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Most people live at or above their means so they can get caught up in squeeze as their income declines and their expenses stay the same. It's hard to immediatel
by WheelsAtLarge 5y ago
Most people live at or above their means so they can get caught up in squeeze as their income declines and their expenses stay the same. It's hard to immediately adjust to fast declines as we are experiencing during this pandemic. A guy like this can be riding a jet one day and the next day he is negotiating with the banks on how not to default on all his properties plus his jet.
I can understand why he feels like he is having a hard time but the big difference is that the banks will be more than happy to work with him so they don't have to deal with a default so it's hard to think of him as someone that's suffering. He'll be fine. He might end-up owning 20 properties instead of 24 but for most people in the world they would be happy to be in his situation. He'll be more than fine.