[ May 5, 2024 ]
It begins. As predicted, one of the most successful private equity real estate firms has called for a cessation of business in New York.
https://twitter.com/chuckcallesto/status/1760058289348341913?s=42&t=n3jj2PlV9nwNJgjvIrLUQw
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Grant Cardone to Team: “Immediately Discontinue All Underwriting on New York City Real Estate”
By: Joey Solitro, Yahoo News, Feb 21, 2024:
Grant Cardone is less than pleased with the ruling against former Donald Trump, in which Trump has been ordered to pay $355 million in penalties plus interest. If Trump were to pay the full amount of the penalty today, it would cost him roughly $450 million.
In a post on X, formerly Twitter, Grant Cardone said, “Dear Cardone Capital team, Immediately discontinue ALL underwriting on New York City real estate. The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges. Focus on Texas & Florida.”
Cardone’s comments echo what Kevin O’Leary said in a recent interview, calling the decision to fine Trump “unjust,” “appalling,” and “Un-American.”
“That fact that he was found guilty, you might as well find guilty every real estate developer on Earth,” O’Leary said.
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26 Comments
2 months ago
One of many more wise companies.
D
2 months ago
The chicoms will pick up the slack but hope US companies all do this!!!!
D
2 months ago
Last I checked, tourism is up. Wall Street is doing just fine – new york attorney general letitia james
Might want to check again.
2 months ago
Reply to
Platinum Ghost
Tourism may be up from Covid years, but it’s still behind 2019 numbers.
D
2 months ago
Reply to
Platinum Ghost
Letitia needs 2 investigate this company—they mite have broken the law!
D
2 months ago
Reply to
garry pollack
MITE = A small BLOOD SUCKING “insect” that inhabits creatures with hair and lives on/in beddings.
A PERFECT example of a DemoKKKratic National COMMUNIST Committee party member!
2 months ago
Reply to
Laddyboy
I would’ve used the term “maggot” to describe “DemoKKKratic National COMMUNIST Committee party members.” Surely, something about this organism has something to do with these Commies.
2 months ago
Reply to
Platinum Ghost
all the big guys are selling..Gates, Zuckerberg, etc..yesterday
2 months ago
Sounds like another case of the left not thinking through the consequences of their actions, again.
Businesses, especially real-estate know to do their homework before closing a deal. Apparently the left can’t be bothered with such mundane things.
2 months ago
Reply to
world@70
The Left, frankly, does not give a rat’s tuchis about the consequences of their actions. For them, the ends always justify the means. They are the very definition of a vicious, heartless, soulless psychopath.
2 months ago
Reply to
From a Remote Location
And this explains a lot!
One should always start by searching for psychological roots.
2 months ago
Reply to
Day by day
Internet jobs are a growing industry and an exciting opportunity to save companies and employees time and money. Flexible working, whether full-time or seasonal, exists in almost all industries; ix You just need to know where to look.
Look here…… IndustriesJobs74.blogspot.com
Last edited 2 months ago by Joe
2 months ago
If American companies move out, the place will just be taken over by Chinese, Arab, and Russian billionaires.
2 months ago
Good!
2 months ago
The cancer of the domino effect is reaching all areas and people are leaving NYC for crime, taxes, illegals, Hochul, Muslim protest and now what Trump has to pay effects the underwriting in real estate. We are a dying progressive city
D
2 months ago
Reply to
Stephen Honig
Look at who runs all of these dying progressive cities. Rush used to talk about ‘unintended consequences’ from the left….was he ever right.
2 months ago
This is political persecution. The goal here is to prevent Trump from running for president. The chances of other developers getting prosecuted for this issue is slim to none. We are most definitely a banana republic.
2 months ago
Reply to
Bone
And as a result, we as a nation, in terms of the government, have no business criticizing Putin over Navalny’s death. Because Biden is very much like Putin in this way.
2 months ago
Escape from NYC now!
D
2 months ago
“But that was only against TRUMP!”…other Capitalists need not worry being persecuted as long as you’re supporters of Democrat FascistCommie Regime in control of the legal system. Remember the LEFT are Communists who are intrinsically anti-Capitalists and will shoot themselves in the foot but then blame Republicans for their disasters.
With crime run amok, massive illegal foreign invaders and, the Capitalists, Conservatives, Truckers abandoning NY, especially NYC, we are witnessing the “prequel” to “Escape from New York” movie.
D
2 months ago
I remember when New York was glad when Rush moved his operation to Florida, along with the tax revenue.Trump should do the same. Funny….all these years, we’ve been told how smart those people of that part of America are.
D
2 months ago
AFTER identifying the requested pictures, I still have to LEAVE the article and then reenter the article to be “signed-in”. This IS REDICULOUS!!
2 months ago
How is it that the saying goes……”They are cutting off their nose to spite their face….”
2 months ago
Reply to
magvitum
It’s gotten worse than that: Chopping off their entire head to spite the rest of their body.
2 months ago
Good – as you sow so shall you reap – I feel sorry for all the good citizens of NY they will also bear the burden of this nonsense.
