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sd
Nomad
Posts: 487
Registered: 3-19-2008
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So a single Mom puts up a $200,000 deposit. $467,000 remains to be paid for her agreed upon purchase price of $667,000.
Lets figure if she finances the balance her monthly expense is around $4,000 per month including association fee, taxes, insurance, upkeep. $48,000
per year.
Her kids are 14 and 16.
If everything had worked out, and her condo was delivered to her as agreed upon, how was she going to finance her two sons private university
expenses?
I do feel badly she will loose her money, but poor planning.
GREED - Buy it now and double your money. Buy 4 and you will really make BIG bucks! Trump should be punished for his part in false promises.
BUYERS- Be smart. Use an attorney of your choosing, one that is not known by the seller and/or agent.
Do not release money. Pass on the deal if they insist. The market is soft now, the seller will wait. If you are in the US, ask a local attorney their
opinion.
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Packoderm
Super Nomad
Posts: 2116
Registered: 11-7-2002
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Who now owns the lot? Do the investors own it, or is the screwing of the investors built into that part of the design as well? If the investors indeed
do own it, they could sub-divide the land into 188 lots and distribute it among themselves or hold a lottery amongst themselves to distribute a lesser
number of decent sized lots on the property. One thing is for sure, the name Trump should forever be associated with that piece of real estate -
whatever it does or does not become. Where did the $32 million go anyway? Is there any accountability at all?
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sd
Nomad
Posts: 487
Registered: 3-19-2008
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$32 mil was spent on hair gel for The Donald, shoes for Ivanka and a few meetings.
All documented expenses and a detailed expense report mailed to each buyer, right?
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The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
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Mood: High
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| Quote: | Originally posted by Woooosh
| Quote: | Originally posted by BajaNews
Guadalupe Mendoza, 47, of Downey, Calif., an administrator in the Los Angeles County Office of Education who lost her $200,000 deposit on a $667,000,
two-bedroom condo in Trump Baja poses for a photo with Trump Baja brochures at her home in Downey, Calif. on Sunday, March 1, 2009. Donald Trump is
scrapping plans for a luxury-hotel oceanfront condominium across from Tijuana's sewage treatment plant, and buyers, mostly from Southern California,
won't get any of their $32 million in deposits back. The single mother says the loss means she can't afford to send her two sons: Francisco Negrete,
16, and Carlo Negrete, 14, to private university. (AP Photo/Damian Dovarganes) |
Can anyone explain how this single 47 year old "county education administrator" came up with $200K cash to put down on an investment condo while
raising two teenage boys? And this will prevent the boys from attending private universities? She had a two year high-risk one-shot investment plan
for her kids college funds? I don't get it- but maybe that's why she is single. |
All we can really know from this, is that a man with the last name Negrete got terribly drunk twice about two years apart.
I will side with all of the other Nomads who are thinking that this lady does truly represent all that is wrong with the Cal School system both from
an academic as well as from a financial one. She reflects the same kind of society that gave us OCTOMOM.
I have already nominated her for a Darwin award in 2009.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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The Gull
Super Nomad
Posts: 2223
Registered: 8-28-2003
Location: Rancho Descanso, BCN
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Mood: High
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| Quote: | Originally posted by morgaine7
The Trumps are US.
Sales were transacted in San Diego.
Irongate is a "Los Angeles developer".
So apart from the location, how is this a Mexico problem?
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Fairly simple to explain. Guadalupe Mendoza and her two boys are Mexican.
�I won\'t insult your intelligence by suggesting that you really believe what you just said.� William F. Buckley, Jr.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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Trump has always sucked. peeed away daddy's money, filing bankruptcies over and over again. It's too bad that the media have universally portrayed him
as something special, when that's the last thing he is. How do you spell charlatan? Oh. I just did.
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ckiefer
Nomad
Posts: 258
Registered: 12-12-2007
Location: LaJolla
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| Quote: | Originally posted by Woooosh
Same story hit the Drudge Report at the same time- so more egg on the Donalds face. A good public shaming never hurt anyone. I saw him say on TV he
was embarrased the bankrupt Trump Casinos still have his name on them- ya think?
""I went out and saw this site, and I was blown away by it," Ivanka Trump told The Associated Press in June 2007. "From the minute I saw it, it was a
deal I had to do."
I guess she didn't arrive by helicopter and must have had a cold. Hard to miss the smell from the ground, hard to miss the wastewater treatment ponds
from the air.
[Edited on 3-7-2009 by Woooosh] |
Bill Maher gave the Don a public shaming tonight on his program Real Time with Bill Maher "New Rules". Maybe you could take a photo of the sign
along with the wastewater treatment ponds and send it to him. He'd get a real kick out it! 
