defcon4
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- Jan 26, 2015
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"Foreign investment in the United States real estate is a major source of investment in the United States, facilitated by an open economy legislation (foreign individuals and corporations are free to purchase residential or commercial real estate). [...] In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market."So Trump will get a ton of foreigners to buy up American property? That will be a shock to many of his supporters.Of course Trump Jr. was talking about Russian investors wanting to get in on Trump's over 500 businesses because he make so much money for investors. He will do the same for all of America when he moves into the WH.An explanation for why Trump is such a brown noser when it comes to Putin, and why he must never release his tax returns if he hopes to stay in the race for President:
In 2008, Trump’s son Donald Trump Jr. said at a New York real estate conference that “Russians make up a pretty disproportionate cross-section of a lot of our assets.” Referring to the Trump Organization, where he works with his father, he added that “we see a lot of money pouring in from Russia.”
That boast would make perfect sense. Following the bankruptcy of Trump Hotels and Casinos Resorts in 2004 — which involved three casinos in Atlantic City and one in Indiana, and allowed Trump to get out from under an estimated $1.8 billion in debt — banks became wary of lending to Trump, according to widespread reports.
A 2010 federal lawsuit alleged that much of the money that financed the Trump SoHo luxury hotel development in Manhattan, which broke ground in 2006, came from a shadowy Iceland-based corporate entity. The suit alleged that “the money behind” the firm was “mostly Russian,” and that the Russians involved “were in favor with Putin.”
Trump loves Vladimir Putin. Could his tax returns explain why?
Foreign investment in the United States real estate - Wikipedia, the free encyclopedia
Nothing is new about foreign investors investing in U.S. properties. What's your point?