Here’s Why NYC Realtors Are Hoping Donald Trump Moves To Mar-a-Lago After Leaving The White House – By Rachel Dillin (Inquisitr) / Nov 18 2020
Realtors in New York City hope that President Donald Trump makes good on his plans to live at Mar-a-Lago in Florida after leaving the White House. They reason that without him, real estate prices, which have fallen dramatically, will rebound in the Big Apple, according to a TMZ report.
Since Trump’s win in 2016, realtors report that real estate prices in his signature building have dropped. For example, two of the units in the towering building fell from being worth $4.3 and $3.5 million to $2.495 and $3.3 million, respectively. The dramatic devaluation in the properties remains similar throughout Trump Tower, and the agents struggle to sell them.
While there are multiple reasons for the drop in value, like the pandemic and a poor market, those trying to sell them also blame New Yorkers’ general dislike of Trump. They believe that the president leaving the area and residing elsewhere will help the values rebound, and not just because he isn’t the city’s most popular resident. Many situations occur at Trump Tower due to him being there, including increased security measures that make it difficult to access the building or hail a cab outside. Plus, residents’ guests have to go through a lot of red tape to visit, which is purportedly a pain.