Trump’s Mar-a-Lago, Valued at $18m by NY Judge, Sold for $20m in 1981.

Donald Trump’s Mar-a-Lago estate, valued at just $18 million by Judge Arthur Engoron in a civil fraud trial against the former president, sold for $20 million in 1981.

“In 1981, the New York Times reported that Mar-a-Lago was for sale for $20 million,” commented America First lawmaker Rep. Matt Gaetz, sharing a clipping of the story.

thenationalpulse.com...

So with ALL the millions and millions in renovation and improvements over the years...Mar-a-Lago is NOW worth $2m LESS than it was 43 years ago?
According to a leftist, Trump-hating judge with a personal vendetta to convict Donald Trump in a sham political trial, it is.

These Leftists are full of crap...and everyone knows it.

The DOJ, FBI, and many political appointed judges are so corrupt both in their thinking and rulings only God can save America ..

a reply to: CarlLaFong

They don't even try to hide it now, do they.

a reply to: CarlLaFong

Once again, the judge didn't value the house. He was using the valuation done by the Palm Beach assessor.

Furthermore, when Trump bought the property it was zoned as a private residence. It is now zoned as a beach club that is also on the historic places registry. That severely limits what any future owner can do with it.

It's obviously worth much more than it's been assessed at.
As DBCowboy said ... "they" don't even try to hide it anymore.
pffft.

originally posted by: CarlLaFong

Donald Trump’s Mar-a-Lago estate, valued at just $18 million by Judge Arthur Engoron in a civil fraud trial against the former president, sold for $20 million in 1981.

“In 1981, the New York Times reported that Mar-a-Lago was for sale for $20 million,” commented America First lawmaker Rep. Matt Gaetz, sharing a clipping of the story.

thenationalpulse.com...

So with ALL the millions and millions in renovation and improvements over the years...Mar-a-Lago is NOW worth $2m LESS than it was 43 years ago?
According to a leftist, Trump-hating judge with a personal vendetta to convict Donald Trump in a sham political trial, it is.

These Leftists are full of crap...and everyone knows it.

Bolding mine.

Unfortunately, at least half the country DOESN'T. And that is the problem. We wouldn't be in this mess if those Americans used their brains.

You really think Trump kept the place up? You think it been updated? Take a look at those bathrooms that he kept the stolen documents in.

And I'd have to know what the current value of real estate is where Mar-a-Lago is located. I'd also need to know what kinds of improvements the place needs.

Without those, you really can't say what it's worth. But I'm betting the Judge has that info.
Whatever the value, doesn't Trump still fall short of paying E. Jean Carroll? LOL!

originally posted by: Threadbarer
a reply to: CarlLaFong

Once again, the judge didn't value the house. He was using the valuation done by the Palm Beach assessor.

So the Democrats got the Palm Beach assessor to do their bidding?

Furthermore, when Trump bought the property it was zoned as a private residence. It is now zoned as a beach club that is also on the historic places registry. That severely limits what any future owner can do with it.

So making it a beach club and an historical site droop its value by 2M over 43 years. When every other real-estate in the country astromicaly grew in value over the same time period?

Do you actually believe the arguments you make or are they simply a means to an end?

a reply to: Dandandat3

Trump seemed to be happy with the assessment. He even argued when the assessment went up to $20 million.

originally posted by: Threadbarer
a reply to: Dandandat3

Trump seemed to be happy with the assessment. He even argued when the assessment went up to $20 million.

Ok ok you convinced me. Mar-a-Lago defied inflation over the last 40 years by astounding margins because of reasons.

originally posted by: Disgusted123
You really think Trump kept the place up? You think it been updated? Take a look at those bathrooms that he kept the stolen documents in.

And I'd have to know what the current value of real estate is where Mar-a-Lago is located. I'd also need to know what kinds of improvements the place needs.

Without those, you really can't say what it's worth. But I'm betting the Judge has that info.
Whatever the value, doesn't Trump still fall short of paying E. Jean Carroll? LOL!

Yeah I bet the place looks like Fred Sanford's front yard
DERP

Here's a little shack next door to Mar A Lago built on less than half an acre listed for $45 million
1090 S. Ocean Blvd West Palm Beach FL

You really need to get out of your libtard bubble

a reply to: CarlLaFong

Value of $1 from 1980 to 2024

$1 in 1980 is equivalent in purchasing power to about $3.61 today, an increase of $2.61 over 44 years.
The dollar had an average inflation rate of 2.96% per year between 1980 and today, producing a cumulative price increase of 260.64%.
S ource

So discounting any improvements to the property and the real estate market.

