Cigar
06-23-2016, 09:30 AM
How much would that be today?$1 million in 1968-money is $6.9 million in 2016-money.
And housing-prices increased by a factor of 8.5, including inflation, which means they have risen faster than the inflation:
http://2.bp.blogspot.com/-qO_ZuC5hNP8/VCrpuA9JDBI/AAAAAAAAgvc/O5q0CUxyEnc/s1600/HPNominalJuly2014.PNG
That means that Trump's small loan of $1 million in 1968-money is actually worth a few million more than $6.9 million in 2016-money, because he started out in the real estate-business where prices were lower. Let's round it up to $8 million.
Have you ever heard people complaining how they have to start a business with a paltry $8 million?
http://www.usinflationcalculator.com/
And housing-prices increased by a factor of 8.5, including inflation, which means they have risen faster than the inflation:
http://2.bp.blogspot.com/-qO_ZuC5hNP8/VCrpuA9JDBI/AAAAAAAAgvc/O5q0CUxyEnc/s1600/HPNominalJuly2014.PNG
That means that Trump's small loan of $1 million in 1968-money is actually worth a few million more than $6.9 million in 2016-money, because he started out in the real estate-business where prices were lower. Let's round it up to $8 million.
Have you ever heard people complaining how they have to start a business with a paltry $8 million?
http://www.usinflationcalculator.com/