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Donald Trump: Buy Real Estate Now

By Dan Weil   |   Monday, 04 May 2009 11:12 AM

Donald Trump says now is the time to buy real estate.

“The world is in tremendous trouble, but this is a great time to buy assets,” the real estate mogul and TV celebrity tells Bloomberg TV.

“This is the time to buy.”

As for his own real estate, Trump is excited about his recent purchase of the Lowes Island Club in Potomac Falls, Va., on the Potomac River outside Washington, DC.

“This great asset…would never be available, in fact wasn’t available until just recently,” Trump says.

“It’s going to be a tremendous asset. And it’s going to be the best [golf] course in the Washington area by far.”

Trump says, “I have the No. 1 course in California, Trump National. I have the No. 1 course in Florida. And this will be also the No. 1 course.”

Discussing Tiger Woods, who hosts a tournament in the area without a permanent home, “I think he and everybody else will want to be here,” Trump says.

Assessing President Obama’s first 100 days, Trump says, “I think the president is doing a really good job. I’m very happy with him. He’s working hard. He inherited a mess.”

As for real estate, not everyone shares Trump’s bullishness.

"We will certainly need a few more months of data before we can determine if home prices are finally turning around," David Blitzer of Standard & Poor’s tells the Associated Press.

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Donald Trump says now is the time to buy real estate.“The world is in tremendous trouble, but this is a great time to buy assets,” the real estate mogul and TV celebrity tells Bloomberg TV. “This is the time to buy.”As for his own real estate, Trump is excited about his...
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