Trump's real-estate empire pays the price for his poisonous politics

[DrLove]

So what did you base your "he'd have been smarter taking Daddy's half a billion dollar inheritance, tossing it into index funds, laying low and playing golf the rest of his life." on?

Please tell us

If Donald Trump had done this, he could have been five times richer

Sometimes it’s about more than the money.

www.marketwatch.com

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index Funds

Donald Trump traveled an old-fashioned route to fortune. While Trump did have a big head start — his father, Fred, was a multimillionaire New York real estate developer — there’s no doubt The Donald has created a fortune of his own. All he had to do was shift away from real estate and park his...

www.yahoo.com

 

[CrusaderFrank]

If Donald Trump had done this, he could have been five times richer

Sometimes it’s about more than the money.

www.marketwatch.com

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index Funds

Donald Trump traveled an old-fashioned route to fortune. While Trump did have a big head start — his father, Fred, was a multimillionaire New York real estate developer — there’s no doubt The Donald has created a fortune of his own. All he had to do was shift away from real estate and park his...

www.yahoo.com

So tell us why that would only work for Trump and not the trillions in the Social Security "Trust Fund"

Waiting patiently

 

[C_Clayton_Jones]

As we know, Donnie has several hundred million coming due with Deutsche Bank in the next couple years. He'll likely default and he personally signed on those loans. Nobody else wants to loan him money either, and that will make him even more toxic. So about the only way he continues to make money is grifting off his the MAGA-hatters, most of whom can't afford to stay at his properties. Eventually the sheep will be fully fleeced. Couldn't have happened to a nicer guy.

<snips>

Trump’s business brand was once synonymous with wealth and success, an image that now clashes sharply with a political brand rooted in the anger of his largely rural and working-class voter base. His presidency is now associated in the minds of many with its violent end, as supporters stormed the U.S. Capitol on Jan. 6.​

​

Prospective tenants in New York are shunning his buildings, one real-estate broker said, to avoid being associated with Trump. Organizers of golf tournaments have pulled events from his courses.​

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Financial records show Trump’s real-estate business has declined. Income from the family’s holdings, heavy on golf courses and hotels, took a beating during 2020 amid the coronavirus pandemic. Revenues at his Las Vegas hotel, for instance, fell from $22.9 million in 2017 to $9.2 million during 2020 and the first 20 days of 2021, according to Trump’s financial disclosures.​

​

The damage to Trump’s business image started early in his presidency. One consultant for Trump, arguing in a 2017 public hearing for a lower tax bill at his Doral golf resort, said Trump’s politics had damaged his business model.​

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In Trump’s home base of New York, the Trump name has become increasingly toxic. One high-profile property, the Trump SoHo hotel in lower Manhattan, was rebranded the Dominick in 2017. New York City in January canceled his leases on a golf course, two Central Park skating rinks and a carousel.​

​

After the Jan. 6 U.S. Capitol riots, some of Trump’s large tenants, including the Girl Scouts and a nonprofit called TB Alliance, said they were exploring whether they could get out of their leases. One commercial real-estate broker says many prospective tenants won’t consider the building because Trump’s name is on it.​

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“Most New York tenants want nothing to do with it, and that’s been the case for five years now,” said Ruth Colp-Haber, who said she has placed seven clients in the building over the years, but can’t interest anyone now. “It’s the biggest bargain going, but they won’t look at it.”​

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The Doral resort and Washington hotel, along with a hotel in Chicago, are secured by about $340 million in loans from Deutsche Bank AG(DBKGn.DE), Trump’s biggest lender. But the bank has no appetite for more business with Trump and has no plans to extend the loans after they come due in 2023 and 2024, a senior Deutsche Bank source told Reuters.​

Full:

Insight: Trump's real-estate empire pays the price for poisonous politics

Former U.S. president Donald Trump’s slashing rhetorical style and divisive politics allowed him to essentially take over the Republican Party. His supporters are so devoted that most believe his false claim that he lost the 2020 election because of voter fraud.

www.reuters.com

Trump has only himself to blame.

 

[DrLove]

Trump has only himself to blame.

Yep, the guy could have laid low, done his stupid reality show and played golf. Instead, he invests in a couple dozen failed businesses, became POTUS and attracted the attention of law enforcement for his grifting and tax evasion. The man poisoned himself.

