Donald Trump claimed he could be forced to sell his properties at "fire sale prices" in order to secure a bond to satisfy the $464 million civil fraud judgment.
It goes up to auction and the price is what the highest bidder pays. You basically can’t do a fire sale. Unless he’s selling to a buddy and giving them a discount cough cough. But I think he’s playing the propaganda card “it was worth this, but look what they made me do”.
It’s a high interest environment, so not the best time to be selling expensive property, especially if they were overvalued to begin with. Either way, unless the Saudis or some other country bails him out, he’ll struggle to find buyers at the prices he assumes his properties are worth.
It goes up to auction and the price is what the highest bidder pays. You basically can’t do a fire sale. Unless he’s selling to a buddy and giving them a discount cough cough. But I think he’s playing the propaganda card “it was worth this, but look what they made me do”.
Which is how he got here to begin with.
Yeah, but you can’t get punished for doing the same crime twice. I heard that on Double Jeopardy.
/s
But will the highest bidder pay anywhere near what Trump claims they’re worth?
Still a ‘fire sale’, at least in his eyes.
It’s a high interest environment, so not the best time to be selling expensive property, especially if they were overvalued to begin with. Either way, unless the Saudis or some other country bails him out, he’ll struggle to find buyers at the prices he assumes his properties are worth.