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:
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Yah the bank that gave out the loan clearly has their own appraisers before they hand out loans and they were clearly in agreement with the value . Not to mention they got.reimbursed. with interest.
Well, it’s funny how he says they don’t even try to hide it because they said it was worth 18 million Donald Trump said it’s worth at least 1.2 to 1.5 billion which is really funny because Buckingham Palace cost 1 3 billion so you’re saying Mar-a-Lago is like Buckingham Palace
Another significant point is that trump valued the property as having the option to be developed. However, per the deed, he put that land into some conservation easement or something which prohibits any future development.
So basically it’s worth more when there is a potential to develop on the land, but since trump didn’t want anyone to develop on the land and wanted a bigger tax break, he put it into a designated land type that explicitly prohibits further development.
So what you have here is a classic case of trump shooting himself in the foot for more tax breaks. Oops.
"THE JUDGE DID NOT VALUE THE PROPERTY. That’s not his job.
Trump did, in signed documents, as well as the appraiser.
He intentionally defrauded the banks."
“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million. NYSCEF Doc. No. 905.
Notwithstanding, the SFCs' values do not reflect these land use restrictions. Donald Trump's SCs for 2011-2021 value Mar-a-Lago at between $426,529,614 million and $612,110,496, an overvaluation of at least 2,300%, compared to the assessor's appraisal.
NYSCEF Doc. Nos. 769-779.”
According to your friend Kyle Kulinski the 18m number came from Trump undervaluing his property to avoid taxes. So the judge was trolling him by basically quoting him back to himself.