NY Attorney General seizes first of Trump's properties

[adrina]

The judge ruled the property is worth $18 million. He certainly was not bound to accept the tax assessment as a reflection of fair market value. When property is bought or sold, the common practice to have it professionally appraised.

If that's what makes you feel better to justify your choice of words and overt bias.

In the absence of any other assessment I'm sure you think it is better he just pull a number out of his ass.

 

[SmokingFap]

She did not seize property. She put out a list of perspective seizures. Trump has until Monday, close of business, to come up with 454m or for the court system to lower the amount if it is so inclined.

It's my understanding that she already has a lien on Seven Springs, so Trump can't do anything with it.

 

[SmokingFap]

As usual you're full of misinformed shit. A simple search for a 17 acre "lot" (Mar-A- Lago is 17 acres) in Palm Beach Florida reveals the following:

In Palm Beach County, Florida, the cost of a 17-acre waterfront lot can vary based on location, proximity to amenities, and other factors. Here are some insights:

1. Average Price: On average, waterfront land in Palm Beach County is priced at approximately $75,077,256 per acre1. Using this estimate, a 17-acre waterfront lot could cost around $1,276,320,352.
2. Specific Listings:
   • While individual listings may vary, there are examples of waterfront properties in the area. For instance, a 5-acre waterfront property is currently listed at $1,295,0002.
   • Considering this, a 17-acre lot might be priced significantly higher, especially if it offers desirable features like direct Intracoastal frontage, marina access, or other amenities.
3. Market Trends: Keep in mind that real estate prices fluctuate based on market conditions, demand, and unique property characteristics. It’s advisable to consult with local real estate professionals to get accurate and up-to-date information on specific listings.

Remember that waterfront properties in Palm Beach County are highly sought after, and their value can be influenced by factors such as views, accessibility, and development potential.

Learn more​

1landsearch.com2redfin.com3waterfront-properties.com4landwatch.com5zillow.com6landwatch.com+2 more

Then why has Trump never stated a value like that on any of his asset valuation statements? Didn't mention a figure anywhere near that until this fraud trial? Surely, he would have gotten much better loan terms if he could have listed a $1.2 billion property.

 

[adrina]

Then why has Trump never stated a value like that on any of his asset valuation statements? Didn't mention a figure anywhere near that until this fraud trial? Surely, he would have gotten much better loan terms if he could have listed a $1.2 billion property.

This is the fun part. Trump purposefully listed Maralago the way he did for tax purposes - to save him money. And now it's come back to bite him in the ass. His team of lawyers or financiers never put together an independent assessment, they wanted it valued the way it was for tax savings. Now he wants valued higher when it suits him.

He made the bed. He has to lay in it. And every conservative would feel the same - if they weren't sell outs to Trump.

 

[Rightguide]

EMBARRASSING! CNN Now Says Mar-a-Lago Is Worth $240 Million—Only 5 Months Ago, They “Fact-Checked” Trump For Disputing Crooked Judge Engoron’s $18 Million Valuation [VIDEO]​

By Patty McMurray Mar. 22, 2024 11:20 am78 Comments


In October 2023, CNN performed a gratuitous fact-check for the Democrat Party on the value of Donald J. Trump’s Mar-a-Lago after the overzealous, partisan hack, Manhattan Judge Arthur Engoron, falsely claimed it was only worth $18 million.

Here’s what the so-called “fact-check” by CNN claimed on October 3, 2023:

Before former President Donald Trump appeared in court Tuesday for the second day of his civil fraud trial in New York, he claimed on social media that it has now “been agreed in Court that Mar-a-Lago is WORTH 50 to 100 times the Value” New York Attorney General Letitia James had ascribed to it, $18 million.

Trump was claiming, therefore, that the court had agreed the Florida property was worth $900 million to $1.8 billion.

Facts First: Trump’s claim is false. There has been no such agreement in court. Judge Arthur Engoron and a lawyer for James’ office did not endorse a Trump lawyer’s Monday claim in court that Mar-a-Lago could be sold for more than $1 billion.

https://twitter.com/x/status/1770963198021165466

Rest of article here: https://www.thegatewaypundit.com/2024/03/embarrassing-cnn-now-says-mar-lago-is-worth/

 

[adrina]

^^ Case in point.

 

[SmokingFap]

Umm, isn't CNN "fake news"?

 

[Rightguide]

Umm, isn't CNN "fake news"?

I just proved it is.

 

[SmokingFap]

If Mar-A-Lago is worth that much, then Trump should have no problem posting that bond by Monday. Problem solved.

 

[SmokingFap]

I just proved it is.

No, you just proved that you believe the stories that confirm your bias.

 

[Bray123]

The judge ruled the property is worth $18 million. He certainly was not bound to accept the tax assessment as a reflection of fair market value. When property is bought or sold, the common practice to have it professionally appraised.

https://www.politifact.com/factchec... was "between $18 million and $27.6 million."

