![]() ![]() ![]() Banks vowed not to lend to him, the PGA canceled a tournament at his New Jersey golf course and New York City fired him as manager of a public course in the Bronx. Within a year into his presidency, hotels and condo buildings in Panama, Toronto and Manhattan that paid millions to use his name started stripping it off their facades.Īfter Trump was accused of whipping up the mob that stormed the Capitol on 6 January, things got really bad. Still, Trump’s red-meat rhetoric and policies haven’t helped. Many units for sale are in cities that were hit hard by the pandemic or in hotels that had to shut down or in condo buildings much older than their competitors, making comparisons difficult. Just how much the Trump name is to blame is impossible to say. It was his second purchase in the building this year and may not be his last. “They’re giving them away,” says Lane Blue, who paid $160,500 in March for a studio in Trump’s Las Vegas tower, $350,000 less than the seller paid in 2008. That’s a plunge that outpaces drops in many similar buildings, leaving units for sale in Trump buildings to be had for hundreds of thousands to up to a million dollars less than they would have gone for years ago. ![]() It’s a stunning reversal for a brand that once lured the rich and famous willing to pay a premium to live in a building with Trump’s gilded name on it.Īn Associated Press review of more than 4,000 transactions over the past 15 years in 11 Trump-branded buildings in Chicago, Honolulu, Las Vegas and New York found prices for some condos and hotel rooms available for purchase have dropped by one-third or more. The purchase price was $3m, nearly a million less than the seller paid in 2008.īargain hunters are swooping in to take advantage of prices in Trump buildings that have dropped to levels not seen in over a decade, a crash brokers attribute to a combination of the former president’s polarizing image and the coronavirus pandemic. ![]()
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