jimkenney12
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He was negotiating loans that far exceeded the value of the property he offered as collateral, loans he has not repaid and probably cannot repay.
What Legacy Does Trump Leave?
- Thread starter Redbaron
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Defines populist deficiency ... a trait of politicians, economic leaders and other blind stoics ... sentient pious Ness? That's dark ... as they cannot abide by reaction or response and the loss of culpability for a short term ... then they collapse into the funk ... resembles a Lexicon and then they wake ... the hated state of knowing something went wrong in the straight line?
Is that a long dark robe ... shades of purple? Streak in the great Wahl as a field all unto itself ... self being a voluble unknown ... with choice of naivete ... how would they know? Thus ignorance processes ... as in a recessional and we swallow it ... Heis Tory goes down ... Heide as Noon? That butte overhead ... boot?
What do we know? Nothing as prescribed by those blind in leadership skills but determined ... Pete's Prin. Mores to look into ... spread and scatter ... 40 shades!
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He more than likely had an appraiser from a bank or financial institution falsify and overestimate the value of the property that was over and above the current value at the time. This over estimation would have allowed him to secure money for further purchases with a down payment pulled from the supposed equity that would come from the first property. This then was repeated with the next property and so on. Continuously over evaluating the next property with an illegal appraisal to be able to pull more money out to fund more real estate using the banks money. Fortunately for the banks, real estate prices continued to rise and the buildings that were falsely appraised actually rose to become worth the amount that was appraised....But it could have gone the other way and real estate values could have went down in the future, which is why it's important to appraise properties for what they are worth at the current time of refinancing a property, which he did not.
Trump's argument is that because the values of his properties went up after the fake appraisals were done, ( which they did), no harm was done and the banks are happy.
When the real estate listing recently showed up for Maralego, it was listed for something like 428 million, way over priced IMO, BUT he was probably going to try and pull some money out based on some real estate agent falsifying the value. That listing disappeared eventually and he denied it even happened.
Despite his properties being worth more now, that doesn't make it legal how he got there.
Northwind
Stationary nomad.
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He also stated that his properties were worth far less than they were in order to pay less in taxes.
Trump also likes to rely on his name as a well known " brand"....he is very good at marketing this "brand" that seems to give him the credibility he requires to secure money....possibly without those with the money checking all the bells and whistles.
To me it's very scary that he's probably in over his head financially and possibly leading a country when he may be vulnerable to being blackmailed by others in his own country and other governments in other countries. His ego couldn't take being exposed, I think.
To me it's very scary that he's probably in over his head financially and possibly leading a country when he may be vulnerable to being blackmailed by others in his own country and other governments in other countries. His ego couldn't take being exposed, I think.
Trump residues ... can a house divided stand alone?
Where will the crazies go? Who are the crazies? Are they against the demonstrated common good or the stand alone emperors?
OSH -ite ... imagine ... it gets funnier and odder as time creeps ... allowing generation of SAR chasm ... large crevice or rapture ... and they all fall intuit even if not believing in holes in space ... comedic joust takes two sides ... disturbing one side or the other by the lay dropping her flag ... thus we rag on because nothing is serious!
It is said the gods like diversity ... isn't that diabolical!
Where will the crazies go? Who are the crazies? Are they against the demonstrated common good or the stand alone emperors?
OSH -ite ... imagine ... it gets funnier and odder as time creeps ... allowing generation of SAR chasm ... large crevice or rapture ... and they all fall intuit even if not believing in holes in space ... comedic joust takes two sides ... disturbing one side or the other by the lay dropping her flag ... thus we rag on because nothing is serious!
It is said the gods like diversity ... isn't that diabolical!
Mrs.Anteater
Just keep going....
Ok, but don’t they have assessments in the states that are the base of paying taxes? Those would not go by what Trump tells them but by comparable properties. Or do they have a completely different system there? I am also not sure how it is with residential property and business property in Canada, maybe a different system as well.
When one is interested in buying a property, first thing is usually looking at the assessment.
When one is interested in buying a property, first thing is usually looking at the assessment.
In Ontario assessments are usually done every 4 years (MPAC), so as in the case of market fluctuations (eg. during Covid) they aren't always a reflection of market value if a property hasn't been evaluated recently.
Also, Trump most likely found an appraiser that spun the facts....and along with comparative market analysis( CMA's), square footage is considered (which Trump had the appraisal grossly exaggerate), land value and rebuild costs.
There are three methods of appraisals 1.) Cost approach 2.) Sales approach 3.) Income approach
Mendalla
Happy headbanging ape!!
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That's only for property tax. For income tax on a sale, you are taxed on the capital gain (profit) unless it is your principle residence, which is 100% exempt. The problem comes if you claim to have sold it for (say) $800,000 but the fair market value as determined by a licensed appraiser is (say) $1,000,000. MPAC value doesn't necessarily enter into it since it is a provincial system geared to a different purpose (setting an assessed value for determining property taxes, which are annual).
