President Trump defends the true value of Mar-A-Lago in this tweet:
"I've been defrauded with the judge that ruled that a property is worth $18 million when in fact it's worth over a billion, probably a billion and a half."
Now you anti-trumpers, ignorant of market value believe Trump is lying.
FACTS folks:
A nearby vacant lot (2.3 acres) is for sale on Zillow for $200 million," John LeFevre, a former investment banker who created the Goldman Sachs Elevator social media account, wrote alongside a screengrab of the listing. "Mar-a-Lago sits on 17 acres, with waterfront on both sides."
He added: "The primary point is this: The lending bank is required to get a valuation from a third party to cover its LTV calculation. No one had an issue with any of this. Everyone made money...Until an activist [District Attorney] came along decades later," a reference to Letitia James, who brought the case.
The disparity between the former president's valuation of his Florida estate and that of a local assessor has prompted speculation as to its true worth.
www.newsweek.com
Multiply 17 acres X $100,000,000 equals $1,700,000,000.
FACTS folks..Even the judge is saying...
“
Please, press, stop saying that I valued it at $18 million,” Engoron pleaded, as the trial kicked off in Manhattan Supreme Court in New York Attorney General Letitia James’ $250 million lawsuit against the former president, the Trump Organization and sons Eric Trump and Donald Trump Jr.
A judge deciding Donald Trump’s fate in a $250 million civil fraud case implored the media to stop saying he valued Mar-a-Lago at $18 million.
nypost.com
So why does the biased MSM still insist that the Judge valued at $18 million??
BIASED MSM at play. Again as I wrote yesterday ABC NEVER ONCE mentioned anything of the above regarding the value of Mar-A-Largo! If 2 acres goes for $200 million????