Posted on 02/26/2024 10:31:00 AM PST by lowbridge
Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case.
Real estate mogul Grant Cardone announced on Tuesday that his firm Cardone Capital would no longer underwrite New York real estate, one day after Shark Tank star Kevin O’Leary vowed to no longer invest in the state as a result of the verdict.
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges. Focus on Texas & Florida.”
The Sell or Be Sold author explained his decision on Wednesday in an interview with Fox & Friends.
“When that [Trump] ruling happened, it was like, ‘Pencils down,'” Cardone said. “‘Don’t touch it. Don’t go there.'”
Judge Arthur Engoron ruled on Friday that Trump must pay over $355 million for conspiring to alter his net worth to receive tax and insurance benefits. Engoron’s verdict additionally bars Trump and his sons, Eric and Donald Jr., from doing business in New York for three years.
“We invest for 14,000 investors at Cardone Capital that depend on cash flow,” Cardone said. “And if I can’t predict the cash flow because of some ruling, or because of the migrants, or because I can’t evict people, New York City just keeps doing every single thing they can to sell real estate in Florida, not sell real estate in New York.”
O’Leary called New York “a loser state” and told Fox Business on Monday that he “would never invest in New York now, and I’m not the only person saying that.”
(Excerpt) Read more at washingtonexaminer.com ...
Yes, there is.
It goes by many names, harvest law, rebound principle, Newton's third law of motion.... but it all boils down to what goes around, comes around.
Karma only occurs after death in the next life, according to the weird Indian religions.
For me, I prefer that the AG gets her just desserts before she dies ‘cause I want to watch.
(Karma isn’t what most people think it is.)
That’s not what karma is. Look it up. It is not a Judeo Christian concept, either. The sun shines on the good and the bad, and the rain falls likewise. Our ways are not God’s ways. Perhaps you can tell me, using your karma theory, why Christ deserved crucifixion.
I would love to see someone on thePA state line post a sign on the eastbound side of I-90. “You are Entering New York State The “LOSER STATE”.
Never.
And that is what it is. It can mean other things but in common usage it means you get what you dish.
It is not a Judeo Christian concept, either. The sun shines on the good and the bad, and the rain falls likewise.
Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap. Galatians 6:7.
Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again. Luke 6:38
Perhaps you can tell me, using your karma theory, why Christ deserved crucifixion.
He didn't. We did. That is why He took our place.
Im sure you could hire it done.
Oh you just never know. My first name is Clair. My mother’s maiden name is Voyant.
Your father’s name was Capt. Freeps
That’s not karma. It is not compatible with Christianity. Only on Judgment day will justice be meted out. So it’s our collective “karma” that got Christ killed?
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