Real estate insiders bewildered by judge’s $18M valuation of Trump’s Mar-a-Lago: ‘Wou

floridafan said:
It makes no difference at all as to what this property is worth. Trump was found guilty of overstating, or understating the assets of dozens of his companies. The values were overstated by as much as 3.5 billion. This crime had been ongoing for years.
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That is total BS. The Judge had no clue what the value was
 
QP! said:
AGAIN stupid people who do not understand how to read what the Charge was or what the finding was think this is about what Mar a Lago is worth.

What it is worth has NOTHING To do with this case. If Trump sold it tomorrow for $1.5B he would still be just as guilty.

Because what he was charged with was 'filing on certain forms for tax reasons it was worth very little for a property of that nature', to reduce his tax burden, and then 'filing on other forms, bank forms, that it was worth a massive amount of money for a property of that nature' so he could maximize loans and leverage.


THAT is the crime and whether Mara A Lago tomorrow sold for $1B or $20B that DOES NOT impact the crime committed one iota.

BUt people who do not understand the law, and especially real estate law, will not understand what i say above.
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No he was accused of over evaluaring the property to fraud banks to get loans
 
ptif219 said:
No he was accused of over evaluaring the property to fraud banks to get loans
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Incorrect.

While Trump did clearly over value many properties, shown in his own internal notes of the value, the core of the fraud case is the discrepancy between the two sets of books. High valuations for one purpose and lower for another. Even if Trump properly valued things on the high end he would still be guilty of this fraud, because of what he did on the low end.

This is directly from the lawsuit James filed and it is specifically detailing Trump using TWO SETS OF BOOKS and TWO SETS OF VALUATIONS. That is the fraud.


...“All told, Mr. Trump, the Trump Organization, and the other Defendants, as part of a repeated pattern and common scheme, derived more than 200 false and misleading valuations of assets included in the 11 Statements covering 2011 through 2021,”

... “two sets of books” scenario: “one internal set of records reached one conclusion regarding market value, but the figure presented on Mr. Trump’s Statement was considerably higher...."

..."...Trump reaped a substantial financial benefit by putting forward faulty information in his financial statements, including $150 million in the form of favorable interest rates he obtained from the banks..."

..."the misrepresentations on Trump’s financial statements affected “most if not all of” his and his company’s “real estate holdings in any given year, including several of Trump’s highest profile business ventures..."
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ptif219 said:
It is about hate Trump and destroy him so he can't run for presidr=ent the law is irrelevant
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FALSE.

it about enforcing law on Trump as they would any other citizen and not saying as Trumptards do 'the law should be irrelevant when it comes to Trump'.
 
ptif219 said:
That is total BS. The Judge had no clue what the value was
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Found this on CBS.com:

In fact, the judge had cited Palm Beach County Property Appraiser valuations putting the property at between $18 million and $28 million, depending on the year, from 2011 to 2021. Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right.
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ptif219 said:
It is about hate Trump and destroy him so he can't run for presidr=ent the law is irrelevant
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in fact, it is about pointing out the laws and norms that Trump has routinely violated. He is not qualified due to a lifetime of criminal behavior. I do not hate Trump. I find him disgusting.
 
QP! said:
Incorrect.

While Trump did clearly over value many properties, shown in his own internal notes of the value, the core of the fraud case is the discrepancy between the two sets of books. High valuations for one purpose and lower for another. Even if Trump properly valued things on the high end he would still be guilty of this fraud, because of what he did on the low end.

This is directly from the lawsuit James filed and it is specifically detailing Trump using TWO SETS OF BOOKS and TWO SETS OF VALUATIONS. That is the fraud.
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No fraud.
 
ptif219 said:
That is total BS. The Judge had no clue what the value was
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Into Тhe Night;5804005 said:
Found this on CBS.com:
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In fact, the judge had cited Palm Beach County Property Appraiser valuations putting the property at between $18 million and $28 million, depending on the year, from 2011 to 2021. Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right.
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Thank you Into the Night for pointing out to ptfi what i have been saying.

The Judge was NOT making any determination of what any Trump properties were worth and thus this lie being spread on right wing derp media, that the Judge is wrong and put a low value, is just that, a lie.

What the Judge did, and the case was about, was Trump, as you quote using LOW estimates for tax assessments (he actually argued his properties were worth less than the tax assessment and gave reasons why) and then a short period after, when applying for loans Trump argued they were worth often more than 2000% more.

THAT IS HIS FRAUD.

Trump could have stuck with either the low estimate to save tax, or the high one to get loans, and if the other parties fought back and disagreed that is not fraud on Trumps part.

But when you have the same person, on Day 1, Trump, say My properties are worth X, in one filing, and then a day later say that same property is 20X in another filing, THAT IS FRAUD.

It DOES NOT matter if the property is actually worth X or the 20x. Meaning if the property was liquidated and got the highest value that does not change the Fraud Trump committed.
 
QP! said:
Thank you Into the Night for pointing out to ptfi what i have been saying.
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Not me. An impersonator.
QP! said:
The Judge was NOT making any determination of what any Trump properties were worth and thus this lie being spread on right wing derp media, that the Judge is wrong and put a low value, is just that, a lie.
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The judge WAS making a determination of what Trump properties are worth. He has no authority to do so.
QP! said:
What the Judge did, and the case was about, was Trump, as you quote using LOW estimates for tax assessments (he actually argued his properties were worth less than the tax assessment and gave reasons why) and then a short period after, when applying for loans Trump argued they were worth often more than 2000% more.
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So?
QP! said:
THAT IS HIS FRAUD.
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That is not fraud.
QP! said:
Trump could have stuck with either the low estimate to save tax, or the high one to get loans, and if the other parties fought back and disagreed that is not fraud on Trumps part.
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That is not fraud.
QP! said:
But when you have the same person, on Day 1, Trump, say My properties are worth X, in one filing, and then a day later say that same property is 20X in another filing, THAT IS FRAUD.
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That is not fraud.
QP! said:
It DOES NOT matter if the property is actually worth X or the 20x. Meaning if the property was liquidated and got the highest value that does not change the Fraud Trump committed.
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That is not fraud.
 
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