Subject: Re: Trump's "fraud" in NY
I'll just reply to myself here and restate things.
That "judge" is an idiot, and no, I don't need to know anything about his background to know that he sucks at his job.
Let's keeping picking on the $27.6M valuation for Mar-a-Lago. MaL has 62k square feet of buildings on a 17 acre plot and contains a highly developed resort with multiple amenities right on the water.
Say. Maybe in doing an initial valuation exercise we might want to know what land goes for in the general vicinity? That way we at least have a baseline. Is there any land for sale around that same area?
https://www.landsearch.com/pro...
2 Acres of Residential Land for Sale in Manalapan, Florida
1820 S Ocean Blvd, Manalapan, FL 33462
This is vacant land 8.7 miles down the A1A from MaL.
https://www.bing.com/maps?q=ma...
I highly doubt there's a toxic waste Superfund site, prison, garbage dump or chemical plant in this part of Florida so let's assume that land valuations are consistent between MaL and this place.
How much is this? one might ask. It's...$27.6M - what a coincidence - and it's on...1.97 acres. That pencils out to...hmmm...carry the one...$14.01M/acre.
So that means that just on land value alone MaL is worth AT LEAST $238 million.
Let's forget about the 62,000 square feet of buildings and the fact that this is a money generating resort with a golf course on site. How does the judge's ruling that Trump inflated the value by 2,000something percent look now?
Or, rephrasing - How incompetent does the judge's ruling look now?