More proof the idiots who prosecuted Trump for allegedly overvaluing his home were the ones who massively undervalued the property

[mark francis]

It is a good thing Letitia James and her mob of leftist mobacrat lawfare soldiers have now dropped their stupid unjust case against President Trump.

https://www.washingtontimes.com/news/2024/dec/12/real-estate-boom-around-mar-lago-puts-spotlight-va/?utm_medium=subscriber&utm_source=Boomtrain&utm_campaign=morning&utm_content=paywall&utm_term=newsletter&bt_ee=B9TVRhfREcSgVX4MW9xrCeIjPfnglXvBZ3wtYYrmJsNx3SFlntH5HAVjSzzpIQYD&bt_ts=1734097228903

America's Newspaper

‘Trump bump’: Mar-a-Lago neighbors see properties skyrocket as N.Y. fraud case debates club’s worth​

President-elect Donald Trump listens during an America First Policy Institute gala at his Mar-a-Lago estate, Thursday, Nov. 14, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon) more >
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By Susan Ferrechio - The Washington Times - Thursday, December 12, 2024
President-elect Donald Trump’s Palm Beach neighbors are selling homes on tiny lots at or far above the $18 million value a New York judge declared his sprawling Mar-a-Lago resort is worth in a civil fraud case that fined him nearly a half-billion dollars.

The market in Mr. Trump’s neighborhood has exploded since the Nov. 5 election, and the rising home prices have made all the more glaring a New York judge’s declaration that Mr. Trump’s 17-acre “lake to ocean” resort is worth a mere $18 million.

“It makes no sense. Even if they came in and said it was worth $500 million, it would make no sense. At $1 billion, people would still be scratching their heads,” said Adam McPherson, executive director of luxury sales for Douglas Elliman Real Estate in Palm Beach.

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On Tuesday, New York Attorney General Letitia James announced she would not drop the civil case against Mr. Trump.

In February, Mr. Trump and his sons Don Jr. and Eric were found liable for fraud in a lawsuit brought by Ms. James and overseen by Manhattan Supreme Court Judge Arthur Engoron. The judge ruled that the Trumps inflated their net worth to secure optimal loan deals. Mr. Trump was ordered to pay $454 million plus interest.

Judge Engoron ruled that Mr. Trump overstated the value of Mar-a-Lago by 2,300%. He based his claim on Palm Beach County’s assessment of the resort’s value at $18 million to $27.6 million over 10 years. Mr. Trump had valued the property at $429 million to $1.5 billion.

Real estate experts have almost unanimously declared that the tax assessment does not accurately represent the value of Mar-a-Lago and that it’s not easy to price the unique property.

“I tell my clients that the tax assessment is not a real indicator of value,” said Dina Goldentayer, an expert in the luxury real estate market and executive director of sales for Douglas Elliman. “It’s an unsophisticated position. It can’t take into consideration certain things like view or positioning next to a main road. The tax assessor’s office would be the least reliable assessment, in my professional opinion, of evaluating homes.”

Mr. Trump’s election victory, some agents say, has energized the real estate market on the exclusive island, where neighbors with oceanfront homes have turned down offers as high as $250 million from Amazon founder Jeff Bezos.

 

[Randomguy]

It is a good thing Letitia James and her mob of leftist mobacrat lawfare soldiers have now dropped their stupid unjust case against President Trump.

https://www.washingtontimes.com/news/2024/dec/12/real-estate-boom-around-mar-lago-puts-spotlight-va/?utm_medium=subscriber&utm_source=Boomtrain&utm_campaign=morning&utm_content=paywall&utm_term=newsletter&bt_ee=B9TVRhfREcSgVX4MW9xrCeIjPfnglXvBZ3wtYYrmJsNx3SFlntH5HAVjSzzpIQYD&bt_ts=1734097228903

America's Newspaper

‘Trump bump’: Mar-a-Lago neighbors see properties skyrocket as N.Y. fraud case debates club’s worth​

President-elect Donald Trump listens during an America First Policy Institute gala at his Mar-a-Lago estate, Thursday, Nov. 14, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon) more >
Print
By Susan Ferrechio - The Washington Times - Thursday, December 12, 2024
President-elect Donald Trump’s Palm Beach neighbors are selling homes on tiny lots at or far above the $18 million value a New York judge declared his sprawling Mar-a-Lago resort is worth in a civil fraud case that fined him nearly a half-billion dollars.

