How Trump financially devastated people who just wanted a condo

Question:  How does Trump get rich off people looking to invest in one of his claimed, condo projects?

Answer:  Easy.  They believe Trump’s hype and jump right in.

(In the area of hype, media has been providing quite the helpful assist.)

Question:  How long after they fall for the hype do they learn the reality behind the hype?  

Answer:  Too long.  That’s the thing about hype.  The spigot is always open. 

But in fairness, Trump’s victims play a key role in their own, financial demise.  That people believe in Donald Trump do so at their own peril, is a given.  However, people continue to be duped because even smart people will throw away their life savings, after — becoming star-struck and — lose their minds.  

San Diego’s Stephen and Linda Drake were once two such people.  As reported by AP with the LA Times in 2009; the Drakes, she a shrink, he an airline pilot and financial planner, plunked down $250,000 down payment for a 19th floor oceanfront condo in 2006.

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Nice brochure!

TrumpMexicoCondo1

It didn’t turn out well for the Drakes –  or anyone else

The Drakes continue to reside in San Diego.  

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The Trump Baja Dream

The LA Times again covered the Baja Mexico Project in May, of 2009.  This time they quoted Hamed Hoshyarsar – who echoed the same reason for buying the Drakes did.  The Trump name was why he shelled out for the project.

Trump’s Ocean Resort – Baja Mexico, also attracted Hamed Hoshyarsar, a Northridge accountant, for the same reason. Trump was quoted in the LA Times

In that article Trump stated:

“I’m very proud of the fact that when I build, I have investors that follow me all over,” he says in the eight-minute marketing video produced for potential buyers. “They invest in me. They invest in what I build, and that’s why I’m so excited about Trump Ocean Resort.

“This is going to be something very, very special.”

Then came the hot Santa Anas winds…and instead of a condo, reality blew in.

TrumpHairTakesoff2

TrumpHairTakeoff

 

When reality hit Trump condo buyers, it blew away the glitz.

The hype machine closed and attorneys filed lawsuits. 

 

Perhaps in the future everyone, reporters included, will ask if Trump is the developer or if he’s just living a dream licensing deal.  Or, contact the project.  Which remains online!

Fast forward a couple of years – and the lawsuit settlement is announced. By then the people are so worn out they settle for pennies on the dollar seven and a half million dollars from investments of 31 million….and likely, a Confidentiality Clause.

Except whenever Trump is quoted in the LA Times as he was on November 27, 2013. Then Trump generally says the same thing. “The Plaintiffs are happy.

I am not sure how. I am not sure how any Plaintiff can be happy if Trump settles a 31 million dollar investor lawsuit for 7 million and after paying attorney fees, pocketing the rest.  Fast forward to another lawsuit, currently in the works.

TrumpU2Trump University however, is another matter.  I covered that debacle, yesterday, here.

And yet, in spite of the facts which are clear, people are still retaining their right to be duped.

Trump-BandofIdiots

Dirk Diggler – Believe it or not, this is not a parody account

So the question must be asked:  Can anyone blame Trump for taking advantage of people who are begging to be taken advantage?  Including the Republican Party.  Trump fans are driving the “revolution.” 

The Republican Party seems to have only recently discovered the Trump revolution is being fueled by Racists….the reason for Trump’s popularity. 

And not just any old racists.  Racists who are proud to be racist. Racists not only don’t believe a racist candidate is a bad thing; they believe Trump is their salvation.  

TrumpandKKK

Trump has the KKK endorsement. It’s 2016.

Yesterday Trump disavowed David Duke’s KKK endorsement.  Today, he walked it back. Trump walked on stage in Alabama and then announced an endorsement from racist Jeff Sessions!  Sessions lost a judicial nomination for saying,

“I used to think the KKK was okay until I found out they smoked pot.”

TrumpJeffSessionsKKKstatement

So Donnie Trump.  Thanks!

Will leave your racist, Anti-American fans and GOP party members with one serious piece of advice, and a joke. 

When the words and the actions don’t match:  Trust the actions.

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About bonnie russell

It's not about me....but working with and sometimes against attorneys, I *do* find interesting people doing interesting things.
This entry was posted in Bankruptcy Court, Business, Donald Trump, Journalism, Media, Republican Party, Social Media and tagged , , , , . Bookmark the permalink.

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