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Started By
Message
2
Posted on 10/5/23 at 5:25 pm to angusjung
You dip shite. You clearly don’t know anything about beach front property in WPB.
Idiot.
Idiot.
Posted on 10/5/23 at 5:27 pm to roadGator
quote:
You dip shite. You clearly don’t know anything about beach front property in WPB.
Idiot.
Neither does the judge. Why the frick would someone who has probably never stepped foot in FL be able to appraise property there?
Posted on 10/5/23 at 5:27 pm to Bourre
Ignore Cwill. Even she knows it’s worth way more than $18M. She’s just doing the contrarian bitch routine.
Posted on 10/5/23 at 5:27 pm to cwill
Who was defrauded ?
Who is the victim ?
The bank who loaned money to Trump did its own appraisal and made $100mln in interest on the loan and will testify as such
Who is the victim that gets the $200mlnand why ?
Posted on 10/5/23 at 5:28 pm to TDTOM
$18M is so laughable I can’t believe the judge went there.
Posted on 10/5/23 at 5:30 pm to riverdiver
quote:
Look on Zillow. Two beachfront lots for sale in Palm Beach, each one about 2.25 acres each.
The worst looking one is listed for $150 million. The better, more open lot is listed for $200 million.
Just for a vacant, 2 acre lot.
The judge is an idiot.
Came here to post exactly this. If they're the properties I looked at, they're even on the same street as Maralago.
Empty 1.33 acre resedential lots 10-15 minutes from the beach in Palm Beach County are selling for $250k.
Trump paid $10m for it in 1985, so if it's only worth $18m, that would mean the renovations, the revenue Maralago makes (over $20m in 2019), only increased the value of the property $8m in almost 40 years.
Hilarious.
This post was edited on 10/5/23 at 5:39 pm
Posted on 10/5/23 at 5:30 pm to roadGator
That cvnt is a female? That explains the bitchiness and stupidity.
Posted on 10/5/23 at 5:34 pm to roadGator
quote:
Ignore Cwill. Even she knows it’s worth way more than $18M. She’s just doing the contrarian bitch routine.
I know. I just wanted to put that stupid bitch on record
Posted on 10/5/23 at 5:38 pm to robinette
quote:Do some comps. $150-300M
Joe Rogan said that!? Why hasn't the case been immediately dismissed!?
Oh wait, b/c he's a roided-out idiot with shite for brains. Carry on!
Posted on 10/5/23 at 5:39 pm to robinette
Found the 5 foot fatass everybody.
Posted on 10/5/23 at 5:50 pm to Rip Torner
That brokedick cwill couldn’t buy it for 25 dollars unless he could use his food stamps. But nonetheless he is an idiot.
This post was edited on 10/5/23 at 5:53 pm
Posted on 10/5/23 at 6:17 pm to Diamondawg
Many years ago I was an assessor in a county with a lot of high value properties. I also held a residential appraisal license for a while and worked for banks.
First off, I believe the county Mar A Lago is in has a maximum increase of 3% per year. This is so in markets that are accelerating at a fast rate can't drop major tax increases on an individual in a single swoop.
Also, assessors use mass appraisal based on sales of like properties and plug those sales into an algorithm that is dispersed through thousands and thousands of lines of excel spreadsheets. MAL, is not a like property and would be treated the same as the like properties for reasons of uniformity and also not to increase lesser properties in the same neighborhood because of MAL alone.
As far as valuation, a property like that has no comparables. We can only see that lesser properties are selling for well over 100 million, in an expanded geographic region.
That property would not be handled by a residential appraiser. It would likely fall to an extremely experienced commercial appraiser who has done multiple luxury properties. Those appraisers are rare because of the niche.
So, what is MAL worth? It's a range of reasonable value. Probably we'll north of 500B and that would be my conservative estimate.
The real tell here is if you went to every single bank in the country and said, would you lend 100M on MAL? Every single bank, every one of them would take it in seconds. Why is that? Because of MAL is ever foreclosed on, those banks know that place is selling right away for over 500 million. No questions asked.
This valuation of 18-25 million by the AG in New York is probably the biggest joke I've ever seen in real estate valuation over my career. Ever. It's that bad.
First off, I believe the county Mar A Lago is in has a maximum increase of 3% per year. This is so in markets that are accelerating at a fast rate can't drop major tax increases on an individual in a single swoop.
Also, assessors use mass appraisal based on sales of like properties and plug those sales into an algorithm that is dispersed through thousands and thousands of lines of excel spreadsheets. MAL, is not a like property and would be treated the same as the like properties for reasons of uniformity and also not to increase lesser properties in the same neighborhood because of MAL alone.
