Why no one wants Donald Trump’s childhood home
It is a modest 2,000 square foot Jamaica Estate house, resting in Queens, New York of the United States. It is the home where Fred Trump raised Donald Trump, the current US President of the United States.
On November 14, qualified bidders will be able to make the childhood home theirs.
While there is no starting bid, it is a home that not many people want to live in - and with an asking price that is two times the neighbourhood’s median sale price, why would they?
“As a house, it’s worth about $1 million,” says Misha Haghani, the principal of Paramount Realty USA, which is handling the auction of the home for a third time.
“We aren’t selling real estate. We are selling a dream, a collectible, something that is meaningful to a lot of people.”
Haghani says the home might go to a “Trump fan with a significant net worth” could step in to make the 1940s house great again, he finds it more probable that a politically motivated group — either for or against Trump — will crowdfund the purchase for their own purposes.
“Neither of the last purchasers intended to live in the home and no family would pay a premium just to live in this house,” he says. “I see a collective pooling money to buy this.”
However, a sale is not guaranteed even if there is a high-profile name attached to it.
Earlier this year, the current seller - an anonymous Chinese investor who purchased the home in 2017 for over $US 2 million - listed it for $US 2.9 million in February.
It was pulled off the market after 10 days.
Interestingly enough, the former home of the controversial US President didn’t too well as a rental property either.
For $725 a night, the house could be anybody’s however, it wasn’t too popular as it was reported by The Post there was a stench of mothballs and lemon pledge, and no hot water.
Scroll through the gallery above to see Donald Trump’s childhood home for yourself.