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Oct 2 2023 11:45am
Quote (NetflixAdaptationWidow @ Oct 2 2023 08:54am)
Yeah, man, if there's one thing liberals never talk about its racial inequality in the justice system



It is just interesting how when involves violent criminals we need radical reforms, but when it is the blacks for trump guy, there is radio silence. I don’t expect you guys to notice the discrepancy here I was just musing.

Quote (Crunkt @ Oct 2 2023 11:45am)
you are on the side of the political parties that still want slavery you know you can't fault people for thinking you are a racist when you support a racist (45th) and support the party that is endorsed by the KKK

if it smells like shit and looks like and and its name is yeehaw its probably a steaming pile of shit



This is simply a pile of nonsense. It is sad how you view the world.
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Oct 2 2023 11:46am
Quote (Beeetlejuice @ Oct 2 2023 12:41pm)
Regardless of mar a lago, how do u justify his valuation of his penthouse in trump tower?

2011 values at $80m listed as 11000 sqft
2015 valued at $327m listed as 30000 sqft

:bonk:

It's a lot more than just Mar a lago bucko

Here is the whole list
https://www.google.com/amp/s/nypost.com/2022/09/21/the-properties-trump-is-accused-of-overvaluing-in-alleged-fraud-scheme/amp/


I'm getting a real kick out of this.

Best case scenario Trump overvalued Mar-a-lago between 2011 and 2021 by 100-200%, and that's the most modest example so he's avoiding every other example like the plague. I can only imagine the mindset. "If I can just convince somebody that a single case was only over valued by double its price, that'll throw everything else into question and I'll convince them this was a mistake".

This post was edited by NetflixAdaptationWidow on Oct 2 2023 11:47am
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Oct 2 2023 11:54am
Quote (Landmine @ 2 Oct 2023 13:14)
The KKK (your family) endorsed Joe Biden. Byrd, Joe Biden’s best friend was a grandmaster. It’s not my fault that you’re at the bottom of the barrel when it comes to intelligence.


did you just ask chatgpt for random words or something

kkk isnt my family

and any proof of anything else would be just fine and dandy oh
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Oct 2 2023 11:57am
Let me break down trumps valuation of his trump tower into something relatable....

I buy a studio in NY for 100k in 2000

In 2011 i need a loan for something else, so i personally value it at 600k on a tax return (6x more than any other studio in NY has ever sold for).

In 2015, I need a loan for something else, so I value that same studio at $2.4 million (24x more than any studio in NY has ever sold for, per sq foot)

These are roughly what the inflated values would look like if an average citizen did this on a 100k studio...

Now remember, this whole time trump was paying zero in taxes due to losses on his Atlantic city casinos and whatnot. Since he wasn't paying taxes, he was only benefitting by being able to get bigger loans from banks by saying his properties were worth in some cases 25x as much as they should be worth...

Do you not see the problem here???? Do you not think this is fraud???
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Oct 2 2023 12:04pm
Quote (Beeetlejuice @ Oct 2 2023 12:57pm)
Let me break down trumps valuation of his trump tower into something relatable....

I buy a studio in NY for 100k in 2000

In 2011 i need a loan for something else, so i personally value it at 600k on a tax return (6x more than any other studio in NY has ever sold for).

In 2015, I need a loan for something else, so I value that same studio at $2.4 million (24x more than any studio in NY has ever sold for, per sq foot)

These are roughly what the inflated values would look like if an average citizen did this on a 100k studio...

Now remember, this whole time trump was paying zero in taxes due to losses on his Atlantic city casinos and whatnot. Since he wasn't paying taxes, he was only benefitting by being able to get bigger loans from banks by saying his properties were worth in some cases 25x as much as they should be worth...

Do you not see the problem here???? Do you not think this is fraud???



Looks more like predatory lending by the banks. Maybe we should fight to have these loans forgiven , because Donald trump obviously does not have the capacity to pay them back.

This post was edited by YeeHaw on Oct 2 2023 12:05pm
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Oct 2 2023 12:24pm
Quote (YeeHaw @ Oct 2 2023 01:04pm)
Looks more like predatory lending by the banks.


