got to get back to Donald Trump’s guilty verdict in the New York criminal trial investor Grant Cardone joins me Grant you will no longer be doing business in New York City because of Trump’s guilty verdict tell me more please absolutely not Stuart I mean I said this when the um ruling came out for the 355 uh $355 million that I couldn’t we we had $500 million to invest in New York City this year we have since reallocated that money to Florida real estate uh New York City is you you don’t trust the legal system in New York you don’t trust the politics here is that it well you already as many great things that are going on in New York City you just have too many other risks that that as a fiduciary of other people’s money I can’t raise the rents I can’t evict I cannot predict the taxes uh we’re going to reward people I I literally might be required to provide housing to Illegal people I can’t collect the rents and I can’t get them out of the property I can’t call the police to actually do anything when there’s a crime on the property if I can’t collect my rents I don’t know what my expenses are going to be why would I do business there and after yesterday’s ruling I don’t want to go to jail I don’t want 38 convictions or 34 convictions I don’t I don’t want seven years something I did seven years ago to be a problem today do you know of any other investors real estate or otherwise who are pulling out of New York and New York State I have 15,000 investors with me at Cardone Capital we’ve raised $1.3 billion if I went to them today and said I want to invest in New York City they would not give me money to do that uh let’s suppose one of the greatest cities on planet Earth Yep agree and nobody wants to go there and do business who do you blame for all of this well I I blame the legal system you know this is clearly uh the political system’s been weaponized the legal systems been weaponized if they can do this to Donald Trump a former president regardless of how you feel about the politics if they can do this to a fmer president what can they do to Grant card own what can they do to any other businessman and that is why so many business people hedge fund operators and investors are leaving blue States I left uh California 13 years ago because I saw this coming quick question I if the almost certainly going to be an appeal to these guilty verdicts if the guilty verdicts are reversed will you come back to New York well you know once things settle down and there’s some predictability look as an investor I need to be able to predict the future as much as possible I’m not Nostradamus but I need things on my side as great a city as New York City is I need stability in the marketplace and right now uh you have problems picking up the trash you can’t get rid of the illegals like you guys got so many problems going I don’t know why anybody stays there right now why would I invest there when I can come to Miami or Fort Lauderdale or anywhere in Florida a good question and I understand where you’re coming from entirely because I do have to live here Grant Cardone thanks very much for joining us I hope to see you again soon thanks sir thank you Stuart
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