(Source: ABC News)
These days, what’s on Trump’s mind is real estate: more specifically, buying it. Echoing what real estate agents have maintained for months, Trump said that today’s plummeting house prices are great news for would-be home buyers.
“This is a great time to go out and buy a home,” he said on “Good Morning America” today.
“You might even lose your one home and you’ll end up getting a better one.”
But Trump also acknowledged that obtaining mortgages to buy real estate these days is difficult, and he criticized the banks for not lending more cash. “What the banks are doing is terrible,” he said.
Read Alice Gomstyn and Joelle Zarcone’s full article “Trump’s Advice for Today’s Economy: Buy Real Estate” in ABC News (April 14, 2009).