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re: Letitia James Faces Growing Pressure to Prosecute Jon Stewart over Property Overvaluation
Posted on 3/30/24 at 10:27 am to WPBTiger
Posted on 3/30/24 at 10:27 am to WPBTiger
Trump got railroaded, and we all better pray the judgement is thrown out, but this comparison to Stewart is stupid. Stewart, or any citizen, can put his house on the market for any damned price he wishes.
2
Posted on 3/30/24 at 10:27 am to WPBTiger
Jon Stewart has been on fire since his return. I like that he’s upset both liberals and conservatives because he points out how both candidates suck. It’s the truth a lot of people just ignore so their party can win.
Posted on 3/30/24 at 10:29 am to Crimson Wraith
It is (D)ifferent. Trump did NOT overvalue his property as was made clear in testimony by every bank he dealt with. James fabricated the offense. Stewart seems to have actually committed the offense. Different.
Posted on 3/30/24 at 10:29 am to Froman
quote:
Jon Stewart has been on fire since his return. I like that he’s upset both liberals and conservatives because he points out how both candidates suck. It’s the truth a lot of people just ignore so their party can win.
He may be doing great, but his take on assessed value being the true value is absolutely insane. And he knows it.
Posted on 3/30/24 at 10:31 am to SlowFlowPro
quote:
don't know much about it. First question is if he over-valued it as part of a business transaction, triggering that law.
Is it your narcissistic personality disorder that causes you to respond to people that aren’t addressing you?
Posted on 3/30/24 at 10:36 am to EZE Tiger Fan
quote:
Every Democrat voter wants different laws for themselves, and they are getting it in various forms daily.
They have short term brains. They can't comprehend this ever coming back to bite them.
Posted on 3/30/24 at 10:38 am to BBONDS25
quote:
The point is that anyone using the assessed value as the reasoning the persecution of Trump was justified is either intentionally dishonest or incredibly ignorant.
I do not agree with the way the NY law is being used against Trump. In fact, I'm surprised the law is still on the books given its vagueness.
I also don't know anything about New York property taxes.
But the allegation is Trump provided false information to tax officials in order to obtain lower assessments on commercial real estate. This isn't the same as a homeowner just allowing a low assessment value to exist.
One allegation from the suit is he told lenders and insurers that an apartment building was at 95% capacity and told tax assessors it was below 80%. That is clearly fraudulent in some form.
Is that a common real estate practice in New York? Are the insurers and tax assessors supposed to disregard these statements and do their own due diligence?
I don't know.
But none of this relates to anything Stewart did, unless New York also requests information from home owners in assessing residential property values.
Stewart probably knows the law suit is unwarranted, and the damage award is absurd. But Stewart is in the entertainment business. It's his job to make fun of things.
Posted on 3/30/24 at 10:53 am to Dday63
quote:
But the allegation is Trump provided false information to tax officials in order to obtain lower assessments on commercial real estate. This isn't the same as a homeowner just allowing a low assessment value to exist.
Who made this allegation? Simply objecting to the increased assessment is an entire industry in Florida. Especially since Florida has statutory limits on how much property taxes can increase annually. The “fraudulent” valuation Stewart was referring to was the one provided to the lender and used the assessed value as the reason the value presented to the lender was fraudulent. Who alleged fraud to the department of revenue? Was that part of the damages assessed by the judge?
quote:
One allegation from the suit is he told lenders and insurers that an apartment building was at 95% capacity and told tax assessors it was below 80%. That is clearly fraudulent in some form.
Not necessarily. You’re smart enough to know that occupancy of apartment buildings fluctuate daily. Were these claims made the same day, month, year?
Additionally, do occupancy rates change assessed value of property? I don’t know the answer to this, but it seems odd to me. I can see why it matters to a lender, but why would the assessor care?
quote:
But none of this relates to anything Stewart did, unless New York also requests information from home owners in assessing residential property values.