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bigjohn
Nomad
Posts: 129
Registered: 11-19-2006
Location: Mission Viejo, CA
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Trump Dump
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BajaGringo
Ultra Nomad
Posts: 3922
Registered: 8-24-2006
Location: La Chorera
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Mood: Let's have a BBQ!
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I say that all those who invested in the project should camp out on the property and take it over, exercising "squatter rights."
That would make for some great press for the Donald...
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Bronco
Nomad
Posts: 168
Registered: 12-1-2007
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Pudgy coiffed Trump needs to go away
I love how this obese loudmouth has buffaloed the masses. Unbelievable people watch this clown having people make cup cakes on TV. I hope this will
forever trash his name and his kids can get real jobs instead of pimping for “poopsy” Trump and his children heavily promoted the northern tip of
Mexico's Baja California coast. He sold 188 units for $122 million the first day they went on a sale at a lavish event in a downtown San Diego hotel
in December 2006.
"I went out and saw this site, and I was blown away by it," Ivanka Trump told The Associated Press in June 2007. "From the minute I saw it, it was a
deal I had to do." Obviously Ivanka likes the smell of sewage and poverty. But they did grow up in NY.
The location was a contrast to more expensive Mexican coastal markets such as Puerto Vallarta, Los Cabos and
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Bob H
Elite Nomad
Posts: 5867
Registered: 8-19-2003
Location: San Diego
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| Quote: | Originally posted by soulpatch
I voted for Obama, no guessing necessary. After 8 years of whoring our country out to the people who have gotten us where we are now I am somewhat
hopeful for change.
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You're gonna get your change. Let's just hope it works - we'll see soon enough. My IRA's don't look to good since he was sworn in. He preaches
gloom and doom instead of prosperity and success with his stimulus plans. And all the spending scares me.
I am not one to talk politics, but this administration takes the cake if you ask me!
That's all I have to say.... OUT!
Bob H
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Gypsy Jan
Ultra Nomad
Posts: 4275
Registered: 1-27-2004
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Mood: Depends on which way the wind is blowing
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More Scathing Reporting on the Failed Trump Baja Project
From a New York based media site:
http://gawker.com/5166121/trump-baja-condo-project-goes-sout...
“Travel is fatal to prejudice, bigotry, and narrow mindedness.”
—Mark Twain
\"La vida es dura, el corazon es puro, y cantamos hasta la madrugada.” (Life is hard, the heart is pure and we sing until dawn.)
—Kirsty MacColl, Mambo de la Luna
\"Alea iacta est.\"
—Julius Caesar
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ElFaro
Nomad
Posts: 231
Registered: 9-16-2007
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Investors / Depositors Trumped
Article also talks about projects adjacent to and slowdown on the "Gold Coast" of Baja.
http://www.breitbart.com/article.php?id=D96ONQO00&show_a...
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline
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Slowdown? What a surprise.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline
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Know what? We're doing the same thing for Trump as the media has. Maybe it's time to ignore him.
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BajaGringo
Ultra Nomad
Posts: 3922
Registered: 8-24-2006
Location: La Chorera
Member Is Offline
Mood: Let's have a BBQ!
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Great point...
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline
Mood: Luminescent Waves at Rosarito Beach
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and I don't think it's near Rosario either.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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BajaGringo
Ultra Nomad
Posts: 3922
Registered: 8-24-2006
Location: La Chorera
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Mood: Let's have a BBQ!
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I think that the Realtors in Baja would be thrilled if it were "only" a slowdown...
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Woooosh
Banned
Posts: 5240
Registered: 1-28-2007
Location: Rosarito Beach
Member Is Offline
Mood: Luminescent Waves at Rosarito Beach
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| Quote: | Originally posted by Packoderm
Who now owns the lot? Do the investors own it, or is the screwing of the investors built into that part of the design as well? If the investors indeed
do own it, they could sub-divide the land into 188 lots and distribute it among themselves or hold a lottery amongst themselves to distribute a lesser
number of decent sized lots on the property. One thing is for sure, the name Trump should forever be associated with that piece of real estate -
whatever it does or does not become. Where did the $32 million go anyway? Is there any accountability at all? |
The site was owned by a Mexico City family. It had no value at all until Trump came along. It was not considered suitable for building. The Trump
project never even got past the environmental approval process to pull the building permits. They would have had to pump every bit of wastewaster
uphill to the treatment plant on the other side of the cuota.
[Edited on 3-8-2009 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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bacquito
Super Nomad
Posts: 1615
Registered: 3-6-2007
Member Is Offline
Mood: jubilado
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| Quote: | Originally posted by BajaGringo
I think that the Realtors in Baja would be thrilled if it were "only" a slowdown...
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Agree, I frequent Ensenada and it is like a "ghost town"-no tourist. BUT, the Wal Mart, Home Depot remain busy.
bacquito
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