Donald Trump Agrees to Pay $25 Million in Trump University Settlement

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Ridgerunner said:
It is truly amazing sometimes to me how little so many people really know about real estate. I close transactions all the time, and I explain document-by-document and why this and why that, and there is not the least doubt in my mind that most people don’t know the basics at all. I have even closed deals for lawyers who knew next to nothing about how real estate works.

On television there is a show I can’t stand to watch. It’s by this real estate attorney Bob Massi or something like that. Why don’t I watch it? Because it’s so incredibly basic. I suffered through it once because I wanted to know if he had anything to offer. But obviously people watch it or it wouldn’t be on. Of course, they can watch him for free instead of entering an expensive course.

In all fairness, I will add that some real estate knowledge is kind of obscure. There are some things you “just have to know” in order to know. You’re unlikely to find it because you won’t know to look for it.

That’s not to say I’m passing judgment on Trump’s course. Might have been good, might have been worthless. But it really isn’t as if people know all that stuff or could easily look it up.
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EXACTLY!!

If people want to learn new skills or expand on what they already know, they can learn in various ways.

Reading aimlessly at the public library is merely one way.

They can dive in on a D-I-Y basis.

They can become an apprentice.

They can sign up for private tutoring.

They can join a league.

They can pay to take lessons at an institute.

They can take college courses.

They can enter a university.

Or all of the above.

Some people will do well … talent + skill + + extremely diligent hard work + 24/7 application + luck + friendships + mentors + golf +++.

And some will never get anywhere.

[Some people become masters / teachers themselves. Some people flunk out.]
 
Monte_RCMS said:
EXACTLY!!

If people want to learn new skills or expand on what they already know, they can learn in various ways.

Reading aimlessly at the public library is merely one way.
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Who exactly is suggesting reading aimlessly at a library? My original point, was that I have yet to see one of these so called “real estate courses” that actually taught anything different than what one can find for free at a library. The interesting thing is that nobody has been able to suggest that Trump’s course was any different. It might be, but there is no real evidence one way or another.
 
Ridgerunner said:
It is truly amazing sometimes to me how little so many people really know about real estate.
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That’s probably true, but that’s not the point. The courses could have been on commodities or preferred stocks. If the course takers felt they were being highly pressured with implications of “you can’t lose,” maybe they should have known better but nonetheless their own employees provided evidence of their employer’s intentions. (And how often does that happen?) It was blantantly obvious there was perpetrated fraud on the part of Trump.
 
ProVobis said:
That’s probably true, but that’s not the point. The courses could have been on commodities or preferred stocks. If the course takers felt they were being highly pressured with implications of “you can’t lose,” maybe they should have known better but nonetheless their own employees provided evidence of their employer’s intentions. (And how often does that happen?) It was blantantly obvious there was perpetrated fraud on the part of Trump.
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Was it? First of all, these promises of “you can’t lose”, if made at all, would have been literally true if they gained any knowledge at all. Now, whether it was worth the money or not is perhaps something else again.

In a world in which virtually any college charges that much for one year of sometimes dubious schooling, a handful of complainants could be found for just about anything. And you could certainly find academics who would say with conviction that a great number of undergrads are wasting their money due to unsuitability of the student, wasteful spending by the school, incompetence on the part of some of their own colleagues, or lack of student seriousness.

Nothing so far has demonstrated fraudulent intent on Trump’s part.
 
stinkcat_14 said:
How do you know they expected to become billionaires? Can you provide some evidence of their motivation?

Also, I would dispute that courses are necessary for success. I know a very successful real estate investor who has an 8th grade education. Now, I would not recommend that level of education, but he was able to be successful in real estate without Trump university and in spite of the fact that he lived in a country that had a marxist government for a while.
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One?

And the Wright Brothers were not graduates of MIT.
 
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