how not to buy property: Trump’s son-in-law buys 666 Fifth Avenue in New York …. Ten years later, big trouble

How not do buy property:   Trump’s son-in-law’s firm owns property that cannot pay for itself.   In 2006, at the height of the real-estate bubble, Kushnerâ€s real-estate firm made an audacious purchase of 666 Fifth Avenue—prime Manhattan property. But just over 10 years later, that deal has reportedly crippled the company and has raised significant questions about Kushner himself.

An in-depth article by Bloomberg News in August gave a dour view of the purchase:

It was 2006—the height of the real-estate market boom—when Kushner Cos. agreed to buy 666 Fifth Avenue for $1.8 billion, then a record for a Manhattan building. All of it was borrowed except for $50 million. The company still holds half of a $1.2 billion mortgage, on which it hasnâ€t paid a cent. The full amount is due in February 2019.

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Aptos Psychologist:   Stick toMonopoly for fun!   written by  licensed psychologist Cameron Jackson, Ph.D.Dr. Jackson’s office address is listed below.   

Monerey Bay Forum

127 Jewell Street

Santa Cruz, CA 95060

United States (US)

Phone: 831 688 6002
Fax: 831 688 7717
Email: jaj48@aol.com