Quote (NetflixAdaptationWidow @ Oct 17 2023 03:17pm)
and yet Trump couldn't come up with a single appraiser to make that argument to the judge. The only guy he could get was somebody who came in and said "yeah but maybe he could get Elon Musk to buy it"
I'm bored with this. I've proven that you've lied about literally every claim by simply reading the ~10 page document that controls how MAL can be developed.
Seriously you claimed the land use agreement doesn't limit splitting or redevelopment when it says explicitly that it does. Why should I keep talking when you're so willing to lie about what's just written on a piece of paper we can all google?
He brought an expert witness who had experience in the florida real estate market who explained it to the judge, who simply ignored the witness. The judge is free to do whatever he wants and live in cloudcuckooland with only higher courts for accountability.
You're still here trying to claim that 2 and 2 adds up to 3. You can't create any plausible scenario in which a business pulling in $25 million+ revenue and a mansion on a 17 acre dual oceanfront lot is worth less than it earns and less than neighboring land locked 0.5 acre lots
And you can't, because that doesn't make any sense whatsoever
Go dig up any estimate of the property in the media or by other real estate experts. All you're going to see is that the judge made a profound error;
Quote
The director of the school of real estate at Florida International University, Eli Beracha, tells the Sun that the metric used by the judge is “not a good way to value the property” and is “not the right approach.” He adds that real estate professionals “don’t even look at county appraisal data,” which Judge Engoron relied on in rendering summary judgment.
Mr. Beracha adds that “any real estate professional would say that market value and county appraisal are not the same thing,” and that it is “not the job of the county appraiser to assess value. If it was,” he explains, “we wouldn’t need Zillow.” County officials, like the ones in Palm Beach County that Judge Engoron cites, merely perform “drive-by appraisals” that are used to assess taxes, not total value.
One real estate attorney, Rachamim Cohen, tells the Sun: “I would not use, nor have I seen a bank use the County market valuation in obtaining a mortgage.” Mr. Beracha, the professor, agrees, explaining that “the appraisal value is detached from the true value of the property.”
The Sun has reported on widespread incredulity that Mar-a-Lago could be valued — as Judge Engoron suggests — at between $18 million and $27.6 million. One broker called it a “ridiculous” appraisal. The unnerving possibility that the jurist’s process could have been flawed underscores how the victory he handed New York could have short-circuited the clarification and corrections a trial on the valuations would have allowed.
The possible error that they are pointing to suggests not just that the valuation Judge Engoron assigned to Mar-a-Lago is wrong, but that he used the wrong metric altogether, one that no real estate maven in the know would use to assess a property’s market value. It suggests that the whole basis of the trial that is beginning today — and is expected to last until nearly the end of the year — is based on a faulty judgment.
At issue is whether Mar-a-Lago’s value as discovered by the Palm Beach County assessor is an indicator of market value, as Judge Engoron asserted when he found Mr. Trump liable for fraud. The former president asserted that the property is worth between $426,529,614 million and $612,110,496 million.
The public information officer at the Palm Beach County Property Appraiser’s Office, Becky Robinson, told the Sun that her unit possesses a “specific scope of responsibility when it comes to valuation of property for the purposes of taxation,” not the market value.
When it comes to assessing the market value, Ms. Robinson told the Sun, “I do not believe that our office would be the best to answer these questions,” suggesting that the estimation of a property’s value is outside of her office’s purview. Yet the benchmark used by Judge Engoron was precisely that prepared by Palm Beach County’s “Tax Assessor,” and the relevant document is labeled “Real Property Tax Assessor Record.”
Even the office of the tax assessor in Florida disavows trying to use assessed value as a market value. Forget asking experts, they went right to the person doing the assessments and asked her