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politics and politicians Title: Trump Baja venture leaves buyers high and dry Deposits totaling $32.2 million are lost in the collapse of the celebrity developer's hotel-condo project. SAN DIEGO — Stephen and Linda Drake cast aside concerns about owning property in Mexico because they believed in Donald Trump. The Southern California couple made a $250,000 down payment on a 19th-floor oceanfront condo in Trump Ocean Resort Baja in 2006 before the first construction crew arrived. But admiration for the celebrity developer and star of "The Apprentice" has now turned into anger and disbelief as Trump's luxury hotel-condo plan collapsed, leaving little more than a hole in the ground and investors out of their deposits, which totaled $32.2 million. "I can't even stand to see Trump's face on TV," said Linda Drake, a psychologist whose husband is a commercial airline pilot and financial advisor. Investors were told last month that their money was spent and that they wouldn't get a penny back. A single mother in suburban Los Angeles lost $200,000 and won't be able to send her sons to private universities. A Los Angeles-area businessman lost a deposit of more than $1 million on four Trump units, including two penthouses. The project's collapse comes at a delicate time for Trump, whose casino company, Trump Entertainment Resorts Inc., filed for bankruptcy protection last month. He also is embroiled in a lawsuit to avoid paying debt on the struggling Trump International Hotel and Tower in Chicago. Trump and his children heavily promoted the northern tip of Mexico's Baja California coast. He sold 188 units for $122 million the first day they went on a sale at a lavish event in a downtown San Diego hotel in December 2006. "I went out and saw this site, and I was blown away by it," Ivanka Trump said in June 2007. "From the minute I saw it, it was a deal I had to do." The location was a contrast to more-expensive Mexican coastal markets such as Puerto Vallarta, Los Cabos and Cancun, she said. The Trumps remained buoyant even as the U.S. housing market began to crumble. Ivanka Trump assured buyers in an October 2007 newsletter that all Trump projects were immune to a slowdown. "In characteristic Trump fashion, Trump Ocean Resort Baja will be the best of the best, and consequently always in demand," she wrote. All that remains of Trump Baja is a highway billboard with a large photo of Donald Trump that advertises condos for sale. It hovers over a closed sales center and showroom, a paved parking lot, a big hole that cuts a wide swath, drainage pipes and construction equipment.
Poster Comment: This is how The Donald does bidnez. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest An old story. And plenty of info is available and angry investors to dish some dirt on Teh Donald. Tellingly, there is no mention of this in the libmedia and on media outlets on the Right like Fox News or Rush Limbaugh. You can bet all these old stories, Trump's adulteries, his bait-and-switch name-brand con games, will be front page news once his monstrous ego has succeeded in wrecking the GOP enough to ensure the election of Hitlery. It turns out the GOP base is just as stupid as the GOP establishment. What I can't understand is why Trump's opponents aren't willing to run attack ads with these investors who got screwed in this (and other) Trump schemes. They have every incentive to expose him on these scandals but haven't done so yet. And none of them have comparable skeletons in their own closet.
#2. To: TooConservative (#1) Tellingly, there is no mention of this in the libmedia and on media outlets on the Right like Fox News or Rush Limbaugh. Because Trump,like the good carnie ringmaster that he is,is distracting the rubes from the reality that we no longer live in a free country as a people with choices. "Bread and Circuses." ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #3. To: TooConservative (#1) This is called "taking a risk to make a lot of money". These buyers could have waited until the condo was built. Of course, then they would have paid a lot more. But they chose to gamble to get it at a lower price. They lost. Now they want their money back?
#4. To: misterwhite (#3) (Edited) Now they want their money back? Trump, his children and their cronies took in hundreds of millions of dollars. And there is nothing at all to show for it. Nothing go built. That is outright fraud. You should realize that this non-issue will become the story of the century for libmedia once Trump has wrecked the GOP entirely as a conservative party or, better yet, gotten its nomination.
#5. To: misterwhite (#3) Now they want their money back? They got their money back.
Trump was not the developer, as the 2009 AP article in the Los Angeles Times falsely claimed, and as the Times subsequently admitted. Trump left the project a year before the article was written. The actual developer, Irongate Developers, settled with the buyers for $7.25 million to resolve their liability.
#6. To: TooConservative (#4) That is outright fraud. That is an outright lie.
#7. To: Roscoe (#5) "Trump was not the developer ..." Yeah ... well ... okay ... but I heard he used eminent domain to evict that old lady and threw her into the parking lot where she was run over by a limousine.
#8. To: misterwhite (#7) Yeah ... well ... okay ... but I heard he used eminent domain to evict that old lady and threw her into the parking lot where she was run over by a limousine. Not only that, he was convicted of fraud in the Supreme Magic Court of Unicorn Land.
#9. To: TooConservative (#4) "Trump, his children and their cronies took in hundreds of millions of dollars." On that project? I don't think so.
#10. To: misterwhite (#9) Maybe he was using New math.
