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This Is What Happened During The Florida Real Estate Bubble

During the 2008 financial crisis, Florida was an epicenter of the real estate meltdown. But for decades before that, the state has been characterized by booms and busts. In this week’s episode of the Odd Lots podcast, we speak with Arva Moore Parks, a ...

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Before he became the Republican presidential candidate or a real estate guy, Donald Trump grew up in a 2,500-square foot brick and stucco Tudor home in Queens in New York CityAnd while it's not his lavish penthouses or estates, the home did go up for auction this year, according to an article in CNN Money by Kathryn Vasel Want to see a video tour of the house? Follow this link, if so. And here's a Twit-pic! If you've dreamed of living in the same house that Donald Trump has lived in -- you're in luck — CNNMoney (@CNNMoney) October 18, 2016 However, the famous connection isn’t doing much for the houseThe article noted the opening bid for the home is $849,000, which would be a relative bargain for a house in this locationThe article added that earlier this summer, the property was on the market for as much as $1.65 million From the piece: "The connection to Trump is timely and the value is a little difficult to ascertain due to the association with Trump," explained Misha Haghani, the co-broker on the listing from Paramount Realty USA, on why the home is being auctioned"An auction is a great way to sell ..things that have a unique or sentimental valueA value beyond the physical." (photo credit: Joseph Sohm / Source: CNN Money VIDEO FROM HOUSINGWIRE & OUR PARTNERSwindow.jwplayer = undefined; window._define = window.define; window.define = undefined;jwplayer.key = 'KGAOiHCD';window.define = window._define; Reprints // // Related Articles Traveling to New York? Stay in Trump's childhood home now listed on Airbnb Donald Trump sells Manhattan home for $21 million Donald Trump talks housing (and everything else) in speech to homebuilders Brena Swanson is formerly the Digital Reporter for HousingWireBrena joined the HousingWire news team in February 2013, also serving in the roles of Reporter and Content SpecialistBrena graduated from Evangel University in Springfield, Missouri Recent Articles by Brena Swanson Land Home Financial Services names new vice president of strategic initiatives CFPB’s arbitration rule officially revoked in the Federal Register MBA: Mortgage applications post little change heading into the holidays Blighted Michigan homes expose residents to hazardous materials if demolished PHH vsCFPB: Cordray won't be around to see the outcome of the case Services Guide // var disqus_developer = 0; var disqus_shortname = "housingwire"; var disqus_identifier = "article-38317"; var disqus_url = ""; var disqus_title = "Donald Trump's childhood home up for auction"; /* * * DON'T EDIT BELOW THIS LINE * * */ (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + ''; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })(); Please enable JavaScript to view the comments powered by Disqus. Comments powered by Disqus var disqus_shortname = "housingwire"; (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = '//' + disqus_shortname + ''; (document.getElementsByTagName('HEAD')[0] || document.getElementsByTagName('BODY')[0]).appendChild(s); }()); The Latest News — Nowhere ElseSign up and we'll keep you up to date Thank you for subscribingExpect to receive your newsletter within two business days. Receive HousingWire'sDaily & Breaking News Monday Morning Cup of Coffee: HUD morale said to hit all-time low Kelsey Ramírez Real-time immersion in your company will save you millions of dollars Ali Vafai Loan Officers: Are you a commodity or are you a brand? Jason Frazier Sponsored Financial Content Industry Events 04 Mar LendersONE 2018 Winter Conference Scottsdale, AZ 12 Mar CBA Live 2018 Orlando, FL 19 Mar NRMLA’s 2018 Western Regional Meeting Huntington Beach, CA This month inHousingWire magazine March 2018 The future of valuations The appraisal industry is in the midst of huge disruption as automated valuation models and hybrid appraisal products gain favor with regulators and investorsWhat does the future hold for appraisers and appraisal companies as they adjust to the new realities of automation? Subscribe Now Feature Arrested development: The long-term consequences of student debt on the housing economy Kelsey Ramírez Lending As Millennials grapple with paying off student loans, their opportunity to buy a home gets pushed further and further into the futureThat delay has consequences far beyond individual students — the growing student debt crisis impacts every part of the economy.  Commentary Valuation: Evolution or revolution? Jeff Jonas Real Estate There has been a conscious and rapid shift to broaden the use of alternative valuation products for originationNot every decision needs a $500, full-blown 1004 interior appraisalAnd in some markets where appraisers are short in number, the turn times can stretch from days to weeksWhat these new alternative — some would say disruptive — valuation products do is enable lenders and servicers to better match the product to the risk by harnessing big data and technology. HousingWire MagazineAccess All IssuesMortgage Lending NewsMortgage Servicing NewsMortgage Investment NewsREwired Blog HW Community HW Insiders AwardRising StarsHW TECH100HW Vanguard AwardsWomen of InfluenceHousingJobs Company About UsAdvertiseEditors' Choice AwardsEditorial PoliciesAd Submission PortalLicensing & ReprintsContact UsContributor Submissions Connect With Us

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