Trump property in his name only

[txbo]

Home buyers claim Trump has taken advantage of their faith in him and his name
www.msnbc.msn.com/id/43021496/ns/business-us_business/?GT1=43001

[EVT1]

Definitely presidential material.

[floridayankee]

Far from the New York City towers that bear his name, in cities like Tampa, Fla., and Philadelphia, house hunters clamor to buy into his developments, sometimes exhausting credit lines and wiping out savings for a chance to own a piece of his gilded empire.

Sounds like some pretty savvy investors right there.

[EVT1]

They were mesmerized by the hair.

[pepper112765]

May 13, 2011 12:06:11 GMT -5 EVT1 said:

They were mesmerized by the hair.

-- there is always a segment of the population that falls for that bull...getting rick quick, "You too can be a real estate investor1" $35000 a class, they could have went to college and got a degree in a state school for probably less.

[Opti]

Interesting. I had no idea Trump has been mostly licensing his name for new buildings not developing them. I'd feel taken too, but I don't know that I'd buy into a Trump building ever.

[Deleted]

Next you are going to tell me that Jordan didn't make my cereal. My world is crashing around me.

[pepper112765]

I think that this is a case of people not reading the fine print, or maybe the question is whether it was in the fine print. Trump is a brand and he is paid licensing fees for use of his brand. However, that should have been completely spelled out in any advertising.

[pepper112765]

I think that this is a case of people not reading the fine print, or maybe the question is whether it was in the fine print. Trump is a brand and he is paid licensing fees for use of his brand. However, that should have been completely spelled out in any advertising.

[pepper112765]

Don't know why that posted twice....

[Opti]

I do think there was an intent to mislead. If you buy a Trump suit its fairly obvious he's licensed his name to that clothing manufacturer. However, since he's known as a real estate developer you wouldn't expect a building billed as Trump blahblah to be developed by others unless it was spelled out. I don't know what would prompt people to look and few people read all the documents in entirety before they buy some not even after they buy.

[marshabar1]

"Alan Garten, a lawyer for Mr. Trump’s company, said that, regardless of what Mr. Trump himself or any marketing materials had suggested, his role was disclosed in lengthy purchasing documents that buyers should have carefully scrutinized. But in an interview, Mr. Garten acknowledged that, “without a lawyer, it can be difficult” to understand such documents. He suggested that the housing market collapse, not Mr. Trump, was the cause of their troubles.

“They are people who lost money and are looking for somebody to blame,” Mr. Garten said."

Pure slime.

You know I'm glad to know this. I like Donald Trump, I like his personality. But I always knew what he was about really. Sometimes it's very hard to resist a sociopathic personality.

[marshabar1]

Oops!

[floridayankee]

May 13, 2011 12:50:07 GMT -5 @marshabar1 said:

"Alan Garten, a lawyer for Mr. Trump’s company, said that, regardless of what Mr. Trump himself or any marketing materials had suggested, his role was disclosed in lengthy purchasing documents that buyers should have carefully scrutinized. But in an interview, Mr. Garten acknowledged that, “without a lawyer, it can be difficult” to understand such documents. He suggested that the housing market collapse, not Mr. Trump, was the cause of their troubles.

“They are people who lost money and are looking for somebody to blame,” Mr. Garten said."

Pure slime.

You know I'm glad to know this. I like Donald Trump, I like his personality. But I always knew what he was about really.

Sounds like investors in "trump" properties would make excellent congressional candidates. They don't bother to read what they sign either.

Personally, I could give a rats ass about trump....but don't you think you'd want to at least understand the legal documents involved in purchasing something sight unseen because it doesn't even exist yet?

I guess this shows one does not have to be "smart" to make lots of money. It is good to see the liberal concern for all these evil, rich people that got "ripped off" though.

Sometimes it's very hard to resist a sociopathic personality.

No...it's really not that difficult.

[AgeOfEnlightenmentSCP]

Shoot! I bet next thing I find out will be that Walt Disney doesn't actually manufacture toys, clothing, stuffed animals, bedding, furniture, etc. Those bastards probably license the Disney name to companies that manufacture these things in China.

[EVT1]

Disclosed in lengthy documents huh, that doesn't get him off of the hook.

[txbo]

How many units could you sell with names like “Á˜N•‘å™Í or Das Deutsche Haus
Ha, cannot print Chinese characters.

[EVT1]

May 13, 2011 14:17:46 GMT -5 AgeOfEnlightenmentSCP said:

Shoot! I bet next thing I find out will be that Walt Disney doesn't actually manufacture toys, clothing, stuffed animals, bedding, furniture, etc. Those bastards probably license the Disney name to companies that manufacture these things in China.

But when a kid chokes on one-Walt's the one that is going to be paying for the damages. I doubt he's just gonna walk away from this one- sounds like intentional misrepresentation, fraud in the inception or something similar.