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re: So to all the posters who were on the "Trump committed fraud to get his loans" crowd
Posted on 12/1/23 at 2:54 pm to TigerIn2023
Posted on 12/1/23 at 2:54 pm to TigerIn2023
Of course not. First of all, I’m not the one who cited Forbes. Forbes is notorious for undervaluing closely held entities. Of course, you thought a tax assessment was relevant, so you wouldn’t know that.
Now. Would you like to explain why you think the tax assessed value is relevant and why you cited it as proof of fraud?
Now. Would you like to explain why you think the tax assessed value is relevant and why you cited it as proof of fraud?
2
Posted on 12/1/23 at 2:54 pm to TigerIn2023
quote:
So you concede he valued it $100-$175million higher than rational estimates.
Was that a value of the property only, or did that include the revenues generated by said property? I am willing to bet it was only the property.
Posted on 12/1/23 at 2:56 pm to davyjones
quote:How is such a large discrepancy in square footage of a property a matter of opinion?
that the judge’s opinion/valuation clearly leaves much room for debate and understandable disagreement
Posted on 12/1/23 at 2:57 pm to BBONDS25
quote:You are very much avoiding the discrepancy in square footage of the property. Why is that?
Would you like to explain why you think the tax assessed value is relevant and why you cited it as proof of fraud?
Posted on 12/1/23 at 2:57 pm to TigerIn2023
quote:
How is such a large discrepancy in square footage of a property a matter of opinion?
Which property, specifically, are you referring to?
Posted on 12/1/23 at 2:58 pm to TigerIn2023
quote:
You are very much avoiding the discrepancy in square footage of the property. Why is that?
I’ve addressed it twice. You have failed to answer my questions about it. Likely because it wasn’t in the CNN article you base your opinion upon.
You, additionally, are very much avoiding explaining how you thought a tax assessment is in any way related to fair market value. We are all waiting to learn why you argued that?
This post was edited on 12/1/23 at 3:01 pm
Posted on 12/1/23 at 3:03 pm to BBONDS25
quote:CITATION NEEEDED
Forbes is notorious for undervaluing closely held entities.
Surely you have another assessment completed “after reviewing its financial history and consulting eight real estate experts” which arrives at a value closer to the $739million claimed by the Trump org.
I’ll wait…
Posted on 12/1/23 at 3:04 pm to TrueTiger
quote:
Banks never take the borrower's word.
Anyone who's ever had a mortgage knows that.
Correct
A bank is responsible to do their own due diligence
Posted on 12/1/23 at 3:06 pm to BBONDS25
(no message)
This post was edited on 12/1/23 at 3:08 pm
Posted on 12/1/23 at 3:06 pm to BBONDS25
(no message)
This post was edited on 12/1/23 at 3:08 pm
Posted on 12/1/23 at 3:06 pm to BBONDS25
(no message)
This post was edited on 12/1/23 at 3:08 pm
Posted on 12/1/23 at 3:06 pm to BBONDS25
quote:It was based on values and documents presented in court.
Likely because it wasn’t in the CNN article you base your opinion upon.
WHOOPSIES!
Posted on 12/1/23 at 3:08 pm to TigerIn2023
quote:
CITATION NEEEDED
Valued the Clippers at $575 million just before they sold for $2 billion.
you dumb idiot. Forbes sucks at valuation of closely held businesses.
Posted on 12/1/23 at 3:11 pm to BBONDS25
YOU: This tax assessed value is completely irrelevant to the discussion of real estate valuations.
Also, YOU: Here’s a valuation of a basketball team to defend my stance of real estate valuations.
LOLOLOLOLOLOLOL
Also, YOU: Here’s a valuation of a basketball team to defend my stance of real estate valuations.
LOLOLOLOLOLOLOL
Posted on 12/1/23 at 3:12 pm to TigerIn2023
quote:
WHOOPSIES
Did you read the AP article you linked? Cite the specific portion you relied upon?
Posted on 12/1/23 at 3:15 pm to TigerIn2023
quote:
YOU: This tax assessed value is completely irrelevant to the discussion of real estate valuations.
Common sense to anyone that has ever owned property and dealt in real estate. I do enjoy you’re doubling down on it and once again making a complete fool of yourself.
quote:
Also, YOU: Here’s a valuation of a basketball team to defend my stance of real estate valuations.
Do you know what a closely held entity is? Do you know what a unique entity is? You laugh because you’re a completely ignorant moron. I guess you missed that everyone agrees getting comps on MAL is impossible. You do know what comps are, right? So I showed a specific example of a closely held unique entity where Forbes was waaaaaay off. Your ignorance doesn’t negate the relevance. Dummy.
Posted on 12/1/23 at 3:16 pm to BBONDS25
quote:That would hurt a lot more if it was coming from someone who didn’t just confess they are not able to comprehend an AP article and need me to break it down for them.
You laugh because you’re a completely ignorant moron.
This post was edited on 12/1/23 at 3:17 pm
Posted on 12/1/23 at 3:17 pm to BBONDS25
Valued FTX at over 32 billion as well
Posted on 12/1/23 at 3:19 pm to TigerOnTheMountain
quote:… few posts later …
Forbes is notorious for undervaluing closely held entities.
quote:You're breaking the narrative!
Valued FTX at over 32 billion as well
Posted on 12/1/23 at 3:19 pm to TigerOnTheMountain
So when I was buying my first house, I looked at and liked a house that was listed for much more than fair market value. I made an offer and was refused. Was I an unwitting victim of fraud? I mean I was at least damaged in the scenario because I didn't get the house I wanted.
Also, when you sale a house, are you gonna list it for exact tax assed value, down to the penny? Seems like the are trying to criminalize negotiation.
Lastly, during COVID, a lot of houses were selling for above market price. Lot of fraud to investigate there.
Also, when you sale a house, are you gonna list it for exact tax assed value, down to the penny? Seems like the are trying to criminalize negotiation.
Lastly, during COVID, a lot of houses were selling for above market price. Lot of fraud to investigate there.
This post was edited on 12/1/23 at 3:22 pm
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