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this post was submitted on 27 Sep 2024
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Explain Like I'm Five
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Didn't that "buy real estate for cheap above buildings so they'd have to buy it back to expand upwards" scheme also make some money? He needed some way to gain credit in the first place that wouldn't just disappear when he started defaulting on everything.
he also got 400 million from his dad, and then also managed a block of racially segregated apartments with his dad as well, so.
Rich daddy.
Rich immigrant daddy.