They let the power that comes with the position get to their head.

It's a fact that the Palm Beach Assessor put the value at 18 million.

hope you feel the same way about the supreme court lol

He based the valuation on Palm Beach Counties assessors valuation between 2011-2021, so that's pretty factual

@@admiller67 It's also a fact that banks don't use Assessor's property values when reviewing loans. "I am as dumb as the judge" isn't the winning argument you think it is.

Right, because realtors don't use the $18 million dollar TAX ASSESSMENT from over 10 years ago, they use the current market value. Which is not what the court reported was in the documentation. They pulled that number off of his records. They didn't just make it up.

It's a zoning issue. Trump had the property very narrowly zoned because he got a tax credit, then lied about the zoning when he appraised it. If you bought that property you wouldn't be able to do anything with it. You couldn't log it, you couldn't mine it, you couldn't build houses on it. The land is useless for anything but entertainment venues.

​@@hopefulbutworrieddoesn't maralogo make 25 million dollars every year? How is it only worth 18 million? 😂😂

@@hopefulbutworried an evaluation of what? Not market value but tax liability. You ever buy a car? Bet 1000 cash you got a loan for more than it was worth.

@@hopefulbutworriedyour clearly biased in this whole situation

Either way the judge is a ieing sack of sh** He's totally biased

Exactly! The house I live in was purchased for more than 200,000 but the tax’s were assessed at 45,000 the year before we purchased it. SMH 🤦‍♀️

Lol exactly!!. Plus some places just do a drive by and estimate based on the outside. My mom's house was valued at 3x it's appraisal value because the outside was so beautiful but the inside was under construction. She invited them in and they changed it. We all know that if you want to pay less taxes you make the outside look worse than the inside. 😉

The 3% cap is if it is his primary residence, which it was not until after he left office in 2021

STOP IT, STOP IT, ORANGE MAN BAD, PERIOD!! 😂

I disagree even though I get your point. We can't allow the current political environment to persuade our judicial establishment. We just have BAD judges installed in this wonky system ... judges should remain unbiased.

Yes, get rid of JUDGE CANNON

But they got him dead to rights, though. The number he wrote on documents were lies. He claimed that the square footage of his nyc apartment was three times the size it really was. They also have the documents his accountants created, and when they went into trumps office they were one thing, and when they left they were different. So he can't even claim his accountants screwed him.

For banking purposes the land value of Mar a Lago is irrelevant. It is a business, and you value it as a business. As a business, it could easily be valued at a billion. R

@@RalphEllis No when it's collateral on a loan, for insurance coverage of property taxes. Which is what the case is about.

LOL!

😂nice..

They should volunteer to pay back taxes with interest on the real value of marge largo then if they dont like the figures the DA used to stick it to this fraudster

@@mgers75 The "real value" is for the seller to determine but may not be what he gets for it during a sell. The city assesses the tax liability which is beyond the property owner's control. There are no backed taxes because he paid what the city billed him for. Even so, if the city miscalculated the taxes, that is on them in Florida, and they can't charge him for back taxes on that. They can correct their mistake for future tax liability.

@@LordFirestaff How did Trump receive such a favorable Tax Assessment? City jus dont turn down money. Did Trump grease palms?

Holy shit, the paperwork is public. That is exactly what they did. And the suit is on behalf of the government for all the back tax they are owed, because Trump also claimed the properties were almost worthless when he paid property tax every year. He's either lying to the banks, or the state. Either way he owes someone a huge amount of money. He keeps insisting they're worth the higher amount, which is literally him openly admitting to lying on his property taxes for decades.

Exactly something not adding up here

They also didn’t file a complaint….

You you think the bank would pay 500 dollars to go out and do a appraisal at Mira Lago, lol

​@@fleafly70that's why it's just a judges horrible opinion. It's lunacy to believe any of this Dem BS.

100%! Banks lend on appraised value only, which for this home was likely several appraisal reports. Assessor’s also value the home for taxation purposes, and they don’t go on the owner’s estimate either. They should make an example out of that judge. The dude looks like “Doc” from Back to the Future. You know he’s nuts.

Yes but that's not what this is about. The 18 million wasn't invented, Trump had the property appraised in 2011 for 18 million and in the years since has paid property taxes on the development at a value of 18 million to 28 million. So the Judge looked at the discrepancy between the value in Florida, 18 million and the loan value 450 million and said the legal value is the one he paid taxes on so 18 million. That is not stupid at all, its a consequence of seeking hilariously low values for taxes and normal values for loans

​@Zaviex The COUNTY assigned a property tax value of 18 million. They do this to all properties. The person owning it doesn't ask or get a say in the assessed tax value. What the value of the square footage/location AND what it earns him by being a club is how it's MARKET VALUE is assessed. It's a commercial property. It brings in REVENUE.

