What about property taxes??
The fact that the NY judge claimed that the assessed value of Mar-a-Lago was the actual market value of the land tells me the judge knows next to nothing about real estate.
I've been posting this example to make the point:
President Trump has said in the past that he has "brand value" that makes Trump properties more valuable just because it's a Trump property.As a case in point, in 2015 John Lennon's 1962 J-160E Gibson acoustic guitar was sold at an auction in Beverly Hills, California for $2.41 million. The catalog price for that guitar in 1964 was $219.50 and the current value of one in excellent condition is $4,000.
If I had owned that guitar in 2015 and chose not to auction it and instead used it as collateral for a loan claiming a value of $2.5 million, would Letitia James sue me because the real value of the guitar is $4,000?
Does John Lennon's "brand" add $2 million to the value of the guitar?
-PJ
Isn’t practicing real estate without a license a crime, maybe a misdemeanor at least?
And to appraise property of Florida from the bench in NY should be!🤨