New York Supreme Court Judge Arthur Engoron’s Sept. 26 ruling stated that from 2011 to 2021, the Palm Beach County property appraiser determined Mar-a-Lago’s value was "between $18 million and $27.6 million."

Engoron asked the media to stop attributing the $18 million figure to him.

"Please, press, stop saying that I valued it at $18 million," he said in court Oct. 2. "That was a tax assessment. Or, something in that range."

 

[BabyBoomer50s]

If that's what makes you feel better to justify your choice of words and overt bias.

In the absence of any other assessment I'm sure you think it is better he just pull a number out of his ass.

In case you’re not aware, the case does not involve a dispute over property tax assessment.

 

[Rotadom]

I’ve looked at recent sales of other properties in the area.

"It's not a cult!"

Doing homework to defend the criminal. Unbelievable.

 

[adrina]

In case you’re not aware, the case does not involve a dispute over property tax assessment.

Then you should have no problem understanding that the judge went with the only assessment available - the one that Trump insisted upon for the property assessor's office.

Trump wanted it valued in one way to save him money. Now he wants it valued in another way to get him money. And you support him having it both ways. You're such a Trump suck up.

 

[DeluxAuto]

The mental gymnastics you simpletons go through to twist narratives to make trump's lies make sense to you is a damn spectacle.

 

[DeluxAuto]

Trump undervalued the property to fuck you over on him paying taxes.

Now you're defending his lie that fucked you.

You're a collective of battered spouses.

 

[BabyBoomer50s]

Then you should have no problem understanding that the judge went with the only assessment available - the one that Trump insisted upon for the property assessor's office.

Trump wanted it valued in one way to save him money. Now he wants it valued in another way to get him money. And you support him having it both ways. You're such a Trump suck up.

Any property owner will tell you they prefer to have their tax assessment as low as possible and the market value of their property to be as high as possible. The county assessor and the Trump’s lenders arrived different numbers. That is not at all unusual.

 

[Rightguide]

No, you just proved that you believe the stories that confirm your bias.

Posts you cannot refute with alternative facts.

 

[BabyBoomer50s]

Trump undervalued the property to fuck you over on him paying taxes.

Now you're defending his lie that fucked you.

You're a collective of battered spouses.

Good grief. Trump didn’t undervalue the property. The tax assessment value was set by the county assessor.

 

[adrina]

Someone apparently has no idea of the history of how or why it was set that way or they're just a Trump suck up.

The reality is that Trump doesn't get to have his cake and eat it too in this instance. The fact that you are defending his behavior as normal just shows how few morals you have.

 

[SmokingFap]

Posts you cannot refute with alternative facts.

Only you guys believe in "alternative facts". We deal in the actual ones.

 

[DeluxAuto]

Good grief. Trump didn’t undervalue the property. The tax assessment value was set by the county assessor.

You'll get it one day.

Just kidding

 

[Philthy_Phil]

I love it! Seeing these trumptards triggered and suffering because of their lying, theiving orange god.
It's a good day.:

 

[dmallord]

As usual you're full of misinformed shit. A simple search for a 17 acre "lot" (Mar-A- Lago is 17 acres) in Palm Beach Florida reveals the following:

In Palm Beach County, Florida, the cost of a 17-acre waterfront lot can vary based on location, proximity to amenities, and other factors. Here are some insights:

1. Average Price: On average, waterfront land in Palm Beach County is priced at approximately $75,077,256 per acre1. Using this estimate, a 17-acre waterfront lot could cost around $1,276,320,352.
2. Specific Listings:
   • While individual listings may vary, there are examples of waterfront properties in the area. For instance, a 5-acre waterfront property is currently listed at $1,295,0002.
   • Considering this, a 17-acre lot might be priced significantly higher, especially if it offers desirable features like direct Intracoastal frontage, marina access, or other amenities.
3. Market Trends: Keep in mind that real estate prices fluctuate based on market conditions, demand, and unique property characteristics. It’s advisable to consult with local real estate professionals to get accurate and up-to-date information on specific listings.

Remember that waterfront properties in Palm Beach County are highly sought after, and their value can be influenced by factors such as views, accessibility, and development potential.

Learn more​

1landsearch.com2redfin.com3waterfront-properties.com4landwatch.com5zillow.com6landwatch.com+2 more

Did you forget to include the restrictions on using this property that Trump must adhere to? Nope.

Your figures are based on properties that can be developed or re-developed for residential uses. Those don't apply to Mar-a-Lago.

Mar-a-Lago is restricted to being used as a club without further development capabilities. It has no potential development due to the deed restrictions and sales conditions placed upon it.

You sourced a bunch of hyperbole that is not relevant to Mar-a-Lago. Yep, it is 'influenced' by 'unique property characteristics.' Ones that are disfavorable to the owner(s).

Get an appraisal, not a handbook on property values.

 

[Bray123]

The valuation is a moot point anyway.

Once it's sold by the DA, the value will be what is achieved. And the more that is, the more of his debt will be paid. Plus, once it's out of his hands the value will increase (plus all the surrounding properties).