re: Joe Rogan shreds people for saying Donald Trump’s Mar-A-Lago is only worth $18Million

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Right. Then he demands you link it. Not because he’s intellectually curious, but so he can poke holes in the source like a good shill.

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This is a person who doesn’t read, has no understanding of any of the facts, imprinting his standards into others. People who have points clip info and provide links, your just name call from a place of total ignorance.

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VERY basically, he got more favorable loan terms for his businesses by providing personal guaranties based upon a significantly-inflated net worth, in turn based upon significantly-inflated representations of property values.

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So why aren’t the financial institutions suing for being defrauded and giving him those more favorable loans? Where are their appraisals or we to believe they just took his word?

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Quote the fraudulent statement.

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LINK

From the trial:

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A longtime executive of Donald Trump’s real-estate company admitted that he regularly included fake mansions and valued rent-stabilized apartments as market rate when calculating the former president’s net worth, wrapping up the first week of the civil fraud trial in Manhattan.

Jeffrey McConney, who joined the Trump Organization in 1987 and is a defendant with Trump in the case, testified on Friday that he added tens of millions of dollars a year to the former president’s annual financial statements for the value of mansions on his Seven Springs New York estate that did not exist.

The unbuilt mansions, valued at $35 million apiece, resulted in $161 million being added to Trump’s net worth annually for several years.

The rent-stabilized units at Trump Park Avenue and the unbuilt mansions in nearby Westchester County are among several groups of assets that Trump allegedly relied on to inflate his value of his assets by billions of dollars a year from 2011 to 2021. The months long civil trial is the first of six trials that Trump faces as he seeks to return to the White House.

“You were aware that Park Avenue had these rent-stabilized units when you prepared these evaluations, correct?” asked Andrew Amer, a lawyer for New York Attorney General Letitia James.

“Yes,” replied McConney, the first witness in the case who worked at the Trump Organization and the first defendant to testify.

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So all of this was known by the lender, and yet they STILL accepted the determinations.

Sooooo…who was defrauded again?

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Rusty Hardin was scared of the judge too.

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You lie every time you post. Total POS.

I didn't say anything about what the value. Only the restriction.

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The unbuilt mansions, valued at $35 million apiece, resulted in $161 million being added to Trump’s net worth annually for several years.

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so what

I mean this is so stupid

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I didn't say anything about what the value.

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So your post was completely irrelevant. Got it. I guess that’s a step up from your normal posts.

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Vacant lots in the vicinity of MAL go for over $100 million. I'm really surprised, not, that the New York Appellate court allowed this charade to continue.

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You are assuming a vacant lot that can be developed. Would your valuation be the same if the vacant lot was under a perpetual restriction whereby you could not erect any structure on the lot? When you can’t do anything with the property, the value disappears.

Trump put Maralago under a perpetual restriction and neither Trump nor a subsequent purchaser can do anything with the property. He did that so that he could avoid paying millions in property taxes on its market value as an unrestricted property. The judge didn’t value the property at $18 Mil, Florida real estate appraisers did, based upon the restrictions. The taxing authority in Florida also agrees with the valuation. Yet on financial documents, Trump provided a fake valuation based upon the property being unrestricted.

If Maralago is valued at its unrestricted value, as every moron in this thread assumes, Trump owes millions in taxes, which he has avoided for years through the restrictions.

If Maralago is valued at its restricted value, which is the actual value in light of the restrictions on the property, then Trump used a false valuation to gain advantages in other transactions.

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You are assuming a vacant lot that can be developed. Would your valuation be the same if the vacant lot was under a perpetual restriction whereby you could not erect any structure on the lot? When you can’t do anything with the property, the value disappears.

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MAL already has several structures. What Trumps associate said was that he valued the property as you would a single family home. Well MAL is an income producing property that has a quite nice home already on it.

Whether it can be developed or not is irrelevant as the associate testified he valued it like it was a residence. Well. MAL has a residence and a bunch of other stuff. And it produces income.

This whole line of argument is absolutely ridiculous. Just say you support lawfare and stop arguing over how much one of the nicest luxury properties in the country is worth.