Of course, because it's never trumps fault. Dude never does anything wrong.



On a side note, the most expensive house ever sold in america was a 23000 sqft penthouse in NY. Double the size of trumps supposed 11000 sqft $327milluon penthouse

How dumb do you have to be to declare that your house is 1/2 the size of the most expensive house EVER sold in america, but worth 130% more than said house, and that your house is the most valuable house in the USA? That alone is a prosecutors/fraud investigators wet dream
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Oct 2 2023 12:30pm
Quote (Beeetlejuice @ Oct 2 2023 01:24pm)
Of course, because it's never trumps fault. Dude never does anything wrong.



On a side note, the most expensive house ever sold in america was a 23000 sqft penthouse in NY. Double the size of trumps supposed 11000 sqft $327milluon penthouse

How dumb do you have to be to declare that your house is 1/2 the size of the most expensive house EVER sold in america, but worth 130% more than said house, and that your house is the most valuable house in the USA? That alone is a prosecutors/fraud investigators wet dream



Idk bro seems like you are humping the leg of the corporations here.
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Oct 2 2023 12:32pm
Quote (Beeetlejuice @ Oct 2 2023 11:57am)
Let me break down trumps valuation of his trump tower into something relatable....

I buy a studio in NY for 100k in 2000

In 2011 i need a loan for something else, so i personally value it at 600k on a tax return (6x more than any other studio in NY has ever sold for).

In 2015, I need a loan for something else, so I value that same studio at $2.4 million (24x more than any studio in NY has ever sold for, per sq foot)

These are roughly what the inflated values would look like if an average citizen did this on a 100k studio...

Now remember, this whole time trump was paying zero in taxes due to losses on his Atlantic city casinos and whatnot. Since he wasn't paying taxes, he was only benefitting by being able to get bigger loans from banks by saying his properties were worth in some cases 25x as much as they should be worth...

Do you not see the problem here???? Do you not think this is fraud???


The one giving the loan is the one that values the property. You’ve never owned anything in your life apparently.
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Oct 2 2023 12:45pm
Quote (Landmine @ 2 Oct 2023 14:32)
The one giving the loan is the one that values the property. You’ve never owned anything in your life apparently.


the lender relies on financial statements from the borrower and typically a third party appraiser is used especially for larger loan collateral such as a large property like mar a lago


so no, the bank doesnt value the property. in fact it is not atypical for the borrower to pay for the appraisal

also, reading helps

Quote
Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right. That year, the county valued Mar-a-Lago at $27 million






https://www.cbsnews.com/news/trump-mar-a-lago-1-8-billion-own-company-said-it-was-too-high/

This post was edited by Crunkt on Oct 2 2023 12:48pm
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Oct 2 2023 12:55pm
Quote (YeeHaw @ 2 Oct 2023 14:04)
Looks more like predatory lending by the banks. Maybe we should fight to have these loans forgiven , because Donald trump obviously does not have the capacity to pay them back.


predatory lending from the banks?

oh young one you have much to learn

the entire system of laws is set around protecting banks bro. lol. The law puts the owness on the businesses to operate in good faith and the banks are to trust that good faith, but if it is found that things were not done in good faith. then... well 45ths situation happens or sam friedmans situatuon happens. you cant fuck with these people the laws are literally there designed to protect the banks lmfao bro learn how the world works.

THIS is the beauty of the western world. businesses are freee to operate IN GOOD FAITH. that is the true freedom of the western world that so many people do not understand because they take it for granted. it is so easy to take advantage of the system, because you are a free person, you can take advantage, but those actions have fucking consquences and get fuckt 45th go to jail lose everythin gforever gg no re x0X

the most critical part of our ability to be free in the western way of thinking is the ability for every man and woman to be trusted as a citizen to operate in good faith. that is the MOST CRITICAL part of our freedom. Do not get mad when someone is shown to NOT operate in good faith and lady justice and the law punish them. Do not try to change the system, because getting rid of the ability to operate in good faith is essentially fascism

This post was edited by Crunkt on Oct 2 2023 01:00pm
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