Trump Properties Have Lost Half Their Value: Capitalism At Work??

[Biff_Poindexter]

Trump-Branded Buildings in Manhattan Have Lost 21 Percent of Their Value

An indication that the gold-plated name has become a toxic asset.

www.curbed.com

"It appears that people simply don’t want to live in a Trump-branded building anymore: Trump-branded properties in Manhattan have lost half their value since Trump took office, according to NYC real-estate data firm UrbanDigs. Even properties that formerly bared Trump’s name are feeling the pinch, losing about 17 percent of their value, compared to a 9 percent drop for Manhattan as a whole. The average price per square foot of a Trump property in 2016 was $3,346. After his election and inauguration, it immediately dropped in 2017 to $1,903, and in 2020 it sunk again, to $1,619. With the days of earning a quick buck by slapping his name on a random product long, long gone, the money is going to have to come from somewhere for Trump, and quickly. The Washington Post reported last week that various Trump properties lost more than $120 million in revenue in 2020, and Trump owes an estimated $340 million in loans coming due in the next few years."

The good thing is, Trump can claim this loss on his taxes as he is used to doing; since he is very familiar with claiming losses. Also, due to COVID, I am sure real estate across the board has suffered -- just not at the rate that Trump's properties have...Hopefully when Trump supporters are done storming state and federal capitol buildings; they can storm some of these leasing offices and rent out some of these properties and give Trump some business...

 

[debbiedowner]

Trump-Branded Buildings in Manhattan Have Lost 21 Percent of Their Value

An indication that the gold-plated name has become a toxic asset.

www.curbed.com

"It appears that people simply don’t want to live in a Trump-branded building anymore: Trump-branded properties in Manhattan have lost half their value since Trump took office, according to NYC real-estate data firm UrbanDigs. Even properties that formerly bared Trump’s name are feeling the pinch, losing about 17 percent of their value, compared to a 9 percent drop for Manhattan as a whole. The average price per square foot of a Trump property in 2016 was $3,346. After his election and inauguration, it immediately dropped in 2017 to $1,903, and in 2020 it sunk again, to $1,619. With the days of earning a quick buck by slapping his name on a random product long, long gone, the money is going to have to come from somewhere for Trump, and quickly. The Washington Post reported last week that various Trump properties lost more than $120 million in revenue in 2020, and Trump owes an estimated $340 million in loans coming due in the next few years."

The good thing is, Trump can claim this loss on his taxes as he is used to doing; since he is very familiar with claiming losses. Also, due to COVID, I am sure real estate across the board has suffered -- just not at the rate that Trump's properties have...Hopefully when Trump supporters are done storming state and federal capitol buildings; they can storm some of these leasing offices and rent out some of these properties and give Trump some business...

Free market.

 

[Mac-7]

If this news is true it means that trump gave up a lot for love of his country

whereas the corrupt swamp rats in both parties go to washington to get rich

 

[JLW]

Unless a Russian Oligarch or a Saudi sheikh bails him out, Trump appears headed to bankruptcy court..again.

 

[Meathead]

Trump-Branded Buildings in Manhattan Have Lost 21 Percent of Their Value

An indication that the gold-plated name has become a toxic asset.

www.curbed.com

"It appears that people simply don’t want to live in a Trump-branded building anymore: Trump-branded properties in Manhattan have lost half their value since Trump took office, according to NYC real-estate data firm UrbanDigs. Even properties that formerly bared Trump’s name are feeling the pinch, losing about 17 percent of their value, compared to a 9 percent drop for Manhattan as a whole. The average price per square foot of a Trump property in 2016 was $3,346. After his election and inauguration, it immediately dropped in 2017 to $1,903, and in 2020 it sunk again, to $1,619. With the days of earning a quick buck by slapping his name on a random product long, long gone, the money is going to have to come from somewhere for Trump, and quickly. The Washington Post reported last week that various Trump properties lost more than $120 million in revenue in 2020, and Trump owes an estimated $340 million in loans coming due in the next few years."

