...and your point is what? That we should shoot Trump and all other real estate developers because they don't create as many jobs as industrial manufacturer's. Well ask all the architects, engineers, electricians, steel workers, plumbers, and other tradesmen who build his buildings about your thinking of their jobs that feed their families.. Ask the thousands of workers who clean apartments and hotels, the concierges and others who support the running of his hotels and apartments, renovate them as tenants move in and out. What about the workers who work in the stores in the commercial portion of their buildings? They also have on-going jobs. Also what about the industrial manufacturers who have gone totally out of business losing all their jobs to China? Meanwhile, real estate developers are still building here in America providing American jobs. The hate of Trump so blinds people to thinking irrationally. Work is work.
As I said in my early post, I am only posting facts and not engaging in any diatribes as I want to keep my temper. I most certainly take umbrage against your statement alluding that I "hate" Trump. I don't think I have ever said that. I was only pointing out "factually" that real estate development is different from manufacturing which constantly has to invent new and better products in order to stay in business. Once a hotel is built, the major sunk costs are over and the debt, if any, needs to be repaid. Ongoing maintenance costs that employ people are not as significant a cost. These are all facts. Contrast the Real Estate business with a company I have an equity position and just announced it's earnings this morning, Whirlpool. this company operates internationally, just as Trump enterprises does. It employs 95,000 people and has revenues of $21B. It is also in a highly competitive industry and if they don't come up with new products that consumers want they will slowly whither. My factual point is that real estate development or the owning of real estate (and I was an owner of an apartment building at one point in time) is far different from manufacturing.
I will make one opinionated statement here that I will not subsequently respond to (breaking my rule of only discussing facts). I believe is is easier to be successful in real estate than in manufacturing.