Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 Just now, ArcticCrusher said: It's a no brain 10% annual return. Perhaps you should just shut the fuck up. that's far from an expert answer Gary... Just now, ArcticCrusher said: Well a lot more than the judge is claiming. put a number on it... or is this like the 81 million? property valuation business valuation show me your mad skills, or maybe it's you who should shut the fuck up. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 8, 2023 Share Posted November 8, 2023 3 minutes ago, ArcticCrusher said: Well a lot more than the judge is claiming. I think the point is lost when you even have to have this debate, and not the fact that its a lawsuit without any actual damages or complaint by an aggrieved party. Banks are responsible for vetting these disclosures and Trump was responsible for paying the loans back, which he did in full. c2c thinks he's playing gotcha, when his entire body has gone down this rabbit hole over valuations. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 8, 2023 Share Posted November 8, 2023 4 minutes ago, Crnr2Crnr said: that's far from an expert answer Gary... put a number on it... or is this like the 81 million? property valuation business valuation show me your mad skills, or maybe it's you who should shut the fuck up. Ray epps was not a Trump supporter. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 Just now, DriftBusta said: I think the point is lost when you even have to have this debate, and not the fact that its a lawsuit without any actual damages or complaint by an aggrieved party. Banks are responsible for vetting these disclosures and Trump was responsible for paying the loans back, which he did in full. c2c thinks he's playing gotcha, when his entire body has gone down this rabbit hole over valuations. LMFAO, it's just another one of his braggadocios lies I'm getting a laugh from. Trump lies const, and the gullible buy his PT Barnum bs Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 Just now, ArcticCrusher said: Ray epps was not a Trump supporter. not even an effort... gawd your weak Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 8, 2023 Share Posted November 8, 2023 1 minute ago, Crnr2Crnr said: LMFAO, it's just another one of his braggadocios lies I'm getting a laugh from. Trump lies const, and the gullible buy his PT Barnum bs The point is, why should I or anyone else give a sweet fuck? You surely are invested in it. Like I said, "useful idiot". You ever have to take a large construction or business loan? You are aware that the banks bear their own responsibility when it comes to vetting collateral values claimed by the loan applicant, right? Large loan >$1,000,000.00? Yes or no. Quote Link to comment Share on other sites More sharing options...
akvanden Posted November 8, 2023 Share Posted November 8, 2023 15 minutes ago, DriftBusta said: ESG investments? Good luck. I know, right? I irony of bashing it while supporting an investment firm (that says they specialize in clean energy investments in their tagline) through your management fees. Like you said, putting your money where your mouth is. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 2 minutes ago, DriftBusta said: The point is, why should I or anyone else give a sweet fuck? You surely are invested in it. Like I said, "useful idiot". You ever have to take a large construction or business loan? You are aware that the banks bear their own responsibility when it comes to vetting collateral values claimed by the loan applicant, right? Large loan >$1,000,000.00? Yes or no. Nope... no need to. How about you, ever borrowed a million? Quote Link to comment Share on other sites More sharing options...
old indy Posted November 8, 2023 Share Posted November 8, 2023 23 hours ago, Mainecat said: Look at all the Trump apologists here. He broke the law over and over. He belongs in fuckin jail. Once aGAIN, i will ask you to post the statutes that define the laws you say he broke. Just like Hawley told that creepy chick trying to convince congress of her crazy ideas,, saying the same thing over and over wont make them come true , no matter how much you think i will. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 8, 2023 Share Posted November 8, 2023 4 minutes ago, Crnr2Crnr said: Nope... no need to. How about you, ever borrowed a million? Yup Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 5 minutes ago, DriftBusta said: Yup you borrowed a million+ for your business or... ? Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 8, 2023 Share Posted November 8, 2023 5 minutes ago, Crnr2Crnr said: you borrowed a million+ for your business or... ? Rental properties. I've taken several large business and RE loans over the years. Its why I think this lawsuit is such horse shit. It is nothing more than a political persecution. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 8, 2023 Share Posted November 8, 2023 29 minutes ago, Crnr2Crnr said: Nope... no need to. How about you, ever borrowed a million? Yup. 1 Quote Link to comment Share on other sites More sharing options...