@@Zaviex Yeah, you didn't read anything I said, if he got a loan, someone comes out to appraise it themselves, and they determine the loan size on that appraisal. County assessors do their own appraisal to determine property taxes, also not trump again lol

@@Zaviex I can only assume you don’t own real estate, since everyone who does knows the county or township assesses value and bases the real estate tax on that; usually through mass appraisals and not individual homes. An owner has zero to do with value estimates of their own property for any purpose. If that were the case, everyone would value high for a loan and low for taxes. And let’s not forget about home owners insurance. They value the home too based on cost to rebuild. To repeat, what anyone thinks their house is worth is valuable only in their own mind.

Bruh that is a crazy house

Joe Rogan got crazy money lol. They said his studio that they are in right now. Is bigger than Walmart. Let that sink in

Joe would use Duttons house for his personal gym aha he's got more dough than dominoes

Seriously. He doesn’t know that Trump is an ex-President?

golfed 80% of the time he sat in the oval. dude basically wasnt

@@the_wudarian Biden campaigned from his basement watching kiddie po-rn, and you voted for him (probably from your basement watching kiddie po-rn).

@@the_wudarian apparently Biden has already broken the record for vacations at least a year ago. Does it matter anymore? At least Trump can easily say it was a working vacation just by the fact that he had foreign dignitaries with him most of the time he golfed. Also golfing isn't an all day event.

Trump wants to kill Gen. Mark Milley. What were you snowflaking about?

paid in full.. lmao. Yeah sure, name that all the companies that went bankrupt, because trump never said people in full, especially loans and work.

​@@prdr4913Going bankrupt isn't fraud lol... fraud is when you get a loan knowing you can't pay it back then you steal the money, or you use the money for something other than what it was intended for. Trying to run a business and failing, isn't fraud. This happens all the time, it's the whole reason why bankruptcy exists.

The ruling was not based solely on Mar-a-Lago. The NY judge found multiple instances of Trump and his adult sons having inflated the value of properties. For instance, Engoron found that Trump inflated the value of properties at 40 Wall Street and the Seven Springs Estate in Westchester County, NY as well as a golf course in Aberdeen, Scotland. Notably, Engoron found Trump inflated the size of his triplex apartment at Trump Tower by three times, causing an overvaluation of between $114 million and $207 million. “A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” Engoron wrote. Cintron, the Harrington Ocko & Monk partner, doesn’t think the Mar-a-Lago valuation controversy moves the needle on the question of whether Trump committed fraud. “There is enough of a pattern of this practice that he’s engaged with in respect to his properties to support Judge Engoron’s conclusions that there was an intent to defraud,” Cintron said.

622 REAL ESTATE CASES As a property manager, Trump has been sued by tenants and investors alike. He’s faced disputes over his properties from New York City to Florida to Chicago, including fights over unpaid rent or lease terms. He’s also settled claims by “testers” that travel the nation checking hotels for compliance with the American with Disabilities Act. REAL ESTATE LAWSUIT'S OUTCOMES PLAINTIFF 153 DEFENDANT 469

​@@joannewilson6577They will leave out these facts...it's a pattern of behavior

Exactly. They know he’s inflating or deflating to help himself. They know they’re inflating or deflating to help themselves, then they iron it out and meet somewhere in the middle. The government doesn’t need to be involved.

The issue is the taxes he's paying on these assets. He's making filings and fighting to depreciate the same properties. The government doesn't care about the bank, they care about the tax dollars he doged. @@markislivingdeliberately

Solid point. They also only give a loan based on a percentage of the value of the property (70-80%). Ive never heard of a bank giving a loan based on the entire value of the property.

“Elementary, my dear Watson.” The simplicity of the situation, has been lost on politics.

Lĺ Lllllllll

Uh no, because Trump himself argued the ASSESSED value of Mar-a-Lago to be less than $26 million in 2020. Trump is intentionally conflating ASSESSED value with MARKET value, so as to make it look as though he dunked on the judge. To put it another way, we all watched Trump play fast and loose with real estate terms and values to make himself look better, in a fraud case where he is accused of playing fast and loose with real estate terms and values to make himself look better. And you think he's in the clear? Wow!

Please don't act surprised, when orange man will have to pay maybe more than 500 million USD in fines to the state for his real estate valuation crimes at the end. You won't understand why he needs to pay, and that's not a problem, but please don't be surprised. Anyway Papa Rogan was ABSOLUTELY INSANE in this clip :D. The guy admits that he knows jackshit about real estate, but either way, he spreads his IGNORANCE and MISINFORMATION just because it feels good to be dumb and irresponsible :D. First of all, that property has NUMEROUS RESTRICTIONS ON IT, so it can't even have a 100 mill. value. Secondly: Papa Trump AGREED to a 27 million appraisal value in 2020, because it was wonderful to pay jackshit in taxes. That's the scheme. But the guy will pay BIGLY after the trial ends :D!!! I would think the appropriate fine should be around 500-600 million USD, but we will see. It will be also interesting to see Trump become a millionaire (from a billionaire) :D. He will have to liquidate all of his NY businesses, towers and real estates at depressed prices. If the guy is worth 2.5 bill, he sells his properties at 1.2, he pays the 500 mill fine, then he will get to around a worth of 700 mill. If he also has to pay back the 250 mill. that he stole from the MAGA cultists with the election lies, then he will arrive to 500. Let's substract another 100 for legal fees and we will get back to the magical 400 that he got from his father 40 years ago :D. If this "genius" had put that amount in the SPX, he would have a 20 billion USD wealth today. This orange American Hitler is RIDICULOUS.

