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.