- New York relies on real estate for half of its tax revenue
- New York City hit by pandemic, with unemployment much higher than the national average
- Trump suggested he and his wife, Melania, would relocate to Florida
Real estate values in New York City could get a lift if one of its more high-profile occasional residents, President Donald Trump, permanently moves to Florida after he leaves office, real estate agents claimed.
Online news tabloid TMZ reported, without quotes or identifying its sources, that a Trump departure could boost real estate values in New York City. If he does leave the city, as he pledged in October 2019, the tabloid notes that security measures at his buildings would be downgraded and access to the building and surrounding areas would improve.
“If Trump scrams … most, if not all, of that goes away — which our sources say would help