Avoided? Communism is being pushed heavily in the education system.

economics, accounting, finance.... facts, numbers, statistics, science... the powers that be wants good obedient sheep and customers they can drink blood from.

No! The government is not our daddy. It's the parents' responsibility. Stop being lazy and teach your kids!

The U.S political system is a hot dumpster fire. The economy is trash. Even our education system is complete garbage. Do not teach my kids how to fail. And force me to pay for it.

How are these avoided in the education system? Political science and economics are very common courses. What are you talking about?

When you have TDS, "logic" is just a word.

All this proves is that the avg person is dumb. You are correct an appraisal was done. The judge is basing the 18mill on tax appraisals which are never market value

The judge based it what trump valued it at in his taxes…this is trumps own doing…relax Jeanna Sullivan

​@@JwadeProductions7The tax value isn't determined by Trump, so your statement is false.

@@JwadeProductions7 Maybe if you continue to post the same 100% wrong thing again and again, it will become true. Are you literally on drugs right now?

Have you ever heard the term " traffic of influence"? No wonder why you MAGA boys. are so gullible.

Exactly. The bank made the loan. The bank was paid back in full with interest. Both the bank and Trump came out ahead. No victims here. Plus, the person pressing charges on Trump ran her election with the promise she would go after Trump. Seems about as unethical as you can get. You'd think this would not be allowed. The claim the justice system is being politically weaponized is blatantly obvious. The world has gone insane.

The bank isn't going to go measure the square footage in your house, they're going to look at whatever paperwork they're given, then determine a valuation based off of that.

You are so nieve. There are different rules for the rich and famous and peasants like us! Like how all of those US banks did business with drug dealers to launder their money 💰 🤑 And all of those banks overseas help millionaires evade US taxes. Yeah, banks always do things by the book😂 Same reason why a Billionaire like Trump paid ZERO DOLLARS IN TAXES FOR OVER 10 YEARS and then paid only 750 bucks for the year! 16-year-olds working at taco bell get more taxes taken out of their paychecks than that a year! The super rich have ivy league educated tax attorneys, accountants and also know CEOs and chairman's and presidents of these same companies, banks and countries...and you actually believe they have to go through the same rules as we do??? Smh. So nieve.

​@@davidskipton690you don't know what youre talking about.

What Trump did is 100% fraud and I'm extremely right wing. Inflating assets to take personal loans out on those inflated assets is fraud.

Not only this but tax assessors are just as incentivized to lie up as owners are to lie down.

​@@HughRGleneverything has to your way I guess

We do it selling a car. If we're doing it right we help the buyer avoid tax because fuck those guys.

Ahh America at its finest

Why, they are Trump haters.

An excellent unexpected crossover!

Who

this new one? or one from roughly a year ago

Ha, Francis blazing with that fat blunt

Taxable value and market value are not the same thing, especially if it has been a long time since the property traded hands. They’re often not in the same universe. And commercial property gets valued based on the income it generates. I’ve seen a lot of comments saying it brings in $15m/year….If that is a net number, and you assume a “cap rate” of 3% (probably conservative for that area - may be even lower) the value would be $500m

Be realistic…commercial property that size in that area would be larger than 60 million

@@sheril8739 not when it can't be changed or altered, it is what it is & thats all it ever can be so its a very limited commercial property which lowers its value

​@@robertpierpont2262who's saying it can't?

@@CrispyCars you better look into it since you seem to not know. Its nearly 100 years old, its an historic property. Ever watched shows like Zombie house flipping which is in florida? They run from anything historic because the rules & regulations on those properties are insane!

Trump gets his money from Deutsche Bank...one of the most fined and corrupt lenders in the world.

The DA literally ran on a campaign to get Trump.

The remarkably troubled recent history of Deutsche Bank, its past money-laundering woes - and the bank’s striking relationship with Trump - are the subjects of this week’s episode. The German bank loaned a cumulative total of around $2.5 billion to Trump projects over the past two decades, and the bank continued writing him nine-figure checks even after he defaulted on a $640 million obligation and sued the bank, blaming it for his failure to pay back the debt. The filings were made in response to a highly unusual move by lawyers for Trump, his family and his company seeking to quash congressional subpoenas issued to Deutsche Bank and Capital One, a second institution he banked with.

Its between trump corporation and its lenders (banks) end of story. Banks are not complaining. Ive never heard of district attorney’s creating cases of people overvalued assets to get loans and banks not complaining. Its pretty obvious its politically motivated. If you want to get him get him on some real crimes rhey probably comitted. Too bad the entire federal government already tried for 2 years during russiagate and found nothing…

It doesnt matter to New York whether the banks got hurt or not. Persistent fraud. He got his greedy hands on money that he was not entitled to. That prevented other potential people, like other Americans, from getting loans. It’s a big Ponzi scheme that the judge has already ruled on. Damages are all that’s left to be decided.

