Again, I'm just asking you to look at your own arguments and beliefs and see if they contradict the plain facts and logic in front of you. Trying to argue Mar a Lago is worth $18-27 million is like trying to argue the moon landing was faked and the proof was foretold in ancient egyptian hieroglyphics. Its the kind of shit that seperates sane arguments from pointless nonsense. For me to point out MAL could be sold off to developers and chopped up for parcels- as is specifically allowed for in the use agreement- zoned as residential instead of clubs and easily be worth hundreds of millions while voiding its historical and cultural significance- thats like arguing the flag had unmoving ripples when not fully unfolded not from a wind. The issue is the premise of why Id need to make such an argument in the first place.

I could point out the use agreement is to give it extra rights as a commercial club in a residential area, above normal residential zoning and at any time can be reverted to residential at the loss of those club benefits, and this the use agreement cant possibly be treated as a net negative valuation, let alone a factor of 1:20 or 1:50 of its real value. But again, its like saying that Alex Jone's protein powers wont cure your son of a case of the gays. Its the premise

This post was edited by Goomshill on Oct 16 2023 01:22am

MAL cannot be cut and sold. It's under an incredibly heavy use agreement that prevents that.

So try again.

The use agreement literally says it reverts to residential zoning if its disused as a club

He would have to get the conservation easement dropped as well, which is a federal thing. There's multiple layers of land use restrictions on MAL

It is not as simple as discontinuing it as a club. The lot has no rights to be developed as any kind of residential space so if he wants to sell it as though it does he needs to get those rights back from the state and federal government.

He also needs permission from the historic society in Palm Beach to even change the exterior of the building, much less have it redeveloped as a residential space.

This post was edited by NetflixAdaptationWidow on Oct 16 2023 01:40am

Something that's interesting is how many layers there are that just absolutely fucks the valuation of Mar a lago.

Federally there's a conservation easement. He donated his rights to ever have the property developed as residential space in exchange for tax benefits. This follows the next buyer and would have to be negotiated back at a cost to the new buyer, if it can be done at all. I'm honestly not sure if it can because I don't know the details.

It is partially controlled by the local historical society, which means it's got a lot of restrictions on how it can be modified. Dude couldn't even keep his helipad after he stopped being the president. So good fucking luck with them letting you tear it down for a residential space.

It can't be used as anything but a club because of the land use agreement with Palm Beach that was signed in 2002 where he signed to “to forever extinguish his right to develop or use the Property for any purpose other than club use.” Which means it isn't as simple as redeveloping it and rezoning it.



Yeah, this lot is fucked. Even if it had no restrictions it likely wouldn't rise to the value Trump put on it, but with the restrictions, it's lucky if its worth 10% what the equal residential value would be. Even under the most generous circumstances, it's not even breaking 100M.

So in short, yes, the 26M valuation is entirely reasonable. At best he's gonna get the value up to 75M which still means he over-valued it by 1000%.

This post was edited by NetflixAdaptationWidow on Oct 16 2023 01:46am

im just looking at how lefties do math
Tucker reacts to MSNBC's embarrassing math mess up

I'm sure getting these rights would be an IMPOSSIBLE task for someone rich enough to pony up $100m plus for MAL, plus several hundred million for the actual development of residential spaces in its place... after all, we know that real estate moguls or companies generally have zero experience with bribing officials or exerting influence in local politics.

"You see judge, you can't hold this against the appraisal because I could easily bribe a few officials into removing the easements"

In before they dodge the info and attack the presenter.

i love how these clowns are using the same defense as Turmp is. Like literally no maga apologist makes a legit argument.