As far as valuation, a property like that has no comparables. We can only see that lesser properties are selling for well over 100 million, in an expanded geographic region.
That property would not be handled by a residential appraiser. It would likely fall to an extremely experienced commercial appraiser who has done multiple luxury properties. Those appraisers are rare because of the niche.
So, what is MAL worth? It's a range of reasonable value. Probably we'll north of 500B and that would be my conservative estimate.
The real tell here is if you went to every single bank in the country and said, would you lend 100M on MAL? Every single bank, every one of them would take it in seconds. Why is that? Because of MAL is ever foreclosed on, those banks know that place is selling right away for over 500 million. No questions asked.
This valuation of 18-25 million by the AG in New York is probably the biggest joke I've ever seen in real estate valuation over my career. Ever. It's that bad.
Posted on 10/5/23 at 6:22 pm to cwill
quote:
The $18-27MM valuation comes from the Palm Beach Assessor's office.
shite, we got another piece of shite that got a worthless degree on something like Female Studies. I can’t believe you dumbfrick liberals don’t know the difference between a tax assessment and FMV!
Posted on 10/5/23 at 6:34 pm to Bronco11
quote:
Many years ago I was an assessor in a county with a lot of high value properties. I also held a residential appraisal license for a while and worked for banks.
First off, I believe the county Mar A Lago is in has a maximum increase of 3% per year. This is so in markets that are accelerating at a fast rate can't drop major tax increases on an individual in a single swoop.
Also, assessors use mass appraisal based on sales of like properties and plug those sales into an algorithm that is dispersed through thousands and thousands of lines of excel spreadsheets. MAL, is not a like property and would be treated the same as the like properties for reasons of uniformity and also not to increase lesser properties in the same neighborhood because of MAL alone.
As far as valuation, a property like that has no comparables. We can only see that lesser properties are selling for well over 100 million, in an expanded geographic region.
That property would not be handled by a residential appraiser. It would likely fall to an extremely experienced commercial appraiser who has done multiple luxury properties. Those appraisers are rare because of the niche.
So, what is MAL worth? It's a range of reasonable value. Probably we'll north of 500B and that would be my conservative estimate.
The real tell here is if you went to every single bank in the country and said, would you lend 100M on MAL? Every single bank, every one of them would take it in seconds. Why is that? Because of MAL is ever foreclosed on, those banks know that place is selling right away for over 500 million. No questions asked.
This valuation of 18-25 million by the AG in New York is probably the biggest joke I've ever seen in real estate valuation over my career. Ever. It's that bad
Ladies and gentleman, the AG of New York with the biggest self own in Twitter history.
Absolute idiot AG
Posted on 10/5/23 at 6:37 pm to SlowFlowPro
quote:
quote: Oh wait, b/c he's a roided-out idiot with shite for brains. Carry on! Somebody is jelly
Not to mention Rogan would whip his fat arse.
Posted on 10/5/23 at 6:43 pm to cwill
quote:
Do you think Mar-a-lago is worth $1.5B?
What do you think is closer to the FMV. 18MM or 1.5BB?
Posted on 10/5/23 at 6:50 pm to Bronco11
quote:
So, what is MAL worth? It's a range of reasonable value. Probably we'll north of 500B and that would be my conservative estimate.
Surely you mean $500M, right?
Posted on 10/5/23 at 6:57 pm to Wildcat1996
Correct me if I’m wrong, but I did t tbink Mar-A-Lago is a simple Piece of real Estate. I would think it has “business and a resort type of value” being a potential revenue and income producer.
I’m not 100% clear on what Trump does with it, but wasn’t it a destination or resort of some sorts?
I doubt it is for any general public these days since he became president, but when selling something like that, you all going well to figure in the revenues and try to establish EBITDA on top Of the real
Estate piece, it’s not just a simple real
Estate appraisal.
The place is huge and the revenues it could bring in are likely very good returns if ran as a business/resort type Of deal.
Not sure about the zoning neither, but I’m
Sure it can be used as a business(es) of some
Sorts.
I’m not 100% clear on what Trump does with it, but wasn’t it a destination or resort of some sorts?
I doubt it is for any general public these days since he became president, but when selling something like that, you all going well to figure in the revenues and try to establish EBITDA on top Of the real
Estate piece, it’s not just a simple real
Estate appraisal.
The place is huge and the revenues it could bring in are likely very good returns if ran as a business/resort type Of deal.
Not sure about the zoning neither, but I’m
Sure it can be used as a business(es) of some
Sorts.
Posted on 10/5/23 at 7:09 pm to TDTOM
Yes. Conservative estimate 500M
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