|
|
|
|
||
Re: Looking forward to see how he deals with this.....hmmmm?"Trump’s share of just the Vornado/Trump properties alone was valued at over $700 million NET OF DEBT in the most recent Bloomberg Billionaire Index thead and you know this." Phil, let's stick to facts. The estimates for his stake in the 1290 Sixth Ave and 555 California buildings were, at one time worth something close to the presumed #. That was back in mid-2018-to-March 2019 back when Class A urban office buildings were valued at or near their multi-decade peak. Today, both buildings have been up for sale since April--have had zero bidders--are realistically would bring Trump far closer to 30% of your $700M claim. BTW, the buildings and the right to offer and approve any sale rest solely with Vornado. Check out their records to find out for yourself. Trump is a pure minority partner and has no say whatsoever any deal, thus his 70% haircut should he, or the IRS, seek immediately liquidity. Let's not forget he took out a $100M loan (beyond the $421M he owe with personal guarantee) specifically against his stake in these properties in late 2019....long after your BBB valuation citation. Shall I remind you that in today's pandemic-riddled world, urban big-plate office space is amongst the hardest hit segments of CRE. "Congress and the public will never stand for anything jeopardizing our free institutions and youalso full welll know this." Congress has proved themselves feckless and unable to preserve even reasonable checks and balances. This occurs on both sides of the aisle. Few, if any, would successfully argue today's Congress is functional and protective of it's constitutional duties. “EVERYWHERE I travel I see prosperity. I’ve NEVER seen it this good”(my caps for emphasis) You also full know how exhaustive Ed’s surveys are and how long he’s been doing them and you also know his legendary status" Ed Hyman, like many other US Economists, and even the world's Central banks all liked the economy in Q4 2019....so much so that they were even split about calling for modest interest rate rises. GUESS WHAT...IT'S Q3-Q4 2020 TODAY AND WE HAVE RECORD UNEMPLOYMENT AND A MODEST RECESSION....THAT THREATENS TO GO TO A FULL-BLOWN ONE IF A 2ND WAVE OF THE VIRUS RE-EMERGES. (Ed Hymans words a few months back). Your biases and vote are yours....but you have no relevant and current facts that provide even any real evidence to refute the charade that Trump has been practicing. I won't be stooping to the name-calling or fear-mongering that the pro-MAGA crowd relies on to make their case. Facts matter most. |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
114868 | Rethead | pharmionphil | 0 | 9/28/2020 11:02:11 AM |
114943 | Re: Looking forward to see how he deals with this.....hmmmm? | rubraquercus | 1 | 10/1/2020 1:15:35 PM |