• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Trump Tower debt placed on watchlist

Big Steve said:
The problem is, thanks to DeBlasio, people want to get the Hell out of New York City.

A friend of mine and her husband bought a beautiful apartment on the upper west side back in 2005. They paid $2.1 million for it. Her husband passed away two years ago and she wants to sell it. The best offer she's had for it is $990,000.

There's no reason to think that Trump Tower would be, somehow, immune to the chaos created by both the former Governor of New York and the Mayor of New York City.

I love New York City. But it's faded shadow of what it used to be and, sadly, the real estate market took an enormous hit there...
Click to expand...


She should sue her realtor....

www.cnbc.com

Manhattan real estate prices reach record as buying 'frenzy' takes hold

The price jumps and shrinking inventory suggest the Manhattan real estate rebound is continuing to gain momentum.
www.cnbc.com www.cnbc.com

www.businessinsider.com

Inside young New Yorkers' 'wild ride' of Delta-era apartment hunting as they swarm 80-person open houses, realtors ghost, and rents skyrocket

Listings are few, brokers are unresponsive, and prices are high as young professionals and students vie for their own New York City rental pad.
www.businessinsider.com www.businessinsider.com
 
Last edited:
SenorXm/Sirius said:
And Trump's PAC is renting out part of Trump Towers, spending almost $40,000 a month in rent, for 3 people, who BTW work mostly from HOME!!!! LOL So people are giving him political donations and Trump's putting that money right in his pocket.... lol

Once a conman, always a conman..
Click to expand...
This
 
gulfman said:
Trump will be fine.He's a smart businessman.
Trump gives a thumbs up
Click to expand...
get.gif
 
Allan said:
NYC has had modest population growth so far in 2021.
Click to expand...

I don't know what you're looking at, but the current population growth for the New York City Metropolitan area is only around .1% in 2021. That might be modest growth for someplace like Corner Brook, Newfoundland, but it's just not all that impressive for one of the largest cities in the United States. Also, you have to take into account that, last year, real estate prices took a nose dive straight into the toilet. Undoubtedly people are taking advantage of the depressed market, accounting for the increase.

Anyway, the "upper west side" I mentioned refers specifically to Manhattan, which does not encompass all of New York City.

This is a picture of New York City:

1140-trv-dst-times-square-night.jpg



So is this:

1-View_east_along_Charlotte_St._fr.2e16d0ba.fill-661x496.jpg



Last year, my brother and I sold our late Aunt's townhouse about an hour north of Manhattan. When we first met with the real estate agent, she said she'd have the place sold in a week. Four days after it was listed we accepted an offer which was $20,000 over the listing price. The buyers were a couple who were in the process of selling their property, at a loss, in New York City. As for why they were willing to take the financial hit, according to the husband "I don't have much more blood to bleed"...
 
BlueTex said:
She should sue her realtor....

www.cnbc.com

Manhattan real estate prices reach record as buying 'frenzy' takes hold

The price jumps and shrinking inventory suggest the Manhattan real estate rebound is continuing to gain momentum.
www.cnbc.com www.cnbc.com

www.businessinsider.com

Inside young New Yorkers' 'wild ride' of Delta-era apartment hunting as they swarm 80-person open houses, realtors ghost, and rents skyrocket

Listings are few, brokers are unresponsive, and prices are high as young professionals and students vie for their own New York City rental pad.
www.businessinsider.com www.businessinsider.com
Click to expand...

For what?

Buying real estate is no different than any other type of investing. It involves risk, and sometimes that risk is great...
 
Allan said:
I'm not sure how your posts are supposed to help defend Trump. He bankrupted casinos. Doesn't matter if others also ****ed up.
Click to expand...

It's indicative of the problem existing throughout the industry...
 
Big Steve said:
For what?

Buying real estate is no different than any other type of investing. It involves risk, and sometimes that risk is great...
Click to expand...

If you are losing money on a property owned six years in the one of the hottest real estate markets in the country, you are either an idiot or your realtor is an idiot....
 
BlueTex said:
If you are losing money on a property owned six years in the one of the hottest real estate markets in the country, you are either an idiot or your realtor is an idiot....
Click to expand...

They bought the property in 2005.

Now, I don't know where you're from but, 'round these here parts, that's a Helluva' lot longer than six years...
 
Big Steve said:
They bought the property in 2005.

Now, I don't know where you're from but, 'round these here parts, that's a Helluva' lot longer than six years...
Click to expand...


Even more reason why this story is bullshit.... They have held the property for SIXTEEN years and would sell at a loss in NYC?
 
