Trump Jr. Sells Beverly Hills Home to company registered in British Virgin Island at big premium

[Demovictory9]

Trump Jr. Sells Beverly Hills Home at a Rich Premium

TrumpCo has sold a home in Beverly Hills:

A deed registered with L.A. County on May 31 shows that Trump’s eldest son, Donald Trump Jr., signed the property over to Hillcrest Asia Ltd., a company registered in the British Virgin Islands. The price tag: $13.5…. Trump bought the property, at 809 North Canon Drive, for $7 million in 2007, according to L.A. County land records. The county assessed the property last year at $8.3 million.

Hmmm. Luxury homes have been very hot in Los Angeles over the past few years, but the Beverly Hills market softened considerably last year and prices dropped. A home like this one should probably sell in the neighborhood of $10-11 million. So why did this Indonesian guy pay $13.5 million? We can guess, but I suspect we will never know.

https://www.motherjones.com/kevin-drum/2019/06/trump-jr-sells-beverly-hills-home-at-a-rich-premium/

[FakeNoose]

1. Well he has to split this with his ex-wife, am I right?

Junior had a wife and family with he bought this house so I would guess it's in both their names.
Grifting is expensive especially when you have to split it with your ex-wife.

[Jacoby365]

3. Rachel Maddow did a story about this a few days ago.

Turns out, the Indonesian guy that bought the property above it's value, is a politician over there, and he is thinking about running for President of Indonesia.