After an unsuccessful attempt to sell at $2.9 million and time on Airbnb, the Tudor-style home in Queens seeks a highest bidder.
Alan Rappeport"It last sold for $2.14 million in 2017 to a limited-liability company represented by a law firm that specializes in Chinese foreign investment"... Trump’s Childhood Home Goes Back on the Auction Block
Tougher regulations and uncertainty about tariffs have made America less friendly for foreign investment.
Alan RappeportChinese cash was pouring into the U.S. but has dried up under Trump, falling 90% since he took office.
The reasons: Trade tensions, more US scrutiny of deals, tighter Chinese capital controls.
Rural economies reliant on Chinese investment could suffer.