Investors may worry that James could possibly go after other businesses with similar charges just so the Trump charge doesn't look like it's political.
Not MAY worry … they 100% ARE terrified. The communists in NY just announced to the entire business community in NY that they will 100% confiscate your assets if you cross them. It is a function of risk. When the rule of law no longer protects the property rights of investors, it is no less dangerous than investing in communist China, or Dumbfuckistan. Time to relocate those dollars to safer waters.
Wow. I didn’t think of that. I was thinking that developers are smart enough to know it was a political hit. Now I understand there could be more coming to cover their tracks. The scumbags could even be thinking they discovered a new tool for wealth confiscation and redistribution (amongst themselves).
I think you may have hit the nail on the head there fren. NY is not a very friendly business or investor climate.
I also wonder how many of those property investments are linked to imploding Chinese real estate developers and investment schemes? They may want to divest themselves before the house of cards starts to fall. Downtown LA is stuck with a huge Chinese rotten tail development project where the developer went bankrupt - Oceanwide Plaza. The taxpayers are going to end up paying the check for doing something with the eyesore. Chinese real estate development is in a tailspin and it reaches overseas. The decline has been evident for years, so smart investors have been decoupling before they get caught up in the tsunami of defaults and are left holding the bag - especially pension funds that in the past have held a significant share in Chinese equities.
No, it's now known they can prosecute and win for arbitrary and capricious reasons.
a. Enemy of the State? Lawfare, take your assets. This was Trump's "crime."
b. Political cover so they can delude themselves that their lawfare looks even-handed? Sure, that might be a concern.
c. Massive drop in tax revenues because dirty developers are extracting their assets from NY State/City? Make up charges so you can seize the assets before they depart.
Anything is on the table. Once a government loses its principles and becomes a petty dictatorship, even a "democratically elected" dictatorship, then no one is safe. Not even the ass-kissers.
F#$k them. i have family that lives in Manhattan and they are saying that Biden is dealing with the mess that Trump made. i can't hardly stand it. thankfully i hardly ever see them. i love them but this is so close to the red line that i'm really not ready for them to cross or me to cross, however it goes. i'm thinking they are the 4-6% Q talked about, that is how bad it is.
Upstate NY real estate had been declining for years. No one wanted to pay the taxes on houses that were priced more than $350 (10k in taxes) especially In the area we finally left in 2014. And luckily we’re able to sell our home after being on the market for a couple of years.
It was bad upstate for years. Nobody moving in except Muslim refugees and welfare peeps coming up from NYC. And corporations and businesses were leaving in droves. Cities and towns became hovels of welfare recipients. Drugs and crime kept skyrocketing.
I'm not sure what you mean by "upstate". I have lived in Dutchess County for the past 25 years and it has steadily grown for the most part, and rapidly accelerated during covid, and continues to do well because of all the people fleeing NYC.
After Trump wins his appeal, he should get all his businesses out of NYC, sell the buildings/hotels and make sure to take everything that says Trump on it out of them first. Heck even tear down the buildings or make them unusable so the city doesn't take them and use them for illegals, you know darn well the city would love that.
Collectivist retards. Capitalism relies on ownership rights being preserved by the Rule of Law. It's risky to invest in Loser jurisdictions where capital can be capriciously confiscated by a handful of f*ckwits.
The dumbarses just put NY on the path to turning into another Detroit.
What they did to Trump is proof that they are openly hostile to businesses. And left the door open for that to mean everyone, not just conservatives or Trump supporters.
I love seeing the corrupt shitlibs who install themselves in America's greatest cities, shooting themselves and the idiot voters who support them - in the foot.
And once the divestment starts, it'll all happen in a rush, the money people are just another flock of sheep that will baa and go with the herd. No wonder the cabal have started the great sell-off. Is this the collapse of the fiat dollar happening? Is hyperinflation charging down the turnpike at ClownWorld?
I keep hearing how the square footage of his Trump Tower apartment was inflated as well. But I seem to remember from "The Art of the Deal" that he combined two or three of the top floors/units to make his unit, so it probably is 30,000 square feet.
During the testimony, Trump said that he did believe that values of his statement of financial condition were off, "both high and low" in response to a question from state attorney Kevin Wallace.
He specifically said his triplex apartment in Trump Tower was overvalued with a correction of about $200 million applied to his financial statement.
"I thought the apartment was overvalued when I looked at it," he said.
Investors may worry that James could possibly go after other businesses with similar charges just so the Trump charge doesn't look like it's political.
Not MAY worry … they 100% ARE terrified. The communists in NY just announced to the entire business community in NY that they will 100% confiscate your assets if you cross them. It is a function of risk. When the rule of law no longer protects the property rights of investors, it is no less dangerous than investing in communist China, or Dumbfuckistan. Time to relocate those dollars to safer waters.
hehe “Dumbfuckistan” Updoots for that :)
That's an insult to all Fuckistanis!
they could invest in BumFuckEgypt!!!
Wow. I didn’t think of that. I was thinking that developers are smart enough to know it was a political hit. Now I understand there could be more coming to cover their tracks. The scumbags could even be thinking they discovered a new tool for wealth confiscation and redistribution (amongst themselves).
EXACTLY!!! OVER THE TARGET!!!!
💯
I think you may have hit the nail on the head there fren. NY is not a very friendly business or investor climate.
