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well he is right about one thing, just saying it wrong. We are definitely a threat to their sick way of life and their grip on power. We refuse to conform. We're their enemy more so than any foreign nation. Why do you think they're importing whole countries? They can't beat us physically. The plan is to breed us out.
I read parts of the decision, primarily the sections having to do with Mar-A-Lago and 40 Wall.
Regarding Mar-A-Lago the judge accepts the county's assessment of $18M due to current easements on the property but ignores a local RE who puts the value at $1.5B regardless of the easements.
Regarding 40 Wall, Cushman/Wakefield valued the property at ~$210M, Trump said it was worth $525M, CW changed their valuation to $540M in 2 years. Was Trump wrong/fraudulent?
I don't understand how the judge can make a life-changing decision based on valuations that are subjective, without an agreed upon standard.
Well he is right about one thing, just saying it wrong. We are definitely a threat to their sick way of life and their grip on power. We refuse to conform. We're their enemy more so than any foreign nation. Why do you think they're importing whole countries? They can't beat us physically. The plan is to breed us out.
Can't argue that. I'm somewhat thankful that my wife and I are in our 70s. If the bottom falls out, in the next few years, we won't have to suffer the consequences for all that long. My late father was a highly decorated combat soldier in WWII. I can only imagine how he's "spinning in his grave", seeing how the country he fought to keep free, has deteriorated.
Quote:
Originally Posted by kmrlongisland
I read parts of the decision, primarily the sections having to do with Mar-A-Lago and 40 Wall.
Regarding Mar-A-Lago the judge accepts the county's assessment of $18M due to current easements on the property but ignores a local RE who puts the value at $1.5B regardless of the easements.
Regarding 40 Wall, Cushman/Wakefield valued the property at ~$210M, Trump said it was worth $525M, CW changed their valuation to $540M in 2 years. Was Trump wrong/fraudulent?
I don't understand how the judge can make a life-changing decision based on valuations that are subjective, without an agreed upon standard.
there is way more going on here then the simple beliefs you see posted as far as how things were valued
The "simple beliefs you see posted" are from the decision document.
My cousin is in NYC commercial RE, a name all would recognize, he said most of the logic presented in the decision is narrowly interpreted and denies the subjective nature of commercial RE valuation. He also said no bank would make a loan on a property without being confident of the valuation presented.
No one here knows nothing about RE evaluation. The price of real estate is determined by what people are willing to pay for it, period end of story. There's absolutely no way anyone will know unless the building is put up for sale. So this entire RE evaluation is horse S.h!t.
Imagine if the same level of scrutiny- which according to Cida is not enough - was placed on all politicians?
The same level of scrutiny not only on politicians but also on NYC real estate owners and landlords. I'm sure many of them inflated and deflated. Who wouldn't? Real estate tax here is thru the roof! (no pun intended)
No one here knows nothing about RE evaluation. The price of real estate is determined by what people are willing to pay for it, period end of story. There's absolutely no way anyone will know unless the building is put up for sale. So this entire RE evaluation is horse S.h!t.
20 million vs 600 million isn’t subjective. It’s fraud
A 2 billion dollar difference isn’t a subjective difference in values
Claiming a 10,000 foot apartment is 30,000. Ain’t subjective
Last edited by mathjak107; 09-29-2023 at 11:08 AM..
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