I know there was a balloon payment they couldn’t handle. But Kushner paid $1.8 billion for a building that’s worth about $800 million. It got them out of a jam, but they’re not going to get any income on the building for 99 years.
What’s the plan? Hope that sometime in the next 20-30 years the building becomes worth more than $1.8 billion?
Shit, how are they going to maintain the building with no income for 99 years?
what is being “swept under the rug” here? That Trump said the Qatari’s would loan this guy the money?
We’re entering “Clinton Foundation/Uranium One” territory here. Maybe there is a scandal, and maybe there isn’t, but the idea that this is of any significance at this point is incredibly premature to say the least.
And lest we forgot, Haney beat a 42 count indictment based on campaign finance fraud on donations he arranged for Bill Clinton --so he probably knows where the line is, and how not to cross it. And, he gave generously to Obama. Add to that the the money Haney donated went to the inaugural committee, and not even to Trump’s campaign, and good luck getting the American people to understand why this is significant.
So absent some kind of direct evidence that Trump pocketed cast from Haney, this is the kind of story that will have Americans say “so what?”" to… and making a big deal of it fits more closely into the “presidential harrassment” frame than into the “Trump corruption” narrative
20K moving to Wisconsin would be enough to win 2020.
Exactly! And it wouldn’t take much to overwhelm a Utah, Wyoming or Montana.
Maybe a GoFundMe to liberalize areas?
They’re not. You are, dear taxpayer.
They are going to write down the entire value of the building as depreciation costs over the next 20-30 years, giving a massive tax write-off to them.
See? This is great! You donate a million bucks worth of cocktail napkins and voila! The Qataris come across with a 45bn loan. Just good, sound business.
Because real estate plays by a different set of tax rules.
Suckers!!!
I’ve thought about it. You buy or rent 25K foreclosed apartments in Florida for next to nothing. You spread the word. You rent them out for next to nothing to a wave of northern liberal retirees–2 or 3 per apartment (from home states that can afford to shed blue votes). You win every statewide race in Florida. What retirees do after that is their business. I’ve always thought that this is what someone like Steyer should be doing with his money.
Meh, depends on State requirements for residency. Some have longer or shorter terms that you have to be there, you can’t have your primary residence elsewhere, etc.
It can certainly be done with a bit of planning, and especially with focusing on the small Red States out in the West, you could get a solid majority in the Senate in just a few years.
Residency requirements in Florida are flexible. You basically need to move there, get mail there, pay electricity bills. I’m assuming we’re playing hardball here.
oh I’m sure taxpayers are already paying for it.
That’s because, according to WSJ (via axios) Jared’s daddy was able to pay off the mortgage with the Brookfield cash – AND “buy out his partner”. But according to WSJ, Brookfield is only paying $1.1 billion in rent – which means someone took a $300,000,000 loss on the deal – which means a massive tax write-off.
(in fact, and the qataris say they did not know about the bailout and are pissed-- and given Jared is best buds with MBS who has been putting the squeeze on Qatar, I kinda believe them.
Foget Haney – this is where Democrats should be demanding answers…
Are you serious?
Brookfield Properties announced Friday afternoon that it has acquired a 100% leasehold interest in the building, a 1.5 million square foot property at 666 Fifth Avenue in Manhattan, for 99 years through one of its funds. The financial terms of the agreement were not disclosed.
They’re not going to maintain it. Brookfield is going to completely renovate the building:
Brookfield, which has major real estate holdings around the world, said it’s planning a significant redevelopment of the building.
When you lease something, you generally make a payment equal to the value of whatever you’re leasing .Sometimes in real estate, it can be a one time payment or broken up over time.
The financial details were not disclosed. That said, I’m sure the Kushner business is flush with cash. Not too long ago they announced a new investment endeavor…
Trump has committed many, many impeachable crimes, right out in the open, quite aside from what is in the Mueller Report.
It would be straight-forward and simple to impeach him on these crimes … though, apparently, not politically advantageous to the Dem Party -or they don’t think so. Alas, they’re dumb and stuck in the last century; I include Pelosi in that observation.
The USA is so close to becoming a Police State. Very soon it won’t matter what judges decide anymore.
It is time to stop fretting about how impeachment would look to the imbecile republican/undecided people. Any American who claims to be “undecided” about the clear and present danger of Trump’s current Reign Of Terror, well, godblesstheirhearts.
It is time to open Impeachment hearings.
We can’t be sure of that. The mainstream media says the Farmers love Trump, and they keep interviewing farmers who love Trump, but I believe those dopes are a minority. We really can not trust the mainstream media. Individual reporters may be screaming in horror at what this administration is doing, but the editors and owners of the shitshow-mainstream-media aren’t disclosing it- not now.
If the forces of Democracy start to win, you can bet the farm (haha) that suddenly we’ll see hundreds of horror stories about how Trump supporters have suffered and how they really loathe him.
Meh, believe what you see. If there were lots of farmers who now hate Trump and are disappointed that they voted for him, only for him to ruin their livelihood, the MSM would be all over that one.
The extreme gerrymandering, and the corrupt voting-counting process would also have to be fixed. Almost impossible.
The Republicans keep thinking that it will boomerang on the Democrats as it did for them with Clinton.
They’re wrong.
1# Trump’s approval ratings are between 38% -45%. Clinton’s were in the 70’s.
2# Trump’s support is from his base and Republicans. Clinton’s support was much broader and included many independents and yes, even some Republicans.
Republicans are only about 27% of the electorate. We just have to be careful not to fall into the trap of impeaching too soon. We have to hear what Mueller will say in his testimony before we start the process.
That’s the point of moving enough people to flip districts. You could overcome that with enough funding to support moving liberals in enough volume to those gerrymandered districts to flip.
We’ve got the population to do it, we just have them concentrated in areas where it’s wasteful to gaining control.
Why not? Arnold’s niece is press secretary.
Let America Be America Again! Trump and everyone around him is rotten to the core.