Taken from JRE #2043 w/Francis Foster & Konstantin Kisin from Triggernometry:
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Taken from JRE #2043 w/Francis Foster & Konstantin Kisin from Triggernometry:
Video Source
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The issue is he cant sell the property as a house. However, $18mn is an absurd property value too. He'd probably get $300-500mn in reality if the club makes good money. If the club loses money, its value would go down
Mar-a-Lago is deed restricted. It can’t be developed in any way. Not only that it has to be used as a private club. That’s why it’s valued the way it is. And of course our dumbest president ever acts like he doesn’t know.
It was listed for $20mil in 1981. The only property in America that’s worth less than it was in 1981
MY FIRST VOTE EVER WILL BE DONALD J TRUMP SWEAR
Banks don't stay in business taking a customers word for the value of an asset. They get independent approved appraisers to place valuations on property.