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re: Never pay off your house?
Posted on 3/10/09 at 11:26 am to kfizzle85
Posted on 3/10/09 at 11:26 am to kfizzle85
quote:
The old sale-leaseback is a tried and true accounting fudge for corps (and previously local govs) though.
NYT just did it yesterday as a matter of fact.
the wendys I worked at was previously a franchise hub that got purchased. They did this, they had this really nice office which they sold to the owner of the franchise operation. He leased it back to the franchises.
Wendys got totally fricked when they bought us out. 99 year lease with very high monthly payments. Apparently they suck at due diligence.
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