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Major investors pull business from New York City following Trump verdict
Posted on 2/22/24 at 7:45 pm
Posted on 2/22/24 at 7:45 pm
Washington Examiner
Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case.
Real estate mogul Grant Cardone announced on Tuesday that his firm Cardone Capital would no longer underwrite New York real estate, one day after Shark Tank star Kevin O’Leary vowed to no longer invest in the state as a result of the verdict.
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “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.”
Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case.
Real estate mogul Grant Cardone announced on Tuesday that his firm Cardone Capital would no longer underwrite New York real estate, one day after Shark Tank star Kevin O’Leary vowed to no longer invest in the state as a result of the verdict.
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “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.”
20
Posted on 2/22/24 at 7:48 pm to thebigmuffaletta
Posted on 2/22/24 at 7:48 pm to thebigmuffaletta
quote:
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “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.”
This is the way.
Posted on 2/22/24 at 7:50 pm to thebigmuffaletta
Posted on 2/22/24 at 7:51 pm to thebigmuffaletta
Posted on 2/22/24 at 7:54 pm to thebigmuffaletta
The problem with socialism is when you run out of the other guys money. Good job running out the people that create and build wealth.
New York State of Mind.
New York State of Mind.
Posted on 2/22/24 at 7:56 pm to thebigmuffaletta
quote:
Grant Cardone
From Lake Charles, baw!
Posted on 2/22/24 at 7:57 pm to thebigmuffaletta
Hit these assholes where it hurts.
Posted on 2/22/24 at 8:20 pm to thebigmuffaletta
Anybody here who has bank deposits at banks in NYC should pull the plug soon.
JP Morgan Chase
Mellon
Citibank
Dean Witter
Merril Lynch
Oppenheimer.
JP Morgan Chase
Mellon
Citibank
Dean Witter
Merril Lynch
Oppenheimer.
Posted on 2/22/24 at 8:22 pm to thebigmuffaletta
Finance is a hyper mobile industry, but one of the things it does require is a culture of law and order, with predictable outcomes. NYC was our finance capital, because of the Dutch, and their very business friendly culture. NYC doesn't have to be the centre of finance in the US. It could be somewhere else.
This post was edited on 2/22/24 at 8:42 pm
Posted on 2/22/24 at 8:26 pm to thebigmuffaletta
Posted on 2/22/24 at 8:28 pm to thebigmuffaletta
quote:
Major investors pull business from New York City following Trump verdict
The list I seen floating around had trillions of dollars worth of real estate & investment companies seriously contemplating pulling the plug
& as I noted last night in the other thread is that there must be serious concern since the governor and others have immediately come out numerous times now saying not to worry
Now is a really good time for other mayors and governors in red states to recruit
Posted on 2/22/24 at 8:30 pm to thebigmuffaletta
Cardone and O’Leary lol. Oh no how will NYC ever recover
Posted on 2/22/24 at 8:36 pm to thebigmuffaletta
quote:
Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case.
Notice how quickly government can change risk?
Posted on 2/22/24 at 8:42 pm to thebigmuffaletta
Posted on 2/22/24 at 11:45 pm to thebigmuffaletta
Grant Cardone and Kevin O'Leary?
They aren't major investors, they're media hucksters
They aren't major investors, they're media hucksters
Posted on 2/23/24 at 7:21 am to thebigmuffaletta
I thought you were talking someone like Bainbridge and Greystar.....real players. Cardone ain't even a blip. 2.5 billion in assets gets you a seat ....well, it doesn't get you a seat at even the kids table in NYc
Posted on 2/23/24 at 7:27 am to thebigmuffaletta
quote:
Real estate mogul Grant Cardone
Scam artist
Posted on 2/23/24 at 7:29 am to thebigmuffaletta
Yeah, Investors have the power to do a 'Bud Light' takedown of the Woke Economic (Fascist) enterprise and essentially shut it down. At least temporarily so. Of course the Dems will rush to the rescue with Taxpayer money (printed version) as such will further their destruction of the USD anyway.
This cannot be addressed with the System, as the corrupted System itself had become the problem. The corrupt System would have to be essentially dismantled for a reboot, and we all know the chaos and pain therein.
It'll have to crash of its own accord and consequences. Likely soon as Trump nears and electoral landslide, minus the cheating/harvesting of invalid and fraudulent 'voters'.
It's coming.
This cannot be addressed with the System, as the corrupted System itself had become the problem. The corrupt System would have to be essentially dismantled for a reboot, and we all know the chaos and pain therein.
It'll have to crash of its own accord and consequences. Likely soon as Trump nears and electoral landslide, minus the cheating/harvesting of invalid and fraudulent 'voters'.
It's coming.
Posted on 2/23/24 at 7:59 am to thebigmuffaletta
quote:
Focus on Texas & Florida.”
The influx of capital into south Florida since 2020 has been insane. Looks like it will continue.
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