airflite1 Posted November 8, 2023 Share Posted November 8, 2023 1 hour ago, Crnr2Crnr said: that's far from an expert answer Gary... put a number on it... or is this like the 81 million? property valuation business valuation show me your mad skills, or maybe it's you who should shut the fuck up. the number is what buyers and sellers put on it, in this case the monetary value with none of the income figured in appears to be at least 1/2 billion dollars, with the income on top of that which Mar-a-Lago generates, to Trump (and it appears to real-estate investors from the area) that it would take over 1 Billion before he would even consider selling it. So what's the wrong value 19 million (which is a joke) or 1 billion? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 8, 2023 Platinum Contributing Member Share Posted November 8, 2023 1 hour ago, Crnr2Crnr said: well, what's it worth? I at least did a little research and the consensus sure the fuck isn't a billion dollars And I posted a link that said it could be. Neither of us are right...neither of us are wrong. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 8, 2023 Platinum Contributing Member Share Posted November 8, 2023 (edited) 14 hours ago, Crnr2Crnr said: Longtime Trump Organization controller Jeff McConney continued to value Trump's Mar-a-Lago Club in excess of $500 million -- on the basis that the property could be sold as private residences -- despite knowing that Trump has signed a deed in 2002 with the National Trust for Historic Preservation exclusively limiting the property to being used as a club. "Mr. Trump had deeded away his rights to use the property for any purpose other than a social club," state attorney Andrew Amer said while questioning McConney, who initially claimed he was unaware of the requirement but subsequently testified that he was aware of the 2002 deed. Despite the requirement, McConney -- according to Trump's financial statements -- valued Mar-a-Lago as if the property could be sold as individual residences, every year that he oversaw the statements, between 2011 and 2017. https://abcnews.go.com/US/live-updates/trump-fraud-trial/?id=103642561#103789007 this one is funny... In 2020, Donald Trump appealed a $26.6 million valuation of Mar-A-Lago by the Palm Beach County Tax Assessor as being too high. Trump repeatedly sought the lowest possible valuations of Mar-A-Lago in appraisals since the day he acquired it. Why would Donald Trump argue that the valuation of $26.6 million was too high? The answer is simple and is at the heart of New York Attorney General Letitia James civil Fraud lawsuit. The essential allegations of the New York AG civil lawsuit are that Donald Trump would fight for very low valuations of his properties to dodge taxes and then fraudulently inflate the valuations of the same properties on his statements of financial conditions to get favorable loans. Take Mar-A-Lago, for example. When the Palm Beach County Tax Assessor applied a $26.6 million valuation in 2020, Trump argued the property was valued at far less as he had always done with that property. The Mar-A-Lago property is encumbered with a “trust for historical preservation” in a 2002 deed where Trump agreed “to forever extinguish his right to develop or use the Property for any purpose other than club use.” The 2002 Deed also specifically "limits changes to the Property including, without limitation, the division or subdivision of the Property for any purpose, including use as single family homes, the interior renovation of the mansion, which may be necessary and desirable for the sale of the Property as a single family residential estate, the construction of new buildings and the obstruction of open vistas." Id. As Judge Engoron explained in his summary judgment order: “In exchange for granting the easement, Mar-a-Lago was taxed at a significantly lower rate (the club rate) than it otherwise would have been (the private home rate).” So when Donald Trump, or Eric, or Don Jr. whine that the valuation of the property is higher than the tax assessment, they are admitting to the fraud they are accused of. They fought for the lower valuations to pay less taxes. By claiming the property is valued at $1.8 billion would, given a slightly less than 1 percent property tax rate in Florida, the Trumps could owe approximately $15-18 million a year in property taxes instead of the fraction of that was paid. enjoy the partisan link https://www.meidastouch.com/news/trump-disputed-26m-mar-a-lago-valuation-as-too-high-in-2020 This one you are wrong on bringing up county tax assessments. Holy shit do you have any idea the difference between county assessments and real world value? My insurance company every 5 years sends someone to valuate my home to make sure I'm not over insuring it. This year they made me increase the value by 22%. That valuation is 5x's what the county assess its value. That is just the structure they are way off on not to mention the acreage. Often counties do that. Low valuation and charge higher tax rates. This way when they increase the value the higher rate is already there. We are talking about a one of a kind property in one of the highest value real estate markets in the world. Its very difficult to put a value on something like that. Edited November 8, 2023 by Highmark Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 1 hour ago, DriftBusta said: Rental properties. I've taken several large business and RE loans over the years. Its why I think this lawsuit is such horse shit. It is nothing more than a political persecution. how did you collaterize the loan? was there an appraisal performed? did you inflate the value of the collateral to get a more favorable loan rate? 57 minutes ago, ArcticCrusher said: Yup. 24 minutes ago, airflite1 said: the number is what buyers and sellers put on it, in this case the monetary value with none of the income figured in appears to be at least 1/2 billion dollars, with the income on top of that which Mar-a-Lago generates, to Trump (and it appears to real-estate investors from the area) that it would take over 1 Billion before he would even consider selling it. So what's the wrong value 19 million (which is a joke) or 1 billion? if he was utilizing the physical property to collaterize the loans he was seeking, then as shown above the valuation his bean counters slapped on it was $500M... correct? 23 minutes ago, Highmark said: And I posted a link that said it could be. Neither of us are right...neither of us are wrong. of course I'm right, I'm always right... Quote Link to comment Share on other sites More sharing options...
