In regards to Mar-A-Lago Price tag and Trumps fraud "trial".

The low tax assessment reflects deed restrictions which only permit the use of Mar a Lago as a private club. The restrictions were put in place by Trump for the purpose of reducing taxes.

Higher values assume that Trump's lawyers could get the deed restrictions removed so that the property could be developed and used for other purposes.

Deed of Development Rights
https://ag.ny.gov/sites/default/fil...002-deed-of-development-rights-mar-a-lago.pdf

 

So were the people that loaned him the money.

 

There's nothing questionable about that. It's literally how business is done in the real estate world.

In fact, it's so common and so often an accepted practice, that Katy Hochul had to hold a presser to assure the real estate goo-roos in New York that they had nothing to worry about, this is just about getting Trump.

She said: “Law-abiding and rule-following New Yorkers who are businesspeople have nothing to worry about because they’re very different than Donald Trump and his behavior.”

And: This was, “really an extraordinary, unusual circumstance”.

The only thing "extraordinary" is that Trump is running for president against a Democrat.

 

The tax assessment is always going to be lower that the appraised market value.

 

Yes... now, do YOU understand that 30,000 square feet is almost three times 10,996 feet? The former is what Trump reported was the size of his Trump Tower apartment and the later is the REAL size. This is illegal!

The ONLY impact of the Mar-a-Lago property in the ruling was that it along with the overvaluation of ALL other properties, demonstrated that this was not just a coincidental error, but a PATTERN of criminal activity.

Do you understand how "intent" works in a trial? In a civil trial it's not a necessary factor (it IS in a criminal trial), but it DOES increment the size of the compensation the culprit person has to pay.

Trump can play around with property valuations, he CANNOT play around with the size of the property.

 

related thread: Investors wary of investment in New York after state goes after Trump (posted by kazenatsu in United States section, February 29, 2024)

 

Compensation to which victim.

 

It's an arm length deal. If the bank took Trump's word for it, which they didn't, that's on them.

 

You obviously know nothing about the value of beach front property in south Florida.

 

Mar-a-Lago is definitely worth more than $27.6 million. Even 10 years ago.

Just to let everyone know, it is common practice for businesses to have two separate valuations, one for tax purposes and another for getting bank loans.
The bank could have easily looked up the tax evaluation if they wanted to.

One of the typical big houses next to Mar-a-Lago recently sold for $12 million.
The Mar-a-Lago building looks like it is about 12 times the area of one of those typical big houses, with 20 times the amount of land space.

A resort like Mar-a-Lago is not easy to put an exact price on, however, since it is unique and resorts exactly like that, in an area like that, are not sold very often.

 

I think the question of guilt of innocence is not even relevant. When the charges are bogus, the real crime is that of making law into a political weapon, and that is an extremely dangerous thing to allow.
This charge and many others are part of the choreographed vendetta of attacks whose only real purpose is to prevent Trump from running in the 2024 election. That reality discredits all these attacks. They are all dedicated to the same purpose, backed by the same people for the same reason. Justice has no role here except to cloak the conspiracy.
This is something no honorable person can respect or participate in. It is the worst example of political corruption, of betrayal of duty, that has occurred in my lifetime- and I'm old.

This behavior is toxic; poisonous to the nation, to democracy, to freedom. If it succeeds, it will become the defacto rules of politics- and a weapon of mass destruction. If we don't restore some character and honor to American politics and rid ourselves of such conduct and tactics soon, it will rule the future- and it will destroy the nation.

 

The reality is that the value of something is worth what someone else is willing to pay for it. My house comps may be $1 million, but if I will not sell for that number and someone really wants it and offers $1.5 million and I accept, the value is then $1.5 million. If I think it is worth $1.5 million and nobody buys at that price, that does not make my $1.5 million projection illegal. It only means I was unable to find a buyer at my price. It is not uncommon for a high value property owned by celebrities to go on the market for something like $ 20 million, sit there unsold for a long time and then it eventually sells for $10 million. This doesn't mean it was fraud to ask $20 million, it only means the owner overestimated what someone would be willing to pay.