The market in Mr. Trump’s neighborhood has exploded since the Nov. 5 election, and the rising home prices have made all the more glaring a New York judge’s declaration that Mr. Trump’s 17-acre “lake to ocean” resort is worth a mere $18 million.

“It makes no sense. Even if they came in and said it was worth $500 million, it would make no sense. At $1 billion, people would still be scratching their heads,” said Adam McPherson, executive director of luxury sales for Douglas Elliman Real Estate in Palm Beach.

---

On Tuesday, New York Attorney General Letitia James announced she would not drop the civil case against Mr. Trump.

In February, Mr. Trump and his sons Don Jr. and Eric were found liable for fraud in a lawsuit brought by Ms. James and overseen by Manhattan Supreme Court Judge Arthur Engoron. The judge ruled that the Trumps inflated their net worth to secure optimal loan deals. Mr. Trump was ordered to pay $454 million plus interest.

Judge Engoron ruled that Mr. Trump overstated the value of Mar-a-Lago by 2,300%. He based his claim on Palm Beach County’s assessment of the resort’s value at $18 million to $27.6 million over 10 years. Mr. Trump had valued the property at $429 million to $1.5 billion.

Real estate experts have almost unanimously declared that the tax assessment does not accurately represent the value of Mar-a-Lago and that it’s not easy to price the unique property.

“I tell my clients that the tax assessment is not a real indicator of value,” said Dina Goldentayer, an expert in the luxury real estate market and executive director of sales for Douglas Elliman. “It’s an unsophisticated position. It can’t take into consideration certain things like view or positioning next to a main road. The tax assessor’s office would be the least reliable assessment, in my professional opinion, of evaluating homes.”

Mr. Trump’s election victory, some agents say, has energized the real estate market on the exclusive island, where neighbors with oceanfront homes have turned down offers as high as $250 million from Amazon founder Jeff Bezos.

From you own post:

“The market in Mr. Trump’s neighborhood has exploded since the Nov. 5 election,”

When did the judge rule?

There is a famous saying from a prominent person: ”I cannot tell a lie.”

With you it should be “I cannot tell a truth.”

You lie ALL THE TIME. the sign that you have lied is when you open your mouth.

 

[mark francis]

From you own post:

“The market in Mr. Trump’s neighborhood has exploded since the Nov. 5 election,”

When did the judge rule?

There is a famous saying from a prominent person: ”I cannot tell a lie.”

With you it should be “I cannot tell a truth.”

You lie ALL THE TIME. the sign that you have lied is when you open your mouth.

The corrupt judge was wildly wrong in his stupid attempt to assess the value of Trump's property. Letitia James was wise to back up from her wild effort to prosecute Trump and illegally seize his assets for herself and her democrat mobster pals.

 

[Randomguy]

The corrupt judge was wildly wrong in his stupid attempt to assess the value of Trump's property. Letitia James was wise to back up from her wild effort to prosecute Trump and illegally seize his assets for herself and her democrat mobster pals.

But the evidence you provided in support of your claim blew up in your face. Next time do a little reading before regurgitating the crap the rightwing Christian media feed you.

Every rime you are exposed for the conniving liar that you are, you change the table and blame others, in this case the judge. You are dishonest and anti American to the core.

 

[mark francis]

But the evidence you provided in support of your claim blew up in your face. Next time do a little reading before regurgitating the crap the rightwing Christian media feed you.

Every rime you are exposed for the conniving liar that you are, you change the table and blame others, in this case the judge. You are dishonest and anti American to the core.

Are you trying to say the NY Democrat judge was right about Trump's property values and Trump and FL real estate agents were wrong?

 

[Randomguy]

Are you trying to say the NY Democrat judge was right about Trump's property values and Trump and FL real estate agents were wrong?

This is your mo. When caught you change the subject and add an inane question.

