Happy Hour News
Politico/Tiger Beat on the Potomac kicks Lord Damp Nut in the sack (I mean, if they could find it, and also: ewww, gross!):
“…An 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.”
And of course there is the anecdata story (there always is):
“Fifty percent of the people wouldn’t want to live in a Trump building for any reason … but then there are guys like me,” says Lou Sollecito, a car dealer who recently bought a two-bedroom unit with views of the Empire State Building. “It’s a super buy.”
The purchase price was $3 million, nearly a million less than the seller paid in 2008.
I dunno if it is more/less difficult to money-launder if the bottom falls out of the market.