Valuing Assets - What Trump Prosecutors Do Not Understand

[Marener]

Prosecutors understand alright but they follow orders from a higher authority if they want to keep their jobs. Trump built things and took chances and met payrolls with good wages for workers. Biden never had a real job but he and his family amassed a fortune and nobody knows or cares where it came from.

You know he declared bankruptcy a lot, right?

 

[Lord Long Rod]

I love how Democrats, who are generally know shit about economics, chime in here, to share their irrelevant opinions.

 

[Kilroy2]

Valuing assets for two different purposes.

If your selling property , the determining factor is that the buyer agrees to the purchase price.

you have multiple buyers there can be a bidding war..

The winner may pay a higher price but he or she has decided they want the property and they can afford it.

Valuing an asset for a loan is different. They are not buying the property.

The lender is concerned with will he get paid back for the loan amount plus interest. Also in Trumps case he has multiple assets especially in NYC and other areas.

We don't know what the loan was for. He probably needed money for lawyers in all his case.

The case is about the defendants who made up valuations and inflated Trump's net worth to suit their business needs.

Trump net worth is the issue in the case. Yes it involves valuation of assets.

Trump ego is legendary and he inflates it all the time.

Inflating his assets which is an extension of Trump himself seems to be a open and shut case.

The question is over inflating his assets for business needs can be business fraud.

But hey everyone knows Trump is a fraud. He carry's a picture of Nixon in his wallet and he been heard to say " I'm not a Fraud"

 

[MisterBeale]

Definitely. Here in Albuquerque, before COVID, many desirable homes were getting bids from buyers and as often as not the highest bidder paid above the appraised value of the property. This is a gamble for the buyer that the property will continue to appreciate in value but at that time, the properties were doing that.

In that kind of market, sellers often set the asking price higher than the appraised value.

There is absolutely nothing illegal in doing that.

But these buyers also had sufficient cash for substantial down payments as the lenders sure as heck won't lend more than the appraised value.

I can't imagine lending policies in New York are that much different.

I had already commented before, as soon as we start letting the government, judges and bureaucrats get away with doing things like this?

They are one step away from just seizing all the property, & nationalizing the entire economy.

 

[SweetTea]

I've complained about the system for years. Trump supporters cared less then.

How do you like it now?

The court’s were plitically biased in the past? If so, I would disagree then as well. Even if you believe that was the case in the recent past, two wrongs don’t make a right. It is dangerous for our country. Period.

 

[pknopp]

The court’s were plitically biased in the past?

I have no desire to undertake these kinds of arguments so don't bother.

 

[SweetTea]

I have no desire to undertake these kinds of arguments so don't bother.

Ok, so suffice to say, you are ok with courts being politically biased. We disagree.

 

[Care4all]

First of all, for that kind of property in a higher zoned area with rental income, retail income, etc. it's GBA (Gross Building Area) is least important. If there is foot traffic then location would have value. No professional appraiser would even put the most weight for the valuation on GBA. Also, there may be areas in that building not part of GBA per regulations. Public areas, hall ways, lobby etc. Those areas may not have been included in the 10,966 measurement of which the source is not stated. Then curiously the article tries to compare Trump Tower to an apartment building that currently sold for 88 million. That's like comparing a multiplex with a hotel. Oh well....

This is not the appraisal of the building, it is the appraisal of the apartment he lives in.

Why did he lie, and claim it was 30,000 sq feet instead of the 10,000 sq feet that it actually is....?

Trump name value, has NOTHING to do with his fraudulent claims about his home's size in square feet.


And he lied on more than a dozen occasion on his financial statements given to the bank on every property he owns, NOT just Trump Tower, or Mara Lago, and not by the normal 10% - 20% difference it could be, that would be allowed.

 

[Leo123]

This is not the appraisal of the building, it is the appraisal of the apartment he lives in.

Why did he lie, and claim it was 30,000 sq feet instead of the 10,000 sq feet that it actually is....?

Trump name value, has NOTHING to do with his fraudulent claims about his home's size in square feet.


And he lied on more than a dozen occasion on his financial statements given to the bank on every property he owns, NOT just Trump Tower, or Mara Lago, and not by the normal 10% - 20% difference it could be, that would be allowed.

