This news is shocking for a number of reasons: handsome Italian soccer star Cristiano Ronaldo has put his condo in Trump Tower up for sale for HALF what he paid for it in 2015! That’s UNHEARD OF in New York’s real estate business. Rumor has it his fans urged him to sell after Trump was elected. In 2015, Ronaldo paid 18.5 million for the 2509 sq ft, 3 bed, 3.5 bath condo. In 2019, he put it up for sale for 9 million with no takers. Honestly, we were SHOCKED to see photos of the place – Cristiano has HORRIBLE taste. The condo is dark and crowded with gaudy furniture and drapes. Each room is grotesquely overdone- the only nice feature is the park view. The asking price is now 7.75 million. The idea of New York real estate LOSING value is almost unimaginable. Could it have anything to do with the name on the building?
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More likely it has something to do with how poorly NYC and NY State are run. Hypocritical lying tyrants who could’t run a lemonade stand with taxing people to death. The wealthy are leaving NY in droves. Pretty soon the only people left to pay the taxes will be the poor. NY will be a giant cesspool. Sad, but so true.
No one wants the condos in T****’s building in Chicago. The prices are way down.
It also has 16 floors of office space, which are almost totally empty, as again, no one wants to be in a building with that name plastered on the river side of it in 20 foot tall letters.
He has been accused of raping many women but janet left that out.
I suspect that the rich no longer find NY attractive. Texas and Florida will be the winners, and NY will become Baltimore all over.
Gee, I dunno Janet but maybe it has something to do with the exploding crime rate and loss of quality of life caused by the Malignant Narcissist residing in Gracie Mansion? Just a theory.
Janet Charlton. Mensa member. NOT!
Once his name is removed from the buildings people will buy.
No one wants to be associated with this loser.
Correction. [In the 1950s and 1960s, when the economy was booming, the wealthiest Americans paid a top income tax rate of 91%. Today, the top rate is 43.4%. The richest 1% pay an effective federal income tax rate of 24.7% in 2014; someone making an average of $75,000 is paying a 19.7% rate.] That may mean the rich and their kiddos departure may be temporary. The upper incomes have made NY unlivable. But if the rich really left in droves, r.e. would plummet and the middle class could moving back could revive it. And yes Ronaldo’s apartment is too dark and oppressive.
Chinese Investors like to convert their “hard earned” cash to hard goods like real estate.
Complex numbered companies offshore in the Caribbean provide enhanced “washing” of funds as Chinese are not allowed to take more than $50,000 out of the country. It’s all very intriguing. Funny Ronaldo was not able to find a whale.