- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Jon Stewart overvalued his NYC home by 829%; he said Trump’s civil case as not victimless
Posted on 3/27/24 at 6:11 pm to mmcgrath
Posted on 3/27/24 at 6:11 pm to mmcgrath
quote:
Tell me you don't own a home without telling me you don't own a home.
Ummmm. What an idiotic comment. You don’t think there is a difference between appraised value and assessed value? Or are you confused by MoJ saying “estimated value” as opposed to “appraised value”. Tell me you have never owned a home without telling me you have never owned a home.
Which specific part of my post detailing that there is a difference between appraised value and assessed value confuse you? You dumb idiot.
This post was edited on 3/27/24 at 6:14 pm
1
Posted on 3/27/24 at 6:13 pm to BBONDS25
quote:And when you took out a loan to buy your home, did the bank assess its value or did they just ask you what you think it was worth?
Ummmm. What an idiotic comment. You don’t think there is a difference between appraised value and assessed value? Tell me you have never owned a home without telling me you have never owned a home.
Posted on 3/27/24 at 6:15 pm to mmcgrath
You probably ought to sit this one out scooby.
Posted on 3/27/24 at 6:17 pm to mmcgrath
The bank typically assesses the value after the homeowner submits his own value via asking price.
You want me to really cook your noodle? I've submitted my own valuation for tax assessment in the same quarter I submitted a home value for the purposes of obtaining capital. They were not even close to the same.
The final disposition between the two (as determined by the tax authority and bank, respectively) weren't either.
You want me to really cook your noodle? I've submitted my own valuation for tax assessment in the same quarter I submitted a home value for the purposes of obtaining capital. They were not even close to the same.
The final disposition between the two (as determined by the tax authority and bank, respectively) weren't either.
Posted on 3/27/24 at 6:27 pm to mmcgrath
quote:
And when you took out a loan to buy your home, did the bank assess its value or did they just ask you what you think it was worth?
Ahhhh here is the confusion. And more evidence you have never owned a home. The valuation sent to the bank is called an appraisal. Hence my use of appraised value. The value for tax purposes that the state revenue office applies to the property is called the assessed value. Your ignorance of very simple terms used in the real estate world is what led to your confusion. You thought banks used assessed values. You have a great excuse for your thoughts on this matter. You’re completely ignorant of basic terms.
At least you weren’t being purposefully disingenuous. You were just being arrogant from a place of complete ignorance.
Posted on 3/27/24 at 6:33 pm to mmcgrath
quote:
And when you took out a loan to buy your home, did the bank assess its value or did they just ask you what you think it was worth?
They do both. They ask you what you think the value is and then do their own appraisal.
Have you never gotten a mortgage.
Are you awful and shitty enough to defend this garbage?
quote:
mmcgrath
Oh. Carry on.
Posted on 3/27/24 at 6:34 pm to mmcgrath
quote:
Tell me you don't own a home without telling me you don't own a home.
Dude! Mmcgrath & Co see their home is worth $175K on zillow. They apply for a $150K HELOC. Does the bank give a rat's arse WTF Mmcgrath & Co claim the property is worth? ... EVER??!!!!!!
Posted on 3/27/24 at 6:34 pm to Big Scrub TX
quote:
Whereas Trump literally lied on a form.
Huh?
Posted on 3/27/24 at 6:37 pm to Big Scrub TX
quote:
Trump had an appraisal for the ultra high values he gave the bank?
Have any of you ever applied for a mortgage?
Posted on 3/27/24 at 6:37 pm to GRTiger
quote:Exactly. Bbonds said that homeowners assess the value.
The bank typically assesses the value after the homeowner submits his own value via asking price.
You want me to really cook your noodle? I've submitted my own valuation for tax assessment in the same quarter I submitted a home value for the purposes of obtaining capital. They were not even close to the same.
The final disposition between the two (as determined by the tax authority and bank, respectively) weren't either.
Of course people who actually have owned a home understand that tax assessed values and bank assessed values on residential properties are different things.
Further, some of know that commercial properties have different tax assessed values and bank assessed values which are completely different from residential assessments.
