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re: What value did NY courts place on MAL?
Posted on 3/22/24 at 7:58 am to ronricks
Posted on 3/22/24 at 7:58 am to ronricks
quote:
Maybe Trump will put MAL on the market and we actually find out? Until then its a bunch of sycophants whining and crying over something that is impossible to prove until it is sold.
You are an idiot.
Posted on 3/22/24 at 8:07 am to TDTOM
quote:
You are an idiot.
Real Estate is only worth what someone is willing to pay. Doesn't matter who owns it - Trump, Biden, Obama, or Hillary Clinton. To deny that is idiotic. Period. Trump isn't immune to how real estate valuations work.
Posted on 3/22/24 at 8:14 am to TDTOM
In Florida, tax values are based on revenue generated, not value of the property as a residence. Since Mar-a-Lago is zoned as a business and generates revenue, it's assessed value is far less than it would be if it were strictly residential, because the club does not generate enough revenue to justify a price of hundreds of millions of dollars.
For collateral purposes, Mar-a-Lago should be valued at far more than the commercial appraisal values, since it could easily be rezoned as a residential property, or the new owner could just live on the property, just like Trump does (he has an exemption that allows him to live on the property).
For collateral purposes, Mar-a-Lago should be valued at far more than the commercial appraisal values, since it could easily be rezoned as a residential property, or the new owner could just live on the property, just like Trump does (he has an exemption that allows him to live on the property).
This post was edited on 3/22/24 at 8:17 am
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