Barclay's Center & Brooklyn/Queens Talk Part III
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07-17-2012, 02:17 AM
Join Date: Dec 2003
Originally Posted by
You're the only person on the planet that thinks this.
Why would Wang drop ~$250M on someone else's property? Just so he can earn a measly $10M more a year? That's nuts. There are a lot better returns for $250M than upgrading a building he doesn't own.
Yeah, I'm the only person who thinks investing in a building and product to market to consumers that nets 60-80% of the cost of the building annually to increase revenues and using 10-15% annually to repay the loan is worthwhile.
No owner ever borrowed to build an arena. No business owner ever borrowed on a 20 to 30 year loan package to fund an expansion, startup or renovation to increase sales. Nope. No one ever did it. Lunacy.
(if he leases it for 30 years, LIKE RESTAURANTS, BODY SHOPS, FACTORIES, PRO SPORTS TEAMS, SPERM BANKS, MORTGAGE BANKS, HOTELS AND SO ON DO, he makes more money for 30 years. Ever owned a business or known someone who has? I'll tell you the advantages of leasing vs. owning if you care)
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