Crocodile Tears? Or has the "Swamp" flooded Mar-a-Lago? | Real Estate Market Value

Trump is in the hot seat, AGAIN. Trevor Bauer's future in the MLB or will he continue to play baseball in Japan? Real Estate Trivia, whether Andrew or Nick will win!

Why are we covering these topics on Full Count? The attorney general alleges Trump inflated the value of his assets like his Mar-a-Lago Estate in which the judge says the estate is inflated by 2,300% (Judge and AG are using the Palm Beach County assessor's appraisal price value vs the market value), which is just wrong.
- Note we were only able to cover Mar-a-Lago and not the NY real estate property due to time constraints. Maybe we will cover that in the future. Let us know your thoughts! Comment, subscribe and like or don't lol.

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NY Attorney General Letitia James is suing Trump through a civil lawsuit for inflating his (real estate) assets. Says he defrauded lenders, insurers, and others by lying about his wealth for the purpose of seeking favorable loan terms and insurance costs. The judge has sided with the AG saying there’s evidence Trump fraudulently inflated his net worth.

Trump and his attorney’s claim that the lawsuit has no standing because the entities Trump supposedly defrauded have never complained about their dealings to anyone and in fact have profited from working with him, and if this did have any standing the allegations are barred by statute of limitations (deadline for filing a lawsuit) and had asked the judge to throw out the case, arguing that there wasn’t any evidence the public was harmed.

Eli Beracha (instagram- https://www.instagram.com/dreliberacha/) , a professor and hedge fund owner, was quoted in “The Sun, New York” article about this topic where he said, “Appraisal values and market values are just not the same thing. It’s a well-known fact. That’s especially true for properties that are unique, and that’s very easy to argue this is a unique property. It is not the job of the county appraiser to assess value. If it was, we wouldn’t need Zillow.” End quote and may I also add, real estate agents among other technologies. “County officials like the ones in Palm Beach County that Judge Engoron cites, merely perform drive by appraisals that are used to assess taxes, not total value.”

- An appraisal that should be considered is by an actual real estate licensed appraiser that looks at comps in the area to determine the home’s actual value. An assessment is a measure of value that indicate how the property will be taxed by the state and local government. In addition, there would need to be a business broker of some sort or some type of entity to evaluate the value of the Mar-a-Lago private club business and the brand behind it which requires a whole other variety of variables besides looking at the financial statements.

**** SOURCES ****

Trump vs. NY Attorney General -

https://www.nysun.com/article/error-in-new-yorks-civil-fraud-case-against-trump-is-flagged-by-industry-insiders-who-say-valuation-of-mar-a-lago-cited-by-judge-is-based-on-a-misunderstanding-of-basic-real-estate-practice

https://abcnews.go.com/US/live-updates/trump-fraud-trial/?id=103642561

https://therealdeal.com/national/2023/08/30/ny-ag-accuses-trump-of-inflating-property-values-by-2-2b/

https://apnews.com/article/trump-new-york-civil-lawsuit-fraud-88379aaf16849c255365ff871384ff7e

https://apnews.com/article/donald-trump-letitia-james-fraud-lawsuit-1569245a9284427117b8d3ba5da74249

https://nypost.com/2022/09/21/the-properties-trump-is-accused-of-overvaluing-in-alleged-fraud-scheme/

https://www.cnn.com/videos/politics/2023/10/03/letitia-james-prosecute-trump-2018-comments-running-office-cnntm-vpx.cnn

Trump MERCH:

https://www.politico.com/news/2023/08/26/trump-mugshot-fundraising-00113118#:~:text=Politico%20Logo&text=Donald%20Trump%20has%20turned%20his,to%20POLITICO%20by%20his%20campaign

https://www.cbsnews.com/amp/news/trump-mug-shot-campaign-fundraising/

https://www.bbc.co.uk/news/world-us-canada-66632882.amp

https://abcnews.go.com/amp/Politics/trump-campaign-raised-9-million-mug-shot/story?id=102662645

https://www.businessinsider.com/trump-mugshot-fundraising-merchandise-profit-2024-gop-fulton-county-2023-8?amp

Trevor Bauer

https://www.youtube.com/watch?v=9nhOcSY60Ko

https://www.youtube.com/watch?v=XGRBdMkxzjc

MLB footage @MLB

https://www.youtube.com/watch?v=ApoJk9X7Vto

https://www.youtube.com/watch?v=zYFNXHQaCBA