Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!
  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

Trump's Troubles

Discussion in 'Too Hot for Swamp Gas' started by G8trGr8t, Feb 13, 2021.

  1. Gatorhead

    Gatorhead GC Hall of Fame

    18,128
    6,052
    3,313
    Apr 3, 2007
    Philadelphia

    I remember Charles, back when we had civil political discourse.
    That quote by him completely confirms everything I think about that evil imbecile.
     
    • Like Like x 1
    • Agree Agree x 1
    • Fistbump/Thanks! Fistbump/Thanks! x 1
  2. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    Great analysis in this Guardian article. Trump org faces inevitable financial doom. I think we can all agree this is a proper administration of justice long overdue.

    Trump’s business empire could collapse ‘like falling dominoes’ after ruling

    It would probably start with the sale of Trump’s most prestigious real estate assets, experts say, including Trump Tower in New York, golf courses and resorts around the US, and possibly his prized Mar-a-Lago club in Florida, if it is determined to be a business operation instead of his primary residential home.

    William Black, a white-collar criminologist, corporate fraud investigator and distinguished scholar in residence for financial regulation at the University of Minnesota law school, said: “In finance, once the dominoes start falling, it becomes basically impossible to save it.

    “These properties are even more damaged goods today because of the success in demonstrating they are massively overvalued. The most likely thing, if you get an honest agent or receiver, they’re going to sell the properties at a loss. And when you’ve got a whole bunch of properties, with the first one you just desperately need to get some action and that gets discounted the most.”

    I give Trump’s chances of prevailing on appeal at somewhere between zero and nothing except perhaps on some minor procedural point, which you can be sure Trump will describe as complete vindication.”
     
    • Fistbump/Thanks! Fistbump/Thanks! x 1
    • Optimistic Optimistic x 1
  3. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    You really don’t understand how this works. Bless your heart.
     
  4. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    • Like Like x 1
  5. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    • Funny Funny x 2
  6. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

    6,707
    1,374
    3,103
    Oct 11, 2011
    • Agree Agree x 1
  7. magnetofsnatch

    magnetofsnatch Rudy Ray Moore’s Idol Premium Member

    1,067
    290
    1,783
    Apr 10, 2020
    North Florida
    The value of that property is easily in excess of 250MM.
     
    • Funny Funny x 3
  8. citygator

    citygator VIP Member

    12,031
    2,628
    3,303
    Apr 3, 2007
    Charlotte
    Zillow: about $24M

    E1A4B0EA-6DC2-4C1F-8CE9-A62FE0F2E7DA.jpeg
     
    • Funny Funny x 1
  9. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    Fail! The value is much less because in an agreement that he reached with the City of Palm Beach to live there, he consented to an order in perpetuity that it’s only permissible use is as a private club. It only had 20M in revenue in 22 and my guess is it’s only slightly cash flow positive (if that). Applying a DCF valuation 20M seems reasonable.
     
    Last edited: Sep 27, 2023
    • Agree Agree x 5
    • Funny Funny x 1
  10. magnetofsnatch

    magnetofsnatch Rudy Ray Moore’s Idol Premium Member

    1,067
    290
    1,783
    Apr 10, 2020
    North Florida
    You two think honestly think that property is worth 25MM? The land itself is worth 100 million. You could demolish the structure and subdivide the property. I’m sure Palm Beach would love the additional tax base.
     
    • Agree Agree x 1
    • Funny Funny x 1
    • Optimistic Optimistic x 1
  11. G8trGr8t

    G8trGr8t Premium Member

    32,427
    12,163
    3,693
    Aug 26, 2008
    Are you aware of the binding agreements signed by trump that encumber the property?
     
    • Fistbump/Thanks! Fistbump/Thanks! x 1
    • Optimistic Optimistic x 1
  12. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    Can’t do it as I outlined above. I could put it in ALL CAPS if that would help you understand better.
     
    • Optimistic Optimistic x 1
  13. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    I don’t think he knows what that means.
     
  14. coleg

    coleg GC Hall of Fame

    1,858
    784
    1,903
    Sep 5, 2011
    The property is not zoned for subdivision and Palm Beach County is on record stating it won't ever be subdivided.
     
    • Agree Agree x 1
    • Funny Funny x 1
    • Winner Winner x 1
  15. magnetofsnatch

    magnetofsnatch Rudy Ray Moore’s Idol Premium Member

    1,067
    290
    1,783
    Apr 10, 2020
    North Florida
    I know what it means dipshit. Have you seen the agreement? Is it binding to his successors? If he sells the property is it binding to a new owner?
     
    • Funny Funny x 1
  16. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    Snatch thinks it’s funny I bet tRump doesn’t. VERY UNFAIR! is his likely quote.
     
  17. magnetofsnatch

    magnetofsnatch Rudy Ray Moore’s Idol Premium Member

    1,067
    290
    1,783
    Apr 10, 2020
    North Florida
    I’m sure local Palm Beach govt won’t ever change their minds.
     
    • Funny Funny x 1
  18. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    Nope yup yup
     
  19. Sohogator

    Sohogator GC Hall of Fame

    3,568
    576
    358
    Aug 22, 2012
    Please - no name calling.:(
     
  20. G8trGr8t

    G8trGr8t Premium Member

    32,427
    12,163
    3,693
    Aug 26, 2008
    @magnetofsnatch What is funny about that encumbrance? I do planning, zoning, engineering ffor development and write due diligence reports and that restriction is very clear
     
    • Agree Agree x 2