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re: So to all the posters who were on the "Trump committed fraud to get his loans" crowd

Posted on 12/1/23 at 2:24 pm to
Posted by TigerIn2023
Member since Apr 2023
308 posts
Posted on 12/1/23 at 2:24 pm to
quote:

Can you produce the valuation that proves the values supplied by trump were fraudulent?
Mar-a-Lago, the Trump Organization's private club in Florida, was valued at over $600 million, despite being assessed by the Palm Beach County tax assessor at only $27.6 million. Trump Tower's triplex apartment, where Donald Trump lived, was claimed to be over 32,000 square feet, when in reality it was only 11,000 square feet.

This post was edited on 12/1/23 at 2:25 pm
Posted by davyjones
NELA
Member since Feb 2019
30302 posts
Posted on 12/1/23 at 2:38 pm to
Wrong. Trump’s financials gave a valuation range between $425 and $600 million for MAL specifically, so the exaggeration you employ here doesn’t work out. Additionally, Forbes estimated the value in the neighborhood of $325 million “after reviewing its financial history and consulting eight real estate experts.”

So you will note that there is a great deal of legitimate debate to be had on the subject. But without a doubt, the “$22 million” claim is by far the furthest from rational estimates.
This post was edited on 12/1/23 at 2:39 pm
Posted by 20 ton
BR
Member since Aug 2013
802 posts
Posted on 12/1/23 at 2:38 pm to
quote:

Was only 11000


And the bank knew that when they did their valuations. They didn’t need you or Tishy to protect them.
Posted by BBONDS25
Member since Mar 2008
48757 posts
Posted on 12/1/23 at 2:39 pm to
quote:

Mar-a-Lago, the Trump Organization's private club in Florida, was valued at over $600 million, despite being assessed by the Palm Beach County tax assessor at only $27.6 million.


That’s what I was hoping you were going to say. You are a complete moron that doesn’t understand assessed values for property taxes and fair market values.

quote:

Trump Tower's triplex apartment, where Donald Trump lived, was claimed to be over 32,000 square feet, when in reality it was only 11,000 square feet.


Which trump tower? There are towers in many of americas large cities. Are you talking about the square footage he owned for his personal residence or the square footage he owned that was unleased? Or some other measure. Or are you just regurgitating what CNN told you.


Your citing if a tax assessment tells me all I need to know. You’re a real estate and financial moron.
This post was edited on 12/1/23 at 2:41 pm
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