The entire basis Stewart used for saying Trump deserves this judgment was the representation to the lenders. The reason he claimed those representations to the lenders were fraudulent was because the assessed value is so much less. Stewart, and you, know that is completely bullshite.
You can parse other parts of the suit if you want. I’m game. The point remains, those are irrelevant to Stewart’s point. His point rested solely on appraised value vs assessed value. He knows better.
This post was edited on 3/30/24 at 10:58 am
Posted on 3/30/24 at 10:54 am to Longdriver98
quote:
She won't touch him because the Mob doesn't convict itself.
That will be the perfect move for Trumps appeal
Posted on 3/30/24 at 11:00 am to crewdepoo
quote:
Fake news. Actually read it and you'll understand
Nice explanation f*g
Posted on 3/30/24 at 11:07 am to FlySaint
quote:
Stewart seems to have actually committed the offense. Different.
Again, how? Trump got railroaded, but as I understand it these are two completely different things.
Trump - inflated values in purpose of obtaining loans
Stewart - Sole home hundred times more than what the assessor valued.
Again, Trump is innocent as all the lenders testified to, but its apples and oranges unless I"m completely missing what Stewart did
Posted on 3/30/24 at 11:11 am to Lsut81
quote:
but its apples and oranges unless I"m completely missing what Stewart did
It is apples and oranges. There is no case against Stewart. The hypocrisy of Stewart is what I think needs to be pointed out. The sole argument he made justifying the judgment against trump was that his appraised value of MAL was so much larger than the assessed value. He is an absolute hypocrite who knows that is meaningless. Evidenced by the fact he listed a property at 800 plus percent over the assessed value.
Now, if it comes out Stewart didn’t pay cash, but took a loan to buy the property originally, and provided an appraisal well above the assessed value….then that would be something.
This post was edited on 3/30/24 at 11:12 am
Posted on 3/30/24 at 11:14 am to Dday63
quote:
Stewart probably knows the law suit is unwarranted, and the damage award is absurd. But Stewart is in the entertainment business. It's his job to make fun of things.
Clown nose on, clown nose off.
Posted on 3/30/24 at 11:41 am to WPBTiger
There would be at least some divine justice if the reason Trump legally gets off this is because of Jon Stewart.
Posted on 3/30/24 at 11:53 am to WPBTiger
Really hate how the establishment picks and chooses who to enforce the law against. Should be everyone who breaks the law is targeted by the justice system. Not just people certain the AGs dislike.
Posted on 3/30/24 at 1:09 pm to Plx1776
all a script peep,James is in gitmo
Posted on 3/30/24 at 1:17 pm to Bayoutigre
It may have been Tim Pool that said that Stewart sold it high but when it was time to pay some sort of tax on it, he used a lower price.
Posted on 3/30/24 at 1:24 pm to HonoraryCoonass
quote:
but this comparison to Stewart is stupid. Stewart, or any citizen, can put his house on the market for any damned price he wishes.
This misleading accusation is taking advantage of people’s ignorance on the subject. It’s a false equivalency but for the financially illiterate it’s confusing. For all the houses I own the tax assessed value, the most recent appraised value, and the true market value are three numbers that aren’t remotely similar.
A homes value is really determined by the seller and the buyer, unless the buyer wants a bank loan because then the bank determines what the buyer can pay. I’ve been in the situation multiple times where the buyer and the seller have come to an agreed upon price but the mortgage company would not agree to that number.
Posted on 3/30/24 at 1:29 pm to Dday63
quote:
But the allegation is Trump provided false information to tax officials in order to obtain lower assessments on commercial real estate
No. That isn't what James' litigated. At all.
Posted on 3/30/24 at 1:31 pm to Motownsix
quote:
This misleading accusation is taking advantage of people’s ignorance on the subject
Oh my. The ignorance you show on this board daily absolutely trumps any ignorance you think exists in this thread.
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