Donald Trump’s exit from NYC and his famous Trump Tower could be the reason his real estate valuations across the board have, by and large, dipped since 2016, as reported by TMZ.
Two Trump Tower units that were worth $4.3 mil and $3.5 mil before Trump’s run are now valued at just $2.495 mil and $3.3 mil.
Agents say the losses can be summed up to any number of things such as a poor market in the City, the pandemic, or … disdain for POTUS.
The real estate agents think that if Trump does move out of NYC after his Presidency the TT market could rebound.
More from TMZ:
If Trump scrams … most, if not all, of that goes away — which our sources say would help in bringing prices back up. Moreover, we’re told there’s a clear divide with who will and won’t consider snapping up property in Trump Tower nowadays.
On the flip side, there’s a whole new demographic that we’re told would love to live in their hero’s former home — so, a new dynamic of future residents, it seems.