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re: NY AG says Mar-a-Lago was valued as high as $739M when it should've been at $75M
Posted on 9/21/22 at 1:00 pm to stout
Posted on 9/21/22 at 1:00 pm to stout
I'm gonna put this in perspective. We have friends that live on Davis Island in Tampa. According to zillow their home is valued around $12 million. This is not MAL by any means. 
I'm gonna go with the Trump valuation.
I'm gonna go with the Trump valuation.
2
Posted on 9/21/22 at 1:02 pm to Figgy
Letitia campaigned on getting Trump. Go on offense and sue her for prosecutorial misconduct.
Use her own campaign commercials and appearances and OWN that skank.
Use her own campaign commercials and appearances and OWN that skank.
This post was edited on 9/21/22 at 1:03 pm
Posted on 9/21/22 at 1:02 pm to stout
quote:
Lots in that part of FL sell for $100 million
Exactly. The other part I don't understand is how inflating the value of something generates revenue as the AG stated. A loan is on the balance sheet as debt.
Posted on 9/21/22 at 1:03 pm to stout
maralago is a functioning business. You can't buy any business for $75M with that much property/assets. This is just dumb.
Posted on 9/21/22 at 1:05 pm to the808bass
quote:LOL! You couldn't buy the land it sits on for that!
You couldn’t build Mar-a-Lago for $75M today.
Posted on 9/21/22 at 1:05 pm to stout
She can wish in one hand and schite in the other.
Posted on 9/21/22 at 1:07 pm to Figgy
Will he be getting a property tax refund?
Posted on 9/21/22 at 1:07 pm to stout
quote:
NY AG says Mar-a-Lago was valued as high as $739M when it should've been at $75M
I've never heard of a... err... taxing authority that just lets you pick a value for your property. 
Posted on 9/21/22 at 1:08 pm to notsince98
Mar-a-Lago is a property and a business.
So, we have the value of the property plus the value of the business.
The value of a business is usually 6 to 10 times yearly EBITDA (Profit).
So, we have the value of the property plus the value of the business.
The value of a business is usually 6 to 10 times yearly EBITDA (Profit).
Posted on 9/21/22 at 1:08 pm to Taxing Authority
I have to think that thinking leftists are going to be a bit embarrassed by this kerfuffle.
Posted on 9/21/22 at 1:11 pm to stout
I thought she announced a civil suit. What she describes is criminal. Is she going for preponderance of evidence rather than beyond a reasonable doubt? Is she just going for face time? When someone is establishing a line of credit or is seeking an actual loan, if they include an asset as some form of collateral, does the lender take their word for it or gets an appraisal? I don't deal in the number of zeros we are talking about here so not sure about sums of money this large so I am asking as much as commenting.
Posted on 9/21/22 at 1:12 pm to the808bass
quote:
thinking leftists
Posted on 9/21/22 at 1:14 pm to stout
No one in their office is probably an accountant.
The same property could have several different values depending on how you look at it and none of them necessarily reflect what a bank would valuate it at for collateral purposes.
The same property could have several different values depending on how you look at it and none of them necessarily reflect what a bank would valuate it at for collateral purposes.
Posted on 9/21/22 at 1:15 pm to stout
quote:
New York Attorney General
quote:
She gives the example that Mar-a-Lago
Why is the AG of New York concerned with what goes on in Florida?
Posted on 9/21/22 at 1:15 pm to stout
There are $20 million houses for sale in Houston and Atlanta. I seriously doubt Mar-a-Lago is only worth $75 million.
Posted on 9/21/22 at 1:15 pm to stout
How does the value of a property in Florida have anything to do with the New York AG?
These people are insane.
These people are insane.
Posted on 9/21/22 at 1:16 pm to TurkeyBaconLeg
quote:
Mar-a-Lago is a property and a business. So, we have the value of the property plus the value of the business. The value of a business is usually 6 to 10 times yearly EBITDA (Profit).
This above. She just pulled enough information to catch the headlines.
Democrats...
To you all that vote democrat, keep it up. The schite is going to catch up with you also.
Posted on 9/21/22 at 1:16 pm to the808bass
quote:
thinking leftists
Posted on 9/21/22 at 1:19 pm to GumboPot
quote:
And were are the banks in all this? They are the harmed party. Not the state of New York unless New York secured the loans on false information.
The AG has TDS to the max
Posted on 9/21/22 at 1:21 pm to boogiewoogie1978
quote:
Why is the AG of New York concerned with what goes on in Florida?
Probably because he uses collateral from other states for financing obtained in New York. I am not sure I get the civil suit here.
When I sign bank loans/lines of credit and have to submit a personal financial statement, there is always language in there that states 'knowingly falsifying financial information is criminal act punishable up to blah blah blah."
SO....why no criminal suit? It's either a crime or it is not.
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