Wow, seriously, you're not going to quote footnote 10, the one connected to the end of the "I could sell it to a Saudi prince" paragraph? Well, I am. Here goes:
10 This statement may reflect influence buying rather than savvy investing.
Ya think? I mean, Clarence Thomas could make the same argument: I valued my 1200-square-foot slum rental property at a million dollars because Harlan Crow would totally have paid me that much for it if I'd asked.
ETA: I was also particularly delighted by the response to the AG's point that Trump claimed on his financial disclosures that his 10,996 square foot apartment was 30,000 square feet: "the calculation of square footage is a subjective process that could lead to differing results or opinions depending on the method employed to conduct the calculation." First off, that doesn't even make sense: if the difference depends on the method employed, it's still an objective process, just one that has alternate ways you could conduct it, for instance measuring to the outside of exterior walls rather than the inside. If it's a subjective process, then it's all kind of a matter of opinion, like whether the wall colors are nice or the couch would look better against a different wall. But this is all BS, because it's neither subjective nor subject to different methods. There is one (1) right answer, it's not all that hard to determine, and no possible way on God's green earth is it going to be off by 200% as the result of a good faith mistake. (As Judge Engoron somewhat snarkily noted.)
The only way that shithole is worth $1.5 billion would be if it was sold with the top secret documents still in the storage room next to the photocopier.
Meh, it's a total trash palace. It would only appeal to someone with trashy taste, such as the Dumps. PAB thinks it's the Mona Lisa of all of the dwellings in the world. I think it's ostentatiously ugly.
I dunno, if you dumped a few tens of millions into it, you could probably remodel it into something elegant. You might have to strip it down to the framing to get the smells out, though.
The most expensive property ever sold in America was Ken Griffith buying a $239 million penthouse in Manhattan. It's good to own a hedge fund, and only have to pay 10% of your income in taxes, and your SS contribution is capped at $125,000.
The most expensive Florida property, which is twice the size of MarALago, more private, and has water in the front and the back:
Billionaire Larry Ellison, founder of Oracle, bought this 33-bedroom compound in Manalapan, Florida, for $173 million last year, USA Today reported. It holds the record for the priciest residential real estate transaction in the state.
The sprawling property, known as "Gemini," sits on a barrier island between Palm Beach and Delray Beach. It has 33 bedrooms and 47 bathrooms, according to Curbed. The house faces the lake on one side and the ocean on the other, with a total of 1,200 feet of beachfront and 1,300 of waterfront on the Intracoastal Waterway. Underground tunnels link the two wings of the house, according to USA Today.
Ellison bought the compound in 2022 from Jim Clark, another software billionaire, who had bought it in 2021 from the Ziff publishing family.
While the compound is the priciest piece of residential property to change hands in Florida, its vast living space make it a surprisingly good deal compared with the other estates on this list. At 62,200 square feet, the Gemini's sale price clocks in at $2,781 per square foot, according to Miller.
the unimproved land value (which i'm guessing is where the $18 mill figure comes from) is never the value of the property - i mean, c'mon people, this is not that hard
I do not know how commercial property insurance renewals work, but I do know that homeowners insurance rates are adjusted for market fluctuations, so I wonder what the MAL policy renewal for '22 valuation was and if any claim for the intentionally (?) flooded server room remediation was made?
I just read that the NYAG values Mar-A-Lago at $75 million. That seems about right to me, even though I know nothing. Those Zillow valuations seemed way too low.
Zillow is the worst source to use for doing real estate comps and Eric Trump knows better - at the very least he should! People who sell real estate donβt use the Zillow Zestimate!
The really funny part is how they jack the "values" up or down based on who they're talking to currently. IRS? It's a garden shack. Lenders? It's freaking Versailles.
Wow, seriously, you're not going to quote footnote 10, the one connected to the end of the "I could sell it to a Saudi prince" paragraph? Well, I am. Here goes:
10 This statement may reflect influence buying rather than savvy investing.
Ya think? I mean, Clarence Thomas could make the same argument: I valued my 1200-square-foot slum rental property at a million dollars because Harlan Crow would totally have paid me that much for it if I'd asked.
