Prices at Trump's NYC buildings have plummeted in the latest sign that his name is 'radioactive'

[Suburban Warrior]

https://www.businessinsider.com/trump-tower-buildings-value-real-estate-prices-2021-1

After a tumultuous one-term presidency, a violent insurrection by supporters, and a retirement to Florida, the Trump name has attracted some negative connotations. And his real-estate holdings are feeling the heat: According to Curbed's analysis of a report from real-estate data firm UrbanDigs, Trump-branded Manhattan properties have lost half their value since Trump first took office.

UrbanDigs — which looked at the seven luxury buildings in Manhattan that still bear the Trump moniker, and three that used to — found that even properties that formerly had Trump in their names lost 17% of their value since 2016. By comparison, the overall price per square foot decline in Manhattan over the same period was just 9%.

In 2016, the average price per square foot in seven NYC properties run by his real-estate behemoth, the Trump Organization, was $3,346, according to the report. In 2017, following Trump's election and inauguration, that figure sunk to $1,903; by 2020, it was at $1,619. That's a drop of 51% from its 2016 price.

The average price per square foot for Manhattan properties was $1,995 in 2016, dipping to $1,815 in 2020 — a mere 9% decrease, Curbed notes.

[Dem2theMax]

1. ...

[JI7]

2. I love seeing this type of news. His business(scam) being shut down makes me more happy

than the thought of him going to prison but of course that would be nice also.

[Blue Owl]

3. Turning to shit in real time

[brush]

4. That's the story of all his business ventures since his casino days.

First his daddy had to bail him out, then the Russians did over a forty-year courtship of an asset, then he got lucky with that reality show the painted him as a huge business success, the actual opposite of reality.

Now he's getting his comeuppance in spades as even his insurrection was a failure.

[mopinko]

5. i cant wait to see the chicago tower on the auction block.

it never did sell out, and the ground floor retail was never leased.

[dansolo]

6. Values were probably overinflated

How many of those properties are even occupied? Foreigners are no longer looking to buy his properties to curry favors.