Yes I believe the mill rate comes into affect for municipal taxes also.
For residential mortgages financial institutions rely alot on current market values, I would often get calls from banks for that information when we used to use the old real estate books in the 80s, then it was computerized info over time.
Also I was answering mrs.anteater with regards to where a real estate appraiser would most likely look for determining a price when listing a property, not so much using the property tax assessment. Usually its the CMA.
CMA's are usually a list of similar properties in a comparable location, to the one being appraised or put on the market, that are 1)currently listed properties; 2)similar properties that have sold and their selling price and 3)similar listings that didn't sell and their listing price.
This process helps to put a listing price on a home being put up for sale and is usually presented to a home owner to justify how an agent arrived at a listing price.
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Mendalla
Happy headbanging ape!!
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Apparently, he technically can't so the GOP caucus would have to finesse things. The House GOP has rules forbidding the Speaker from serving if indicted. They could change those rules, but it would be an extra process that would delay election of the speaker. This article on the subject from Newsweek also points out that if the Dems all vote against, it would only take 5 Republicans to defeat Trump's nomination.
Fact Check: Do Donald Trump indictments bar him from House speaker role?
Some GOP House members have indicated that they would support the former president in a vote to select a new House speaker.
www.newsweek.com
Tell me about sanity in this powerful world again and how I babble to conform and fit in! Such is the human flaw ... a great divide .. divined as abyss between heaven and hell as bottom line! From there the unseen takes on offens, dissonance or Eris ... you did know that Eris was a metaphor for a storm in the dark occult (this simulatess myth and mystery).Apparently, he technically can't so the GOP caucus would have to finesse things. The House GOP has rules forbidding the Speaker from serving if indicted. They could change those rules, but it would be an extra process that would delay election of the speaker. This article on the subject from Newsweek also points out that if the Dems all vote against, it would only take 5 Republicans to defeat Trump's nomination.
Fact Check: Do Donald Trump indictments bar him from House speaker role?
Some GOP House members have indicated that they would support the former president in a vote to select a new House speaker.
Some great authors declared this in the sense of things initiated in a dark and stormy state ... there are implications in the interpretation! These mayy cause great momentum or momentous minutes ... instantaniously! It is all in the tempering ... a hanging point resembling gimmel! Thomas Dooley knows about it ... because doodling in the wrong spot ... good point eh? Yet few listen and demand muteness ... it comes ... anon! One might rush off and rest under the vegetation ... a quick R.I.P. Eire ... then one is stimulated as Jack ... a stalker? May be a Ephraim form for all we know ...fete noire, or femme fatale? Love to Deis for eh ... Amigo ... that's how thoughts diminish! They go down in history and histology as meat on the bones ... bag it ... a mediacal enigma ... life iteself!
Maybe a Pa Rabble or metaphor of Tara's dimension ... on fire? Pho queue lures ... they love a story compared to pure data ... thus outliers ... black swans of inky nature ... CW Lewis dedicated a text to inklings ... diabolical item about God and devious activity to stay below the physical horizon ...
I am fascinated with mental enigmas and darker things like psychotics that Dr John Dourley introduced me to ... inadvertantly in a seminar on sacred matter! Really alien to those that believe they know self ... and few know it or its counterpart as alter! Matters to question ... hewn as an odd Hue?
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Delightful Life
M&M, Cascadian Lovers
Is any of that Illegal?
I can see it being unethical...
I alas don't know this area of adulting lol
Redbaron
Pirate fan since the dark ages
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In brief, yes.
Oh! It couldn't be when you consider how many of the powerful take advantage of the loop ...
Raising a question on ... "what makes power in this function?" This is an UNWOKE item in the Gnostic Agenda that rages in religion!
Consider the rule that politics is forbidden in BS Circles! Now in NB there are fundamentalists guiding us away from such laws and guidelines as it does not suit their ends ... yet it is forbidden to speak of Gnostic-Hidden Agendas as schemes (or conspiracies).
It appears as the (de) deux (Duos) that this can go either way. Of course this will learn towards the enigma of endogeneity to limit the populace as we cannot do that in our crazed conditions of emotions. Can our future depend on balanced psyche when psyche is denied as the un-mined? Never mind! It is out there ... tis a fuzzy dimension ... nebulae? Fiery clouds ... as when "heh" sets and the dark cover takes over ... capper? Just to top off the realistic non sentient materialists ...
Delightful Life
M&M, Cascadian Lovers
Another thing (rhetorical, don't know if it can be answered)
If the Orange Pimple, at the end of this, is found innocent, I hope those who dislike and even hate him will be able to go Rule of Law has worked and time to move on
If the Orange Pimple, at the end of this, is found innocent, I hope those who dislike and even hate him will be able to go Rule of Law has worked and time to move on