 @ 2:55PM
gumbo koontz said...
What thep oor hard working suckers dont understand is that they got to start carpooling to save money on gas. They will do fine !!! Also quit smoking and harming their children's health