[quote=briansd1]Interesting article on Donald Trump and how some people got taken to the cleaners buying into his brand.
[/quote]
He’s far from being the first, and I’m positive that his name will not be distinguished by being the last to buy into Trump. But the silver lining of this cloud is that Alex can now endeavor to impress people with the fact that he was quoted in the NYT AND the implied fact that he’s well-heeled enough to be able to lose $100K to The Donald.
[quote=briansd1]
“The last thing you ever expect is that somebody you revere will mislead you,” said Alex Davis, 38, who bought a $500,000 unit in Trump International Hotel and Tower Fort Lauderdale, a waterfront property that Mr. Trump described in marketing materials as “my latest development” and compared to the Trump tower on Central Park in Manhattan.
[/quote]
Mr. Davis needs to look up synonyms for the word “revere” – “venerate”, “adore”, “worship” – and realize that these are not words to be wasted on mere mortals. If you’re envisioning the guy to whom you’re turning over your money as some sort of Deity, someone in your inner circle really should be suing for conservatorship of your financial affairs.
[quote=briansd1]
“There was no disclaimer that he was not the developer,” Mr. Davis said. The building, where construction was halted when a major lender ran out of money in 2009, sits empty and unfinished, the outlines of a giant Trump sign, removed long ago, still faintly visible.
[/quote]
Yeah, when I’m looking to make a $500 grand investment, I make sure to always read the promotional materials and the developer’s autobiography to get the real lowdown. To hell with checking out public records detailing his impressive history of bankruptcies, half-finished developments, and repeatedly-botched “business” dealings.
[quote=briansd1]
Mr. Davis is unable to recover any of his $100,000 deposit — half of which the developer used for construction costs.
Another casualty: his admiration for Mr. Trump, whose books and television show Mr. Davis had devoured. “I bought into an idea of him,” he said, “and it wasn’t what I thought it was.”
[/quote]
To paraphrase dialogue from an immortal John Landis film, “Thirty-eight years old, gullible, and criminally stupid is no way to go through life, son.”
