New York City has been rocked by a series of high-profile scandals involving luxury real estate deals that led to a wave of evictions.
One of the most notable was a $4.6m mansion purchased by the former President of the United States Donald Trump, which he then handed over to a friend to use as a residence for his family, according to a report by New York Magazine.
The property is currently owned by Robert Mercer, who is known for his efforts to buy out large chunks of large US companies like Bank of America and Bank of New York Mellon.
While Mercer’s firm is still the majority owner of the mansion, it also owned the Trump Organization and its parent company, The Trump Organization.
According to the article, Trump donated the mansion to Trump Entertainment and Casino Resorts, which is owned by Mercer.
Mercers family reportedly sold the Trump Organization and its parent company to the Trump Organization in a $15bn deal in August of 2017.
This is the latest high-level scandal to hit New York, with former New York Mayor Rudy Giuliani saying that the city should not let the properties luxury properties go unsold.
“If you think about the amount of money that is being invested in this city, it’s not right,” Giuliani told Fox News.
“We should not allow that kind of money to be squandered in this way.
New Yorkers, you should not be letting luxury properties, which are supposed to be luxury properties to go unowned.”
The Trump organization, which has been dogged by a string of scandals, is also the owner of MTV and CNN.
However, the company was found in breach of a settlement with Viacom over the annual Vince Martino documentary The Apprentice.
In November 2017, a former senior executive who worked for Trump’s MOVI Group and MGM was fired after his company was found to have fraudulently misappropriated $10m from a trust fund.
Additionally, MUSIC company The Black Keys has been sued for failing to pay rent on its own premium home in the Midtown area for seven years.
Other high-profile fails include the $3.2bn Trump Hotel in Las Vegas and the luxury mansion in New York that was acquired by Trump in 2010.
After several disasters in the past, New York may have been a more competitive market for residents to rent out their homes.
That may be changing, however, as some high-end residences are starting to fall into disrepair, according to The New York Times.
Many of these homes have become extremely expensive to maintain, as they have been renovated, and some have gone to finance businesses, such as Luxury Resorts.
Despite this malfunction, most resort houses are still available to rent, with the average price now $5,000 per month.
And, even though many resorts are struggling, many have seen an uptick in demand for residential rentals, as well.
With a shortage of affordable housing in the area, reservations are starting to increase.
For Resort guests, this is likely to be a major boon, as the residual cost of rental in Manhattan is still well above $1,000 per month, according to the New York Post.
Resorts are also increasing the number of hotel rooms they can offer in order to maximize the impact of their rent hikes.
New luxury hotels are starting to pop up in the region, including the Palazzo and the Fountains in Chelsea.
These hotresorts, which are the largest and most luxurious hotbeds in NYC, are expected to bring in over $500m in $10bn revenue this year alone.
Meanwhile, new hotcasinos are starting up across the US, and many are going to offer casinos for rent.
Hotcasinos like Las Vegas Sands,