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It's sad watching people buy into the lie that the only way to succeed at business is to lie and cheat and defraud.
That's not how a vast majority of businesses operate. They're far more concerned with staying right with the laws than they are about committing crimes.
But no, some are just convinced that you have to lie. That's what ideology does when it gets it grip on folks.
Use Soviet tactics in America and this is what you assholes get.
You demented avenger subverted demoralized Stalinist Marxist Leninist zombie ASSHOLES are so incapable of THINKING through the actions that you idiots take for your little "victories" while you tear apart the very fabric of our society and nation.
Do you THINK you will be spared the MISERY you are cheering for?
Fucking IDIOTS!!!!!
You mean like evaluating your property at more that what some appraisers do? Appraisals are educated guesses, nothing more. Appraisals can be all over the map. Property is worth what it sold for, not the appraisal value. Banks ask for this information as a point of reference, as a starting point. They do their own due diligence to verify assets. They also take into account other factors than just collateral.
This was a hit job. Everybody knows it.
Ahem...that is the guy whose wife set up the GO FUND ME for Trump's $355 million held libel.Judge Engoron, who has zero real estate evaluation experience as well as his advisors really screwed up with Trump's verdict not realizing the massive backlash by real estate moguls and investors. An exodus is now taking place. Here's the latest.
Real estate investor to 'immediately discontinue' working in NYC over Trump verdict, eyeing Florida, Texas
A notable real estate investor has pulled the plug on at least $1 billion of business in New York after former President Trump's fraud verdict, sets sights on Texas, Florida, Arizona.www.foxbusiness.com
You are so lost. I find it hard to believe that you can’t see the danger in politicizing the courts, even if they are to your liking at the moment.
These are private transactions. The developers and the banks have to agree on the value of any property put up as collateral. If a bank just takes someone's word for the value of a property, that person either has a stellar reputation and solid relationship with the bank, or they do an independent appraisal and agree that the property is worth enough for the loan. If there's fraud going on, everyone's in on it and we should be seeing people get prosecuted for malpractice.It's sad watching people buy into the lie that the only way to succeed at business is to lie and cheat and defraud.
That's not how a vast majority of businesses operate. They're far more concerned with staying right with the laws than they are about committing crimes.
But no, some are just convinced that you have to lie. That's what ideology does when it gets it grip on folks.
And that's one of the big reasons this will likely get tossed on appeal. You can't just apply the law in specific ways to a single person. I do believe New York will suffer for this, and should. It doesn't matter how much somebody screeches Orange Man Bad, we have to apply the law equally and fairly.The bigger issue is the inherent risk now seen in NY that a civil law that denies anyone a jury trial, was used to deny even an actual trial (they went straight to the damages phase by the judge's decree) that can result in 1/2 Billion in fines. Mind you this is also a law that has only been used in the past AFTER someone has been convicted of criminal fraud first.
He didn't over value his property assets by 10% or 20% or even 50% more than appraised for or than the present market value,You mean like evaluating your property at more that what some appraisers do? Appraisals are educated guesses, nothing more. Appraisals can be all over the map. Property is worth what it sold for, not the appraisal value. Banks ask for this information as a point of reference, as a starting point. They do their own due diligence to verify assets. They also take into account other factors than just collateral.
This was a hit job. Everybody knows it.
Whats the problem ?Judge Engoron, who has zero real estate evaluation experience as well as his advisors really screwed up with Trump's verdict not realizing the massive backlash by real estate moguls and investors. An exodus is now taking place. Here's the latest.
Real estate investor to 'immediately discontinue' working in NYC over Trump verdict, eyeing Florida, Texas
A notable real estate investor has pulled the plug on at least $1 billion of business in New York after former President Trump's fraud verdict, sets sights on Texas, Florida, Arizona.
If they got their wish, we would see a deluge of cases brought against virtually every big-time developer who worked in New York over the last 10 years. Construction would simply stop because no one would invest or build in the city again.You people are so fucking stupid, I hope and pray you get your wish. Even if you did, you'd blame the wrong people for the fallout, you can't fix terminally stupid people.
Trump's documents to the bank included a disclaimer saying that they were not to be taken at face value, and the bank must make its own independent evaluation. Is that inconvenient for you?He didn't over value his property assets by 10% or 20% or even 50% more than appraised for or than the present market value,
Trump over valued his properties by 400% to 2000%.
Why would he do that, if it didn't help him? 10 years in a row?
Yes you can, if the city starts shaking down developers who have been making agreements with banks on the value of their properties. TRUMP! just got fined half a billion for a deal in which no one was damaged.It is absurd to suppose that real estate developers (investor) will shun NYC after the Trump verdict. The NYC real estate market has made them rich beyond comprehension, and will continue to do so. There is NEVER enough housing in New York (the movers and shakers see to it), and you simply cannot lose money there.
If they got their wish, we would see a deluge of cases brought against virtually every big-time developer who worked in New York over the last 10 years. Construction would simply stop because no one would invest or build in the city again.
Why would the bank loan millions solely on the word of the applicant? Did they not do an independent appraisal? IOW, it almost literally doesn't matter WHAT number the applicant puts on the paper. Do this, go into a pawn shop and tell the clerk that you want to borrow $10,000 and you're putting up your grandfather's Rolex watch as collateral, but he doesn't need to actually see it first. Will you walk out with $10,000?He didn't over value his property assets by 10% or 20% or even 50% more than appraised for or than the present market value,
Trump over valued his properties by 400% to 2000%.
Why would he do that, if it didn't help him? 10 years in a row?
And the thing is, there are other real estate markets around the country that would welcome their money with open arms.Yep, I hope they do it...
Would you invest millions in a market if you know you can be shaken down for millions of dollars because you made somebody mad, over a deal in which no one was damaged and both sides agreed on the value of a property?Whats the problem ?
These are private transactions. The developers and the banks have to agree on the value of any property put up as collateral. If a bank just takes someone's word for the value of a property, that person either has a stellar reputation and solid relationship with the bank, or they do an independent appraisal and agree that the property is worth enough for the loan. If there's fraud going on, everyone's in on it and we should be seeing people get prosecuted for malpractice.
That isnt what happened. And you know it.Would you invest millions in a market if you know you can be shaken down for millions of dollars because you made somebody mad, over a deal in which no one was damaged and both sides agreed on the value of a property?
