Thursday, July 17, 2008

Donald Trump’s $100 Million “Miracle”

Hugging the news headline on CNN, and as reported by the Associated Press, The Donald did it again! At a time when foreclosures are hitting many homes like a giant twister, Donald Trump created a twister of his own to the bank, in what most perceived to be ”the greatest pay-out yet” for a piece of property in the US.

Using expression smiley to define the moment for Trump, it would be this: a large, animated grinning smiley, for how else would you react if you were him?








Real Estate Slump: All in the Mind?

Read the News: CNN/Associated Press report

When your property is a vast expanse of opulence, which has a good view of the ocean and located in Palm Beach, Florida that thrives on its reputation as one of the world’s favorite tourist destinations, there is no reason why you would not rake in a billionaire-investor to look and see, and as the case of Donald’s latest triumph, make him reach into his pocket for $100 Million as well.

The view and the future potential of the house could be one of the influential factors seen by affluent buyers who would not wince shelling out a fat amount for a property, regardless of how bad the real estate industry most people perceived it to be. The astute sense of judgment inherent among these breed of individuals who amassed fortunes in their lives seems to always come handy for them, thus they see opportunity miles away.

Who can blame Donald’s buyer? As described on the CNN report, even the restrooms of this marvelous mansion is a prize-catch that indeed it is every investor’s trophy-property.

And for Donald? With a staggering amount of a profit, he has proven again that in a seemingly helpless situation like the current real estate brouhaha the US is facing, there can still be a good break waiting at the seams.

Definitely, there is no real estate slump for The Trump!

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