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re: Joe Rogan shreds people for saying Donald Trump’s Mar-A-Lago is only worth $18Million
Posted on 10/6/23 at 12:58 pm to cajunangelle
Posted on 10/6/23 at 12:58 pm to cajunangelle
Right. The real estate experts that agree with his biases are to be trusted, but others, along with actual market values in WPB, are to be ignored.
Different people have different ideas around subjective real estate appraisals, and there are no victims in this case, yet he wants to send a president to prison for that.
Different people have different ideas around subjective real estate appraisals, and there are no victims in this case, yet he wants to send a president to prison for that.
1
Posted on 10/6/23 at 1:24 pm to cwill
quote:
That being said Trumpco came up with a value that was basically 2X of other cited sources.
And the lenders accepted that valuation, even though Trump stated that they may not be 100% accurate, as they were estimations.
It is also noteworthy that the “would be victims” in this scenario (the lenders) were paid in full (and on time) and have no issue with Trump.
This is a political persecution where the judiciary is being weaponized against DJT.
There is no other way to spin this.
Posted on 10/6/23 at 2:06 pm to robinette
quote:
It's a mcmansion on a golf course in florida. trump estimated it between $427 million and $612 million. And the judge didn't just make up a mysterious figure - the city of palm beach's appraisers put it at $18 million and $27.6 million. Even gold toilets are not raising you up $500 million
Posted on 10/6/23 at 2:11 pm to Vacherie Saint
quote:
Cool, so if your tax assessed value doesn’t match your market value, we can jail you for tax evasion?
That is not the case in each of the above instances I clipped from the opinion. It's clear you did not read what I posted. He claimed 30,000 sq/feet where there was 10,000. They inflated professionally appraised values on Seven Springs 4-10X. See the others for similar as well as lying about development.
From the trial:
quote:
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.
LINK
This case is not assessed value v. FMV. It's dishonest or ignorant to make that claim. Your choice.
Posted on 10/6/23 at 2:16 pm to Vacherie Saint
quote:which demonstrated who are the real criminals
Right. The real estate experts that agree with his biases are to be trusted, but others, along with actual market values in WPB, are to be ignored.
Different people have different ideas around subjective real estate appraisals, and there are no victims in this case, yet he wants to send a president to prison for that.
Has no one noted that tax assessment appraisal is not a real appraisal but a token of just a fraction of a properties value?
Like I said, it is so easy to see who are the criminals
Latitia James
Hobo the judge
The DNC
The US Department of Justice
The State of New York
Governor Hochul of New York
Malicious prosecution proceedings should proceed immediately against those real criminals
AND THE ELECTION INTERFERENCE THEY PERPETRATE
then head to FCKG GEORGIA -same GD mess of election interference by third world tactics and malicious prosecution
Posted on 10/6/23 at 2:39 pm to SloaneRanger
quote:
He ain’t lying.
How do you know? Maybe they owe as much as the property is worth. And if it carries a lot of floating interest debt, then it’s probably gone way down in value with the ramp up in interest rates.
This post was edited on 10/6/23 at 2:39 pm
Posted on 10/6/23 at 2:58 pm to cwill
quote:
That is not the case in each of the above instances I clipped from the opinion. It's clear you did not read what I posted. He claimed 30,000 sq/feet where there was 10,000. They inflated professionally appraised values on Seven Springs 4-10X. See the others for similar as well as lying about development.
quote:
This case is not assessed value v. FMV. It's dishonest or ignorant to make that claim. Your choice.
From the trial, “he inflated his net worth”. I haven’t paid attention to this, but I see “fraud”. Who did he defraud?
Tax assessed value is not used in determining Net worth.
These valuations were his estimations on financial statements (400mm-600mm)that are reviewed by institutions that do their own assessments of value. What was their assessment? I ask bc many real Estate experts state mar a lago north of 1b. I’ve completed financial statements and given property valuations for loans and they always reviewed my info, did own appraisal and calculated their own value.
Also, they are using a law that requires the following:
No victim
No jury
No INTENT to defraud
No material or knowledge of wrongdoing
I don’t care who you vote for or support, but if this doesn’t throw up a Red Flag for you…that’s on you.
