Real Estate Investor Shifts Focus from NYC to Florida and Texas Following Trump Verdict

Real estate investor Grant Cardone has decided to cease all underwriting on New York City real estate following the verdict in former President Trump's fraud trial, citing risks that outweigh the opportunities and a politicized business environment. Cardone plans to focus on other markets like Texas and Florida, expressing concerns about potential impacts on property values, loan defaults, and the overall business climate in New York. Other industry figures, including Kevin O'Leary, have echoed similar sentiments, warning against investing in New York in the aftermath of the trial.