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Thread: Trump Sold $35 Million Of Real Estate In 2018

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    Trump Sold $35 Million Of Real Estate In 2018

    Much of the $35 million profit came from one sale that fell under the auspices of HUD. Can you say "conflict of interests"?

    Trump Sold $35 Million Of Real Estate In 2018

    Donald Trump sold an estimated $35 million worth of real estate while serving in the White House last year, according to a Forbes analysis of local property records and federal filings. Although the president delegated day-to-day management of his assets to his sons Eric and Don Jr. upon taking office, he maintained ownership of his business, which continued to liquidate properties.

    More than half of that $35 million came from a single deal, in which Trump and business partners offloaded a federally subsidized housing complex in Brooklyn for about $900 million. The president held a 4% stake in the property, according to his personal financial disclosure report. After subtracting roughly $370 million in debt, Forbes estimates Trump walked away with $20 million or so before taxes. The deal required approval from officials inside the Department of Housing & Urban Development, which rolls up to Donald Trump.
    Then there is this bit of news, similar to the ways Russians have bought Trump properties in Miami and Palm Beach.
    In Las Vegas, the president sold 36 units for $11 million inside his 64-story tower, which he owns in a 50-50 partnership with casino tycoon Phil Ruffin, according to an analysis of the latest public records. Trump’s cut of those deals amounted to an estimated $5.5 million before taxes. One-third of the Las Vegas condo customers purchased their units through limited liability companies, a move that allows buyers to shield their true identities.

    In other words, people were pumping cash into the president’s coffers without disclosing who they were.
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    Re: Trump Sold $35 Million Of Real Estate In 2018

    Good for him. He liqudated assetts to keep up his cash balance.

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    Re: Trump Sold $35 Million Of Real Estate In 2018

    I'm thinking this is the least of Trump's problems, right now.....
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    Re: Trump Sold $35 Million Of Real Estate In 2018

    Quote Originally Posted by Rexedgar View Post
    I'm thinking this is the least of Trump's problems, right now.....


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    Re: Trump Sold $35 Million Of Real Estate In 2018

    OMG... panic!!! (We have far more important things to talk about, like the partial shutdown... or, Russia.)
    "Democracy without respect for individual rights sucks. It's just ganging up against the weird kid, and I'm always the weird kid." - Penn Jillette.

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    Re: Trump Sold $35 Million Of Real Estate In 2018

    Quote Originally Posted by Tom Horn View Post
    Good for him. He liqudated assetts to keep up his cash balance.
    Damn that pesky Constitution. Always gets in the way.

    Too bad people like Trump wipe their ass with it every day, and people like you are OK with it.


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    Re: Trump Sold $35 Million Of Real Estate In 2018

    Quote Originally Posted by Tom Horn View Post
    Good for him. He liqudated (sic) assetts (sic) to keep up his cash balance.
    Of course, you ignore the corrupt implications of selling assets to unknown people. They could be Russian oligarchs -- which would be another violation of the emolument clause of the constitution but IOKIYAR.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Trump Sold $35 Million Of Real Estate In 2018

    Quote Originally Posted by Somerville View Post
    Much of the $35 million profit came from one sale that fell under the auspices of HUD. Can you say "conflict of interests"?



    Then there is this bit of news, similar to the ways Russians have bought Trump properties in Miami and Palm Beach.
    fascinating
    Currently on Strike......PM's Only....And only for the far too few who manage civility.

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    Re: Trump Sold $35 Million Of Real Estate In 2018

    They wouldn't let Jimmy Carter own a peanut farm.

    Right wingers will excuse anything.
    “personal attorney” to Individual-1, who at that point had become the President of the United States
    Quote Originally Posted by apdst View Post
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    Re: Trump Sold $35 Million Of Real Estate In 2018

    Quote Originally Posted by Deuce View Post
    They wouldn't let Jimmy Carter own a peanut farm.

    Right wingers will excuse anything.
    Carter wasn't a good cult leader.

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