BlueTex said:
Even more reason why this story is bullshit.... They have held the property for SIXTEEN years and would sell at a loss in NYC?
Click to expand...

Yes, that's exactly the problem.

I applaud your understanding of the problem. Your math skills? Not so much...
 
Big Steve said:
Howsabout you go read the article. That's why I provided the link...
Click to expand...
How’s about you answer the question?

How many casino bankruptcies are all under one ownership?

Trump managed 6.
1991
1992…….this was a banner year, three Trump casinos cashed in
2004
2009

These, as has been brought to your attention, were in a time of success, no pandemic, no economic uncertainty……..


What cha got?
 
Last edited:
Rexedgar said:
How’s about you answer the question?

How many casino bankruptcies are all under one ownership?

Trump managed 6.
1991
1992…….this was a banner year, threee Trump casinos cashed in
2004
2009

These, as has been brought to your attention, were in a time of success, no pandemic, no economic uncertainty……..


What cha got?
Click to expand...

He owned more casinos. When the industry gets hit, it's going to hit him more.

This pretty much let's you know why casinos fail, and it's not because of someone's named being associated with it:

https://easy.vegas/casinos/profits
 
Big Steve said:
They bought the property in 2005.

Now, I don't know where you're from but, 'round these here parts, that's a Helluva' lot longer than six years...
Click to expand...
NYC residential prices doubled in the 2010s and have continued to rise since then. Your friends substantially overpaid.
 
Big Steve said:
This is a picture of New York City:




So is this:

1-View_east_along_Charlotte_St._fr.2e16d0ba.fill-661x496.jpg



Last year, my brother and I sold our late Aunt's townhouse about an hour north of Manhattan. When we first met with the real estate agent, she said she'd have the place sold in a week. Four days after it was listed we accepted an offer which was $20,000 over the listing price. The buyers were a couple who were in the process of selling their property, at a loss, in New York City. As for why they were willing to take the financial hit, according to the husband "I don't have much more blood to bleed"...
Click to expand...
THIS FOLKS ^^^ is what dishonest commentary looks like.
I was curious about the picture, clicked on it, and it reads Charlotte St. in NY.
The trouble is that Steve said this "is" what this street in NY looks like.
WRONG!
That is what Charlotte St. in NY used to look like, now it looks like this:
cms.prod.nypr.jpg
When a person posts deliberately false pictures to create a deliberately false narrative, then we need to call them on it, for anyone who doubts if this is how Charlotte St. in NY looks NOW, read this:
gothamist.com

From Fiery Wasteland To City Suburbia: The Transformation Of Charlotte Street In The South Bronx

As part of our monthlong Dear NYC series, we're looking at New York City gems hidden away at the New York Public Library.
gothamist.com gothamist.com
 
Big Steve said:
He owned more casinos. When the industry gets hit, it's going to hit him more.

This pretty much let's you know why casinos fail, and it's not because of someone's named being associated with it:

https://easy.vegas/casinos/profits
Click to expand...
Your link is dated/updated in 2021. Pandemic and the associated restrictions come into play, not so much 20-30 years ago.

1632057221265.jpeg
 
Allan said:
NYC residential prices doubled in the 2010s and have continued to rise since then. Your friends substantially overpaid.
Click to expand...

They paid around market value for the time...
 
SNOWFLAKE said:
THIS FOLKS ^^^ is what dishonest commentary looks like.
I was curious about the picture, clicked on it, and it reads Charlotte St. in NY.
The trouble is that Steve said this "is" what this street in NY looks like.
WRONG!
That is what Charlotte St. in NY used to look like, now it looks like this:
View attachment 67354687
When a person posts deliberately false pictures to create a deliberately false narrative, then we need to call them on it, for anyone who doubts if this is how Charlotte St. in NY looks NOW, read this:
gothamist.com

From Fiery Wasteland To City Suburbia: The Transformation Of Charlotte Street In The South Bronx

As part of our monthlong Dear NYC series, we're looking at New York City gems hidden away at the New York Public Library.
gothamist.com gothamist.com
Click to expand...

Mea Culpa.

I admit to grabbing the first photo I saw. It wasn't "deliberate", it was an oversight.

I guess you've just got more time on your hands.

Now, with that said, there are still plenty of areas in New York City which resemble the photo I posted.

This looks like a real garden spot, doesn't it?

Queensbridge-Houses-NYCHA-wikimedia.jpg


"The Projects". That photo is, so far as I can tell, from 2020...
 
You must log in or register to reply here.
Back
Top Bottom