Into the Night
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Guno צְבִי;5913280 said:Oh no! another flyover country rube thread that NY is finished![]()
Already happened, Sock. Get your tenses right.
Guno צְבִי;5913280 said:Oh no! another flyover country rube thread that NY is finished![]()
Utter nonsense.
No one is coming to replace the major investors that are cutting out.
"Create a Crime" has effectively screwed New Yorkers out of $BILLIONS of investment they desperately need.
Read/watch the OP links.
A real estate investor based in Florida is going to flee NY and instead invest in Florida?
Is this another "Florida Man" story?
Florida man threatens to flee NY and stay in Florida!!!
https://cardonecapital.com/real-estate-investing/
Trump Fraud Ruling Could Devastate New York Economy
....If the rulings stand, “blue-state politicians may have the satisfaction of ‘sticking it’ to Messrs. Trump and Musk, but the loss to those states will be significant,” the op-ed continues.
That already appears to be the case, as some business leaders have indicated they are shutting down operations in the Empire State.
As Fox Business reported shortly after the Trump ruling was handed down, “Some nationwide real estate investors, like Cardone Capital’s Grant Cardone, have started telling their teams to pack their bags and leave New York after the verdict in former President Trump’s fraud trial.”
Cardone told the network that when he heard about the verdict, “it was like, pencils down. Don’t touch it. Don’t go there.”
“Shark Tank” star Kevin O’Leary has also announced that he will no longer be investing in “loser” New York, saying that he “can’t even understand or fathom the decision at all.” O’Leary advised other real estate investors to follow suit and told The New York Post that he had heard from several peers in the business world who intended to shun New York.
In a separate interview with NewsNation, O’Leary added that the Trump judgement came from a “rogue judge,” referring to Judge Arthur Engoron, who decided the case. As Rich Lowry wrote for National Review, Engoron’s decision “is the handiwork of an elected Democratic judge in a case brought by an elected Democratic prosecutor [New York Attorney General Letitia James] who pledged in her election campaign to pursue Trump.”
O’Leary and other real estate experts have likewise noted the absurdity of the case against Trump, which is based on claims that he inflated the actual value of his real estate holdings in order to secure more favorable loan terms for future projects. As O’Leary put it when discussing the case last year, “Every single real estate developer everywhere on earth does this. They always talk about their asset being worth a lot and the bank says no. That’s just the way it is.”
As Bush and Lonsdale also noted in the Journal, “Bankers from Deutsche Bank, which lent money to Mr. Trump, testified that they were satisfied with having done so, given they were paid back on time and with interest. They also testified that they were uncertain whether the alleged exaggerations would have affected the terms of the loans to Mr. Trump—a key part of Ms. James’s case.”
https://amac.us/newsline/economy/tr...hortly,former President Trump's fraud trial.”
Really? Where did the invest in NYC? According to their website all their major investments are in Florida and Texas with one investment in Arizona, Georgia and Alabama.
I don't lie to myself. I rely on actual facts which is why I checked their investment page on their website.
https://cardonecapital.com/investments/
Are you accusing Cardone of violating SEC rules by using investor money in places they don't tell them about?
“major investors,” all I’ve seen is half dozen demagogued in the right wing media, and as I said, it is NYC, other “major investors” will step right in to replace them
Get real, it is New York, ain’t Topeka, Kansas, one comes, one goes, and New York continues to be New York
All the crooked ones are leaving the state. Isn't that a good thing?
They can all go to Florida and sell swamp land. W00t!![]()
...and crooked business owners to do the same. They know when it's time to fold the carnival tent and move to easier pickings. Florida, amirite? LOL
How many old geezers will dump $100K into a Florida real estate deal and end up owning a half acre alligator pond, Terry?
Is that what happened to you?
Avarice. The guy is worth $400 million.O'Leary, a Canadian, runs a fund that loses money for investors. Notwithstanding his claims to be a genius.
Void argument fallacy. Gaslighting.Anyone who might be leaving NY is doing so because they can no longer cheat on their taxes and business loans.
Good riddance
A question you wouldn’t ask if you were familiar with commercial lending practices. Also beside the point. A fraudulent representation is fraud whether or not the party lied to had other means of knowing the truth.
But I agree with your argument that bankers should know better than believe what Donald Trump tells them.
Complete misstatement. Trump's liability isn't based on what he "talked about his asset being worth". It's based on the fraudulent data he presented to the bank to justify what he said the property is worth.