Stewart selling a residential property above its tax assessed value is normal as Stewart has little to no input into either number.
Trump applying for a loan based on inflated property values based on information he falsified then turning around and getting tax assessments on the same properties he falsified in the other direction is fraud.
Posted on 3/27/24 at 6:37 pm to NC_Tigah
Kind of like you selling your home and have a purchase agreement for $400k. However, the appraisal comes in at $350k....does the bank fund the $400k loan?
Posted on 3/27/24 at 6:39 pm to Tmcgin
quote:
Trump told the IRS he had a 10k condo and the IRS a 3200ft condo.....same address
The irs asks about sqf of residences?
Posted on 3/27/24 at 6:40 pm to mmcgrath
quote:
Bbonds said that homeowners assess the value.
So did I.
Please don't misconstrue my words for your own benefit.
Posted on 3/27/24 at 6:40 pm to meansonny
quote:
Hillary committed the same crime with classified documents and malicious intent to hide the crime. The FBI statement concluded that she met all aspects of the crime, but that prosecuting political candidates would not be a good look for our government.
Biden committed the same crime with classified documents with more documents and a much larger time spread of illegality.
Trump was President so no crime was committed, unlike Senator Joe or Killary
Posted on 3/27/24 at 6:49 pm to Turbeauxdog
quote:
The irs asks about sqf of residences?
In any event, there are reasons why a size discrepancy would exist between appraisals and taxes. My home is only 150 sqft according to the IRS for home office purposes. The IRS doesn't care how big my home is for property tax purposes. The state does.
Eta
This thread makes me miss Poodlebrain. He'd be having a ball in this thread. RIP
This post was edited on 3/27/24 at 6:51 pm
Posted on 3/27/24 at 6:54 pm to mmcgrath
quote:
Exactly. Bbonds said that homeowners assess the value.
No I didn’t. I said the homeowners submit an appraisal with their loan application. That appraisal comes from a certified appraiser. If you ever got a real estate loan any property ever, anywhere in the US, you would know that. Your ignorance of the process and simple terms caused you to completely miss the point I was making.
quote:
Of course people who actually have owned a home understand that tax assessed values and bank assessed values on residential properties are different things.
You’re still messing up very simple terms.
quote:
Trump applying for a loan based on inflated property values based on information he falsified then turning around and getting tax assessments on the same properties he falsified in the other direction is fraud.
He submitted appraisals. What specifically did Trump do to “get tax assessments?” Your ignorance of these very normal processes is really amazing. Yet you continue to double and triple down. It is clear you have no idea what you are talking about. You trying to fake it is very cringey.
This post was edited on 3/27/24 at 6:56 pm
Posted on 3/27/24 at 6:58 pm to BBONDS25
I think he believes the bank did not do their due diligence on Trump's valuation and therefore someone was defrauded because the bank agreed to it.
Maybe. Idk. The logic is nearly undecipherable.
Maybe. Idk. The logic is nearly undecipherable.
Posted on 3/27/24 at 7:06 pm to mmcgrath
Sometimes it’s just best to realize and accept that you were wrong.. fold up tent and head home because you’ve been embarrassed in this thread with your basic lack of asset and property value and thusly valuations
Posted on 3/27/24 at 7:07 pm to Mo Jeaux
quote:
It just isn't. I get that you hate what is happening. I get that you hate Stewart. I hate both those things
I sure hope you aren’t a lawyer because these are terrible emotional arguments.
Posted on 3/27/24 at 7:20 pm to GRTiger
quote:NOT actionable. How can you not understand this?
A loan was given based on an inflated (relative to assessed) value. Is that or is it not actionable?
quote:What does Trump's suit actually say? That he asserted ANY value that was over the tax assessment or that it was absurdly higher with no support?
Should the person who bought Stewart's house be sued for applying for and obtaining a loan for more than the home's value?
quote:dumb
Should Stewart be sued for obtaining such an incorrect appraisal during the selling process, assuming he went through the very common process of selling a home?
Page 7 of 10
Popular
Back to top
Follow TigerDroppings for LSU Football News