Trump condos scooped up at rock-bottom prices as ’50 percent of people’ refuse to live in them: report

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Former President Donald Trump’s once-sprawling real estate business has taken a major hit ever since he got into politics, and the Associated Press has found that Trump-branded condos are now selling at steep discounts because so many people refuse to live in them.

According to the AP, condos in Trump buildings are now the targets of “bargain hunters” across the United States, as the twice-impeached one-term former president’s deep unpopularity in urban areas has made prospective buyers reluctant to live in them.

“Fifty percent of the people wouldn’t want to live in a Trump building for any reason… but then there are guys like me,” bargain-hunting car dealer Lou Sollecito tells the AP. “It’s a super buy.” Continue reading.

Trump Tower condo prices crash as the president’s toxic brand drives occupancy rates into the ground: No one wants to buy ‘in that building’

President Donald Trump is not a popular man in his home state of New York — and condo prices at his signature Trump Tower in Manhattan are reflecting just how toxic his brand has become.

Bloomberg News reports that most of the Trump Tower condos that have gone on the market since 2016 have been sold at a loss. In fact, property records show that “several” Trump Tower condos have sold at losses of more than 20 percent.

Michael Sklar, who sold his parents’ Trump Tower condo at a loss when adjusted for inflation, tells Bloomberg that it’s very hard for condo owners to find willing buyers.

“No one wants in that building,” he explained. “The name on the building became a problem.”

View the complete May 14 article by Brad Reed of Raw Story on the AlterNet website here.