Subject: Re: Trump's "fraud" in NY
Mar-a-Lago doesn't have a golf course.

Then what's this: https://www.maralagoclub.com/g...

Mar-a-Lago can't be used as a hotel or resort. It can only be used as a private membership club.

My mistake. It has "Guest rooms", but those are for members.

This is why despite the fact that there's lots of real estate brokers willing to mouth off to the press with ridiculous comps (the Boca Raton? Really?), you didn't have any appraisers saying under oath that it was worth $400-600M.


As I've shown, appraised value /= market value (which is often more).