I also wonder how many of those property investments are linked to imploding Chinese real estate developers and investment schemes? They may want to divest themselves before the house of cards starts to fall. Downtown LA is stuck with a huge Chinese rotten tail development project where the developer went bankrupt - Oceanwide Plaza. The taxpayers are going to end up paying the check for doing something with the eyesore. Chinese real estate development is in a tailspin and it reaches overseas. The decline has been evident for years, so smart investors have been decoupling before they get caught up in the tsunami of defaults and are left holding the bag - especially pension funds that in the past have held a significant share in Chinese equities.
No, it's now known they can prosecute and win for arbitrary and capricious reasons.
a. Enemy of the State? Lawfare, take your assets. This was Trump's "crime."
b. Political cover so they can delude themselves that their lawfare looks even-handed? Sure, that might be a concern.
c. Massive drop in tax revenues because dirty developers are extracting their assets from NY State/City? Make up charges so you can seize the assets before they depart.
Anything is on the table. Once a government loses its principles and becomes a petty dictatorship, even a "democratically elected" dictatorship, then no one is safe. Not even the ass-kissers.
Definitely a good point too. They may over compensate trying to gaslight people into believing it is not political.
F#$k them. i have family that lives in Manhattan and they are saying that Biden is dealing with the mess that Trump made. i can't hardly stand it. thankfully i hardly ever see them. i love them but this is so close to the red line that i'm really not ready for them to cross or me to cross, however it goes. i'm thinking they are the 4-6% Q talked about, that is how bad it is.
I also have some of those people. Biden could kill a bus load of babies on live TV and they would blame Trump. They are fucking bat shit crazy.
"Biden: Bang!
Trump, why did you do that?!"
Have family like that also, your not alone fren.
NY real estate is going to decline IMO due to illegals, gang members, cartel people etc.
Upstate NY real estate had been declining for years. No one wanted to pay the taxes on houses that were priced more than $350 (10k in taxes) especially In the area we finally left in 2014. And luckily we’re able to sell our home after being on the market for a couple of years.
It was bad upstate for years. Nobody moving in except Muslim refugees and welfare peeps coming up from NYC. And corporations and businesses were leaving in droves. Cities and towns became hovels of welfare recipients. Drugs and crime kept skyrocketing.
Now it’s NY City’s turn.
Sad. Upstate NY is really beautiful. Knew a family from Wells. The lakes and mountains are awesome. Can’t see a welfare boob shoveling snow though.
Wells is more "northern NY", than "upstate NY". The city people consider all the areas north of NYC, that are commutable to NYC, as "upstate".
Im in that "North of NYC" area and its still pretty, clean air and it doesn't smell like piss & shit infused with gasoline.
I'm not sure what you mean by "upstate". I have lived in Dutchess County for the past 25 years and it has steadily grown for the most part, and rapidly accelerated during covid, and continues to do well because of all the people fleeing NYC.
You’re still too close to NYC. I lived in Schenectady county.
and don't forget corrupt politics/politicians
Was "Escape From New York" a foreshadowing?
After Trump wins his appeal, he should get all his businesses out of NYC, sell the buildings/hotels and make sure to take everything that says Trump on it out of them first. Heck even tear down the buildings or make them unusable so the city doesn't take them and use them for illegals, you know darn well the city would love that.
All part of their plan.
Collectivist retards. Capitalism relies on ownership rights being preserved by the Rule of Law. It's risky to invest in Loser jurisdictions where capital can be capriciously confiscated by a handful of f*ckwits.
The dumbarses just put NY on the path to turning into another Detroit.
She looks more manly than big mike!
Karma Beotch.
What they did to Trump is proof that they are openly hostile to businesses. And left the door open for that to mean everyone, not just conservatives or Trump supporters.
u/#updoot
It would be so hilarious if NYC goes bankrupt between the Trump trial, and their funding of "migrants".
I love seeing the corrupt shitlibs who install themselves in America's greatest cities, shooting themselves and the idiot voters who support them - in the foot.
And once the divestment starts, it'll all happen in a rush, the money people are just another flock of sheep that will baa and go with the herd. No wonder the cabal have started the great sell-off. Is this the collapse of the fiat dollar happening? Is hyperinflation charging down the turnpike at ClownWorld?
Must get more popcorn.
I keep hearing how the square footage of his Trump Tower apartment was inflated as well. But I seem to remember from "The Art of the Deal" that he combined two or three of the top floors/units to make his unit, so it probably is 30,000 square feet.
The square footage was inflated. Search this document for
That's Trump's triplex apartment. The square footage is listed at 10,996.39.
https://www.documentcloud.org/documents/24025056-1994_document?responsive=1&title=1
Trump said so in his testimony. https://www.upi.com/Top_News/US/2023/11/06/trump-testifies-new-york-civil-fraud-trial/4541699268464/
Does Trump get a city property tax refund if it was over value?
Only if he used the same numbers on his tax returns and I think the evidence shows he did not.
Here's an article before the trial. https://www.palmbeachdailynews.com/story/news/2020/11/13/palm-beach-county-bills-trump-1-48-million-property-taxes/6276817002/
2020 property tax bill
2020 valuation
This is a few comments under & it it great
https://twitter.com/TonySeruga/status/1760441521348952166
. #BDSNYC
Tony Seruga, former CIA eh?
You know what they say about that.
Looks like the Big Banks will be victims after all! LOL