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bruce kleinman's avatar

I grew up in NY so I know what Trump did. His father Fred had an "empire" of middling rental properties, mostly in Brooklyn and Queens. The Donald's critical insight was in order to make it BIG in the BIG Apple you got to expand into the big time: Manhattan ... and upscale properties. And that is exactly what he did. Along with this came the local celebrity and mega riches ... so the hundreds of millions of dollars of property may in fact be accurate. And by the way. In those days Donald Trump was a classic NY Liberal. I also remember my mother - and many like her - being quite amused by him as if he was a kinda "lovable blow hard." From the NY Times (November 1, 1976, by the way a great article especially now as we know how his life played out up till now):

"Although the Trumps have been building in New York City since 1923, the family has not gotten as much publicity as other real‐estate developers because they did not enter the Manhattan market until three years ago.

“It was psychology,” Mr. Trump explained. “My father knew Brooklyn very well, and he knew Queens very well. But now, that psychology is ended.”

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Gordon Imrie's avatar

I was a Manhattan landlord for much of Donald Trump's New York City tenure 1979-98. I was overseer of a tiny building and certainly would agree with his characterization of landlording as combat! After I sold it my building reached a Zillow valuation of $5million

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