 

[DrLove]

So tell us why that would only work for Trump and not the trillions in the Social Security "Trust Fund"

Waiting patiently

I explained that earlier. $hrub wanted to do it right before his '08 crash. Millions would have lost their nest egg just prior to retirement.

 

[colfax_m]

So you recommend that the Social Security Trust fund be invested in US Equities?

There is no trust fund. It exists on paper alone.

 

[CrusaderFrank]

There is no trust fund. It exists on paper alone.

Were you trying to make a point?

 

[CrusaderFrank]

I explained that earlier. $hrub wanted to do it right before his '08 crash. Millions would have lost their nest egg just prior to retirement.

Stop listening to AOC and Krugman

 

[colfax_m]

Were you trying to make a point?

You ask why don’t they invest the trust fund?

You can’t invest an accounting trick.
Not to mention the market effects of a few trillion dollars being injected to it.

 

[Ordinary Guy]

No shit Jackass, wouldn't his earnings from his resorts be a part of that net worth?

And his network declined, learn to fucking read thug

 

[Superbadbrutha]

And his network declined, learn to fucking read thug

Tell us how much he made at his resorts, redneck.

 

[Ordinary Guy]

Tell us how much he made at his resorts, redneck.

who gives a fuck, he had them before he was president, not from whoring the white house like the obamas and clintons, porch monkey

 

[Superbadbrutha]

who gives a fuck, he had them before he was president, not from whoring the white house like the obamas and clintons, porch monkey

Why are you afraid of answering the question? Is it because it will show you for the Trump Humper you are.

 

[Ordinary Guy]

Why are you afraid of answering the question? Is it because it will show you for the Trump Humper you are.

his net worth went down making your question non relevant, now go back and suck Michelle Obama's dick or Hillary's if you prefer crackers

 

[surada]

If Donald Trump had done this, he could have been five times richer

Sometimes it’s about more than the money.

www.marketwatch.com

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index Funds

Donald Trump traveled an old-fashioned route to fortune. While Trump did have a big head start — his father, Fred, was a multimillionaire New York real estate developer — there’s no doubt The Donald has created a fortune of his own. All he had to do was shift away from real estate and park his...

www.yahoo.com

Fred Trump was a developer in New Jersey.

 

[Superbadbrutha]

his net worth went down making your question non relevant, now go back and suck Michelle Obama's dick or Hillary's if you prefer crackers

That was because of the pandemic, everybody lost money during 2020. He made between 1.6 and 1.7 billion while he was president from his various resorts mainly Mar Lago. How much of that was made off of the Federal Gov't from his many trips there.

 

[Ordinary Guy]

That was because of the pandemic, everybody lost money during 2020. He made between 1.6 and 1.7 billion while he was president from his various resorts mainly Mar Lago. How much of that was made off of the Federal Gov't from his many trips there.

again, his total net worth went down, non relevant. Every President before him saw their net worth go up, now we have Biden the reported his assets of less the 500,000 as VP to Obama. This will be a ridiculous number for hime

 

[Superbadbrutha]

again, his total net worth went down, non relevant. Every President before him saw their net worth go up, now we have Biden the reported his assets of less the 500,000 as VP to Obama. This will be a ridiculous number for hime

He saw his net worth fall from $3.1 billion in 2019 to the current $2.5 billion amid an economic recession brought on by government lockdowns that severely hit industries where Trump held many assets.

Multiple entities also cut ties with the former president during the waning days of his administration after he faced accusations of inciting the Jan. 6 Capitol riot.

The Pandemic and his own stupidity is what caused that decline.

 

[Ordinary Guy]

He saw his net worth fall from $3.1 billion in 2019 to the current $2.5 billion amid an economic recession brought on by government lockdowns that severely hit industries where Trump held many assets.

Multiple entities also cut ties with the former president during the waning days of his administration after he faced accusations of inciting the Jan. 6 Capitol riot.

The Pandemic and his own stupidity is what caused that decline.

not taking a salary and using many of his assets without repayment contributed to it as well, true business people cut ties with other business people all the time, the grass always seems greener.

 

[Superbadbrutha]

not taking a salary and using many of his assets without repayment contributed to it as well, true business people cut ties with other business people all the time, the grass always seems greener.

Not taking a salary, that's funny. How much money did he make off the Federal Gov't every time he went to Mar Lago or one of his other resorts? I bet it was a helluva lot more than $400K a year.