President Donald Trump’s toxic brand is destroying property values in Trump Tower, MSNBC’s Chris Hayes reported on Thursday.
“The Manhattan real estate market is one of the most expensive in the world, and despite a recent slowdown, it’s still a profitable investment for the vast majority of people who can afford it,” Hayes reported.
He explained that less than one-quarter of one percent of homes in Manhattan sold at a loss over the last two years.
Hayes noted that in Trump Tower, several units have sold for more than a twenty percent loss over the last two years.
“Now, anyone who looked for an apartment in New York knows about the website StreetEasy, we did browsing for hot deals on current listings in Trump Tower and I’m telling you, it’s a fire sale in there,” Hayes reported.
For example, Unit 30-G was listed for $6.9 million during the second month of Trump’s presidency. It just entered contract for $3.5 million.
“Ouch,” Hayes noted.
One unit was listed for $18 million during Trump’s campaign and is now been cut to $8,995,000 — a decrease of more than fifty percent.
“It’s a blood bath happening in the middle of one of the world’s strongest real estate markets,” he noted. “All seemingly due to the five letters on the front of the building.”
‘Breadth and scale’ of nationwide protests is ‘staggering’: NYU history professor
Protests continued to grow in size in cities and towns from coast-to-coast -- and around the world.
"As a historian of social movements in the U.S., I am hard pressed to think of any time in the past when we have had two straight weeks of large-scale protests in hundreds of places, from suburbs to big cities," NYU history Prof. Tom Sugrue posted on Twitter.
"The breadth and scale of #Floyd protests is staggering," he continued.
"We have had some huge one-day demonstrations, e.g. March on Washington for Jobs and Freedom (1963); antinuclear march in NYC (1982), and Women's March (2017). We have widespread, simultaneous protests, such as in the days following MLK, Jr.'s assassination (1968)," he explained. "But the two together--very unusual."
Incel blew his hand off — and may have been planning for suicide bomber attack on ‘hot’ cheerleaders: report
A young man in Virginia was photographed for his mugshot with extensive facial injuries.
"A 23-year-old Virginia man who appeared to be planning an incel bomb attack on "hot cheerleaders" accidentally blew off his hand with explosives, authorities say," BuzzFeed News reported Saturday. "Cole Carini was charged in federal court on Friday connection with the plot after he allegedly lied to FBI agents by saying his extensive injuries were the result of a lawnmower accident."
Big turnout for protest in Texas town known as a ‘haven’ for the Ku Klux Klan
Protesters gathered in Vidor, Texas on Saturday for a rally against racism and police violence.
The East Texas town has long had a reputation for racism.
Vidor is a small city of about 11,000 people near the Texas Gulf Coast, not too far from the Louisiana border. Despite the fact that Beaumont, a much bigger city just 10 minutes away, is quite integrated, Vidor is not. There are very few blacks there; it's mostly white. That is in large part because of a history of racism in Vidor, a past that continues to haunt the present," Keith Oppenheim reported for CNN in 2006.