Makes no difference what he said, no bank is going to take a borrower’s word for what their property is worth. Try to put your TDS aside for once and use you brain instead of your hatred. These valuations for bank loans are double checked by professionals at the bank and have to be underwritten by them as well. Going after the borrower is idiotic, if a DA suspects foul play, they'd go after the bank. This stupid DA is an idiot and you are an idiot to fall for it.

How do you know what the Sq.Ft. of his apartment is? Because that pin head Letitia James (who vowed to get Trump in her campaign) told you? Whether or not he inflated or deflated the value or size of his own property is not the issue. Do you think a county assessor is just going to take a property owner's word for it? You're a ******* fool if you think that.

 

[Care4all]

Makes no difference what he said, no bank is going to take a borrower’s word for what their property is worth. Try to put your TDS aside for once and use you brain instead of your hatred. These valuations for bank loans are double checked by professionals at the bank and have to be underwritten by them as well. Going after the borrower is idiotic, if a DA suspects foul play, they'd go after the bank. This stupid DA is an idiot and you are an idiot to fall for it.

How do you know what the Sq.Ft. of his apartment is? Because that pin head Letitia James (who vowed to get Trump in her campaign) told you? Whether or not he inflated or deflated the value or size of his own property is not the issue. Do you think a county assessor is just going to take a property owner's word for it? You're a ******* fool if you think that.

I don't think you understand what is going on.... It isn't simply bragdocious comments of Trump's.... Sheesh! It's perpetual fraudulent Business legal filings....pre planned, and with purpose, to deceive.

 

[Superbadbrutha]

Client Challenge

The NY fraud trial is tantamount to getting a pee-wee football team together and putting them on a baseball diamond to play the Braves. Neither Letitia James nor the judge know what the **** they are doing substantively in this case. To make matters worse, they are sub-par people.

Right, but you Trump Humpers are waayyyy smarter than they are, I just understand why Trump doesn't hire some of the shithouse lawyers off of USMB like you to represent him.

 

[Superbadbrutha]

I love how Democrats, who are generally know shit about economics, chime in here, to share their irrelevant opinions.

Right, but your opinion should be valued over everyone else's.

 

[Superbadbrutha]

Ok, so suffice to say, you are ok with courts being politically biased. We disagree.

You wouldn't be whining if they were biased in Trump's favor.

 

[SweetTea]

You wouldn't be whining if they were biased in Trump's favor.

Yes, I absolutely would. Politicized courts are dangerous to our country.

 

[Superbadbrutha]

Yes, I absolutely would. Politicized courts are dangerous to our country.

They have always been politicized, there is case after case that proves that.

 

[Lord Long Rod]

Right, but your opinion should be valued over everyone else's.

Yes, it should. I know more about it than most people, and certainly most Dems.

 

[Lord Long Rod]

Right, but you Trump Humpers are waayyyy smarter than they are, I just understand why Trump doesn't hire some of the shithouse lawyers off of USMB like you to represent him.

Your assessment is without merit.

 

[Tommy Tainant]

Client Challenge

The NY fraud trial is tantamount to getting a pee-wee football team together and putting them on a baseball diamond to play the Braves. Neither Letitia James nor the judge know what the **** they are doing substantively in this case. To make matters worse, they are sub-par people.

Its over, Move on.

 

[Leo123]

I don't think you understand what is going on.... It isn't simply bragdocious comments of Trump's.... Sheesh! It's perpetual fraudulent Business legal filings....pre planned, and with purpose, to deceive.

So now you move the goalposts to include the nebulous “business” filings. Sheesh

 

[Care4all]

So now you move the goalposts to include the nebulous “business” filings. Sheesh

This is not and has never been about simply mouthing off and exaggerating about the value of Trump's assets.....

It has always been about business filings.

The entity and individual defendants committed repeated and persistent fraud by preparing, certifying, and submitting to lenders and insurers false and misleading financial statements, SFCs...Statement of Financial Conditions.

Trump's accounting firm dropped Trump because they found out they were lying to the accounting firm who prepared the financial statements...