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Trump’s brand is severely damaged among non-Trump supporters, especially because of his nasty language and ugly tweets. Many think he is a bad President.
Dorsal golf club is in trouble and his overseas golf clubs are not doing well. Trump Tower has 46,000 sq. Ft. of empty commercial space. If Trump’s name is so iconic, how come the empty space?
Imagine without the Russians? He'd already be dead broke.....he sorta is anyway, just doesn't know it.
A number of articles in the media lately about how big Golf developments are dying. Hilton Head Real Estate is WAY down, and expected to go down further...due to both lack of Golf Interest (too much supply) as well as GW (which, of course, doesn't exist but somehow properties are being flooded).
We have a friend who unfortunately made the decision to become a top Golf Pro. Each job he takes is paying lower and lower and his family is almost in total ruin.
In many places the local municipalities have actually started to buy and run the Golf courses...true Socialism at work. They are in competition with the other courses and can, of course, afford to lose money.
I just don't see how the forgotten man and the millennials are going to be out on the links regularly.
Imagine without the Russians? He'd already be dead broke.....he sorta is anyway, just doesn't know it.
A number of articles in the media lately about how big Golf developments are dying. Hilton Head Real Estate is WAY down, and expected to go down further...due to both lack of Golf Interest (too much supply) as well as GW (which, of course, doesn't exist but somehow properties are being flooded).
We have a friend who unfortunately made the decision to become a top Golf Pro. Each job he takes is paying lower and lower and his family is almost in total ruin.
In many places the local municipalities have actually started to buy and run the Golf courses...true Socialism at work. They are in competition with the other courses and can, of course, afford to lose money.
I just don't see how the forgotten man and the millennials are going to be out on the links regularly.
Anyone here with a better income or financial statement ?
Imagine without the Russians? He'd already be dead broke.....he sorta is anyway, just doesn't know it.
A number of articles in the media lately about how big Golf developments are dying. Hilton Head Real Estate is WAY down, and expected to go down further...due to both lack of Golf Interest (too much supply) as well as GW (which, of course, doesn't exist but somehow properties are being flooded).
We have a friend who unfortunately made the decision to become a top Golf Pro. Each job he takes is paying lower and lower and his family is almost in total ruin.
In many places the local municipalities have actually started to buy and run the Golf courses...true Socialism at work. They are in competition with the other courses and can, of course, afford to lose money.
I just don't see how the forgotten man and the millennials are going to be out on the links regularly.
he has submitted his required financial statements each year to the Office of Government Ethics.
I have made VASTLY larger returns on investment for every cent I worked for my entire life.
To be specific, I have made 10.5% per year just on my invested money - much more on my businesses....so, taking a sample....say, for the last 35 years.....
Trumps lifetime ROI is approx. 6% per year..that includes bankruptcies, russians, etc.....I'd had none. Win win. But we won't even count that.
So, let's fund each of us with 100K just to see the difference.
My 100K in 25 years at 10.5% (as mentioned, I did better in business, this is just passive investment) would be 3.3 Million dollars or a 33X my initial investment.
Trumps 100K at 6% for the same time period would be 770K
Therefore, I made over 400% greater return than Trump.
I can claim with math certainty that I am just "one person here" with a vastly better financial record.
Now, you may be claiming Trumps "free" 400 million as part of his genius, but I don't think many reasonable people would agree with you. ROI is the indicator....although I think Trump deserves demerits for ripping so many people off along the way.
Sticking with just ROI, most every investor who puts money aside into index funds is better than he is.
As far as Hilton Head, I have family andAs friends that bought and sold (and own) properties there from 200K to 900K...including in the most exclusive developments (Wexford Plantation). My parents had to take a bath on their last house there...and their friends, who waited a couple years, did even worse.
https://www.cnu.org/publicsquare/201...-neighborhoods
"With 1,200 golf communities nationwide, and golf declining as a past-time, many homeowners face declining property values and are saddled with heavy membership dues that they no longer can afford.
When a golf course closes, the value of homes in an associated subdivision typically drop 25 percent—but may decline 40-50 percent if a legal battle ensues, the Journal reports. Developments are selling lots, once valued at a quarter million, for a dollar. Often, they can’t sell even at that price, because buyers must pay the course dues. The economic losses are likely in the tens of billions of dollars nationwide."
"More than 200 golf courses closed in 2017 across the country, while only about 15 new ones opened, according to the National Golf Foundation, a golf market-research provider. "
Much of this is common sense. The US boating and sailing industry is dead....because, lo and behold, workers don't even have weekends free any longer! All the news about inequality is totally true - most people can't recreate like the middle class did a generation or two ago, they have to work, work, work and then - in any free time - catch up on chores, repairs and shopping.
“Quite a lot have simply been filled in with more single-family homes. Some have been redeveloped with mixed-use—but more often due to deed restrictions as open space, they’ve been turned into parks, preserves, farms, even a cemetery. Even then, remediating the pesticide-ridden soils is quite a job."
One would have to live in a bubble to suppose that folks in their late 20's and 30's (outside of certain C-Suites) are our playing Golf every weekend.
In the UK (similar demographics)
"The average age of golfers who play at least once a week is up from 48 to 63 since 2009 "
In the USA, the average age of Golfers is 54 and rising.
