"Investors have been squeezing whatever they can get from this place in the years since Trump's ascension. As The Wall Street Journal reported, Michael Davis, a private-equity guy, bought the house for $1.39 million on Election Night in 2016, betting, it turns out correctly, that Trump would win. On the day of Trump's 2017 inauguration, Davis sold the house to a Chinese buyer for $2.14 million. Then he leased the house back from that buyer and rented it out on Airbnb for $800 per night, filling it with furniture from the Waldorf Astoria, which was closed for renovations, and plaques that said unsettling things like: "In this bedroom, President Donald J. Trump was likely conceived by his parents, Fred and Mary Trump.""
"Then the house sat, falling into disrepair. A small colony of feral cats appeared. It apparently smelled very bad. Then, in February, it was bought by a real-estate developer for $835,000. A subsequent renovation, to the tune of $500,000 per the Journal, transformed it into a beige box that the listing describes as "blending presidential history, refined interiors, and modern luxury." Those luxuries include smart toilets - and no feral cats, one assumes."
The Jamaica Estates house where Donald Trump lived as a baby is listed for $2.3 million with a listing that emphasizes presidential history and contemporary craftsmanship. Michael Davis purchased the house for $1.39 million on Election Night 2016, sold it for $2.14 million on inauguration day 2017, then leased it back and rented it on Airbnb with Waldorf Astoria furniture and provocative plaques. An Oxfam rental during the U.N. General Assembly led the owner to buy out the lease. The property later fell into disrepair, was bought for $835,000, and underwent a $500,000 renovation that added modern luxury features.
Read at Curbed
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