Trump's penalty could cause NY biz exodus to FL, as New York State becomes 'legal banana republic':

Wait, do you think CA will fail to exist?

 

Do you actually think most people care about the problems on the fringe?
New Yorkers are used to paying the mob be it those in judicial robes, or track suits. You pay to be left alone. The Trump case made one thing clear: You are either on our side or you are not. Take your chances.

 

Oh of course not. It will exist. It will just become more and more of a poor homeless violent shithole for illegals, criminals and drug addicts just like NYC is becoming.

I went to SF for a conference a few weeks ago. You couldn't pay me to live in that violent shithole of a state. There was literally a fat black homeless woman taking a **** in front of the multi hundred million dollar conference center on the sidewalk

 

New York City and State is headed down a rabbit hole. The productive citizens are leaving, often for Florida. In the meantime they are replaced by low skilled illegal aliens at best and criminals and gang members at worst. New York has long had issues with high taxes and excessive registration. Now you have this court case which is sending chills toward the New York business community.

Businesses are now concerned. Do I have to support and contribute money to certain politicians to avoid politically motivated court trials with a crooked, politically motivated judge determining the fate of my business? It’s a chilling message.

 

I would not be surprised if Trump sold Trump Tower and moved out of NY. NY has become a cess pool of liberalism and is going broke.

 

Maga is apoplectic that Kelsey and Swift are an item and that they abhor trump and was peddling conspiracy bullshit about it all being rigged.
But the Super Bowl had the largest audience in history, and maga failed to drag the country down into the sewer, yet again.
Even desantis is now admitting that his book banning hysteria has gone too far. I guess he realizes that pandering to maga is a losing proposition.

 

That you people keep bringing up residential valuation processes and acting like that has anything to do with commercial valuation shows how much you know about the topic.

It was proven trump lied on bank applications, they lied about current and potential income thus leading the bank to overvalue them.

I think you are going to be disappointed on appeal, they might reduce the penalty but this isn’t going away.

It’s crazy y’all think someone should be able to lie to a bank in order to secure a loan with zero penalty. Party of law and order my ass.

 

Since he claimed to be a billionaire, I hope they don’t reduce it too much.
The judge was already fair enough by not dissolving his companies and only limiting his access to NY to a few years.

 

NYC is the Financial Capital of the World for past 200 years.

And you think just one case against Trump will change that?

I am sorry trump is not god, you should lower your expectation about him.

 

Is that what you see in Tucker Carlson podcast? NYC is on downward spiral and Moscow is envy of the world?

Yea , I know , Tucker is communist who wants to promote communism to Americans. Don’t pay attention to him.

Fact is NYC is the financial capital of the world. Just the City of NYC's GDP is bigger than 10 Red states combined.

 

No honest business is concerned about laws that have been on the books for decades. The message is “don’t commit fraud” — that it’s chilling for Republicans show just how far the party has fallen.

 

i am sorry the below chart doesn't look like NYC headed down a rabbit hole. but if you ignore facts you can have all the opinion in the world.
5% of US population lives in NYC but 10% of US GDP is in NYC. and you think NYC headed down a rabbit hole. really?

 

With this verdict, NY clearly is a banana republic. And this case does not seem to have improved Bribed Joe election outlook.

 

I don’t have problem buying grocery and my PP is NOT down. But then unlike red state lazy resident, I work hard, work 12 hours a day.

My advice to those who are struggling buying groceries, get off your lazy a$$ and work. Don’t wait for NYC send their hard earn tax $$$ so you can have Food stamps.

 

I'm sorry which part of what I said compared commercial with residential valuations? Engmorons ruling is essentially that value of a property is not predicated based upon what the market pays but what the government assesses its tax value to be. Explain why that wouldn't extend to residential.

Furthermore he didn't lie to the bank he expressed what he believed through the valuations of market professionals which he had records of appraisals for. If the bank disagrees then it is incumbent upon the bank to make that determination. It ALWAYS has been until Trump apparently lol. If you go to the bank and you got an appraisal which says your property is worth 1,000,000 and the bank says welll that property is only worth 500,000 and they give you the loan for $1,000,000 anyway. Is that your fault? And did you misrepresent the value of your property illegally when you had it lawfully appraised and provided that appraisal to the bank?

This is ****ing retarded and y'all KNOW it's retarded but you don't care cause orange man bad lol

 

Liars, cheats, and thieves are no longer welcome to do business in NY.
Fl can have the scum thugs.

 

Orange man bad so let's **** our real estate market lol

 

LOL, ok. Nobody is telling you to leave the shithole red state you dwell in.

Oh, and CA and NY will be fine. They are the largest economy states in our union. You're welcome.

 

We have enough damn yankees down here in Florida now. It's too crowded.

 

Because one is valued on the sales comparison method while the other is based partly on earning potential.

Except they did lie. They lied about income. They lied about occupancy.

Let’s say you own a 5 unit apartment building and you go to a bank for a cash out refi — two of those units are empty, and the other three rent at 800 each.

You report the building is valued at 600k based on units being fully occupied at 1k per month.

The bank accepts your numbers and gives you the loan but you still pay it back.

If you had told the truth that you were at 60% occupancy and at substantially lower rates the bank would have not approved your loan or would have given you worse rates.

Is this fraud?

I am discussing the case and how commercial property is valued — you are the only one bringing up trump in this conversation. Likely because you cannot discuss the case on its merits

 

They had three claims that they asserted were fraudulent. They asserted trump tower had a 77% occupancy rate while Trumps org claimed it had a 90% occupancy rate. They got these numbers from NEWS articles in left leaning papers and entered it into the record. Whereas Donald Trump had a Big 5 accounting firm addressing that claim for him. Who should the court trust? A lefty newspaper or a big 5 firm? Because Engmoron trusted the newspaper.

The second claim is that he represents the building as having 72 floors but the state is saying that because only 63 of those floors are commercial space that he shouldn't be allowed to list it as 72 floors and that's fraudulent. Even though it IS 72 floors.

The last claim is that he says it's directly across the street from the Wall Street stock exchange. And they claim that's fraudulent because it's not directly across the street it's diagonally across the street.

All three of those "fraud" claims are bullshit and you know it.

 

And here I thought certain people were FOR upholding the law. Last I checked falsifying financial documents to gain better loan terms is….fraud. ¯\_(ツ)_/¯

 

No one is buying this ****. Trump's business dealings were corrupt. Hands down. There's no denying that. He got what he had coming.

 

Actually they trusted the reports from the controller.

Depends on how the loan is classified, if they used a commercial valuation for all floors and only a few generate revenue then, again, that’s fraud

Ill agree this is mostly semantics but can absolutely impact valuation

Except they intentionally mislead and lied about occupancy rate and income.

That’s fraud — and you know it

Why is why all of you are blowing past simple yes / no questions. And is why he’s lost this case and will likely lose on appeal if he can scrape together the money to do so.

 

It seems the “law and order” crowd is selective about who law and order should be carried out on.