Just based on inflation alone the property is worth $5.2 billion

But math is racist now so...

originally posted by: watchitburn
a reply to: CarlLaFong

Value of $1 from 1980 to 2024

$1 in 1980 is equivalent in purchasing power to about $3.61 today, an increase of $2.61 over 44 years.
The dollar had an average inflation rate of 2.96% per year between 1980 and today, producing a cumulative price increase of 260.64%.
S ource

So discounting any improvements to the property and the real estate market.

Just based on inflation alone the property is worth $5.2 billion

But math is racist now so...

Your maths gets 5.2 billion from 20 million x 3.6?

originally posted by: Disgusted123
You really think Trump kept the place up? You think it been updated? Take a look at those bathrooms that he kept the stolen documents in.

And I'd have to know what the current value of real estate is where Mar-a-Lago is located. I'd also need to know what kinds of improvements the place needs.

Without those, you really can't say what it's worth. But I'm betting the Judge has that info.
Whatever the value, doesn't Trump still fall short of paying E. Jean Carroll? LOL!

It’s not even worth responding to you guys with anything other than a meme because you just don’t get it and never will get it.

Truuuuuuuuuuuuump!!

originally posted by: Threadbarer
a reply to: CarlLaFong

Once again, the judge didn't value the house. He was using the valuation done by the Palm Beach assessor.

Furthermore, when Trump bought the property it was zoned as a private residence. It is now zoned as a beach club that is also on the historic places registry. That severely limits what any future owner can do with it.

Whatever the case...you aren't actually arguing that the home is not worth more than 18 million!? I would buy it TODAY for 36 million without a second thought and I can guarantee that tomorrow I will make money. And I don't mean 1 or 2 million profit. I mean considerable profit. And don't tell me that a president's residence doesn't make a historical difference financially...

originally posted by: BedevereTheWise

originally posted by: watchitburn
a reply to: CarlLaFong

Value of $1 from 1980 to 2024

$1 in 1980 is equivalent in purchasing power to about $3.61 today, an increase of $2.61 over 44 years.
The dollar had an average inflation rate of 2.96% per year between 1980 and today, producing a cumulative price increase of 260.64%.
S ource

So discounting any improvements to the property and the real estate market.

Just based on inflation alone the property is worth $5.2 billion

But math is racist now so...

Your maths gets 5.2 billion from 20 million x 3.6?

Doesn’t matter really.

The property is still worth much more than what the Liberal nutsack judge said it is.

You would have to be a complete F’ing vegetable not to see the hard on the Liberal whacks have trying to get Trump for anything.

If you don’t see it and actually condone it, that’s on you.

originally posted by: RazorV66

originally posted by: BedevereTheWise

originally posted by: watchitburn
a reply to: CarlLaFong

Value of $1 from 1980 to 2024

$1 in 1980 is equivalent in purchasing power to about $3.61 today, an increase of $2.61 over 44 years.
The dollar had an average inflation rate of 2.96% per year between 1980 and today, producing a cumulative price increase of 260.64%.
S ource

So discounting any improvements to the property and the real estate market.

Just based on inflation alone the property is worth $5.2 billion

But math is racist now so...

Your maths gets 5.2 billion from 20 million x 3.6?

Doesn’t matter really.

The property is still worth much more than what the Liberal nutsack judge said it is.

You would have to be a complete F’ing vegetable not to see the hard on the Liberal whacks have trying to get Trump for anything.

If you don’t see it and actually condone it, that’s on you.

I didn't say anything about the accuracy of the valuation (which wasn't done by the judge).

But inflation from the 1980s doesn't make it worth billions.

a reply to: AlexandrosOMegas

I'm not in the real estate industry so any speculation I did would be based on nothing.

Maybe you should try asking an expert on local property values. Like, say, the Palm Beach Assessor.

a reply to: watchitburn

It seems like a lot of people in this thread need to go back to school to learn how percentages work.

I own a property.

My taxes are dependent on what the property is valued.

Some assessors try to jack up the value to create a higher tax for the homeowner.

Others will lower the value to create a lower property tax base for the owner.

It's an arbitrary assessment based on WHO is doing the evaluation.