They call it “real estate” but beyond a certain point there’s nothing real about it. It’s just money in search of a place to land.
My curiosity about Jared Kushner’s finances is casual, fueled in large part by the street address of his company’s most infamous holding, the 666 Fifth Avenue building that was purchased in 2006 for a record-setting $1.8 billion, all but $50 million borrowed.
The building is apparently a white elephant now, worth more as dirt, according to those in the know.
I am not in the know. But I’m reading this article from Bloomberg that came out last summer and thinking, this is what the media and the players in DC refer to when they talk about “the economy.” It’s a parallel universe of whacked-up numbers representing nothing but speculation.
None of it is real.
Until the bill comes due. Which, on 666 Fifth, is in about a year.
Russians. Saudis. A bumped-up military. A dumbed-down populace. A cratering empire. As that famous movie suggested all those years ago, follow the money.