For working people today...the only hope of playing Golf is after retirement, and being as many of them will likely never be able to do so early, it's far down the list of things to seek.
Yet another example of things getting worse for the next generation.
As far as Hilton Head, I have family andAs friends that bought and sold (and own) properties there from 200K to 900K...including in the most exclusive developments (Wexford Plantation). My parents had to take a bath on their last house there...and their friends, who waited a couple years, did even worse.
https://www.cnu.org/publicsquare/201...-neighborhoods
"With 1,200 golf communities nationwide, and golf declining as a past-time, many homeowners face declining property values and are saddled with heavy membership dues that they no longer can afford.
When a golf course closes, the value of homes in an associated subdivision typically drop 25 percent—but may decline 40-50 percent if a legal battle ensues, the Journal reports. Developments are selling lots, once valued at a quarter million, for a dollar. Often, they can’t sell even at that price, because buyers must pay the course dues. The economic losses are likely in the tens of billions of dollars nationwide."
"More than 200 golf courses closed in 2017 across the country, while only about 15 new ones opened, according to the National Golf Foundation, a golf market-research provider. "
Much of this is common sense. The US boating and sailing industry is dead....because, lo and behold, workers don't even have weekends free any longer! All the news about inequality is totally true - most people can't recreate like the middle class did a generation or two ago, they have to work, work, work and then - in any free time - catch up on chores, repairs and shopping.
“Quite a lot have simply been filled in with more single-family homes. Some have been redeveloped with mixed-use—but more often due to deed restrictions as open space, they’ve been turned into parks, preserves, farms, even a cemetery. Even then, remediating the pesticide-ridden soils is quite a job."
One would have to live in a bubble to suppose that folks in their late 20's and 30's (outside of certain C-Suites) are our playing Golf every weekend.
In the UK (similar demographics)
"The average age of golfers who play at least once a week is up from 48 to 63 since 2009 "
In the USA, the average age of Golfers is 54 and rising.
For working people today...the only hope of playing Golf is after retirement, and being as many of them will likely never be able to do so early, it's far down the list of things to seek.
Yet another example of things getting worse for the next generation.
Imagine without the Russians? He'd already be dead broke.....he sorta is anyway, just doesn't know it.
"Once again, the city of Sarasota is wrestling with what to do about the Bobby Jones Golf Course, a perennial albatross around the city’s neck.
City documents show the golf course lost $228,000 in 2013 and was expected to lose about $875,000 in 2014 and another $700,000 in 2015."
"Florida’s municipal golf courses have lost nearly $100 million over the past five years, an investigation by USA TODAY Network-Florida revealed.
While some dipped into reserves or found one-time sources of revenue, overall these county- and city-owned courses required $64.9 million in subsides to stay afloat, the investigation showed.'
Imagine without the Russians? He'd already be dead broke.....he sorta is anyway, just doesn't know it.
Ah, that one.
That one is a slam dunk.
Trump himself admits he was underwater a little over a decade ago. Now....everyone knows that there was no money to be made in resorts and real estate during or after the Great Recession, right?
Trump went effectively bust...in fact, negative net worth. He sued a journalist who called him out on it and Trump lost....he couldn't prove he was worth even 1 billion.
No banks would loan him money.
Then, his son admitted that much of the business they did afterwards involves Russians! My dad actually invested in a Trump building in Sunny Isles Florida and lost money....but that area is now called "Little Moscow" and everything was bought up by Russians, including the Trump condos.
"In July 2008, Donald Trump undertook one of his most infamous transactions. He sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, Russian oligarch and billionaire. Trump had purchased it four years earlier for $41.35 million. The sale price was nearly $54 million more than Trump had paid for the property, even though he had made only modest improvements in it. Trump boasts about his dealmaking skills in this transaction, but the details suggest something more sinister.
July 2008 was the middle of the recession. The real estate market had tanked, especially in Florida. Despite the recession, not only was the price 230 percent of what Trump paid, but it was also $13 million above the highest price previously paid for a Palm Beach mansion, according to the Palm Beach Post. Rybolovlev did not conduct an inspection. He did not obtain an appraisal. He did not order any professional review or undertake any other form of due diligence before purchasing the property."
Lots more where that comes from. But since Trump and his son have outright admitted to much of this...and since all the property records in Sunny Isles and elsewhere prove it, it's not exactly something that's unknown.
"In 2008, Donald Jr. told investors in Moscow that “Russians make up a pretty disproportionate cross-section of a lot of our assets,” while Eric reportedly told a golf reporter in 2014 that the Trump Organization was able to expand during the financial crisis because “We don’t rely on American banks. We have all the funding we need out of Russia.”
An honest question - didn't you know all of this? Obviously what is here is only the tip of the iceberg, but the bottom line is Trump went broke not only in the late 80's...and then late 90's....but then, for good, in the Recession....which is when he took up the Russia way.
Man, you are making me work for my food today. But if I can inform of change one mind with the facts...the facts as spoken by Trumps themselves and as recorded on real estate transactions...then it is all worthwhile.
The upkeep on his personal plane and Mar-a-Lago can’t be cheap.
Its likely cheaper than any of the democrats socialist plan/program with no thought/math put in to pay for them.
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