#11. To: Roscoe (#10) "Maybe he was using New math." 86.7% of statistics are just made up.
#12. To: TooConservative (#1) Tellingly, there is no mention of this in the libmedia and on media outlets on the Right like Fox News or Rush Limbaugh. Amazing,ain't it? IF I were the suspicious type,I MIGHT be tempted to think this was all part of a carefully crafted plan to make sure no actual conservative even gets a chance to gain any traction during the primaries.
SAY IT AIN'T SO! I am shocked,SHOCKED,I TELL YA! that you would even suggest such a thing! It turns out the GOP base is just as stupid as the GOP establishment. Well,the GOP establishment can't exist without the loyal followers. What I can't understand is why Trump's opponents aren't willing to run attack ads with these investors who got screwed in this (and other) Trump schemes. They have every incentive to expose him on these scandals but haven't done so yet. And none of them have comparable skeletons in their own closet. Put simply,they have all been "handled" to insure they understood the consequences,both political and personal,to rocking the boat. Blackmail combined with jobs for relatives and maybe board seats for them,or losing office,losing position,and being unemployed and unemployable makes the choice easy for them all. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #13. To: sneakypete (#2) that he is,is distracting the rubes There is no bigger rube on this site then you Oscar.
#14. To: TooConservative (#1) It turns out the GOP base is just as stupid as the GOP establishment. No. You establishment pricks are more stupid.
#15. To: misterwhite (#3) This is called "taking a risk to make a lot of money". Is that a "round the corner" way of saying "They should have known better than to trust Trump!" Go ahead,spit it out. You can come right out and say it. Unless of course you are of the opinion that Trump has no responsibility or blame for being a scum-sucking thief because he is telling you what you want to hear? ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #16. To: sneakypete (#12) no actual conservative even gets a chance to gain any traction during the primaries. Oscar. You told us Bernie is the most conservative. He won New Hampshire. Truth is though neither you or Bernie are conservative Oscar.
#17. To: TooConservative (#4) (Edited) Trump, his children and their cronies took in hundreds of millions of dollars. Now,now! You are NOT saying the "smartest man in the world" that flies around with the world with a 6 pack of lawyers should have known it was illegal for Foreigners to own land in Mexico,are you? That would mean he KNEW he was lying when he "sold" them the property because HE DIDN'T OWN ANY PROPERTY THERE TO BE SOLD. HEY! If you can't trust a man like that to mean what he tells you when running for public office ("selling" himself),who can you trust? ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #18. To: sneakypete (#17) ("selling" himself),who can you trust? Are you trying us we should take a fag in a trash can seriously? That is funny.
#19. To: Roscoe (#5) They got their money back. No,they got a PORTION of their money back. They didn't get a dime from Trump for all the time he charged the corporation for him,his lawyers,bodyguards,use of his jet to fly to personal appearances,his appearance fees,etc,etc,etc. rump was not the developer, as the 2009 AP article in the Los Angeles Times falsely claimed,... No,but he rented his "Tradmark" (his name) to the project so potential buyers would think he was the developer,and never once denied it. Either he knew before signing the contract that it was illegal for Americans to own coastal property in Mexico,or he is a dumbass that hired incompetent lawyers. Which is it,stupid or crooked? Or maybe a combination of the two? ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #20. To: Roscoe (#8) Not only that, he was convicted of fraud in the Supreme Magic Court of Unicorn Land. Isn't that the world where he is a conservative and the smartest man in the world? ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #21. To: sneakypete (#19) (Edited) They didn't get a dime from Trump You're so emotional. In fact, they got a settlement from Trump in 2013, not that facts matter compared to your intense feelings.
Have you heard of this thing they call Google?
#22. To: Roscoe (#21) hey didn't get a dime from Trump You're so emotional. In fact, they got a settlement from Trump in 2013, not that facts matter compared to your intense feelings. Good observation about Pete. He does react with emotions a lot of time. Then just starts spouting off his Oscar the grouch routine.
#23. To: A K A Stone (#16) Oscar. You told us Bernie is the most conservative. No,I just said he wss more conservative than some of the alleged Republican candidates when it came to jobs and American industries. Bernie wants jobs and manufacturing to come back to America,and the GOP is only interested in stock prices and dividends. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #24. To: A K A Stone (#18) Are you trying us we should take a fag in a trash can seriously? Are you now claiming Trump is a homo? ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #25. To: Roscoe (#21) You're so emotional. In fact, they got a settlement from Trump in 2013, www.latimes.com/business/...wsuit-20131127-story.html Donald Trump has settled a lawsuit with more than 100 would-be condo buyers who lost millions of dollars when a Trump-branded luxury condominium project in Baja California failed. Bart Ring and Daniel King, attorneys who represented the buyers, declined to discuss details of the settlement because of a confidentiality agreement. Un,huh. A "dime on the dollar" deal that didn't cost him a dime because he was using their money. Uh,huh. How much did they get? What was the percentage of their money was returned to them? More than 100 would-be condo buyers filed suit in 2009 against Trump and his developer partners in the project. Last year, the developers agreed to pay $7.25 million to resolve their liability in the case. Trump told The Times that the developers were to blame, saying he merely licensed his name to the 525-unit oceanfront project and was not involved in building it. Iz not my fault! I know nutting! NUTTING,I TELL YOU! ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #26. To: sneakypete (#25) "dime on the dollar" Fake quote, the article says nothing of the kind. You're letting your emotions get the better of you again.
