New York's absurd penalties against Trump will lead to fewer investments

 Red State:

Real estate investor Grant Cardone posted on X that his company, CardoneCapital, had initiated research into potential investments in New York. However, 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. 

...

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 California 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.

...

Real estate investors are wise to avoid states like New York.  They are better off investing in Texas and other red states. 

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