Here, respond to this directly:

From you own post:

“The market in Mr. Trump’s neighborhood has exploded since the Nov. 5 election,”

When did the judge rule?

There is a famous saying from a prominent person: ”I cannot tell a lie.”

With you it should be “I cannot tell a truth.”

You lie ALL THE TIME. the sign that you have lied is when you open your mouth.

 

[mark francis]

This is your mo. When caught you change the subject and add an inane question.

Here, respond to this directly:

From you own post:

“The market in Mr. Trump’s neighborhood has exploded since the Nov. 5 election,”

When did the judge rule?

There is a famous saying from a prominent person: ”I cannot tell a lie.”

With you it should be “I cannot tell a truth.”

You lie ALL THE TIME. the sign that you have lied is when you open your mouth.

Wrong answer. The demented leftist democrat cultist NY judge was wrong about FL property values and proper interpretations of the US Constitution before Trump was tried and he is still wrong today.

 

[Randomguy]

Wrong answer. The demented leftist democrat cultist NY judge was wrong about FL property values and proper interpretations of the US Constitution before Trump was tried and he is still wrong today.

Of course any time a court rules opposite you, you wave your arm and declare the judge was wrong. You are anti american

 

[mark francis]

Of course any time a court rules opposite you, you wave your arm and declare the judge was wrong. You are anti american

Not true. Nevertheless, your hateful blanket accusations still do not prove the leftist Trump-hating NY democrat judge was right about FL property values and all professional property evaluators in FL were wrong.

 

[Randomguy]

Not true. Nevertheless, your hateful blanket accusations still do not prove the leftist Trump-hating NY democrat judge was right about FL property values and all professional property evaluators in FL were wrong.

You speak from both sides of your mouth.

 

[mark francis]

You speak from both sides of your mouth.

Here are more purported facts:

New YorkCNN Business —
A New York judge ruled last week that former President Donald Trump inflated the value of his Mar-a-Lago estate by an eye-popping 2,300%.

That finding, part of shocking ruling that found Trump and his adult sons liable for fraud, was just one of multiple examples in which Judge Arthur Engoron found the Trump real estate empire to have been grossly inflated in value.

But the Mar-a-Lago finding in particular is raising eyebrows among real estate and legal experts because of the metric Judge Engoron relied on: the county tax assessor’s appraisal value.

“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in his ruling.

The judge noted Trump valued Mar-a-Lago at between $426.5 million and $612 million, “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”

But it’s widely known that the tax assessor valuation is typically, though not always, less than what a property would command on the open market.

In other words, it’s not an apples-to-apples comparison.

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“Appraisal values and market values are just not the same thing. It’s a well-known fact,” said Eli Beracha, chair of the school of real estate at Florida International University. “That’s especially true for properties that are unique. And it’s very easy to argue this is a unique property.”

Dina Goldentayer, executive director of sales at Douglas Elliman in South Florida, said in her experience in the ultra-luxury marketplace the tax assessor’s valuation isn’t considered when trying to value a property.

“He wouldn’t make a very good realtor,” Goldentayer said of the judge. “It’s so widely known that it’s not an accurate determination of market value.”

 

[Boris Norris]

The corrupt judge was wildly wrong in his stupid attempt to assess the value of Trump's property. Letitia James was wise to back up from her wild effort to prosecute Trump and illegally seize his assets for herself and her democrat mobster pals.

It's always a corrupt judge. How coincidental.

 

[mark francis]

It's always a corrupt judge. How coincidental.

Maybe the new wave of US consciousness will result in many crooked judges being removed from the bench.

 

[Gabriel_Bell]

Trump wants to appoint crooked judges that are loyal to him. Shitshizpants is the most corrupt bastard that has ever been in the White House. He should have been tried, found guilty and thrown into prison long ago.

 

[mark francis]

Trump wants to appoint crooked judges that are loyal to him. Shitshizpants is the most corrupt bastard that has ever been in the White House. He should have been tried, found guilty and thrown into prison long ago.

Lefties tried to arrest Trump and throw him in prison on bosus charges for years before resorting to the failed assassination attempt. It is the democrat party left that is producing the most corrupt, deranged and violent psychopaths on the national stage today.