For someone to believe their property is worth more than the market will bear at a given time is not unusual, nor is it fraud. For this reason, banks do NOT use personal valuations to decide the value they attach to any potential collateral. They instead use their own appraisers.

The notion that a judge would look at a personal property projection during a loan decades prior that has long since been paid off and retroactively go back and call that fraud, is as political as it gets.

Deep down, you too have to know this.

Additionally, are you trying to say that "almost all of Trumps [500 +] businesses" are bankrupt?

 

And if you live in NY, taking a loan out for $1.5m on a $1m property is fraud even after it's paid off.

 

Just another RICO conspiracy. Nothing to see and stuff.

 

Dude, no, that's not how things work in valuations. You don't get to just toss out any number you think people will pay. You also don't get to lie about square footage, rent control, number of floors, residential/commercial usage, or occupancy, or whether or not you included a brand premium in that number . . . all of which Trump has lied about. Deep down, you know Trumpists are full of **** when they say it is okay for Trump to do illegal things.

As far as those "500+ businesses" go, most are just shell companies on paper. Can you name any business Trump has run that hasn't gone bankrupt and/or wasn't fraudulent? Aside for his TV show (which wasn't even his idea) I can't really think of any, and even that one was based on lies.

 

Lol, that's absolutely adorable. You actually think commercial property is the same as residential property! No wonder you were okay with Trump lying about that in order to lie about his net worth!

 

Do you need help with the math there? I'm not sure what you are pretending you can't understand.

 

The value of something is what someone is willing to pay. Whether you understand this reality is not consequential. It is reality nonetheless.

Appraisers do not provide an objective value. They provide their subjective estimate of what it will fetch. A perfect example is when a celebrity puts their Hollywood mansion on the market for $20 million, and 4 years later they sell it for $10 million. Or in the opposite direction, when someone puts their property on the market for $250k, there is a bidding war, and it sells for $275k. These initial numbers are appraisals, not objective numbers. The true objective value is derived when it actually sells.

There is NOTHING illegal about someone believing that their property can fetch more money than it eventually sells for. For you to imply as you did above that this is illegal is bereft of any semblance of reality. This is why that judgment will never withstand all appeals. That is not a judgment aimed at actually recovering money, rather it is a judgment aimed at creating a headline.


Most of his companies are shell companies? I don't suppose you have a credible link to substantiate that claim do you?

 

How is it a lie? They literally used the tax assessors figure (which I noted in that same very first sentence) as a basis for saying that Trump overvalued his property by over 2k percent. Or do you just not like my use of the word "determine"? Because like it or not its the same damn thing when you get down to the brass tacks.

 

Mar-A-Lago is quite the successful business.

Stop watching leftist news channels. You're only getting, at best, half of the news.

 

He never, at any point in time, said the value could not be higher than that. Ever. At any point. And he has corrected this lie (which, yes, is a lie) multiple times. Yes, it is remarkable that Trump provided a value much LOWER than this when convenient and much HIGHER than this, also when convenient . . . and while lying about the uses available for the property. Why do you think that Trump both said that this number was way too high and also way too low?

 

Yeah, there aren't many resorts that can boast about the history of Mar-A-Lago either. Which that alone raises the sales price of it.

 

Stop watching leftist news channels. You're only getting, at best, half of the news.[/QUOTE]Mar-a-Lago isn't a "successful business." Mar-a-Lago isn't even its own business. Mar-a-Lago is a business ASSET that is owned by THE TRUMP ORGANIZATION . . . WHICH IS GUILTY OF FRAUD. Stop copy/pasting what Trumpist handlers tell you to say and try getting some real news. If you manage to get something right on this page, it may be the first time you've done so in this thread.

 

Then why did Trump say that 18m was too high?

 

It was residential property when it was built in the 1920s socialite Marjorie Merriweather Post . It could be again. There are many multi billionaires who could afford to own it. The revenue stream from the club has been over $20 million a year. Forbes magazine estimates the value of the property $350 million. Outside experts set it at at least $200 million.

You can keep drinking the Kool Aid of hate, which blinds you, or you can meld the power of knowledge with your arguments which will perhaps make them stronger. The woke DA and judge in New York are blinded by hate and an unquenchable desire for publicity. That does not make their numbers right.