Mon 18 Aug 2008
http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=8372654
Trump calls in to this TV show.
Manhattan commercial and residential and certain sub markets remains strong markets remains strong. The rest is pretty bad. Outside the US markets are pretty good.
It will be very hard to get new loans. Even if you have good tenants lined up. The banks are pretty much shut down already.There is very little liquidity. The money the central banks are putting out is likely is going into oil.
If you don’t have a lot of cash you are out of business. Even if Donald has been in the business for a long time, he have never seen the economy so complex and at the same time so scary.
Donald says that the economy outside New York is at depression levels.
Right now Donald is buying the prime assets that where ridiculous expensive a few years back. He is buying land that is zoned in the best locations, and he doesn’t buy un-zoned land any more. He is continuing to do business abroad, such as in Dubai where business is much better than in the U.S.