The remarkably troubled recent history of Deutsche Bank, its past money-laundering woes - and the bank’s striking relationship with Trump - are the subjects of this week’s episode. The German bank loaned a cumulative total of around $2.5 billion to Trump projects over the past two decades, and the bank continued writing him nine-figure checks even after he defaulted on a $640 million obligation and sued the bank, blaming it for his failure to pay back the debt. The filings were made in response to a highly unusual move by lawyers for Trump, his family and his company seeking to quash congressional subpoenas issued to Deutsche Bank and Capital One, a second institution he banked with.

@@joannewilson6577 And yet other financial institutions still don't have any problems lending Trump money? Why is that? Maybe you don't understand what you think you claim to understand.

@@RobRochon Many? Private party loans don't count. After Trump went bankrupt 6 times, the majority of corporate lenders diminished significantly. Eric and Don Jr both proudly and separately said that a good deal of their financial activity comes from Russia. That was years ago.

WTF does a judge have to do with pushing an agenda that interferes with a citizen and a bank? Not even police were involved.

is what people are willing to pay for it

They don’t even know what they are talking about.

@@sylviafisher9615 LOL?

😂 - great bit

@@sylviafisher9615 dont bother the guys sounds like a nut hugger you wont get anywhere

@@sylviafisher9615 they know a hell of a lot more than you.

The way Trump purchased property along with the zoning and land restrictions caused the value to be that low. I dont think Joe or any of his guests understand the case. Joe doesn't realize the damage he causes by not being informed on the details and making his opinions. Whether Joe likes it or not he is basically the news to some people. It is irresponsible to have reckless regard in communicating information. .

when

@@dmolmalowski he was a paid speaker at some event and was doing the same thing all politicians do talking about trump and his policy in a negative way , this was before the case was brought

Trumps own lawyers asked for the judge and didn't request a jury lol

@@ketleonetwothousand2059 I never said he didn't!! Comon sense says he did so to prove a point and put light on the fact that the judicial system is all political, just like the woke say it is !!

Deutsche Bank did...

Well sorta, but a man's livelihood is at stake. I don't find it funny when bogus lawsuits seek to steal property from others.

Yeah Bruh... Yeah. wallstreet bets. down with short sellers. GME to the moon Bruh

@@silkyb-love don't argue with these idiots.

The remarkably troubled recent history of Deutsche Bank, its past money-laundering woes - and the bank’s striking relationship with Trump - are the subjects of this week’s episode. The German bank loaned a cumulative total of around $2.5 billion to Trump projects over the past two decades, and the bank continued writing him nine-figure checks even after he defaulted on a $640 million obligation and sued the bank, blaming it for his failure to pay back the debt. The filings were made in response to a highly unusual move by lawyers for Trump, his family and his company seeking to quash congressional subpoenas issued to Deutsche Bank and Capital One, a second institution he banked with.

Correct. If the bank is unwilling to file charges, there is no case.

@@LordFirestaff whose watching out for taxpayers and the financial markets? If everyone did what Trump did, it'd be a meltdown

@@silkyb-love How? How did his loan negatively affect you? It was a private transaction that had no bearing on your livelihood.

There were 88 properties listed in the case, and he owes enormous amounts still on most of them. You did read the case, right?

@@silkyb-love As if people don't try to inflate the value of their assets all the time to get loans. But those poor little bankers are so naive they just believe anything someone tells them. They don't even bother to employ appraisers and real estate experts because they are so trusting.

It's incredible that some call Joe a journalist. If he's the new source of info we're screwed. He's way worse than the MSM.

😂😂😂excuses, excuses!!! LOCK HIM UP ASAP!!

It doesn't even matter what Trump says, the BANK SHOULD BE the one doing the evaluation, and Trump paid back the loans with interest anyways... Who was hurt??

2 acres of land just sold for 100 million, Trump owns 20 acres...that's not including the structures on the property...this is common sense....hilarious

​​@@mack8154so to answer your question. The bank was hurt because they would have either not loaned him the money or loaned it out at much higher rates to account for the risk. The fraud is all the interest he should have paid that he didn't. This is by the way exactly what caused the 2008 financial crisis. Literally this. A bunch of people pretended to have income they didn't have to get loans for property that then when they couldn't pay back, wasn't worth what they got a loan for. As to "yeah but the banks job is to know that" Well yes and no. Part of what they do is make you fill out a form under penalty of perjury saying things like my property is this big etc and he lied on those. I'm not positive about Mara Lago but he gave a sqft for an apartment he owned in Trump Tower that was 3 times it's actual square footage. As to Mara Lago there's another problem though. HE FOUGHT THE COUNTY ON THE VALUE FOR PROPERTY TAX. this is where it gets pretty clearly ok you know what your doing. The county would come and say it's worth 300 million and trump would say no no no, I've given a bunch of this land over for conservation and this and that and it's worth 20 million. Then he county would agree and tax him at 20 million. He would then go to the bank the next week and tell them it's worth 1.5 billion. Quote "In 2020, Donald Trump appealed a $26.6 million valuation of Mar-A-Lago by the Palm Beach County Tax Assessor as being too high." So the judge is agreeing with Trump on his own value of the property. Which is where it gets hard to square the circle. Was he lying then or is he lying now? He either owes back interest or back taxes. He wants his property to be worth 2 million for taxes and 2 billion for collateral. I can't do that. You can't do that. Why can he? What makes him special?

