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Cheated by the "Trump" name on Property Sales: The Unhappy story of Trump Chumps..
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05-16-2011, 07:51 PM
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Cheated by the "Trump" name on Property Sales: The Unhappy story of Trump Chumps..
This story was written before he dropped out and I read he's already whined about it over at CNBC but I still think we should take a minute and see what Mr Blowhard has been up to when he's not espousing what a willful idiot he is.
Big Aloha to ExtremeLiberal for the link.. >snip< Far from the New York City towers that bear his name, in cities like Tampa, Fla., and Philadelphia, house hunters clamor to buy into his developments, sometimes exhausting credit lines and wiping out savings for a chance to own a piece of his gilded empire. But as Mr. Trump, who is weighing a bid for the White House, has zealously sought to cash in on his name, he has entered into arrangements that home buyers describe as deliberately deceptive — designed, they said, to exploit the very thing that drew them to his buildings: their faith in him. >snip< But when three of the planned buildings encountered financial trouble, it became clear that Mr. Trump had essentially rented his name to the developments and had no responsibility for their outcomes, according to buyers. In each case, he yanked his name off the projects, which were never completed. The buyers lost millions of dollars in deposits even as Mr. Trump pocketed hefty license fees. Those who bought the apartments in part because of the Trump name were livid, saying they felt a profound sense of betrayal, and more than 300 of them are now suing Mr. Trump or his company. >MORE< http://www.nytimes.com/2011/05/13/nyregi...59ecAP1utg Good Luck suing the Greedy little pigpen. "Democracy Is Not A Spectator Sport. The Future Is Ours If We Actively Participate In Shaping It" John Harder~http://zerowastekauai.org/index.html |
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Cheated by the "Trump" name on Property Sales: The Unhappy story of Trump Chumps.. #1 - Cha - 05-16-2011, 07:51 PM
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Cheated by the "Trump" name on Property Sales: The Unhappy story of Trump Chumps..




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