Donald Trump could be about to lose Mar-a-Lago too
Donald Trump is now just a few days from starting to lose his assets, due to his inability to make bond in his New York civil fraud trial. It’s clearly sinking in for Trump, as he sent out a missive yesterday about how he thinks he’s going to lose Trump Tower. But that could be just the start.
The trouble for Donald Trump is that he’s so deeply in debt on so many of his properties, he can’t easily use them as collateral. In fact one real estate expert now thinks that the only way for Trump to avoid losing all of his properties would be to sell the one property he’s the least financially screwed up on: Mar-a-Lago.
Of course Mar-a-Lago is the very last property that Trump wants to let go of. He now lives there. He thinks of it as his political home base. And he likes the general lawlessness of Florida these days. But if he doesn’t sell Mar-a-Lago, he might end up losing everything. Tick tock.
