Pabst wrote: ↑Thu Feb 08, 2024 6:05 pm
955876 wrote: ↑Thu Feb 08, 2024 5:19 pm
Trump overstated the value of his properties when obtaining a loan. Ummmm so what.
The "so what" is that's fraud.
And we're not talking about fluctuating values here....He had a buddy appraise it at
$1 Billion when the city of Palm Beach estimated it's value at $18-28
million
I've said it before and I'll say it again: Trump isn't asking for the law to be applied equally, he's asking for the same exemptions he complains that others receive. That's why I have no interest in defending him and his bullshit, sorry.
I have passed Mar A lago dozens of times,
That property is insane, goes from beach to bay, about 19-20 acres. ( 17 acres )
65,000 s.f. house.
There are 2 houses for sale within a block or two or MAL
$40 million, 6,500 s.f. house on 1/2 acre
$45 million 13,000 s.f. on .43 acre.......
this is a new house.....
I believe they paid $6+ million for this property and house....
knocked it down and built this, thats lisetd for $45.
THEY BOUGHT A HALF ACRE LOT FOR $6+ million .....TO KNOCK DOWN.
Simple math....17 acres MAL....is 34 half acre lots......some would be ocean or bay front.
34 x $ 6million = $102.....if you just sold lots...
the 5 or 6 bay front lots and 5 or 6 ocean front LOTS.... would likely sell for $15-20 million each.....easy.
You are talking $300 million worth of lots.
Imagine if a developer built houses on those 34 lots....what would it sell for.
MADNESS
I do not know what the judge thought process is?
The judge has to be biased, if not insane and oblivious to real estate costs.
Check his voting record....
The least expensive house listed within a mile is $17.9 million on 0.28 acres.
5 bedrooms, 6,000 s.f. - NOT BEACH FRONT, NOT BAY FRONT.
Municipal values this at less then $3 million.... 6 times less than listing.
Judge is insane.
Municipal values of properties are generally much lower than market value.
Banks have appraisers......
Banks approved of all the financials.
If I can buy some properties in Palm Beach for the municipal value.......
and turn around and sell them for market value....
I would have Bezos opening my car door for me......jk.