I’m a reporter on Forbes’ Money in Politics team, where I investigate all things related to the intersection of money and politics, including megadonors, fundraising organizations, the wealth of those holding or seeking public office, and the leadup to the 2024 elections.
Selling buildings won’t be easy for the billionaire ex-president, but these golf courses and other trophy properties could provide fast cash.
Barring relief from the courts, if Trump doesn’t want his property taken, he may have to sell on a tight schedule, which won’t come easily. His attorneys argued in one filing that a “fire sale” of assets would result in “massive, irrecoverable losses.” Trump himself also invoked “Fire Sale prices” on Truth Social, his social media platform, on Tuesday. “Nobody has ever heard of anything like this before,” he wrote, deeming his many legal battles a “witch hunt” and “election interference.
Beyond that, there’s Trump’s residential real estate portfolio, which includes his penthouse in Trump Tower; homes or lots in California, Florida, Virginia and French St. Martin and condos in Chicago, Las Vegas and New York. But in a red-trending state he won by three points in 2020, Trump may have an easier time moving one of his properties quickly: In addition to Mar-a-Lago, he owns three homes, two debt-free, in Palm Beach. “Anything is possible,” Alexander Goldstein, broker-owner at the Florida-based boutique firm Miles Goldstein Real Estate, tells. “And I would tell you that dealing in these levels of money, with ultra-high net worth individuals, they have the ability to make anything possible.
“When someone starts to talk about a fire sale,” Goldstein points out, “ears perk up. You never know who’s looking, who’s waiting, who’s watching certain areas.” He adds that a bidding war on a valuable trophy property could reduce the haircut Trump would otherwise be facing.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Four children and one adult dead after fire in Jeannette, Pennsylvaniajeannette fire, deadly jeannette fire, deadly house fire jeannette, jeannette deadly house fire, house fire jeannette, people killed jeannette fire, people killed jeannette house fire
Read more »
Mobile Fire-Rescue battles large fire at Montlimar Apartments on Azalea RoadMobile Fire-Rescue is battling a large fire at Montlimar Apartments on Azalea Road.
Read more »
Rochester fire department investigating fire at vacant home on Rainier StreetRochester, N.Y. — The Rochester Fire Department is investigating a fire at a vacant home on Rainier Street, where they received numerous calls for.
Read more »
Church heavily damaged in fire on Houston's southside, fire officials say'We're still going to worship because church is not the building, church is the people,' the pastor said. ABC13 cameras captured parishioners gathered outside in the parking lot, holding hands and praying.
Read more »
Spain's Tragic Tower Block Fire Exposes the World's Failing Fire RegulationsA deadly tower block blaze in Spain has focused attention on notorious flammable building materials—but around the world, there's little momentum to stop using them.
Read more »
Fire chief in Texas town hit hard by wildfires dies while fighting a house fireAn official said that the house fire that Chief Zeb Smith responded to wasn't caused by a wildfire, but added that the 40-year-old had been battling the wildfires for over a week.
Read more »