The judge cited the number by the county tax assessment.....which is different from a valuation.
The main issue that people don't understand is there are restrictions on Mar a Lago's value. It cannot be used as a single house. And Trump chose to have a Conservation Easement on the property that is a permanent restriction on further development in exchange for like a $5 million tax break.
we need to flood the judge with offers to buy his house from him for $1ooo.oo. if mar a lago is only worth 18mil, his house cannot be worth more than 1k.
The corrupt accusations must be obvious enough for the normies to see it as corruption but not so obvious that it's like slapping them and telling them they're stupid.
Two houses in my neighborhood just sold for over 1 million. These are basic Cape Cod style, four bedroom, two bath on 50X100 lots. All newly renovated (about 200K). Way over valued in my opinion, but the market feels differently. It's insane.
The restrictions on how the property is used, affects the market value.
Here's some back ground.
Mar-a-Lago is deed restricted as a private club. The deed itself is restricted, it can't be used for any other purpose, as such our office values it as we value the other private clubs in Palm Beach County,"
The craziest part about all of this is there is not a single developer in New York that for tax purposes does not increase or decrease the value of their properties depending on their Tax and insurance rates.
The government created these tax laws And loopholes that allow this to happen. So in my opinion, the government says. Okay, you can do this, but then we're going to prosecute you for it afterwards.
Are they going after every property owner and Developer In new york, or just if your name is trump and you're leading every poll to be the next president.
Obviously everybody here knows the answer to that question.
Absolutely, I was referring the the house that sold for ~$123M. The high end RE prices have inflated along with everything else, at least for the peeps that can pay cash. Mar-a-Largo would be a tough one to value, and it is technically mixed used RE.
Are you kidding me? If mar a lago is only worth 18 mil I should have gotten my hovel for about 75 cents. That's an increase in buying power, not a loss. Which is how you know it's bullshit
Since WHEN does a judge value a property? He is a judge not a realitor
Even realtors don't do that, appraisers do. Even then, the market decides.
Exactly
The judge cited the number by the county tax assessment.....which is different from a valuation.
The main issue that people don't understand is there are restrictions on Mar a Lago's value. It cannot be used as a single house. And Trump chose to have a Conservation Easement on the property that is a permanent restriction on further development in exchange for like a $5 million tax break.
That's cool, but it's not how statements of financial condition work
Yeah I mean unless he's looking to sell, the low appraisal is a good thing - less taxes.
Ok 12 day old account.
Sheesh.
What does that have to do with anything if what he says is true? This site is one big circle jerk.
Then suppose you explain why you're here. With a user name like "Suck My Dick," which one are you: a circle, or a jerk? Bet I can guess. LOL
You are so pathetically weak
Since this forum isn't for you, maybe head over to Patriots.win instead
48 days old account 🤣🤣.
Here comes 18.
Every site is now, unfortunately. I miss when the internet was the wild west.
ad-hominem. you want to insult someone for being a short-timer you should punch a hole in their argument first.
Every one of us was at one point a first time posting virgin🤣
No need to. Your comments speaks volumes.
u/#mikeyep
we need to flood the judge with offers to buy his house from him for $1ooo.oo. if mar a lago is only worth 18mil, his house cannot be worth more than 1k.
sauce:
The corrupt accusations must be obvious enough for the normies to see it as corruption but not so obvious that it's like slapping them and telling them they're stupid.
right, because the later has them just shut down and not pay attention.
I really don't understand the issue here.
The market dictates the property value. I'm sure in 2008 is was worth less than it is now.
I can list my home right now for 1 million dollars.
It won't sell for that, but what would I have done wrong?
Let's say it did sell for my over-inflated price. I still haven't don't anything wrong.
Two houses in my neighborhood just sold for over 1 million. These are basic Cape Cod style, four bedroom, two bath on 50X100 lots. All newly renovated (about 200K). Way over valued in my opinion, but the market feels differently. It's insane.
It's whatever anyone is willing to pay.
Of course, when the market goes down, so do the prices.
But the market is up for housing for the just 5 years, obscenely so.
Mar a Lago cannot be used as a house, the property is restricted.
But it's worth is whatever is dictated by the market. And there's no way the number they came up with is realistic for that property in that town.
How can a judge find the worth of any property to be fraudulent?
I'm assuming they are trying to accuse Trump of writing off the property at an inflated price?
The restrictions on how the property is used, affects the market value.
Here's some back ground.
https://www.cbsnews.com/news/trump-mar-a-lago-1-8-billion-own-company-said-it-was-too-high/
Here's an appraisal Donald Trump had done 1995
https://www.documentcloud.org/documents/4332803-Clarion-1995-MAL-APPRAISAL.html#document/p17/a394146
It was valued then at 28 million.
In other words, he can stay there as a vacation spot, but can't make it his permanent address?
The craziest part about all of this is there is not a single developer in New York that for tax purposes does not increase or decrease the value of their properties depending on their Tax and insurance rates.
The government created these tax laws And loopholes that allow this to happen. So in my opinion, the government says. Okay, you can do this, but then we're going to prosecute you for it afterwards.
Are they going after every property owner and Developer In new york, or just if your name is trump and you're leading every poll to be the next president.
Obviously everybody here knows the answer to that question.
Lower appraisal the lower the taxes.
Is that the most expensive house in history then?
This proves the value loss of the US Fed dollar.
side issue
this proves the allegations against POTUS45 are 100% fabricated
Absolutely, I was referring the the house that sold for ~$123M. The high end RE prices have inflated along with everything else, at least for the peeps that can pay cash. Mar-a-Largo would be a tough one to value, and it is technically mixed used RE.
Are you kidding me? If mar a lago is only worth 18 mil I should have gotten my hovel for about 75 cents. That's an increase in buying power, not a loss. Which is how you know it's bullshit