At Chicago's Trump Tower, an "amazing" number of condos available for sale or rent

[pnwmom]

http://www.chicagotribune.com/business/ct-chicago-trump-tower-exodus-0425-20170424-story.html

Chicago's Trump Tower has an unusually large number of condominiums for sale and for rent, and real estate agents predict that a glut of available units in the building may pressure owners to drop their prices.

Already renters in Trump Tower say they have been able to get sizable discounts.

Bearing the president's name in massive letters, one of the most exclusive buildings downtown has taken on political overtones since Donald Trump's presidential campaign. About 10.7 percent of the building's 486 residential units are currently for sale — a far higher percentage than comparable downtown condo buildings.

"I've never seen such a glut" of condos for sale, said real estate agent Carla Walker of KoenigRubloff Berkshire Hathaway. "When people live where they've paid $1.5 million and up, they don't want to see people hanging out and demonstrating. And there's still a stigma there for some people."

While it's not clear just how many of the sales in the building are being driven by politics, it is evident that far more units are up for sale than in other large luxury buildings in the downtown area.

SNIP

[hatrack]

1. HUUUUUUUUGE Vacancy Rates!

[dchill]

3. Like the world has never seen!

That I can tell you.

[PJMcK]

2. I've got a serious question

WHY WOULD ANYBODY EVER WANT TO BUY AN APARTMENT WITH THE NAME "TRUMP" ON IT?!

(caps off)

[BigmanPigman]

5. Owners of condos in one of his NY buildings

can't give there properties away. They even tried to use their own money to have his name removed from the building. Keith Olbermann had to take a loss on his condo.

[frazzled]

6. It didnt have the yuuuge Trump sign in the beginning

I guess some people bought before that embarrassment. The city tried to force him to take it down, but unfortunately it turned out not to break any ordinances—mainly because no ordinance had foreseen such a bloviated travesty.

[irisblue]

4. Looki g for sympathy...

Wait...

[Pachamama]

7. You mean the Russians arent buying?

[Wellstone ruled]

8. Most likely these Units are

Russian Owned via Deutche Bank. There are only so many Buyers for these Projects. And there are Condo Projects with better locations and better management available.

[brush]

9. Yes, the money laundering business is being closely scrutinized nowadays. It's Mueller time.

[Wellstone ruled]

10. Seen this damn Building,and why would

you want to live there. All your services for day to day needs are way out of the way.