General Discussion

MineralMan

(151,343 posts)

28. The problem is in finding a buyer for any property.

Tue Mar 19, 2024, 02:46 PM

Mar 2024

That one is limited in its usefulness, I think, and there are many restrictions on its use, so its value is diminished. And, as you said, and as I described, it's probably not in prime condition any longer. Might even smell a bit Trumpish, too.

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When Trump Has to Sell off Properties, Under Duress, Surprises Will Come [View all] MineralMan Mar 2024 OP

Here's a really interesting article on some of his holdings. CrispyQ Mar 2024 #1

I'm not surprised, actually. MineralMan Mar 2024 #7

Yes, all those dirty little secrets that PatSeg Mar 2024 #19

The public humiliation will be something to see. malaise Mar 2024 #37

But 'they' will love him even more. He's being persecuted, just like Jesus. erronis Mar 2024 #42

"Treated worse than Lincoln." rubbersole Mar 2024 #61

Jesus owned high-rise real estate in Manhattan? Wednesdays Mar 2024 #63

Some will, wanting to embrace their mythical dreams. Eyeball_Kid Mar 2024 #65

And then there is leverage Maeve Mar 2024 #2

Between taxes and loans most will be sold for loss.. JT45242 Mar 2024 #59

I don't know, trump probably has 2 million in equity in trump tower, since the last time he mortgaged it. Omnipresent Mar 2024 #102

I think you are correct. Happy Hoosier Mar 2024 #3

Can we nominate people for literary awards and/or poetic genius? Attilatheblond Mar 2024 #10

That pretty much sums up everything about Trump PatSeg Mar 2024 #21

Stench enid602 Mar 2024 #78

Ha, ha, ha!!! PatSeg Mar 2024 #80

Gilded Emptiness alterfurz Mar 2024 #88

"Gilded Emptiness" PatSeg Mar 2024 #89

Why you're wrong. Anal Fistula would not hesitate to repair the properties. 3Hotdogs Mar 2024 #58

Pootie probably picked up that tab... rubbersole Mar 2024 #64

Clever! 70sEraVet Mar 2024 #83

It will be very interesting. We know that the properties have been grossly overvalued, Ocelot II Mar 2024 #4

One Example I Recall ProfessorGAC Mar 2024 #48

Know the story well MissLilyBart Mar 2024 #62

I Had The Numbers Wrong ProfessorGAC Mar 2024 #71

Hopefully he used the same method on MaraLago. LiberalFighter Mar 2024 #5

No doubt he did. Aside from the portions of it he occupies, MineralMan Mar 2024 #6

Just a reminder: Trump Plaza Hotel and Casino was ruled a hazard, and demolished. eppur_se_muova Mar 2024 #8

True. MineralMan Mar 2024 #11

He had not owned it for 5 years when it was torn down. MichMan Mar 2024 #12

takes longer than 5 years for a casino building to deteriorate. Started under his watch. ZonkerHarris Mar 2024 #27

How in god's name do you bankrupt a casino? Ray Bruns Mar 2024 #92

There are quite a few that have declared bankruptcy MichMan Mar 2024 #98

Sure would be nice if that high-rise on the beautiful Chicago riverfront were stripped of his name Blue Owl Mar 2024 #9

Yes, it sure would. A few years ago, maybe 2018, we did an architechtural... 3catwoman3 Mar 2024 #72

Shout out for the architectural river cruise in Chicago. I've done it twice. You will learn a lot. OMGWTF Mar 2024 #99

"behind painted facades" is the tfg business model prodigitalson Mar 2024 #13

Yup. In all things. MineralMan Mar 2024 #14

Do bodies poured into the slabs and foundations reduce the value of a building? NBachers Mar 2024 #15

Only if they smell. MineralMan Mar 2024 #16

I'm waiting for all the Chinese and Saudi nationals to leave like rats on a sinking ship. flying_wahini Mar 2024 #17

It won't be pretty---it'll be GORGEOUS. (nt) Paladin Mar 2024 #18

I think a lot of people are going to find out Mr.Bill Mar 2024 #20

Well, bring it on! calimary Mar 2024 #39

As someone else speculated... Shipwack Mar 2024 #46

He said Saudis would pay anything...for MAL I believe. Maintenance aside, another potential problem wiggs Mar 2024 #22

K&R n/t ms liberty Mar 2024 #23

He may have to sell COL Mustard Mar 2024 #24

in top form col.! nt et tu Mar 2024 #85

Putin will be happy to pay more than something is worth... ECL213 Mar 2024 #25

Only if Trump is re-elected, though. MineralMan Mar 2024 #30

Putie may have to borrow from the NORKs who need the Chinese to bail them out... erronis Mar 2024 #43

