re: #523 Bubblehead II

I think that analysis is far fetched. There’s a far more reasonable and direct reason for Trump’s net worth to decline. It’s depreciating along with the value of his real estate.

The bulk of Trump’s real estate is in NYC and the bulk was built in the 1980s and 1990s. His buildings are dated and there’s an entirely new class of superluxury buildings that have been built across NYC since then.

Trump can’t keep up because he’s leveraged to his eyeballs and slapping his name on others’ construction projects isn’t getting it done either.

Therefore, he’s falling further behind because he can’t modernize and he’s got an aging portfolio of buildings (which has always been anchored to middle class building projects where his dad got his start - and which he inherited).