It has been brought to light that famous big businessman Donald Trump is experiencing the downfall of the market as well. Almost three years ago, construction started on a 52-floor Trump Tower in Tampa, FL, but now due to the market construction has been halted on the skyscraper (which is reportedly worth $260 million). While this is not good for Trump, it has also not been well received by the buyers who already made $200,000-$1.2 million dollar deposits.

This isn’t all of the bad news for Trump and his affiliated clients; one of his tower projects in Ft. Lauderdale, FL was scrapped, as well as potentially another in West Palm Beach. He also has a hotel/condo project to be built in Chicago, but the outlook for this is somewhat shaky as over 30% of the 825 units are as of yet unsold.

At least one project is finally starting to take off, after years of delays/design reductions, construction will finally be started on a tower in Toronto.

Financially wise, due to many investors, etc, Trump has less personal risk. After the real estate collapse in the 1990´s, he learned to better construct his own personal financing in his affairs. He remains positive, focusing on his projects that are still going strong, to quote him, when someone asks him about the state of the market he says, ¨not good except for Trump,¨