15/04/2009 11:51
Billionaire Donald Trump advices to buy real estate
The American billionaire Donald Trump has never been shy about offering his opinions or advice. Whether it's how to manage finances and money, or confronting a celebrity, the real-estate mogul and reality-TV star seems eager to let people know just what's on his mind, ABC News reports.
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.
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