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Trump Tower debt placed on watchlist

Allan

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BlueTex

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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...


She should sue her realtor....


 
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calamity

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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..
This
 

SNOWFLAKE

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Trump will be fine.He's a smart businessman.
Trump gives a thumbs up
get.gif
 

Big Steve

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NYC has had modest population growth so far in 2021.

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"...
 

Big Steve

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She should sue her realtor....



For what?

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

Big Steve

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I'm not sure how your posts are supposed to help defend Trump. He bankrupted casinos. Doesn't matter if others also ****ed up.

It's indicative of the problem existing throughout the industry...
 

BlueTex

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For what?

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

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....
 

Big Steve

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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....

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...
 

BlueTex

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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...


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

Big Steve

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

Yes, that's exactly the problem.

I applaud your understanding of the problem. Your math skills? Not so much...
 

Rexedgar

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Howsabout you go read the article. That's why I provided the link...
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?
 
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Big Steve

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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?

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
 

Allan

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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...
NYC residential prices doubled in the 2010s and have continued to rise since then. Your friends substantially overpaid.
 

SNOWFLAKE

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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"...
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:
 

Rexedgar

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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
Your link is dated/updated in 2021. Pandemic and the associated restrictions come into play, not so much 20-30 years ago.

1632057221265.jpeg
 

Big Steve

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NYC residential prices doubled in the 2010s and have continued to rise since then. Your friends substantially overpaid.

They paid around market value for the time...
 

Big Steve

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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:

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...
 
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