The left has went so far bat shit crazy, loony left that anyone with common sense is branded far right.

What did you plug all that stuff into dude?

Potato@@idiotology5568

And a $40/mo Hulu membership to watch all episodes of king of the hill.

Exactly.

@@cyberft If the banks think something is amiss, they may send an appraiser. In this case Deutsche Bank thought the Trump family overvalued their assets by $2 billion - but they still gave them the loan, which means that the alleged overvaluation was immaterial to the business conducted. There's no legal requirement to have a property appraisal on every property you have (and 3 appraisers will give you different values anyway). Corrupt DAs and judges should not re-write the law to persecute people. It's not really that tricky to figure out.

My uncle back in early 2000’s used to get bank loans with a hand shake and his word. He leveraged himself badly. Banks wanted their $ in 2008. Over come with shame, he decided to drive off a cliff on the way home.

The banks did that. The Banks didn’t use Trump’s word.

@@nealorr5086 Deutsche has a troubled history with regulators and prosecutors. Over the past decade a number of sanctions have been imposed on the bank and it has paid big fines over its failure to crack down on money laundering and over allegations of enabling tax violations, price fixing and foreign bribery. Why did Deutsche Bank crash? Before that, the bank went through a long stretch of low profitability and troubles with regulators going back to the 2008 global financial crisis, including a $7.2 billion penalty from U.S. authorities for misleading buyers of complex mortgage-backed securities that later went sour.

It would cost about 30 million to rebuild, so by definition of value it is worth at least 60 million. A property cannot be valued for less than it costs to rebuild. Basic real estate.

You know damn straight he has a safe in that house that's literally full to the brim w/ cocaine.... 😂

​@@xpndblhero5170Him or Hunter?

It's a dump he bought it cheap & has not made many renovations. Just look at that picture of the bathroom & stage he kept the boxes/documents. It's a dump!

My bathroom in a 200,000 home looks way better than that dump!

can the dirt be developed because maralago can't be touched or altered making it worth less than 2 acres of dirt that can have anything built on it.. lordy use your brain!

I mean seriously, they can rent out rooms & have weddings & banquets there & thats really it, thats a very limited use with very limited income, 2 acres could have a high rise condo or apartment building built on it & bring in a whole hell of a lot more money per year

@@robertpierpont2262 I'm in real estate my friend...Trumps property is worth 800 million to 1 billion plus easy...but thanks for the laugh....lol

@@robertpierpont2262 you must have voted for Biden....perhaps you should use your brain...lol

@@davidscialabba6884 sure buddy. maybe to the Saudis.. 800m to 1b.. thanks for the laugh.. & hes only taxed on it between 18m & 28m... derp!

His homework is picking what whisky and weed he's going to consume during the podcast

Hey look. Some people DO know how to read. Warms my heart a bit.

The 18M is the CITY/COUNTY TAX ASSESSOR VALUE. Trump had nothing to do with it. That valuation is hugely different from market value.

@@txrdhdinaz184 I wouldn't put it past Trump to have bribed that city assessor so he could save on property taxes.

What a crock of shit, trump has nothing to do with this. No way he could even get away with it if he did. Calling some ignorant when you yourself are even more wrong than them is hilarious 😂

No one asks if Trump will get back his $$taxes since he assessed his taxes on a property that was 7x what they say it was?

@@chetbuxton764 Land tax assessment is VERY different from market value.

@@chetbuxton764 This is not how property tax works.

@@wyattgouldthorpe1880 can you tell investopedia this. They are even confused by your long, thorough and brief explanation proving them wrong “Property taxes are calculated by taking the mill rate and multiplying it by the assessed value of your property”

Still bank fraud.

You people don't understand what you're dealing with. These people believe the only truth is power and they tell you as much as every opportunity. Therefore, if they are in power (which they are) and declare they are unbiased, it is true because power said so.

The Supreme Court is filled with biased judges. What’s your point? If you’re saying our entire judicial system is screwed, I’d say you are correct.

Just like cops take an oath but how many of them never abuse their power😂 how many doctors do not abuse bilking the insurance companies and medicaid and Medicare???

If they could read they would be angry.

So, everyone who gets lied to and defrauded has no one to blame but themself, and fraud shouldn't even be prosecuted, or what are you saying?

@@richardmetzler7909 How did you get "fraud shouldn't even be prosecuted" from me making the accurate observation that the bank does not just let you make up dollar amounts for your collateral? Have you ever gotten a loan from the bank? Did they just take you at your word for it as to the value of your assets and income? BTW, the bank who you say got lied to and defrauded, is perfectly fine with the details of the loan, even after this story broke. You just really really wanting Trump to be guilty doesn't make it so.