This post was edited on 10/6/23 at 3:19 pm
Posted on 10/6/23 at 2:58 pm to cwill
I don’t have to read shite. Many experts have weighed in with values north of a billion in some cases. FMV is subjective. Using tax assessed values to make a case like this shows either a shocking lack of knowledge or as Rogan pointed out, a naked and shameless attempt at lawfare. The fact that different experts are deriving different values alone destroys this case. That’s why banks hire their own appraisers.
Why can’t you be honest for one goddamned moment in your hack life and admit this is a frivolous lawfare suit designed to influence the election?
Why can’t you be honest for one goddamned moment in your hack life and admit this is a frivolous lawfare suit designed to influence the election?
Posted on 10/6/23 at 3:25 pm to jp4lsu
We were in Palm Beach and there was an open house... looked pretty modest. Wonderful landscape house was prob 4,000 sq ft close to ocean or on ocean dr. $17milly. I think 1 of the Williams sisters lived down the street. Mar-A-Lago is 10x bigger w better location
Posted on 10/6/23 at 3:30 pm to 3D
According to cwill, as long as you can get someone to say it’s worth something other than your estimated FMV, you’ve committed fraud and you die in prison.
But none of the shite the Biden’s are doing is illegal because they are just selling the “illusion” on influence.
But none of the shite the Biden’s are doing is illegal because they are just selling the “illusion” on influence.
Posted on 10/6/23 at 3:31 pm to Vacherie Saint
quote:
According to cwill
I don't understand why y'all keep giving the idiot any consideration.
Posted on 10/6/23 at 3:31 pm to Vacherie Saint
quote:
I don’t have to read shite. Many experts have weighed in with values north of a billion in some cases. FMV is subjective. Using tax assessed values to make a case like this shows either a shocking lack of knowledge or as Rogan pointed out, a naked and shameless attempt at lawfare. The fact that different experts are deriving different values alone destroys this case. That’s why banks hire their own appraisers.
You should read the opinion and get the actual facts, and read the testimony I linked, otherwise, this is a conversation you are too ignorant to have.
Posted on 10/6/23 at 3:33 pm to Vacherie Saint
quote:
According to cwill, as long as you can get someone to say it’s worth something other than your estimated FMV, you’ve committed fraud and you die in prison.
Link?
Again, you should read the case it's not just competing appraisals where there is some variance (10-20%), it's intentionally false facts and estimates that differ from professional appraisals (not assessment value) by 2-10X.
This post was edited on 10/6/23 at 3:35 pm
Posted on 10/6/23 at 3:33 pm to 3D
There was a real-estate guy on TV who put a value of $200 million on the land that Mar-A-Lago sits on.
Posted on 10/6/23 at 3:36 pm to doublecutter
quote:
There was a real-estate guy on TV who put a value of $200 million on the land that Mar-A-Lago sits on.
Still 1/3 of the Trumpco value.
Posted on 10/6/23 at 3:42 pm to cwill
That's just the land that the main house sits on, not the complete property. If IRC he said it was two acres, not the entire 20 actes.
Posted on 10/6/23 at 3:56 pm to robinette
quote:
Why hasn't the case been immediately dismissed!?
Because democrats are trash
Posted on 10/6/23 at 4:04 pm to cwill
quote:
Still 1/3 of the Trumpco value.
2.25 acres of vacant land with beachfront down the street from MAL is currently listed for $200 million.
MAL has beachfront on one side, the ICW on the other, making it unique.
Then add in the nationally historic mansion which grosses over $20 million yearly.
It’s a very unique property, which can’t just be valued by a random real estate agent who brokers $400,000 tract homes.
Trump is entirely correct in stating that the value is much higher. I believe he stated the value could be well over $1 billion, and he could very well be correct.
Posted on 10/6/23 at 4:05 pm to cwill
That’s just the raw land you buffoon
Posted on 10/6/23 at 4:10 pm to cwill
You demand I only consider subjective real estate evaluations included in this witch hunt opinion, and ignore many experts coming forward to support the Trump evaluation, and IM the ignorant one here?
Just admit you want the guy locked up and save us this fruitless faux debate.
Just admit you want the guy locked up and save us this fruitless faux debate.
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