The good thing is, Trump can claim this loss on his taxes as he is used to doing; since he is very familiar with claiming losses. Also, due to COVID, I am sure real estate across the board has suffered -- just not at the rate that Trump's properties have...Hopefully when Trump supporters are done storming state and federal capitol buildings; they can storm some of these leasing offices and rent out some of these properties and give Trump some business...

Can you actually read?

 

[rightwinger]

Unless a Russian Oligarch or a Saudi sheikh bails him out, Trump appears headed to bankruptcy court..again.

Have to sell a lot of MAGA hats

 

[Mac-7]

Free market.

You say that as if you think ”free” is a dirty word

 

[Biff_Poindexter]

Trump-Branded Buildings in Manhattan Have Lost 21 Percent of Their Value

An indication that the gold-plated name has become a toxic asset.

www.curbed.com

"It appears that people simply don’t want to live in a Trump-branded building anymore: Trump-branded properties in Manhattan have lost half their value since Trump took office, according to NYC real-estate data firm UrbanDigs. Even properties that formerly bared Trump’s name are feeling the pinch, losing about 17 percent of their value, compared to a 9 percent drop for Manhattan as a whole. The average price per square foot of a Trump property in 2016 was $3,346. After his election and inauguration, it immediately dropped in 2017 to $1,903, and in 2020 it sunk again, to $1,619. With the days of earning a quick buck by slapping his name on a random product long, long gone, the money is going to have to come from somewhere for Trump, and quickly. The Washington Post reported last week that various Trump properties lost more than $120 million in revenue in 2020, and Trump owes an estimated $340 million in loans coming due in the next few years."

The good thing is, Trump can claim this loss on his taxes as he is used to doing; since he is very familiar with claiming losses. Also, due to COVID, I am sure real estate across the board has suffered -- just not at the rate that Trump's properties have...Hopefully when Trump supporters are done storming state and federal capitol buildings; they can storm some of these leasing offices and rent out some of these properties and give Trump some business...

Can you actually read?

You can't obviously.....

Dropping from 3,300 to 1700 in value in one year isn't a general real estate market thing -- that is a Trump is toxic thing.....

 

[Sunni Man]

Poor Biff boy wakes up in the morning after a long night of having nightmares about Trump and immediately has to start posting about him. ... ...

 

[Biff_Poindexter]

Poor Biff boy wakes up in the morning after a long night of having nightmares about Trump and immediately has to start posting about him. ... ...

and you wake up in the morning the same as you slept....with dick in your throat......IN REAL LIFE

 

[Sunni Man]

 

[pknopp]

To turn things around the properties will be renamed. I noted this weeks ago.

 

[Meathead]

Trump-Branded Buildings in Manhattan Have Lost 21 Percent of Their Value

An indication that the gold-plated name has become a toxic asset.

www.curbed.com

"It appears that people simply don’t want to live in a Trump-branded building anymore: Trump-branded properties in Manhattan have lost half their value since Trump took office, according to NYC real-estate data firm UrbanDigs. Even properties that formerly bared Trump’s name are feeling the pinch, losing about 17 percent of their value, compared to a 9 percent drop for Manhattan as a whole. The average price per square foot of a Trump property in 2016 was $3,346. After his election and inauguration, it immediately dropped in 2017 to $1,903, and in 2020 it sunk again, to $1,619. With the days of earning a quick buck by slapping his name on a random product long, long gone, the money is going to have to come from somewhere for Trump, and quickly. The Washington Post reported last week that various Trump properties lost more than $120 million in revenue in 2020, and Trump owes an estimated $340 million in loans coming due in the next few years."

The good thing is, Trump can claim this loss on his taxes as he is used to doing; since he is very familiar with claiming losses. Also, due to COVID, I am sure real estate across the board has suffered -- just not at the rate that Trump's properties have...Hopefully when Trump supporters are done storming state and federal capitol buildings; they can storm some of these leasing offices and rent out some of these properties and give Trump some business...

Can you actually read?

You can't obviously.....

Dropping from 3,300 to 1700 in value in one year isn't a general real estate market thing -- that is a Trump is toxic thing.....

I forgot you're black, so it's math you don't get. Sorry. Hard stuff for some. We get it.