Posted on 03/20/2024 6:43:47 AM PDT by ChicagoConservative27
Ergo, the vast majority of comments, including yours, are blindingly inaccurate and worthless! The owners of each apartment are NOT being sued, Trump doesn't own any but his own, nobody can legally disposes those owning and living there ( except possibly the Trumps ), and neither can James nor the judge move illegal aliens into these apartments.
I suggest that everyone look up what a condominium is and whilst you're all at it, look up what a co-op is as well; there is a difference.
That’s true...sadly. Look what he did to the Tappen Zee Bridge ( which is what everyone who uses it/knows about it, still calls it! ),though it was sort of rebuilt a bit.
You are right, but it seems that all the players are ignoring laws, due process, decency etc. in favor of destroying Trump.
The Democrat/fascists could very well be exactly like like the dog that caught the car….
They will just throw him out like they have thrown veterans out of nursing homes, and kids out of public schools and customers out of hotels for illegals.
Show me the documents to support your claim. They should be publicly available. We would all like to know the details but don’t. There was an article talking about a group of German investors who own the land, and who have granting an exceptionally long term lease of the building to Trump. If they sold portions of the building to others as part of a condominium arrangement, it would be nice to know that as well.
No one claims the other people who are condo unit owners or leaseholders will be evicted, but if payments are due from them to Trump as either a buyer or a lessor, then those payments may be subject to execution on the Judgment.
Pardon me for not being as wise and knowledgeable as you, sir, but I only know what I read in the papers.
Citing an extensive analysis by valuation and accounting experts, James' office found that Trump's net worth in any given year between 2011 and 2021 was overstated by $1.9 billion to $3.6 billion.
(“Trump overstated net worth by up to $3.6 billion each year, NY attorney general alleges in new filing” — CNBC.com; PUBLISHED FRI, SEP 8 2023 9:38 AM EDT; UPDATED FRI, SEP 8 2023 1:12 PM EDT)
OK — So I will ask this question (rhetorically) one last time …
How the hell does the State of New York know he overstated his net worth if it didn’t know his equity stake in the properties they would need to establish his net worth?
Thank you.
As a once Manhattanite ( from an oldish NYC family, but haven't lived there for a while ), I was pretty certain that this building is a condo, so I looked it up. And yes, my memory hadn't failed me at all.
Don't believe me? Go look it up!
Does trump own the restaurant? I don't know, but he very well may do.
Are the retail shops renters? Again, I don't know; however, I'm guessing that they probably are.
And since you have NO idea at all how a Condo works...go look that up; hint, hint...they OWN their unit/s!
I've owned and lived in, at different times, a co-op apartment and a condo. When we sold both, that money was MINE; not the building's nor the management company's!
Thanks, but I already saw that report, or several other similar ones. But you simply don’t need to know equity values to make that estimate. And isn’t that a incredibly huge range to list (which could be 50 to 100% wrong), if they actually knew his equity stakes?
So I will ask this question (rhetorically) one last time … How the hell does the State of New York know he overstated his net worth if it didn’t know his equity stake in the properties
And you know I appreciate you, and our back and forth, as we usually either reach the same conclusion, or are better for it anyway. So I’ll answer for the third time, at least, and even give some examples to make it easy.
So let’s say that Trump overstated the square footage of his penthouse by 3 times, as supposedly proven, and due to that, alone, he overestimated the value of that property by 3 times. And let’s say he estimated it at $60 million, but since it was overestimated in size by 3x, then it’s possibly only really worth $20 million. So the court might estimate he overinflated the value by $40 million. Did they need to know equity to calculate that? No.
Then let’s say he estimated the value of Mar-a-Lago at $200 million, but the court estimated it was only worth $20 million. Independent of whether those numbers are right, by either side, the court-estimated misevaluation is $180 million dollars. Did they need to know his actual equity to determine that? No.
Do you see a pattern here, where it’s not necessary to know the equity values in his properties, to determine they may have been overinflated in his reported statements of value?
So unless you have any actual proof they incorporated equity ownership into their calculations of overvaluation, it’s more likely that they don’t know his exact equity, as is regularly discussed admitted by experts on this subject. They even had a guy on some TV channel last night who even wrote a book about trying to determine what Trump’s actual wealth and equity in these properties are, and he said Trump guards it like Fort Knox and he didn’t think even the prosecutors knew.
But I keep an open mind, and am more than happy to admit when I’m wrong, because I’m only searching for the truth. It just has to be presented to me before I believe it, and so far all the evidence is there’s extreme mystery around Trump’s true wealth, and the DA did not need to know that in order to estimate him overvaluing his properties by certain amounts.
And since most newspapers are claiming that "BIDENOMINCS ARE GREAT"; you believe that too, do you?
The Germans owned the land Trump wanted to build on; they gave him a deal, that has less than NOTHING at all to do with the owners of the apartment units, which THEY paid for and pay upkeep on.
Such as? What case(s)?
I’m reading Post #163 again. That’s NOT what you posted! :-O
Obviously, it is now de rigueur, on this site, for commenters to talk about topics they know less than NOTHING at all about and then strike out at the ONLY poster who commented using FACTS!
But hey...speculating on what will be done to Trump, his family members, and everyone he ever had dealing with, is the new "game" here and facts be damned.
So on with the show, re how many ILLEGALS CAN DANCE ON THE HEAD OF A PIN, eeeeeeeerrrrrrrrrrrr...be put up in Trump Towers, disregarding the FACT that the LEGAL OWNERS of those apartments aren't being sued, etc.!
IT'S NOT A RENTAL BUILDING; IT IS A CONDO !
I see no mention of “living quarters” — only a “building.” :-o
The restaurant and stores are a very small part of it. And...all posters were commenting on the apartments; NOBODY said word one about the retail section, PRIOR to my original post.
Also, FYI.... many apartment building, in Manhattan, of EVERY kind, have retail, stores at ground level, with those living in said building having separate entrance/s!
Look up Trump Towers and it is called a CONDOMINIUM, sans mention of the handful of small retail shops.
Your Post #163 was a response to what I posted in #141. I don't care what anyone else on this thread had in mind when "all posters were commenting on the apartments." I was referring specifically to the commercial leases when I posted #141.
Cheers! :-)
AC
Commercial real estate in cities is already about to implode. Just watch, the Teflon Don will be just fine.
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