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Trump’s toxic brand has caused Trump Tower condo prices to crash: No one wants to buy ‘in that building’

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President Donald Trump giving a speech at Trump Tower (image via screengrab).

President Donald Trump is not a popular man in his home state of New York — and condo prices at his signature Trump Tower in Manhattan are reflecting just how toxic his brand has become.

Bloomberg News reports that most of the Trump Tower condos that have gone on the market since 2016 have been sold at a lost. In fact, property records show that “several” Trump Tower condos have sold at losses of more than 20 percent.

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Michael Sklar, who sold his parents’ Trump Tower condo at a loss when adjusted for inflation, tells Bloomberg that it’s very hard for condo owners to find willing buyers.

“No one wants in that building,” he explained. “The name on the building became a problem.”

In total, Bloomberg found that Trump Tower’s occupancy rate has plunged from 99 percent to just 83 percent over the past seven years, meaning it has “a vacancy rate that’s about twice Manhattan’s average.”

However, the building is still staying afloat financially thanks in part to the Trump 2020 campaign committee spending in the building. According to Bloomberg, the committee “has spent more than $890,000 over the last two years to rent space in Trump Tower.”


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Nicolle Wallace bashes ‘two-bit criminal’ Trump for ‘skivvy’ tweet pardoning Michael Flynn

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Retired Lt. Gen Michael Flynn admitted his guilt to Judge Emmett Sullivan, but President Donald Trump announced that the former director of national intelligence would never see jail time. After issuing a pardon to Flynn the day before Thanksgiving, MSNBC's Nicolle Wallace attacked the manner in which Trump issued the pardon: by tweet.

"Of all the sordid tales of Trump's presidency, this one might take the cake," said Wallace. "We knew this might be coming. We know Donald Trump likes the power to pardon. There's some reporting he's looking at a pardon for lots of other people. I wonder what your sense is about what else Donald Trump has up his sleeve?"

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NRA tax filing alleges Wayne LaPierre used the group’s funds for ‘personal benefit and enrichment’: report

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According to a new IRS tax filing from the National Rifle Association (NRA), current and former executives used the nonprofit group’s money for personal benefit and enrichment, the Washington Post reports.

"The NRA said in the filing that it continues to review the alleged abuse of funds, as the tax-exempt organization curtails services and runs up multimillion-dollar legal bills," the Post's report states. "The assertion of impropriety comes four months after the attorney general of New York state filed a lawsuit accusing NRA chief executive Wayne LaPierre and other top officials of using NRA funds for decades to provide inflated salaries and expense accounts."

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Trump and Bill Barr’s ‘bloodthirsty execution spree’ in his final months in office is unprecedented: op-ed

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In an op-ed for Slate this Tuesday, Austin Sarat says that the Trump administration's announcement that it would continue to carry out executions in the days and weeks leading up to the inauguration of President-elect Joe Biden is a "bloodthirsty decision" that defies "the norms and conventions for modern presidential transitions."

"The Death Penalty Information Center reports that the last time an outgoing administration did anything remotely similar was more than a century ago, in 1889," Sarat writes. "At that time Grover Cleveland, the first Democrat to be elected president after the Civil War and the only president ever to have served as an executioner (when he was the sheriff in Erie County, New York), permitted three executions to proceed in the period between his electoral defeat and Benjamin Harrison’s inauguration in March 1889."

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