Trump slams green construction, advises buying banked-owned property: VIDEO

TRD MIAMI /
Feb.February 28, 2012 03:00 PM

In his inaugural appearance on “Squawk Box’s” new weekly feature, “Trump Tuesday,” Donald Trump said housing is the best investment right now, and railed on green office buildings.

Trump reasoned that because of the nearly $16 trillion national debt, “the greatest thing you can own” is real estate, unless the debt gets resolved the “old-fashioned” and “proper” way.

Of course, with lending so tight, Trump acknowledged the only way an investor can take advantage of his advice is to purchase a bank-owned property. “Banks will loan money only if they have to get rid of something from inventory.” he said. “Tell the bank you want a 30-year mortgage” and you’ll lock in a low interest rate.

Much of the rest of the 12-minute segment focused on energy, as oil prices rose to $108 per barrel today. In the discussion, Trump said wind energy has failed, that global warming is turning out to be false and that green office construction yields undesireable results.

He told the story of a friend who was so proud to move his business into a green office building two years ago. The first thing Trump said he asked his friend was whether he was wearing glasses. When the friend replied “no,” Trump said: “Get used to it because you will be someday because you eyes will go bad. You won’t have enough light in the winter and you’re going to be extremely cold. In the summer you’re going to be sweating at your desk.”

Trump said the friend called yesterday to tell him he was absolutely right and the move was the dumbest thing he ever did.

“It’s green because they don’t give you enough energy,” Trump said.


Related Articles

arrow_forward_ios
Donald Trump and Mar-a-Lago Club (Credit: MANDEL NGAN/AFP via Getty Images, and iStock)

Trump’s Mar-a-Lago furloughs 153 employees

Trump’s Mar-a-Lago furloughs 153 employees
Donald Trump, Vanilla Ice and Briny Breezes (Credit: Getty Images)

Trump Town? Briny Breezes wants to sell for $1B

Trump Town? Briny Breezes wants to sell for $1B
Daily Digest Miami

Missoni Baia lands massive loan, Babylon Brickell owner sells Overtown property: Daily digest

Missoni Baia lands massive loan, Babylon Brickell owner sells Overtown property: Daily digest
Donald and Melania Trump at the entrance way of Mar-a-Lago (Credit: Getty Images)

With move to Mar-a-Lago, Trump could use Florida real estate law to protect himself from creditors

With move to Mar-a-Lago, Trump could use Florida real estate law to protect himself from creditors
Donald Trump, and Trump National Doral Miami golf resort (Credit: Getty Images and iStock)

Trump disputes report that Doral golf resort has bedbugs

Trump disputes report that Doral golf resort has bedbugs
Daily Digest Miami

RREEF scoops up Hialeah property in largest industrial sale of SoFla this year, filling FEC water slip could cost $232M: Daily digest

RREEF scoops up Hialeah property in largest industrial sale of SoFla this year, filling FEC water slip could cost $232M: Daily digest
Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

Former members of Trump Doral may have to wait decades to get their deposits back
President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill

Trump properties in Palm Beach County could get $1.5M tax bill
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...