And, between 19, as the economy recovered, they lost another $286.9 million.īy any standards, this is a lot of money to burn through. As the economy weakened, in 19, Trump’s core businesses racked up losses of $517.5 million. They show that, between 19, a period when the economy was forging ahead and Trump was busy portraying himself as a billionaire with the Midas touch, his core businesses-apartment buildings, hotels, and casinos-somehow managed to lose $359.1 million. The first thing to note about Trump’s argument is that, despite his parting jibe, he didn’t challenge any of the specific figures in the Times story. Very old information put out is a highly inaccurate Fake News hit job! Almost all real estate developers did -Īnd often re-negotiate with banks, it was sport. Would get it by building, or even buying. One was actively building, show losses and tax losses in almost allĬases. Were entitled to massive write offs and depreciation which would, if Real estate developers in the 1980’s & 1990’s, more than 30 years ago,
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