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.”
Lawrence O’Donnell reports on the growing movement for the impeachment of President Donald Trump
Anchor Lawrence O'Donnell reported on the growing movement for the impeachment of President Donald Trump during Thursday evening's "The Last Word" on MSNBC.
"The House of Representatives conducted a symbolic vote on a hastily written impeachment resolution by Democratic Congressman Al Green in reaction to the president’s tweeted comments that the House of Representatives voted to condemn as racist," O'Donnell reported. "The impeachment resolution had nothing to do with the [Robert] Mueller investigation and referred only to the president being unfit for office because of the language that he has used recently about members of Congress and immigrants and asylum seekers."
Video proves how far the Trump’s GOP has gone from the era of Ronald Reagan and HW Bush
The immigration policies of Donald Trump’s presidency would have no room for his GOP predecessors Ronald Reagan or George H.W. Bush—who both embraced work visas, family unification, easy border crossings and a better relationship with Mexico.
That counterpoint can be seen in a very short video clip from the 1980 presidential election where Reagan and Bush—who became Reagan’s vice president for two terms before winning the presidency in 1988—were asked about immigration at a campaign debate in Texas. Their responses show just how far to the right the Republican Party’s current leader, President Trump, and voters who have not left the GOP to become self-described political independents, have moved on immigration.