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Real Estate Investor Says No One Wants to Do Business in New York City After Trump’s Verdict (VIDEO) | The Gateway expert

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Real Estate Investor Says No One Wants to Do Business in New York City After Trump's Verdict (VIDEO) |  The Gateway expert
Grant Cardone, founder of Cardone Capital, reiterates his decision to withhold future investments from the Empire State in response to Trump’s guilty verdict. (Credit: Fox Business)

Real estate investor Grant Cardone appeared on the Fox Business Network this week after Trump’s verdict and said it will have far-reaching consequences for the city’s economy.

He suggested that no one (including himself) wants to do business in New York City anymore because they no longer trust the political and legal system there.

Cardone says the people who invested in his company wouldn’t even allow him to do business there.

By FOX affairs:

“If they can do this to Donald Trump, a former president, regardless of how you feel about politics, if they can do this to a former president, what can they do to Grant Cardone? What can they do with any other businessman?,” the Cardone Capital founder also said Friday about “Varney & Co.”

Cardone recently pulled his company out of the Empire State, warning that Trump’s legal troubles — including a previous $355 million fine in a civil fraud case in New York in February — would “cause financial harm” to the city.

“I have 15,000 investors with me at Cardone Capital. We raised $1.3 billion. “If I went to them today and said, ‘I want to invest in New York City,’ they wouldn’t give me any money,” the investor argued.

“That is one of the largest cities on planet Earth. And no one wants to go there to do business,” Cardone continued. “I blame the justice system. It is clear that the political system is weaponized.”

Watch the video below:

New York City is already grappling with the pressures of crime, reduced revenues due to people leaving and the border crisis.

Now they also face less investment from people like Cardone.

This situation will have an impact on New York that will last for a long time and in ways that are not even visible yet.