Donald Trump is Almost a 99 Percenter Now That He's Sold His Rancho Palos Verdes Mansion at a Loss | The Informer | Los Angeles | Los Angeles News and Events | LA Weekly
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Real Estate

Donald Trump is Almost a 99 Percenter Now That He's Sold His Rancho Palos Verdes Mansion at a Loss

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Fri, Oct 21, 2011 at 11:31 AM

click to enlarge Casa Trump. - REDFIN
  • Redfin
  • Casa Trump.
Occupiers, you have no heart.

The 1 percent are suffering through this economy too. Take Donald Trump, who just sold his house overlooking his Trump National Golf Course in Rancho Palos Verdes for a measly $7.15 million.

Hold on while we wipe the tears from our eyes and play the world's smallest violin, because ...

... Trump had hoped to get $12 million for the place, according to Curbed.

click to enlarge DT.
  • DT.

Tragic.

The place was described as an 11,000-square-footer that the Donald built himself (using, we assume, the same material that keeps his hair up to California earthquake code).

Five bedrooms, nine bathrooms. Enough to keep at least a few occupiers clean and cozy.

We think DT should have held on to it and ridden out this real estate money-suck known as the Great Recession. At least the New Yorker would have had a pad to come to when he taps the 1 percenters here for cash for his next presidential campaign.

[@dennisjromero/djromero@laweekly.com]

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