I think it’s funny that you have confidence that their stance now will always be their stance. That property is located in one of the wealthiest zip codes in our country. I don’t think it’s a stretch to say it will be subdivided and sold as residential tracts one day.
It’s been in force for decades. Its future use will be as an underwater park. Today its value is 20M +/-. Sorry this make you sad…
But in terms of valuing the present value of the real estate, the deed restrictions that run with the land have to be considered. They cannot be ignored. And, didn’t Trump actually represent the Property to have a present value of $750,000,000, which was an unprecedented and unsustainable and unsupported valuation on any level?
One should immediately wonder what he provided the Saudis with to have this kind of financial relationship.
depends on who he’s talking to… https://www.meidastouch.com/news/trump-disputed-26m-mar-a-lago-valuation-as-too-high-in-2020
The big concern at MSNBC is what to call Trump Tower after Trump loses it. I would recommend "Loser Tower". It will still have a clear connection to Trump, yet does not glorify the former Idiot-in-Chief. Lawrence: What are they going to call Trump Tower if Donald Trump loses it?
The dems here laughing at Mar-A-Largo only being worth 20 million per some judge in NY who by the way, made this judgment without the case going to trial. Just bam slammed her hammer and made it so. This is scary that a judge can do this without any expert witnesses. There are much smaller properties close to Mar-A-Largo selling for well over 20 million. Even left-leaning Forbes estimated it over 300 million. By the way, the property appraiser's value is never the true market value. If you doubt that statement, go look up your property at your county property appraiser's website. Mine is about $250k off. Our country is for sure heading into dark times.
Dude this has been painstaking explained to your fellow Trumpaloons upthread. Please read before further embarrassing yourself. I understand you consume most of your news in ALL CAPS communiques from Truth Social. If it helps I can do the same for you here.
Facts, an understanding of law, none of that matters to them. Whether the judge erred by entering summary judgment will certainly be for the appellate court to decide, but the comment that “it is scary that a judge can do this” shows a complete lack of understanding of the way our civil justice system works.
If this is normal for such a case, then ill stand by my original comment that this is scary. If I understand what is going on, this potentially means Trumps parent company can no longer exist? All based on a judge who has no understanding of real estate in the state of Florida. Then again it is in NY and the judge has material out there showing her hate for Trump. No one should be shocked.
If I understand what is going on, this potentially means Trumps parent company can no longer exist? All based on a judge who has no understanding of real estate in the state of Florida. Then again it is in NY and the judge has material out there showing her hate for Trump. No one should be shocked.[/QUOTE] Maybe the judge had pull with the Property Appraiser AND Trump's company as well. LOL " In fact, the judge had cited Palm Beach County Property Appraiser valuations putting the property at between $18 million and $28 million, depending on the year, from 2011 to 2021. Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right. That year, the county valued Mar-a-Lago at $27 million." CBS News 9/28.23
I’m curious where you get the information for this post. I’m curious whether you know what information and law the judge based the summary judgment ruling on. Did you read the summary judgment motion papers/briefs and supporting material?
Sounds like the tax Assessor in Palm Beach County should raise the property taxes on Mar-a-Lago by about $18 million a year.
It's not uncommon for properties to be sold at a higher cost than what the tax appraiser says it is worth. Maybe 10% - 15%, with a high of 25% over the appraised number. That would put MAR maximum value of $35 million based on a $28 million appraisal. Trump valued MAR much, MUCH higher than this on several forms. As for the what the Judge is allowed to do, if the evidence is overwhelming, the judge can make a summary judgement. The evidence against Trump is this overwhelming in the NY fraud case. He literally kept two sets of books. One for the banks and one for the government tax collectors. What argument can Trump make to say this was normal, legal, and acceptable?