So why isn't he? MorbidButterflyTat Mar 2024 #69

To see if some other sucker does it first. ECL213 Mar 2024 #108

I totally agree, MM. Michael Popok, who for Quakerfriend Mar 2024 #26

The problem is in finding a buyer for any property. MineralMan Mar 2024 #28

Ug. MorbidButterflyTat Mar 2024 #70

He has to be right up to his fanny in MOMFUDSKI Mar 2024 #29

Or even over his head, it seems to me. MineralMan Mar 2024 #31

I agree. The value of the building Ivana was given in their divorce was far less than stated... Hekate Mar 2024 #32

Fair Market Value, what a multigraincracker Mar 2024 #33

I will celebrate the day Trump files for bankruptcy, but RipVanWinkle Mar 2024 #34

Trump has used bankruptcy many times in the past. MineralMan Mar 2024 #49

i think he has 6 business bankruptcies but no personal bankruptcy orleans Mar 2024 #57

Good point and moniss Mar 2024 #35

TAXES. Don't forget taxes. And mortgages. DinahMoeHum Mar 2024 #36

Nothing about his finances will surprise me NanaCat Mar 2024 #38

One of the reasons he's on the whine trail right now. Complaining about having to "fire sale" some property. bluesbassman Mar 2024 #40

I find this to be 100% believable. ShazzieB Mar 2024 #41

There's a certain perfect symmetry to Trump's financial downfall. sop Mar 2024 #44

Eventually, stuff comes back on you at the very worst times. MineralMan Mar 2024 #50

His only chance of survival is in our hands to deny. mobeau69 Mar 2024 #79

The question I have is, to what extent are his real estate assets leveraged? patphil Mar 2024 #45

Yeah, none of us know. Trump may not even know. MineralMan Mar 2024 #51

And there's one other thing to consider here. patphil Mar 2024 #67

i remember when landlords were forced to live in 1 of their buildings that are deathtraps . does that still go on? AllaN01Bear Mar 2024 #47

Yeah, I don't think they do that. MineralMan Mar 2024 #52

The Super was a movie MichMan Mar 2024 #100

Looking forward to this Beachnutt Mar 2024 #53

Yup. Put a boot on it and call the tow truck. MineralMan Mar 2024 #54

He doesn't even own some of them. He licenses the use of the name, Trump - which is now worth 'Shit'. Joinfortmill Mar 2024 #55

Yes, that's true, too. MineralMan Mar 2024 #56

i still want to see his tax returns.!! dang nabbit jim!!! AllaN01Bear Mar 2024 #60

me too et tu Mar 2024 #86

I assume everything will get a legit appraisal. onecaliberal Mar 2024 #66

I don't think he's going to sell them off Warpy Mar 2024 #68

Um............ MorbidButterflyTat Mar 2024 #73

Lol! MineralMan Mar 2024 #75

"...When he is forced to liquidate asses..." generalbetrayus Mar 2024 #95

It sounds like Danascot Mar 2024 #74

Like: who really owns all that stuff, that TFG is a cover for Russian gangsters? marble falls Mar 2024 #76

take that n.j. golf course and check ivana's coffin for ivana nt orleans Mar 2024 #77

so when someone puts their foot through the rotted drywall and a pile of roaches and bedbugs falls out... Takket Mar 2024 #81

Will Bankruptcy Be the Thing that Finally Brings the Trump Monster Down??? panfluteman Mar 2024 #82

Spy Magazine toured the public areas of Trump Tower nuxvomica Mar 2024 #84

'everything he touches dies' nt et tu Mar 2024 #87

He's put his name on lots of stuff he doesn't really own IronLionZion Mar 2024 #90

Like secret documents belonging to the government? Wicked Blue Mar 2024 #91

Red tag every one of his boilers in his NY buildings. Hotler Mar 2024 #93

no matter what it's technically 'worth' ShepKat Mar 2024 #94

We will find out he is not a billionaire at all RainCaster Mar 2024 #96

Trump won't be selling any properties to make his bond. republianmushroom Mar 2024 #97

I think we'll have to wait to find out. atreides1 Mar 2024 #101

Is it a possibility that some of the people he is relying on to bail him out.... ColinC Mar 2024 #103

You don't understand how this works brooklynite Mar 2024 #104

You are absolutely right! Groundhawg Mar 2024 #105

He's abut to get billions from the sale awesomerwb1 Mar 2024 #106

That's ghost money. MineralMan Mar 2024 #107