@@chrisfuller2069 I would hope that a company's official financial statements are more reliable than "just making things up". (Donald Trump doesn't seem to think so, though.) The thing is, Trump didn't even share all relevant information with the accounting firm that put together the financial statement. Why do you think his business partners got better info? Whether the bank is okay with it is irrelevant - according to the law, what matters is whether the financial statements were untrue, and they were.

that place can't be a 'home' so it can't have a homestead exemption

its literally a commercial property & no one can live there legally, trump stays there much more that what the original terms allowed but they let him get away with it

It’s COMMERCIAL property!! All this talk on tax rates is interesting, but it’s meaningless when Trump values it at $500 million. Total BS. But it’s what Trump does.

Its not. Some people still think "Mueller Time" is going to come.

bingo. Which they agreed was correct, obviously.

yeah. as usual rogan has no idea what he's talking about

​@@krusher74Rogan seems deep in the right wing Texas bubble apparently

@@skatealex1100% agree!

​@@skatealex1🙈. 🙉 lalalalala misinformation misinformation

One minor correction is that it should have never been filed, but the problem is that it's in NY so the appeals justices are also corrupt. Let's hope they are less corrupt.

@@nealorr5086 Oh, I completely agree, but it's political. When it's thrown out, he should file a lawsuit against NYC, the AG, and the judge.

@@nealorr5086 yeah this case is seemingly kind of silly but who knows til it comes out. Trumps real trouble is coming out of Georgia false election fraud case

I think the overarching point is even to someone who doesn't know "shit about real estate," the $18 million valuation was so glaringly inaccurate.

@@LordFirestaff that’s probly what their planning on happening, knowing that they won’t by actual face any consequences and it will all just fall on the tax payers so again trump looks like the bad guy for taking money outta the tax payers pockets… there is no good outcome

Let him pay taxes on 800 million if that is what will make Joe happy

And backdate it as far as possible just to be fair,wouldnt want to upset Joe

Dude… go back to sleep.

@JamieMilkz if you don't know these facts it sounds like you're the one thats asleep. Go buy a house and figure it out.

You're correct, valuation by the county isn't always accurate. Some counties don't update their valuation regularly at all, and its partially based on the properties nearby which do sell within that range if you look at Zillow. So I would like to see the details of the assessments before saying the Judge was biased. That might be all he can legally go off of, also. Trumps lawyers might be able to argue that, but is that all there is to the case?

Fraud is fraud. Not enforcing it sets a terrible legal precedent.

​@@sthubbins4038Fraud can't be fraud if no banks or states were defrauded. Try again buddy. There's no such thing as a victimless fraud case. You have to defraud someone for it to be fraud

​@@sthubbins4038 You don't even have enough money to commit fraud.

The victim is the state of Florida.

@@jumpski2655 The state of Florida told Trump they would only tax him based on an 18 million dollar price. Try again, it would be Palm Beach or Florida suing Trump, not New York. You also cannot commit a civil crime against a state, that's not a thing. A state isn't a person.

Good expanation...thanks...

Either way, trump still inflated the value for loans and lowered it for taxes.

Bizarre? Dude its all political. They dont give a fuck about me, you or American voters. Its politics.

Inexperience! They are purposely doing this. Tired of people justifying corruption as accidental. Wake up.

@@Zion66666thats not illegal!

@@Zion66666 Just like any smart businessman would do. If he paid more taxes than he was required to I wouldn't be voting for him.

Exactly. He put forward the 18 mil stat for taxes. Not the judge

​@@alexatedwproperty owners don't control a tax assessed value. The county controls taxes. My property could be taxed at 375k but worth 500k. Owners cannot control the tax assessed value, they can only dispute it if they believes it's higher than the property value.

You're speaking g facts to people who aren't interested in them.

This isn’t funny

​@@omensoffate😂 mad bro

@@omensoffateouch you angry bro.

There’s a writers strike? Didn’t notice.

@@omensoffateimagine being miserable

Have you considered the possibility that you’re wrong about this?

That's not true. People go to jail all the time for manipulating home appraisals. It was so bad in 2008 that they made it illegal for banks to do in house appraisals. It has to be with a 3rd party now. When it comes to large estates the rules are different though because where are so few on the market. It makes it hard to appraise. That said. Mar a Lago is worth at least 10x what that dumb judge said it's worth.

@@deelowe3 you can’t go to jail for telling a bank you think your home is worth what you think it’s worth. You are simply stating your belief of your property value. It’s then the bank’s responsibility to verify it.

@@deelowe3 I am extremely familiar with property values in south florida. Mar a lago is an incredible piece of palm beach real estate. I would conservatively value it at $850,000,000.

I will give you 51 sight unseen

I’ll give u 52 right now

Everything is a historical site eventually

Being a historical site can also lower the price depending on the history. A house somebody was murdered in drops the price astronomically for an extreme example

No.. you can’t develop land on the property

This property doesn't fit that description. @@king_vision4085

​@king_vision4085 but THAT example isn't the case here.

Except they did. The 3rd party appraiser testified and the corrupt judge didn't give a shit.

@@humanbeing8400 the deed restrictions make it so you can't compare it to the residential homes near it, that's what Joe is doing.