Guest Posted November 8, 2023 Share Posted November 8, 2023 I sincerely hope that Trump loses everything. Thus forcing Ivanka into the porn industry to make a living. It would truly be the best gift any Trump ever gave to the world. A lesbian scene with Mia Khalifa may just lead to world peace. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 40 minutes ago, Highmark said: This one you are wrong on bringing up county tax assessments. Holy shit do you have any idea the difference between county assessments and real world value? My insurance company every 5 years sends someone to valuate my home to make sure I'm not over insuring it. This year they made me increase the value by 22%. That valuation is 5x's what the county assess its value. That is just the structure they are way off on not to mention the acreage. Often counties do that. Low valuation and charge higher tax rates. This way when they increase the value the higher rate is already there. We are talking about a one of a kind property in one of the highest value real estate markets in the world. Its very difficult to put a value on something like that. I brought it as it's an interesting contradiction in relation to the claimed valuation of the property. On one hand Trump is telling the assessors it's not worth $26.6B while he's telling the bank it's worth $500M and telling you it's worth a billion plus. you don't see any humor in that? I certainly do. of course I know the difference between tax assessed value and market value... seems like his property is far undervalued on the assessors side and should be taxed much much more... on let's say $320 million annually. don't get me started on mill rates... Wisconsin's are high. Quote Link to comment Share on other sites More sharing options...
airflite1 Posted November 8, 2023 Share Posted November 8, 2023 21 minutes ago, Crnr2Crnr said: how did you collaterize the loan? was there an appraisal performed? did you inflate the value of the collateral to get a more favorable loan rate? if he was utilizing the physical property to collaterize the loans he was seeking, then as shown above the valuation his bean counters slapped on it was $500M... correct? of course I'm right, I'm always right... So what you're saying is Trumps assessors stated it was worth $500M for collateral, the judge is saying 19M. (which would be the legal aspect in question) but Trump states it's worth at least $1B to him, which would be the figure it would take before he would consider selling (his personal value it appears wasn't the value assigned for collateral) ? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted November 8, 2023 Platinum Contributing Member Share Posted November 8, 2023 14 minutes ago, Crnr2Crnr said: I brought it as it's an interesting contradiction in relation to the claimed valuation of the property. On one hand Trump is telling the assessors it's not worth $26.6B while he's telling the bank it's worth $500M and telling you it's worth a billion plus. you don't see any humor in that? I certainly do. of course I know the difference between tax assessed value and market value... seems like his property is far undervalued on the assessors side and should be taxed much much more... on let's say $320 million annually. don't get me started on mill rates... Wisconsin's are high. Not in the slightest because anyone with a brain knows this goes on to some extent with virtually every property. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 3 minutes ago, airflite1 said: So what you're saying is Trumps assessors stated it was worth $500M for collateral, the judge is saying 19M. (which would be the legal aspect in question) but Trump states it's worth at least $1B to him, which would be the figure it would take before he would consider selling (his personal value it appears wasn't the value assigned for collateral) ? it appears that way doesn't it? The judges valuation based upon tax assessed value is whack a/f but I'm here to dispute Trump's ego driven public $1B+ malarkey Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 18 minutes ago, Highmark said: Not in the slightest because anyone with a brain knows this goes on to some extent with virtually every property. so... what's that shit hole and former top secret document storage unit worth? Quote Link to comment Share on other sites More sharing options...
toslow Posted November 8, 2023 Share Posted November 8, 2023 2 minutes ago, Crnr2Crnr said: so... what's that shit hole and former top secret document storage unit worth? You seem to be the asshole invested in it. Figure it out 👍 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted November 8, 2023 Share Posted November 8, 2023 2 minutes ago, toslow said: You seem to be the asshole invested in it. Figure it out 👍 this entire conversation must be very confusing for you... Quote Link to comment Share on other sites More sharing options...
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