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.
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.