@@jrgregg75so hes falling into the propaganda

Weak & gullible GQP snowflakes agree 👍

why?

@@tommy1wingy Because if you come for Trump! You're really coming for his supporters! LOL

​@@CBDguitar knock it off

@@DHDivineONE The buffoons need educated

You lucky dog. I’m sure it’s not luck though and you’re just driven and high IQ

The location and view is incredible. Not to mention all the rich and famous people living around it as neighbors. The net worth is somewhere between $500 million and a billion. Even Forbes' valuation is lowballing it at $300 million.

I live in downtown WPB can I came thru and buy some merch??

Only if it was a home. Its not. It’s a Community Center by the Sea for MAGA. You are mistaken and know very little about the topic. He changed the Zoning in the early 90s to lower his taxes because he was heading in to bankruptcy again. That forever hurt the value of the property. He somehow is still allowed to live on the property. The agreement in place with the town says he cannot. Palm Beach has been letting that slide.

Right, but those could be separate things. A single property can have multiple uses and split up in the accounting. Even small business owners do this, not sure why it is such a phenomena that big business people do it as well.

Due to workers intentionality flooding the pool?

@@CBDguitar due to Trump outlawing Democrats from the property.

@@worldobserver3515 But then it's only worth something to weak & gullible GQP snowflakes.

I wouldnt give you a penny for it.

Went up? Went down? Or just went? I’m confused

Nope. Read my comment on this thread.

Anyone who applies for a mortgage inflates their home. And the assessed value is always lower. Usually based on prior years values and a percentage of that. And no one can really give value on that property. There’s nothing like it and people will pay more for trump’s property. But one thing is true. There’s no way it’s only 18.0mm.

Even when you get a loan for a $100k house, the bank determines the value. You can tell them it's worth $1m, but it doesn't matter.

Dumb as they come 😂 stop commenting

@@Bobtubeau Deutsche Bank’s private wealth unit loaned Trump $48 million - after he had defaulted on his $640 million loan and the bank’s commercial unit didn’t want to lend him any further funds - so that Trump could pay back another unit of Deutsche Bank. “No one has ever seen anything like it,” said David Enrich, finance editor of The New York Times, who is writing a book about the bank and spoke to Trump, Inc. ➧ Deutsche Bank loaned Trump’s company $125 million as part of the overall $150 million purchase of the ailing Doral golf resort in Miami in 2012. The loans’ primary collateral was land and buildings that he paid only $105 million for, county land records show. The apparent favorable terms raise questions about whether the bank’s loan was unusually risky. ➧ To widespread alarm, and at least one protest that Trump would not be able to pay his lease obligations, Deutsche Bank’s private wealth group loaned the Trump Organization an additional $175 million to renovate the Old Post Office Building in Washington and turn it into a luxury hotel. Like Trump, Deutsche Bank has been scrutinized for its dealings in Russia. The bank paid more than $600 million to regulators in 2017 and agreed to a consent order that cited “serious compliance deficiencies” that “spanned Deutsche Bank’s global empire.” The case focused on “mirror trades,” which Deutsche Bank facilitated between 2011 and 2015. The trades were sham transactions whose sole purpose appeared to be to illicitly convert rubles into pounds and dollars - some $10 billion worth. The bank went through a long stretch of low profitability and troubles with regulators including a $7.2 billion penalty from U.S. authorities for misleading buyers of complex mortgage-backed securities that later went sour.

I wish he hadn't become a pure right wing defendant 24/7.

Thank you Jason. You are Spot ON! 👍

@@larryray86 Wish in one hand and shit in the other, see which one fills up faster.

@@stephenhood2948 Ohhhhhhhh

And banks don't let drug dealers launder their money through their banks for a cut. And banks overseas don't help US millionaires and Billionaires evade taxes. Banks always go by the book right? There are different rules for the rich and famous

No, he paid 7 million and he claims it's worth 1.5 Billion

7 million in the 80s, now adjust for inflation and the ever increasing housing prices

​@@VictorAriasits worth well over 200 million objectively

Relative to the land that surrounds it, it's worth more than what he claims. But you obviously aren't going to get a judge that's unbiased with a figure as massive as Trump.

He paid $10 million in 1985...Over $28 million when adjusted for inflation.

First, Trump is no longer president. Second, if Trump sold it, it would no longer be his to use as the winter White House even if he were (ceiling cat forbid) to become president again.

Yeah, because Trump isn't in prison yet.

we're laughing at them because Trump/Biden is the best they have to offer. Two party politics is fucked.. nothing to do with US Justice.

And you are watching Rogan comedy club to know the facts,you are that gullible.

Tax value.

Case in point, "VALUE". you cant argue tax value is property value divided by 60 lolz.@@LordFirestaff

@@maxmeier532 You can list your home for whatever you want. If it's sells for $1billion, he'll pay capital gains on it. You can claim it's worth more than it is for a loan and the bank can then reject your loan based on that.

You answered your own question. The banks even testified there was no fraud. The corrupt judge didn't give a shit.

Why would the banks sue him as the worst case scenario is they lended too much money that was paid back, so they collected to much interest.