ETA: I was also particularly delighted by the response to the AG's point that Trump claimed on his financial disclosures that his 10,996 square foot apartment was 30,000 square feet: "the calculation of square footage is a subjective process that could lead to differing results or opinions depending on the method employed to conduct the calculation." First off, that doesn't even make sense: if the difference depends on the method employed, it's still an objective process, just one that has alternate ways you could conduct it, for instance measuring to the outside of exterior walls rather than the inside. If it's a subjective process, then it's all kind of a matter of opinion, like whether the wall colors are nice or the couch would look better against a different wall. But this is all BS, because it's neither subjective nor subject to different methods. There is one (1) right answer, it's not all that hard to determine, and no possible way on God's green earth is it going to be off by 200% as the result of a good faith mistake. (As Judge Engoron somewhat snarkily noted.)
The only way that shithole is worth $1.5 billion would be if it was sold with the top secret documents still in the storage room next to the photocopier.
How about a Russian oligarch who needs to do some laundry?
Meh, it's a total trash palace. It would only appeal to someone with trashy taste, such as the Dumps. PAB thinks it's the Mona Lisa of all of the dwellings in the world. I think it's ostentatiously ugly.
I dunno, if you dumped a few tens of millions into it, you could probably remodel it into something elegant. You might have to strip it down to the framing to get the smells out, though.
Ta, Evan. The loans are already underwater, with the property to join them soon.
Yup. Gonna hafta hire some Dutch boys.
The most expensive property ever sold in America was Ken Griffith buying a $239 million penthouse in Manhattan. It's good to own a hedge fund, and only have to pay 10% of your income in taxes, and your SS contribution is capped at $125,000.
The most expensive Florida property, which is twice the size of MarALago, more private, and has water in the front and the back:
Billionaire Larry Ellison, founder of Oracle, bought this 33-bedroom compound in Manalapan, Florida, for $173 million last year, USA Today reported. It holds the record for the priciest residential real estate transaction in the state.
The sprawling property, known as "Gemini," sits on a barrier island between Palm Beach and Delray Beach. It has 33 bedrooms and 47 bathrooms, according to Curbed. The house faces the lake on one side and the ocean on the other, with a total of 1,200 feet of beachfront and 1,300 of waterfront on the Intracoastal Waterway. Underground tunnels link the two wings of the house, according to USA Today.
Ellison bought the compound in 2022 from Jim Clark, another software billionaire, who had bought it in 2021 from the Ziff publishing family.
While the compound is the priciest piece of residential property to change hands in Florida, its vast living space make it a surprisingly good deal compared with the other estates on this list. At 62,200 square feet, the Gemini's sale price clocks in at $2,781 per square foot, according to Miller.
It looks awful, on top of everything else. Can he really believe what he says about its being the most valuable house in the country?
the unimproved land value (which i'm guessing is where the $18 mill figure comes from) is never the value of the property - i mean, c'mon people, this is not that hard
I do not know how commercial property insurance renewals work, but I do know that homeowners insurance rates are adjusted for market fluctuations, so I wonder what the MAL policy renewal for '22 valuation was and if any claim for the intentionally (?) flooded server room remediation was made?
Oh Eric....here... have a trophy for participating.
I maybe a victim of wishful thinking but it seems that a lot (most) judges are so tired of his shit
i know the majority of sane people are
I can't figure out who is the brains of this con job family. Do any of them have any pets?
the closest any of them have to having a pet is the shoebox of collars from missing neighborhood pets that Eric keeps hidden in his sock drawer.
I just read that the NYAG values Mar-A-Lago at $75 million. That seems about right to me, even though I know nothing. Those Zillow valuations seemed way too low.
Zillow is the worst source to use for doing real estate comps and Eric Trump knows better - at the very least he should! People who sell real estate donβt use the Zillow Zestimate!
Also too none of those zillow listings have bedbugs
The really funny part is how they jack the "values" up or down based on who they're talking to currently. IRS? It's a garden shack. Lenders? It's freaking Versailles.
Who amongst us doesnβt have a dildo dungeon storage room? I canβt be the only oneβ¦
The pro-sex toy wing of yr. Wonkette is right there with you.