Donald Trump's Real Estate "Will Go Up in Value" After Winning Election, Says Josh Altman
The #MDLLA broker appraises the president-elect's real estate portfolio.
Long before Donald Trump was the president-elect, he was a real estate magnate with landmark properties and hotels across the globe. He's especially known for the properties he's built in and around New York City, some of which bear his name — like Trump Tower in Midtown Manhattan where he resides. Given that he'll take office and move into the White House in January, we decided to ask Josh Altman to share if being elected the 45th president of the United States will increase the value of his portfolio.
"I like that: 'the value.' That's like selling Kim [Kardashian] and Kanye [West]'s house, you get more money because it's their house. You know, I don't know how much Trump is known for selling off. The trophy assets that he keeps, I can guarantee he's going to be keeping for a very long time. I think it will help in value, big time, even though he doesn't need any help," the Million Dollar Listing Los Angeles agent told The Daily Dish.
In fact, there's another property in Los Angeles with a hefty price tag, which may that give you an idea of how much homes and properties once owned by presidents are worth to buyers. "Ronald Reagan's house in the [Pacific] Palisades, [it's] on the market right now [for $20 million] and they're asking a premium because there's pictures of Ronald at the house and it's very cool," Josh said. "So I think all of [Trump's] real estate will go up in value now and [I'm] very interested to see what's gonna go on."
If you're looking for someone to help negotiate that deal, might we suggest one of the Joshes, who you can check out every Thursday on MDLLA at 9/8c.