Value of Donald Trump's Properties Broken Down by Real Estate Developer

What this idiot fails to take into account is that MAL was declared a club "forever" to get substantial tax breaks. However, the orange criminal gets loans based on it being property that could be developed as residential. 2 sets of books in essence. Fraud.

 

LOL, James hates trump with the fiery passion of 1000 suns.

 

lol. Trumps “Brand” changes the value of land.

 

Trump tells his minions that Letitia James is the villain, and like clockwork, they start attacking her. They do everything daddy tells them to, no questions asked lol.

 

Funny how the Trump sympathizers are now expert real estate attorneys and tax professionals

 

Terrence Wall actually is a real estate developer. He's also a Republican politician and major Republican donor. Not exactly an objective analyst.
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So he figures they could charge $10-40 million per unit with 875 units on 17 acres? That's an awful lot of gazillionaires piled on top of one another.

 

Yep, this is the core of it.

 

He's paying property taxes on a property assessed at $18-27 million while valuing the property at $427-627 million in his financial statements. My $500,000 home would be assessed at less than $25K if I could get that kind of deal on my property taxes.

Mar-a-Lago - Wikipedia

As part of the New York civil investigation of the Trump Organization a New York court has found that from 2011 to 2021 Mar-a-Lago has been assessed by Palm Beach County as having a value from $18 million to $27.6 million, while at the same time Trump's financial statements has valued it from $427 million to $627 million

 

So, these same people that estimated the value of his properties are the reason why he's in court to begin with? Lol... New York is a scam state with scam laws...

 

Help me understand what this expert is saying because it seems crazy to me. He is arguing that, if anything, the property could be considered undervalued because of what could be built there? Is that like me buying a lot somewhere and saying I could have a 500K home on it and then claiming that $500k value on loans elsewhere even though the home does not exist?

And, how many condo's are really out there that sell for $20-40M in one location in Florida.

 

The state of New York is acting as if Trump himself is responsible for the valuation, that someone else gave, for his properties..

 

Was Rush Limbaugh's house one of 875 on 17 acres?

 

Can someone explain the potential condos, 50 to an acre. Is he talking about multistory high rise or townhome type?

 

Hmmmph. Brain teaser. Almost seems like a political prosecution, but that sort of thing never happens here in America.

 

It's not even close. Limbaugh had 2.7 acres with a 24,000 square foot palace on it. 2.7 acres for $155 million = $57 million per acre. The OP story says Trump's land is worth a minimum of $4.375 billion. 17.5 acres for $4.375 billion = $250 million per acre. But Limbaugh's acreage also comes with a 24,000 sf house on it. With Trump's acreage you'd have to demolish the building to build 875 condos on it.