Why no one wants to live in Donald Trump's childhood home in Queens
'21.09.2019'
Source: New York Post
Nobody wants to live in the New York house where US President Donald Trump spent his childhood. The price of this house is 2 times the average cost of housing in Queens. Writes about this New York Post.
The house on Jamaica Estate, an area of 2000 square feet (610 square meters), where Fred Trump raised Donald, is again auctioned. Its holding is scheduled for November 14. Bidders are asked to provide written offers. There is no starting bid, although the seller has set an undisclosed base price below which the house will not be sold.
Given the current owner, an anonymous Chinese investor, paid $ 2,14 million in 2017 year for a piece of presidential history, despite the fact that the average price of single-family homes in the area is $ 980 thousand for, it is likely that a new buyer will become another foreign investor, not a resident of Queens.
“As a house, it costs about 1 million dollars,” says Misha Hagani, director of the real estate company Paramount Realty USA, which is holding an auction to sell the house for the third time. - But we do not sell real estate. We sell a dream, a collectible exhibit, something significant for many people. ”
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Hagani thinks a “Trump fan with significant net worth” can step in to make the house great again. But more likely, he believes that a politically motivated group (for or against Trump) will buy this house for their own purposes.
“None of the last buyers were going to live in the house, and no family would pay more just to live in this house,” he says. “I suppose someone will come together to buy this house for other purposes.”
However, selling without an initial price is not very reliable. An unknown seller has already tried and could not attract a buyer in 2019, when they wanted to sell the house for $ 2,9 million. It was withdrawn from the market in just 10 days. To make matters worse, no one even wanted to rent a house.
Shortly after the sale in 2017, the house appeared on Airbnb, the tenant had to pay $ 725 per night.
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However, Hagani is confident that this time the house will be sold. He even offers a prize to the person who most closely guesses the selling price.
“We'll give $ 10 000 to the person who names the closest amount to the selling price,” says Hagani. “This is the third time we are selling this house, so we thought it would be fun.”
