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

QP! said:
And again, it does not matter what the property is worth.

If Trump was wrong on the high side and it was actually worth 10 times more than even Trump thought. Worth several billion, Trump would still be guilty because when the tax assessment came in saying it was worth between $10-20MM, Trump appealed that saying that amount was too high and it was worth less. Trump gave a bunch of reasons why it was worth less, chief amongst them was that 'he had signed away perpetual rights on any redevelopment thus limiting any potential buyers to buying it as a resort and operating it as a resort. That no development could EVER be done. Thus there was no speculative value and just a multiple on cash flow which were a few million per year'.


So again that is key. Not what the property is worth on the high end, or could sell for, which is irrelevant. If we grant Trump his number, for sake of argument, we then do not ignore he stated in tax filings it was ALSO worth far less.

That is the CRUX of the fraud, he was found guild of.
Click to expand...

New York cannot tax Trump for property in Florida.
 
QP! said:
Again from my post upthread taken from court transcript.






So for all the Derps who continue to argue 'Mar a Lago is worth even more', none of that changes the FACT that Trump argued then and signed papers then that it was worth LESS than the assessed value of $26MM before he accepted the $26MM value and signed off on that.

So you do not counter that by saying it is worth more than the high values used to get loans and leverage, because THAT IS THE FRAUD, he is guilty of.
Click to expand...

No fraud.
New York has no authority to declare the value of Mar-a-Lago.
 
floridafan said:
Do the Donalds businesses have the right to carry two different sets of books? one for banks and another for taxes and insurance!
Click to expand...

And New York is not declaring any valuation. The judge did not do nor commission any valuation in the way a Tax Assessment suit would go in a court. That is NOT what this case is about.

The valuations being used, on high and low end are a simple RECITATION of what Trump said on both ends.
 
QP! said:
And New York is not declaring any valuation. The judge did not do nor commission any valuation in the way a Tax Assessment suit would go in a court. That is NOT what this case is about.

The valuations being used, on high and low end are a simple RECITATION of what Trump said on both ends.
Click to expand...

Yes he did $18 million.
 
Yakuda said:
Yes he did $18 million.
Click to expand...
FALSE. LIE. From the court transcript he is using the Assessed value Trump said was TOO HIGH.

Again from my post upthread taken from court transcript.


... The property was valued between $18 million and $26 million during the relevant period of the lawsuit. Judge Engoron cited ...

pb-county-assessor.webp
Click to expand...
In 2020, Donald Trump appealed a $26.6 million valuation of Mar-A-Lago by the Palm Beach County Tax Assessor as being too high.

trump-tried-to-lower-valuation-of-mar-a-lago.webp
Click to expand...


So for all the Derps who continue to argue 'Mar a Lago is worth even more', none of that changes the FACT that Trump argued then and signed papers then that it was worth LESS than the assessed value of $26MM before he accepted the $26MM value and signed off on that.

So you do not counter that by saying it is worth more than the high values used to get loans and leverage, because THAT IS THE FRAUD, he is guilty of.
Click to expand...
 
QP! said:
FALSE. LIE. From the court transcript he is using the Assessed value Trump said was TOO HIGH.
Click to expand...

That's what it was assessed at not what it's value is. Judge moron decided it was valued at $18million. You can squeal all you like but nothing changes that fact. The more you yell the more it's clear you know you're wrong.
 
Yakuda said:
That's what it was assessed at not what it's value is. Judge moron decided it was valued at $18million. You can squeal all you like but nothing changes that fact. The more you yell the more it's clear you know you're wrong.
Click to expand...

FALSE. LIE. From the court transcript he is using the Assessed value Trump said was TOO HIGH. What the property is actually worth does not impact the fraud at issue at all.

Again from my post upthread taken from court transcript.


... The property was valued between $18 million and $26 million during the relevant period of the lawsuit. Judge Engoron cited ...

pb-county-assessor.webp
Click to expand...
In 2020, Donald Trump appealed a $26.6 million valuation of Mar-A-Lago by the Palm Beach County Tax Assessor as being too high.

trump-tried-to-lower-valuation-of-mar-a-lago.webp
Click to expand...


So for all the Derps who continue to argue 'Mar a Lago is worth even more', none of that changes the FACT that Trump argued then and signed papers then that it was worth LESS than the assessed value of $26MM before he accepted the $26MM value and signed off on that.

So you do not counter that by saying it is worth more than the high values used to get loans and leverage, because THAT IS THE FRAUD, he is guilty of.
Click to expand...
 
QP! said:
FALSE. LIE. From the court transcript he is using the Assessed value Trump said was TOO HIGH. What the property is actually worth does not impact the fraud at issue at all.
Click to expand...

More screaming. I can just imagine you foaming at the mouth, spittle flying everywhere as you rage. Without the $18 million valuation, judge moron couldn't possibly have determined what Trump did was fraudulent. You might want to try decaf buddy!
 
QP! said:
And New York is not declaring any valuation.
Click to expand...
Blatant lie.
QP! said:
The judge did not do nor commission any valuation in the way a Tax Assessment suit would go in a court.
Click to expand...
The court has no authority to tax assess any property or to declare the value of any property in Florida.
QP! said:
That is NOT what this case is about.
Click to expand...
So why did you bring up this strawman? That's a fallacy, dude.
QP! said:
The valuations being used, on high and low end are a simple RECITATION of what Trump said on both ends.
Click to expand...
Fine. That's not fraud.
 
floridafan said:
He kept one set with high valuations on the properties for bank loans, and another set with low property values for insurance and property taxes. Maybe a 3rd for the IRS?
Click to expand...

There's nothing illegal about that. If need be banks will sell a property based on market value not assessed value. And property taxes are based on assessed value not market value. This js just leftist hate.
 
Yakuda said:
There's nothing illegal about that. If need be banks will sell a property based on market value not assessed value. And property taxes are based on assessed value not market value. This js just leftist hate.
Click to expand...

Its fraud my dear, clear and outright fraud.
 
You must log in or register to reply here.
Back
Top