I remember Charles, back when we had civil political discourse. That quote by him completely confirms everything I think about that evil imbecile.
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.”
This is everyone refers to Eric as the “stupid” son. ‘Good Luck With Your New Tax Bill’: Eric Trump Slammed For Declaring Mar-a-Lago Is ‘Speculated’ to Be Worth Over $1 Billion
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.
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.
Can’t do it as I outlined above. I could put it in ALL CAPS if that would help you understand better.
The property is not zoned for subdivision and Palm Beach County is on record stating it won't ever be subdivided.
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?
@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
