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-Land of the Free
Real Estate Investor Grant Cardone Says He Won't Invest in NY, Will Double Efforts in Red States
2024-02-21
[RedState] Real estate investor Grant Cardone posted on X that his company, CardoneCapital, had initiated research into potential investments in New York. However,
the hip bone's connected to the leg bone...
former President Trump was ordered to pay $355 million following a civil fraud ruling.

Cardone said his team will double their efforts to find real estate properties in several red states, including Florida, Texas, and Tennessee.

As RedState reported, Elena Cardone, Grant's wife, set up a GoFundMe page to help Trump pay the $355 million. So far, they have raised over half a million dollars.

New York Gov. Kathy Hochul tried to reassure folks that they would not be fined for doing business in New York.

I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump
...dictatorial for repealing some (but not all) of the diktats of his predecessor, misogynistic because he likes pretty girls, homophobic because he doesn't think gender bending should be mandatory, truly a man for all seasons......
and his behavior.

By and large, they are honest people and they’re not trying to hide their assets and they’re following the rules.

And so this judge determined that Donald Trump did not follow the rules. He was prosecuted and truly, the governor of the state of New York does not have a say in the size of a fine, and we want to make sure that we don’t have that level of interference.

Well, it does not seem like her message is resonating with real estate investors and other entrepreneurs. Cardone is well-known in the real estate industry and seems to have many connections, which could hurt New York more than some might think.

Cardone is not the only entrepreneur deciding not to do any business in New York. As RedState reported, Shark Tank's Kevin O'Leary, also known as "Mr. Wonderful" said he would never invest in New York now. O'Leary also noted that "every real estate developer does this" regarding the court ruling of Trump, as well as refuting Hochul's claim that those who do business in New York are "very different than Donald Trump."

O'Leary called Caliphornia, an impregnable bastion of the Democratic Party, a "loser state," and New York a "mega-loser state." Instead, he will invest in red states such as North Dakota, Oklahoma, and West Virginia.

Leadership matters as red states are gaining more investors and entrepreneurs while blue states are seeing a population and business exodus.
Posted by:trailing wife

#12  Trump seemed to indicate that he has the cash.
Posted by: Angealing B. Hayes4677   2024-02-21 21:55  

#11  Governor Hochul basically brags that this was basically a bill of attainer.

Posted by: lord garth   2024-02-21 19:55  

#10  ..some wannabe pol in California already introduced an (unconstitutional) bill to tax those leaving the state.

They get you coming and going. When a buddy moved to Cali for a job decades ago, the state charged him something like $800 just to bring his car into the state. Title and registration extra. No doubt the cost has increased.

The way to work around any constitutional issues is to call it a fee instead of a tax. The Supreme Court is happy to go along with this. Assuming you have standing, of course.
Posted by: SteveS   2024-02-21 19:05  

#9  California Democrats are looking to push legislation that would tax the state's wealthiest residents, even if they've moved to a different state.

The bill was introduced last week by progressive Democrat Alex Lee, which is looking to impose an extra 1.5 percent annual tax on Californians with a "worldwide net worth" greater than $1 billion, beginning January 2024, with the intention of lowering the threshold to $500 million by 2026, Fox News reports.
Posted by: Frank G   2024-02-21 18:43  

#8  ..some wannabe pol in California already introduced at (unconstitutional) bill to tax those leaving the state.
Posted by: Procopius2k   2024-02-21 17:12  

#7  I haven’t checked, but there must be commie bozos on the internet that are mad that investors have the ability to avoid Blue States.
Posted by: Super Hose   2024-02-21 15:47  

#6  Same people who said they aren't coming after your natural gas or your pizza ovens, you gonna believe this?

Like I said, its the appeal of the case -or prohibitive lack of- which will be interesting.
Posted by: swksvolFF   2024-02-21 13:34  

#5  Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted. 8th Amendment of the US Constitution
Posted by: Angealing B. Hayes4677   2024-02-21 13:32  

#4  Karen is judging your behavior, not your deeds.

And if you believe Hochul is going to leave you alone, remember she was among the greatest liars of Covid.

Busted a child for celebrating his birthday, think now they figured how to draw $millions now they are going to leave you alone? Auntie needs a new pair of shoes.
Posted by: swksvolFF   2024-02-21 13:31  

#3  Letitia James 'prepared' to seize Trump's assets if he is unable to pay $354 million fraud fine
Posted by: Skidmark   2024-02-21 13:30  

#2  The Federal Government will ramp up the prosecution of the right as the purge continues.
Posted by: Angealing B. Hayes4677   2024-02-21 00:39  

#1  Persecuting innocent political opposition, their family, friends and stealing their property. This is "organized crime".
Posted by: Angealing B. Hayes4677   2024-02-21 00:34  

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