This is a lie. Jon Stewart *sold* his condo for above market. That means the *buyer* thought it was worth more. Totally different situation than Donald Trump just making up the value of real estate. Jon Stewart’s price was validated by the market.
And, BTW, this will probably be the stupidest thing I will read all year. Although, in fairness, it's only March. And Donald Trump still has electronic devices.
@BettyBowers @BlackKnight10k Maga only has lies and projection of guilt Their playbook has 2 plays It’s really sad NYT is arm of maga now
A listing price is not a “valuation.” It’s a free market choice. The state’s valuation is PUBLIC. His buyers knew it, but CHOSE (free will as in free market) to pay well over price. OTOH, Trump didn’t have the state value his properties. He just picked the numbers himself (higher or lower) based on whether he was paying taxes, or applying for a loan.
@BettyBowers He paid taxes on the small number.
@BettyBowers The New York Post is a Murdoch paper. Of course it’s a lie.
@BettyBowers @Ellesun Fine if the right wants to push this lie, it means Donald Trump is even more of a criminal. Somehow magically the MAGA cult will say that this was different than their fake story.
@BettyBowers @BlackKnight10k The people meant to be misinformed by this will absolutely not be able to decipher the nuance between the two.
@BettyBowers He used the asset to leverage a loan and overstated the valuation on it. It happens every time a property is leveraged. The underwriter is responsible for reviewing and approving the valuation to provide the cap rate. It’s literally the same thing Trump did.
@BettyBowers Correct. You can ‘value’ or offer to sell your property at any price another person is willing to pay for it. Totally different than inflating the value to fraudulently get a loan from a bank as Cheetolini did
@BettyBowers And pretty sure he had to pay capital gains taxes and closing costs on the sale.