TDL Archived: The 2nd Rnd Pick Yankee Swap

[The Jom]

I’ve often said if Donald Trump was a local real estate broker and was selling a $700,000 house, he’d set the asking price at $3,000,000 hoping to get someone to bite on a $1.5mm bargain.  In a negotiation, you can take whatever position you want to take.  Much depends on how much you want the deal vs how willing you are to walk away.

He’d set the ask at $3mm, yes, and then borrow 2.5 on it.