Four years later, using $800,000 in stock options, he began snapping upinvestment properties, putting 10 percent to 40 percent down on negative amortization loans — in which payments do not cover the interest so that a borrower's balance grows over time.
With an $800k pot of stock options, he could have tucked that away and even with a pidly 5% interest, that still would have been a decent size chuck of money each year. Or in more aggressive terms, at least tucked 50% away and the remaining 50% on higher risk speculation. Apparently the person didn't learn from the .dotcom days. One word:Greed.
