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OK, So here is the thing with Trump.

I have been saying exactly this regarding Trump having non equity in his properties and also that he has sought dodgy loans in exchange for influence with foreign governments in the past and will again. It seems Americans are finally catching up..馃樂
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jehova31-35, M
I thought it was fairly obvious. New york isnt gonna play this game. He knew/knows that.
Patriot9656-60, C
@jehova it will be a financial looser within 2 years
jehova31-35, M
@Patriot96 it already has been. With trump tower as only one example.
Patriot9656-60, C
@jehova name another
jehova31-35, M
@Patriot96 i wanna say the trade towers were becoming that.
jehova31-35, M
@Patriot96 my point is with oversight rent taxes etc. Its in general a financial lose.
whowasthatmaskedman70-79, M
@jehova NY already placed a lein on all his properties in NY state, and seems to be indicating Westchester as the first target. I can speculate as to why that one. But I will keep mu powder dry until I know more..馃樂
jehova31-35, M
@whowasthatmaskedman good choice. I dont actually know what i said is fact but the data i have suggests strongly its not a winnable equation.
Patriot9656-60, C
@whowasthatmaskedman my thought is trump is in better shape without the Towers. Now its nyc problem
whowasthatmaskedman70-79, M
@jehova Trumps habit of fudging valuations only makes any actual returns look worse in fact..馃樂
jehova31-35, M
@Patriot96 that is truth.
jehova31-35, M
@whowasthatmaskedman lol dug his own 'grave' on borrowed land might be a burial at sea?
whowasthatmaskedman70-79, M
@Patriot96 Thats a fair point .. Of course, it means he will have to pay off any loans secured against it..Lets hope they dont add up to more than the sale price../馃樂
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Patriot9656-60, C
@whowasthatmaskedman im not up on realestate laws.. i would default on the ny property. What wil, they do
whowasthatmaskedman70-79, M
@Patriot96 On some straight Residential Mortgages there used to be a walk away provision, where you just hand back the keys and its over. But in this case, Trump has multiple loansm using the value of the property as collateral. And the loan is on him if the collateral disappears.. So dragging numbers out of the air for example. Trump values a building at $200 Million and borrows $180Million. All good until he has the building seized and sold and it only fetches $150 Million. Now the people who loaned him the money want their $180 Million.. You see the problem I think.. And lets remember, this whol courtcase was about Trumps building valuations going up and down like a Yo yo..And there are criminal proceedings still pending on it..馃樂