‘Mr. Wonderful’ slams Trump ruling: ‘You might as well find guilty every real estate developer on Earth’

[Lesh]

Trump admitted to the one factual defect, the square footage thing. Meanwhile it still didn't impact the successful repayment of the loan.

It’s a lot easier to pay back a loan when you get “favorable “ terms

 

[BULLDOG]

It depends. In America it used to be a damaged Party would file a motion; in Progressive run localities, it’s Stalinist “show me the Bad Orange Man, I’ll show you the crime”

Progressives always LOVE and ADMIRE Fascism, until it’s directed at them

That's not what I asked. I asked how YOU think our courts should decide who is charged.

 

[Nuthin' Fancy]

It wasn't overvaluing, it was assuming less risk of defaults.

Now you sound like Trump.

 

[martybegan]

It’s a lot easier to pay back a loan when you get “favorable “ terms

So what?

No one lost any money, no one was defrauded.

 

[martybegan]

Now you sound like Trump.

No, I sound like someone who understands what happened in 2008, unlike you.

 

[OldFlame]

You’re going to make this difficult I can see. All you have is tautology.

Is what someone is willing to pay based on facts of the property? Like square footage or location, etc?

Have you ever purchased a property or sold one?

 

[Marener]

Market value includes the potential of the property for development.

It's why 1/2 an acre in NYC is worth far more than 1/2 an acre in an upstate NY county.

Current market value.

Would you pay more for a property that had 7 mansions built on it or no mansions built on it?

 

[Nostra]

They were listing the current market value, so tell me what you think the claim was.

You tell us, with a link. You brought it up, Simp.

 

[Nostra]

Have you ever purchased a property or sold one?

Obviously not.

 

[Marener]

Have you ever purchased a property or sold one?

Of course.

I’ve gotten a mortgage too and when I did, I made damn sure to be fully accurate on the paperwork.

But I guess that wasn’t necessary.

 

[martybegan]

Current market value.

Would you pay more for a property that had 7 mansions built on it or no mansions built on it?

In NYC it depends if you plan on tearing down those "mansions" to build 50 unit apartments.

Once again showing market value depends on what is planned for the property, not just what is on the property.

 

[Marener]

No, not correct. You will learn that when this case is appealed, since trials and courts are all that you give any credence to.

Really? So you think businesses are allowed to lie to banks?

I don’t think that’s true. I sure hope it isn’t.

 

[hadit]

I don’t really have a problem with government trying to reduce banking fraud. Seems like ignoring that has led to problems for us in the past.

Literally admitting on record that they're only going after TRUMP! is going to be a problem when trying to uphold this.

 

[Nostra]

Current market value.

Would you pay more for a property that had 7 mansions built on it or no mansions built on it?

One guy might pay more for the first, another for the second.

This is where opinions factor in, Simp.

 

[hadit]

Of course.

I’ve gotten a mortgage too and when I did, I made damn sure to be fully accurate on the paperwork.

But I guess that wasn’t necessary.

Did you submit the value of the property yourself?

 

[OldFlame]

Demand, other properties nearby market value, all variable numbers.

What marener likes to do is control the narrative, she takes things down a nonsensical path where she thinks she can 'win' points, but really have no bearing on the subject being discussed. Getting into the details of how appraisals work is just her mucking up the water so she can avoid the actual topic. How appraisals work has nothing to do with this case. And on top of that, she knows little to nothing about the topic, but acts like she is an expert. She does this in just about every thread, which is why I typically never respond to her posts, it's a complete waste of time.

 

[Nuthin' Fancy]

No, I sound like someone who understands what happened in 2008, unlike you.

"It wasn't overvaluing, it was assuming less risk of defaults".

But DEFAULT is exactly what happened, numbnuts.

The Fuel That Fed the Subprime Meltdown​

Investopedia
https://www.investopedia.com › ... › Macroeconomics
During the subprime mortgage crisis, widespread defaults from subprime borrowers led to the collapse of the housing market, causing disaster for banks that ...

 

[Marener]

In NYC it depends if you plan on tearing down those "mansions" to build 50 unit apartments.

Once again showing market value depends on what is planned for the property, not just what is on the property.

God, you really are desperate to avoid reality.

So you’re trying to say that the presence of 7 mansions is irrelevant to the current market value of the property?

 

[Marener]

Literally admitting on record that they're only going after TRUMP! is going to be a problem when trying to uphold this.

Who said that?

 

[martybegan]

"It wasn't overvaluing, it was assuming less risk of defaults".

But DEFAULT is exactly what happened, numbnuts.

The Fuel That Fed the Subprime Meltdown​

View attachment 906027
Investopedia
https://www.investopedia.com › ... › Macroeconomics
During the subprime mortgage crisis, widespread defaults from subprime borrowers led to the collapse of the housing market, causing disaster for banks that ...

because of the taking on of higher risks by the lenders.