#27. To: misterwhite (#7) Yeah ... well ... okay ... but I heard he used eminent domain to evict that old lady and threw her into the parking lot where she was run over by a limousine. And he had the police shoot her puppy and confiscate the cannabis oil she used to treat her gout. Non auro, sed ferro, recuperando est patria #28. To: sneakypete (#23) No,I just said he wss more conservative than some of the alleged Republican candidates when it came to jobs and American industries. That is not what you said. Your memory is failing you. Here is what you actually said. "How far has American fallen when a self-described socialist is the most pro-American and conservative mainstream candidate on the list of presidential contenders?" libertysflame.com/cgi-bin...? ArtNum=40152&Disp=39#C39 So quit denying it. You also said you would never vote for anyone from Texas. Same thread. Here is your comment. " I will never vote for another Texas politician. There must be something in the water in Texas that twists their minds."
#29. To: sneakypete (#25) Un,huh. A "dime on the dollar" deal that didn't cost him a dime because he was using their money. Uh,huh. How much did they get? What was the percentage of their money was returned to them? Oscar. That isn't the way it works. You don't make a statement claiming it to be a fact. Then ask for the details. If you don't know the details you can't make statements of fact about it. I know it's over your head Oscar.
#30. To: sneakypete (#24) No Oscar.
#31. To: Roscoe (#26) "dime on the dollar" MOST people understand that an expression within a statement by the author that is surrouned by quotation marks is an indication an expression is being quoted BY THE AUTHOR,not the article he or she is commenting on. You're really sensitive when it comes to that lying gasbag,aren't you? ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #32. To: A K A Stone (#28) (Edited) No,I just said he wss more conservative than some of the alleged Republican candidates when it came to jobs and American industries. I'm not denying it,you dummy. Both what I wrote today and what you quoted send the same message. You just don't like it because it is too close to the truth to be comfortable.
Same thread. Here is your comment. " I will never vote for another Texas politician. There must be something in the water in Texas that twists their minds." Yes,I did say that. In fact I said it more than once. I MIGHT be having to back off from that because I am CONSIDERING voting for Cruz. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #33. To: A K A Stone (#29) You don't make a statement claiming it to be a fact. Really? YOU seem to be convinced "they got their money back",so please regale us all with the details. Did they get ALL of their money back,or only 5 percent after legal fees? Somewhere in-between? Do tell,all-knowing one. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #34. To: sneakypete (#31) the article says nothing of the kind You fled that point, gibbering in terror.
#35. To: A K A Stone (#29) You don't make a statement claiming it to be a fact. Then ask for the details. He does. Lots.
#36. To: sneakypete (#25) Trump told The Times that the developers were to blame, saying he merely licensed his name to the 525-unit oceanfront project and was not involved in building it. Infuriating that he can use his name to sell the condos and then have no responsibility for his shady partners bilking them of their investment.
#37. To: TooConservative (#36) then have no responsibility They got a settlement from Trump in 2013. Do you ever not lie?
#38. To: Roscoe (#37) They got a settlement from Trump in 2013. Pennies on the dollar. And they were forced to take that under a confidentiality agreement which keeps them quiet and cost Trump a fraction of what he and his cronies made on this scam.
#39. To: TooConservative (#38) Pennies on the dollar. I'd ask for a source, but we both know you're lying. It's what you do.
#40. To: Roscoe (#34) the article says nothing of the kind You have a rich fantasy life. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them. #41. To: Roscoe (#39) I'd ask for a source, but we both know you're lying. It's what you do. The only reason for a confidentiality agreement is that they settled for a lot less than they invested. If they had received full refunds (less the amount for the pittance of construction that actually did occur), there would be no need for confidentiality and Trump would be eager to say that the investors got all their money back. But they didn't. And they are bitter about it. Some of them couldn't send their kids to the schools they wanted and they couldn't retire because they trusted Trump. And he let his cronies bilk them out of the money in a real estate scam. Paying the premium for a Trump property was supposed to be a guarantee that a famous real estate developer would protect their interests. But it didn't. Trump had only sold his name to scammers so they could draw in some rubes. And then, to get back a pittance of what they had been robbed of, they had to sign a confidentiality agreement. Don't assume that that confidentiality will hold up if Trump gets the nomination. I think this real estate scheme will become front page news if/when Trump is the GOP nominee.
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