New York Attorney General takes initial step to prepare to seize Trump assets

'Affordable housing units'; in the state of NY LMAO. Sorry fam, NY is stuck with this bondoggle now, and increased taxes is the future of NY. But hey, they wanted to prosecute the case so I guess they're okay with indebting the government with Trump's debt.

Example #1,000 why I would never move to NY. It's such a waste of taxpayer dollars

 

Obviously you know there's an affordable housing issue in NY.
Turning Trump properties into affordable housing will help alleviate the issue.
Thanks for your support.

 

Market value of real estate has absolutely **** all to do with someone's income...lol

His financials never even came up in the trial. Where are you getting this bullshit from?

 

Not to mention this case is going to scare away business from New York. They've really ****ed themselves...lol

 

That's as dumb as Ocrazio Cortez saying that RICO isn't a crime... LMAO

 

What this case did is destroy the speculative gains market in NY. "I think this property will increase by $10,000 in five years". "You think? OR you know? Because you have to know!"

No one is gonna want to speculate in NY based off the court trial. Like I find it funny they accuse him of inflating the assets, but then they inflated the total value of the actual judgment LMAO.

 

Google is free

https://www.firstrepublic.com/insights-education/five-common-methods-to-value-a-commercial-property

1. Cost approach
2. Sales comparison approach
3. Income capitalization approach
4. Value per Gross Rent Multiplier
5. Value per door
6. Cost per rentable square foot

Those financials determine building value which is used to determine equity. Lying on square footage would impact each item, lying on rents / income would have impacted 4 of the 6.

I see you have never been involved in a commercial valuation but speak like you are a pro.

 

They best PRAY that Trump loses the election. I'm betting his AG is going to place James and Ernogan at the top of his list for retaliation.

 

You really think he's that corrupt? Not that I disagree. But at least they aren't letting the threat of an authoritarian madman dissuade them for putting an end to yet another one of his fraudulent enterprises. I told you guys this would likely be the end of the Trump Org, but the right wouldn't listen.

 

None of that ever came up in the trial...lol

I know you've never been involved in anything outside of a rental...lol

 

Are James and Ernogan above the law?

 

No. But they haven't broken any law that we know of, unlike Trump. Why are you okay with him faking charges out of retaliation against them for holding him to the law?

 

It’s the basis of the trail

Again, how do you believe commercial property is valued?

 

Why didn't it come up at the trial?

 

It did
https://www.voanews.com/amp/trial-d...feet-not-30-000-he-later-claimed/7305109.html

https://www.forbes.com/sites/alison...umps-penthouse-was-inflated-he-testifies/amp/

Why can you not answer the question — how do you believe commercial property is valued?

 

Ok, there you go. You won't have any problem with the DOJ crawling neck deep in their asses. Yes?

 

Trump's penthouse isn't a commercial property...lol

 

Then why was it introduced at trial? Why was it deemed fraud? Why did he lie about it to the banks? And why did it cost him half a billion dollars?

You keep laughing but he keeps losing

That you cannot even answer a simple question shows how blind the narrative is

 

Inside Trump’s 370-acre Seven Springs estate and golf course Letitia James aims to seize first

https://nypost.com/2024/03/21/real-...70-acre-seven-springs-estate-and-golf-course/

The Seven Springs estate is a mansion on 370 acres spanning Bedford, Armonk and Chappaqua.

"Trump National Golf Club Westchester, in Briarcliff Manor, stands as a premier private golf club spanning 140 acres of lush landscape, boasting an 18-hole course complemented by a sprawling 75,000-square-foot clubhouse."

 

Aside from the fact that the trial was a kangaroo court?

 

RICO isn't a crime. It needs to be accompanied by actual crimes.
AAAAAAAND
If RICO were a crime they'd have locked up the entire GOP years ago,

 

So when it is seized, how much will be credited towards the fine? Does it need to be sold first?

 

lol why wouldn’t anyone buy it?

 

Once again, you can’t pay your debt with your debt. He’ll only get credit toward his penalty for equity in the property. If he owes 10 million and they sell it for 15 million, he gets credit for 5 and the lenders get their 10.

 

Exactly...
Trump's pathetic house of cards....
Cheap veneer with a high gloss finish...