No, it was the local assessor's "valuation". It was upon that valuation that he has to pay taxes. Sort of like income tax. you're learn all about it when you buy a house.

@@nealorr5086 exactly, but nobody ever said, especially the judge, that the house was actually valued at 18 million. JRE has his facts wrong

@@EdwardHeavrinThat's exactly what the judge said. The judge said that Trump committed fraud by valuing the property at over 700 million because HE KNEW it was only worth 18 million since that was the tax assessed value.

Fraudulent documents

Trump probably hired an appraiser and paid him to inflate the price worth. I’ve seen it as a property manager

@@king_vision4085 Can you explain to me what type of document it was and what was fraudulently put on it?

@@king_vision4085then it would have been a criminal trial. That is a crime. And yet this is not a criminal trial and no banks have filed complaints or charges against him.

@@king_vision4085 Compare it to all the lots around it, which sell for $30m per acre at minimum... times 17+acres... and then add in that it's a business which does $25m/yr, and calculate the valuation of the business plus the value of the land... and you'll see why THE LENDERS' INDEPENDENT APPRAISERS AGREED WITH TRUMP'S NUMBERS.

Gotta love the Rogan Strategy 😂 speak with full authority, say “but I’m an idiot who doesn’t know jack” THEN read

Didn't turn around at all. They thought 18 million was ridiculous appraisal, they read the article and laughed at how ridiculous that appraisal was; especially after looking at the pictures.

@@M4rio21 And the judge implored the media to stop reporting that he’d been the one to value the golf club and resort at $18 million. However, it's too late. Weak & gullible GQP snowflakes already ran with the lie.

It turned around in that Rogan started off saying how corrupt the judge is because he is determining himself what the property is worth, but after reading the article realized the judge got the pricing information from evidence in the trial. Sometimes I like Joe, but other times he comes off as such a buffoon. He complains about the media so much but he can be quite the misinformation machine.

@@M4rio21 No. When Joe brings up Maralago Konstantin instantly goes "Oh the inflated value" He was talking about when Trump said it was worth 1.5bil. Which makes sense cause Konstantin is big Ukraine supporter

2 mil buys an average 500k home in seattle portland area

@@patgraeme775 I'm no math genius, but I would think it would buy 4 such homes.

@@nealorr5086 the point was if an ordinary house is now half a mil , a palace on 4 acres in Miami is going to be expensive as fuck

Sharing a lot line with this place is a 3400 sq ft house on .67 acres valued at $52M. You live in a slum compared to the property values in that area.

Take a guess what he valued it for tax purposes… I’ll give you one guess. Lol crazy

A bank agreed to what it was worth, no? Who would have a better idea of the value? You. Or an appraisal team at a bank who is doing the loan? Just curious.

@@markislivingdeliberately Thats not what this is about. He paid property taxes on the building in 2016 at 18 million dollars, the value he claimed on a loan was MUCH different. The judge took the amount he was paying taxes on as the correct value. Guess what, if you try to get favorable numbers in different places, one too high and one too low, this can happen to you. 18 million is absolutely a legal value for the building that Trump signed off on when he paid taxes at that value. How about this, would Trump be willing to refile and pay property taxes at his recently stated value of 1.5 billion? He would owe around 150 million or so. Compared to the 1 million and change he paid over that time.

​@Zaviex ha! exactly! rogan is always going on and on about how he researches everything. He got this totally wrong. The judge said $18million because that's what Trump claimed! He wanted to pay lower taxes! Why is everyone in this comments section having such a hard time understanding this!?

There are houses right next to it that are 1/6th the size and are currently worth ~140-150m so unless you think its value went from 18m to 800m in less than a decade

@@Zaviexeven if he wants higher number he literally can’t. Valuation changes are capped by 3% per year, unless maybe, since I don’t know the law there, Trump would insist to dispute the number to pay higher taxes. Which has no use for him because bank didnt consider the property as just $18 mill. Do you know anyone with their right mind that would ask for re-appraisal so they can pay higher taxes with no upside?

Do you guys seriously think they're just making it all up? Is that the world you live in?

Dont bring facts in this discussion. This is Joe Rogan.

Wait why would that decrease the value?

@@katieannrocks7947 It doesn't. It's a business, making money. It's worth MORE than a private residence you can only live in because this place provides an income. You'll pay for that in the asking price as well. OP knows nothing about buying a business, thinks it's like buying a house. Probably 12 years old.

@@katieannrocks7947 The Chesterfield Palm Beach Awarded ‘#1 Hotel in Florida’ by Conde Nast Traveler’s Reader’s Choice Awards 2 years ago, recently sold for about $1,275 per sq ft. A top luxury single family private residence in Palm Beach recently sold for about $7,700 per sq ft. Huge difference. But even though $18m seems low for Mar-a -Lago, it’s much much closer to the true value than $1B - $1.8B that Trump claims.

@@katieannrocks7947 because no one can /live/ in it

AND THEN went and got loans stating it was worth much much more. So he like always he wants it both ways, for taxes it's not worth anything but for a loan approval it's the most expensive piece of property in America.