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Posted on 7/31/18 at 6:34 pm to Tyga Woods
$5 says whatever is built there will burst into flames, slide down the hill in a mudslide, or be vaporized by an earthquake. Write it down.
Posted on 7/31/18 at 7:50 pm to Aubie Spr96
You'd have to fill that place with goats to keep the tax rate low.
Posted on 7/31/18 at 7:53 pm to EA6B
quote:
3.5 billion = 3.5 times the price of the hill.
So, like I said, he doesn't own any property worth 3-4x the listing. The value of his entire real estate portfolio is $3.5B. Just wanted to clear up any confusion.
Posted on 7/31/18 at 7:56 pm to Tyga Woods
Looks like a nice setup for a golf course
Posted on 7/31/18 at 8:57 pm to CapperVin
quote:
Trump couldn’t afford it
Trump bought the Plaza Hotel in 1988 for 400m. Inflation adjusted to 2018 is close to 900m in today's dollars. He could certainly buy it or get it financed.
Posted on 7/31/18 at 9:46 pm to Tyga Woods
Let's start a go fund me to raise the money to buy it. We can build 2 giant statues of Trump and Robert E Lee on it for the entire city to look at every day
Posted on 7/31/18 at 9:50 pm to Tyga Woods
quote:
that looks down at all of Los Angeles,"
Literally and figuratively
Posted on 7/31/18 at 10:06 pm to Tyga Woods
Does Kelly Taylor come with it?
Posted on 7/31/18 at 10:23 pm to NOLALGD
quote:
has no where near enough money to really afford it.
Lol at people that think deals like this are cash deals. A group of investors usually buys properties like this with 20-25% down.
Posted on 7/31/18 at 10:25 pm to Tyga Woods
Well I have been thinking about buying a place to look down upon the peasants.
Posted on 7/31/18 at 11:04 pm to DirtyMikeandtheBoys
quote:
lol he owns numerous properties worth 3-4x what this hill is listed for. You're a moron.
Yeah you might want to research that a bit more. He owns very little properties with his name on it and certainly not 3-4x.
Posted on 8/1/18 at 2:18 am to Martini
quote:
Yeah you might want to research that a bit more. He owns very little properties with his name on it and certainly not 3-4x.
LINK
"In 2015 Forbes estimated that Trump's real estate holdings were worth about US$3.5 billion with a value of commercial properties totaled at US$1.3 billion, his residential properties at US$410 million, and his club facilities at US$866 million, and an additional US$940 million for properties he has less than 100% stake in.["
LINK
"He has said on multiple occasions that his net worth is around $10 billion. But, if you take the average of the three best outside estimates, Donald Trump's net worth is actually $3.5 billion."
Regardless of his net worth, Trump has earned between 150 and 400 million dollars annually since 2005, he could finance the property and easily make the payments.
This post was edited on 8/1/18 at 2:30 am
Posted on 8/1/18 at 2:57 am to EA6B
Trump lied to me about his wealth to get onto the Forbes 400. Here are the tapes.
quote:
But it took decades to unwind the elaborate farce Trump had enacted to project an image as one of the richest people in America. Nearly every assertion supporting that claim was untrue. Trump wasn’t just poorer than he said he was. Over time, I have learned that he should not have been on the first three Forbes 400 lists at all. In our first-ever list, in 1982, we included him at $100 million, but Trump was actually worth roughly $5 million — a paltry sum by the standards of his super-monied peers — as a spate of government reports and books showed only much later.
quote:
When I first contacted him for the inaugural issue, Trump pulled out all the stops to convince me that he was the wealthiest real estate developer in New York. At an afternoon-long meeting in his cavernous Fifth Avenue office, he argued that his family was worth more than $900 million and deserved to be higher on our list than any of the far more accomplished developers (with names like Rose and Rudin) who had spent generations building top-tier housing in the golden borough of Manhattan. His father, Fred Trump, was well known for building nearly all the apartments that the Trump Organization owned before Donald even joined the company, so it amazed me when Donald claimed that he, and not his father, possessed 80 percent of the 23,000 apartments he said they had in Brooklyn, Queens and Staten Island. He added that these were almost debt free and worth $40,000 each.
I questioned his valuation. Trump shrugged and said, “Okay, then $20,000 each.” That would mean his family was worth some $500 million, still atop our list for New York real estate tycoons.
But that figure seemed high. I estimated the apartments to be worth about $9,000 each: They could not easily be converted to lucrative co-ops, and Trump had falsely described the location of the Queens buildings. He’d claimed they were in Forest Hills when, in fact, they were in the far less valuable Jamaica Estates neighborhood a few miles away. Since Donald’s new projects were still in development or unproven, the outer-borough apartments formed the basis of a Trump family net worth estimate of $200 million.
quote:
It would be decades before I learned that Forbes had been conned: In the early 1980s, Trump had zero equity in his father’s company. According to Fred’s will (portions of which appeared in a lawsuit), the father retained legal ownership of his residential empire until his death in 1999, at which point he left it to be divided between his four surviving children and some of his grandchildren. That explains why, after Trump’s companies went bankrupt in the early 1990s, he borrowed $30 million from his siblings, secured by an estimated $35 million share of his future inheritance, according to three sources in Tim O’Brien’s 2005 biography, “TrumpNation.” He could have used his own assets as collateral if he’d had any worth that amount, but he didn’t.
The most revelatory document describing Trump’s true net worth in the early ’80s was a 1981 report from the New Jersey Casino Control Commission. O’Brien obtained a copy for his book. Trump had applied for an Atlantic City casino license, and regulators were able to review his tax returns and personal and corporate debt, giving them the most accurate picture of his finances. They found that he had an income of about $100,000 a year, while his 1979 tax returns showed a $3.4 million taxable loss. Trump’s personal assets consisted of a $1 million trust fund that Fred Trump provided to each of his children and grandchildren, a few checking accounts with about $400,000 in them and a 1977 Mercedes 450SL. Nowhere did the report list an ownership stake in the Trump Organization’s residential apartments. Trump also possessed a few parcels of valuable but highly leveraged real estate, financed with $22.5 million in debt, all of it secured by his father’s assets. He did not own a safe deposit box or stocks in publicly traded companies. In sum, Trump was worth less than $5 million, not the $100 million that I reported in the first Forbes 400.
Dude's been lying about his net worth his entire adult life.
Posted on 8/1/18 at 5:01 am to EA6B
quote:
he could finance the property and easily make the payments
Lol. Ain’t nobody gonna give his dumb arse a loan for a billion dollars!
Posted on 8/1/18 at 5:15 am to Ace Midnight
quote:
No shite - instead of spending $1 billion on a hill, one could purchase a TEN MILLION DOLLAR house in every single state of the nation and still have $500 million to generate money to pay the expenses on those 50 houses.
Hiw bad arse would it be to have a house in all 50 states? Even Mississippi. I don't care if they're 30 ft single wife trailers.
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