So on Monday Letitia James can grab Trump's empire? (Poll)

[kyzr]

Does the empty lot have significant property restrictions?

Irrelevant. We're debating about the difference of hundreds of millions of dollars. Property restrictions can be changed, zoning can be changed, the 17 acres with an exclusive structure is extremely valuable. The property was listed for $20m in 1981. Factor what property values there have done since 1981.

 

[Care4all]

1. Zoning can be changed.
2. An empty lot adjacent to MAL is listed at $250,000,000
3. MAL was listed at $20m in 1981, property values skyrocketed since then, duh.

Nope, the zoning can't be changed...it is a Deed Restriction....Trump signed that away....for his humongous property tax break each year for the past 20 years.

He can't add guest rooms to the place either, he can't make it larger either, and never again can it be a private estate to sell as a mansion.

That drastically changes its worth, and why he was taxed at a much lower amount than if it were a private mansion estate.

 

[WorldWatcher]

Irrelevant. We're debating about the difference of hundreds of millions of dollars. Property restrictions can be changed, zoning can be changed, the 17 acres with an exclusive structure is extremely valuable. The property was listed for $20m in 1981. Factor what property values there have done since 1981.

Actually the commercial zoning and deed restrictions are very relevant. As they are a downward pressures on current value as compared to unrestricted residential property in the area.

So ya, at some point in time:

• Rezoning from commercial to residential can happen,
• Deed restrictions on subdividing lots could be lifted,
• Deed restrictions on new construction and major architectural changes could be lifted,
• Removal from historic trusts and landmark designations could be revoked,
• etc.

But those could, possibly, maybe affect FUTURE market value. They cannot be factored into CURRENT market value on legal documents.

WW

 

[22lcidw]

Does the empty lot have significant property restrictions?

Progs spout enter the 21st century evolved. Letitia is 20000 b.c.

 

[22lcidw]

Nope, the zoning can't be changed...it is a Deed Restriction....Trump signed that away....for his humongous property tax break each year for the past 20 years.

He can't add guest rooms to the place either, he can't make it larger either, and never again can it be a private estate to sell as a mansion.

That drastically changes its worth, and why he was taxed at a much lower amount than if it were a private mansion estate.

Joe the chameleon.

 

[kyzr]

Nope, the zoning can't be changed...it is a Deed Restriction....Trump signed that away....for his humongous property tax break each year for the past 20 years.
He can't add guest rooms to the place either, he can't make it larger either, and never again can it be a private estate to sell as a mansion.
That drastically changes its worth, and why he was taxed at a much lower amount than if it were a private mansion estate.

You can't ignore the fact that an empty 2-acre lot next door is worth $250,000,000.
Saying MAL is still worth what it was in 1981 is ridiculous.

 

[WorldWatcher]

Nope, the zoning can't be changed...it is a Deed Restriction....Trump signed that away....for his humongous property tax break each year for the past 20 years.

He can't add guest rooms to the place either, he can't make it larger either, and never again can it be a private estate to sell as a mansion.

That drastically changes its worth, and why he was taxed at a much lower amount than if it were a private mansion estate.

Actually the zoning could be changed from Commercial to Residential - which doesn't change the other restrictions barring subdivision and sale of lots, construction limitations, and maintenance of the current architectural style.

It was Residential before, it could be Residential again.

However to do that he would have to close MAL as a Country Club and forgo the income that is generates (such as $200,000 each memberships, hotel charges, restaurant charges, revenue from holding grand events, etc.)

WW

 

[kyzr]

Actually the commercial zoning and deed restrictions are very relevant. As they are a downward pressures on current value as compared to unrestricted residential property in the area. So ya, at some point in time:

• Rezoning from commercial to residential can happen,
• Deed restrictions on subdividing lots could be lifted,
• Deed restrictions on new construction and major architectural changes could be lifted,
• Removal from historic trusts and landmark designations could be revoked,
• etc.

But those could, possibly, maybe affect FUTURE market value. They cannot be factored into CURRENT market value on legal documents.

WW

My point being that saying MAL is only worth what it was in 1981 is ridiculous, even with the CURRENT deed restrictions.

 

[WorldWatcher]

You can't ignore the fact that an empty 2-acre lot next door is worth $250,000,000.
Saying MAL is still worth what it was in 1981 is ridiculous.

When comparing apples (commercial deed restricted) to oranges (residential no restrictions), ya you can.

Yes the residential lots in the area will have an upward impact, but they are not a direct comparison.

WW

 

[WorldWatcher]

My point being that saying MAL is only worth what it was in 1981 is ridiculous, even with the CURRENT deed restrictions.

The judge never said that MAL today is worth what it was in 1981.

WW

 

[wamose]

This is everything but fair. What if Trump puts up real estate and overvalues it? Will fat ass bring more charges? This whole thing is as bad as it can get, even in Russia or China. Disbar James for election tampering. MAGA

 

[SeaMajor7]

Keep digging your graves, Democrats..........

edit to add: That's a metaphor, you idiots.

 

[Marener]

Irrelevant. We're debating about the difference of hundreds of millions of dollars. Property restrictions can be changed, zoning can be changed, the 17 acres with an exclusive structure is extremely valuable. The property was listed for $20m in 1981. Factor what property values there have done since 1981.

Current market value means the value with current restrictions.

It‘s extremely relevant.

 

[WorldWatcher]

This is everything but fair. What if Trump puts up real estate and overvalues it? Will fat ass bring more charges? This whole thing is as bad as it can get, even in Russia or China. Disbar James for election tampering. MAGA

If real estate were part of an escrow deal, FPOTUS#45 wouldn't be the one setting the value. The court would require 3rd party reputable appraisals of current market value.

FPOTUS#45 wouldn't be able to inflate values.

WW

 

[Seymour Flops]

I say Trump will pony up in time. All the leftists saying he can't is probably a bunch of BS.

He'll come up with it, if he has to to avoid losing his properties. Or make some legal move that prevents any "grab," of his poperties. Or the prosecutors and/or judge will back down from the threat, knowing the DNC and George Soros can only protect them so far.

Someone like Letitia James is not going to outsmart Donald Trump.

He'll post the bond and then they'll be on to the next thing the media spins up that's "Get Trump".

Yes, they will say "it's because he's a rich white man and he has the come-up-with-half-a-billion-dollars privilege!"

 

[Seymour Flops]

If real estate were part of an escrow deal, FPOTUS#45 wouldn't be the one setting the value. The court would require 3rd party reputable appraisals of current market value.

FPOTUS#45 wouldn't be able to inflate values.

WW

I'm glad you did not say that the court would set the value. Because this particular court is definitely not reputable. But can a non-reputable court judge whether a 3rd party is reputable?

 

[BluesLegend]

Still waiting for the victims...apparently there are none. The appellate court already tossed 80% of this witch hunt.

 

[SeaMajor7]

8th Amendment mother fuckers

 

[SweetSue92]

Hey liberals:

Your game.

Your rules.

You will HATE it.

 

[Curried Goats]

Hey liberals:

Your game.

Your rules.

You will HATE it.

Loving it so far.