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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.Does the empty lot have significant property restrictions?
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.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.
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.
Progs spout enter the 21st century evolved. Letitia is 20000 b.c.Does the empty lot have significant property restrictions?
Joe the chameleon.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.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.
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.
My point being that saying MAL is only worth what it was in 1981 is ridiculous, even with the CURRENT deed restrictions.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:
But those could, possibly, maybe affect FUTURE market value. They cannot be factored into CURRENT market value on legal documents.
- 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.
WW
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.
My point being that saying MAL is only worth what it was in 1981 is ridiculous, even with the CURRENT deed restrictions.
Current market value means the value with current 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.
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
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.I say Trump will pony up in time. All the leftists saying he can't is probably a bunch of BS.
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!"He'll post the bond and then they'll be on to the next thing the media spins up that's "Get Trump".
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?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
Loving it so far.Hey liberals:
Your game.
Your rules.
You will HATE it.
