Why is Tiger Woods taking out a mortgage on a $54 million property?

by admin on January 8, 2011

Why take on debt when you’re already that rich? What is it that he needs so much about the property that he can’t wait some years until he has earned the money. In the meantime, he could travel around in his jet and on his yacht and stay at the most expensive hotels and resorts.

{ 3 comments… read them below or add one }

Naguru January 8, 2011 at 5:31 pm

I do not know. Also I cannot find out because I don’t know his contact details.

ChattyK January 8, 2011 at 5:31 pm

I didn’t hear that, but there must be a reason. Maybe, he will go BK, to get out of paying the dough to the Ex, Elin. Other than that, he takes advise from money managers, and they think it is a good time to pull money out to pay debts and get a good rate of interest. But when he texts me to set up a meeting, I will ask him.

Connie January 8, 2011 at 5:31 pm

He can afford it, and he may need the tax advantages of a mortgage.

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