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re: Jon Stewart overvalued his NYC home by 829%; he said Trump’s civil case as not victimless
Posted on 3/27/24 at 4:10 pm to Wildcat1996
Posted on 3/27/24 at 4:10 pm to Wildcat1996
quote:Yes. As much as I love seeing Steweart hoist on his own petard, it isn't really the same. Trump didn't have 3rd party buyers with their own money saying "this is what it's worth, so here's money equal to that".
This is stupid. His house was worth whatever the buyer was willing to pay.
The hypocrisy comes around the tax piece. Nothing Stewart did was "illegal" - but it's not a great look to ride these low tax assessments and then bitch about other people's harms.
2
Posted on 3/27/24 at 4:11 pm to lsufball19
quote:That is still not the same as Stewart. Stewart didn't have to make up any figures. Whereas Trump literally lied on a form. I'm sure that's illegal and I'm sure the forms say that's illegal. That does not excuse or make me care about the bank, but it's simply a different act than selling a house.
The bank's underwriters approved the loan. That's on them for accepting Trump's properties' values. ANd the loan was repaid all the same.
Posted on 3/27/24 at 4:11 pm to Big Scrub TX
quote:
Trump didn't have 3rd party buyers with their own money saying "this is what it's worth, so here's money equal to that".
Yes he did. They testified on his behalf in this very case
Posted on 3/27/24 at 4:13 pm to GRTiger
quote:AFTER he lied about the amount. In Stewart's case, there was no figure. The house just sold. Now, if Stewart had said to his buyer "here, I have an appraisal that I did which says the value is x" AND he had given the appraiser false info which was incorporated, that would have been much closer to the same thing.
Yes he did. They testified on his behalf in this very case
The Trump thing is stupid and a political witch hunt, but it's just not the same thing. I'd rather call Stewart out on real stuff not fake stuff.
Posted on 3/27/24 at 4:16 pm to Big Scrub TX
Nobody is seriously calling Stewart out for criminality or civil liability. That's not the point at all. The point is to try and get someone to explain how the thing that Trump did is tortious while simultaneously explaining how what Stewart and millions of other people did/do isn't.
Posted on 3/27/24 at 4:17 pm to Big Scrub TX
quote:
Yes. As much as I love seeing Steweart hoist on his own petard, it isn't really the same. Trump didn't have 3rd party buyers with their own money saying "this is what it's worth, so here's money equal to that".
He had 3rd party lenders that did exactly that.
Posted on 3/27/24 at 4:17 pm to TerryDawg03
quote:
Nothing but talking points by people who don’t understand. Leary is spot on.
The lack of understanding of how businesses and economics work is prevalent with the left wing
Posted on 3/27/24 at 4:17 pm to L.A.
quote:Good God Almighty! Some people really are financial imbeciles! Since when does the owner determine Tax Valuation? Are these people living in Oz or down the Wonderland Rabbithole?
“The attorney general of New York knew that Trump’s property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties,” Stewart added.
Posted on 3/27/24 at 4:21 pm to NC_Tigah
Makes me giggle thinking of all the progressives being gaslit to believe they might be sued by the state if their tax assessed value is lower than what it says on Zillow.
Posted on 3/27/24 at 4:26 pm to L.A.
If the dims didn't have double standards, they'd have no standards at all.
Besides, it's totally (D)ifferent for Stewart. He needed that extra money for adrenochrome and more Etatist campaign donations, so it's cool.
Besides, it's totally (D)ifferent for Stewart. He needed that extra money for adrenochrome and more Etatist campaign donations, so it's cool.
Posted on 3/27/24 at 4:35 pm to TigerAxeOK
I wish I could set the value that my taxes would be calculated on.
Posted on 3/27/24 at 4:37 pm to Big Scrub TX
quote:
That is still not the same as Stewart. Stewart didn't have to make up any figures
Are you assuming Stewart paid cash for this property? Are you assuming Stewart has never taken out a loan for a residence or investment property? You’re making a distinction without a difference. The point is there is absolutely nothing wrong with using appraised value over assessed value when applying for a loan. Stewart clearly disagrees. Hypocritically.
Posted on 3/27/24 at 4:49 pm to BBONDS25
quote:This is just not related to the thread at all. The NYP article is about him selling a property for $17M that was appraised for but a fraction. He didn't make up the $17M figure - it was given to him by the market.
Are you assuming Stewart paid cash for this property? Are you assuming Stewart has never taken out a loan for a residence or investment property?
quote:Trump had an appraisal for the ultra high values he gave the bank?
The point is there is absolutely nothing wrong with using appraised value over assessed value when applying for a loan.
Posted on 3/27/24 at 4:50 pm to BBONDS25
Tim Pool deserves all the credit on this article.
Posted on 3/27/24 at 5:02 pm to BBONDS25
quote:
Are you assuming Stewart paid cash for this property? Are you assuming Stewart has never taken out a loan for a residence or investment property? You’re making a distinction without a difference. The point is there is absolutely nothing wrong with using appraised value over assessed value when applying for a loan. Stewart clearly disagrees. Hypocritically.
Oh my god. Why are you going out of your way to make up scenarios? Again, none of that is what happened in the sale of Stewart’s apartment? Why do you feel the need to reach?
Posted on 3/27/24 at 5:08 pm to Mo Jeaux
A loan was given based on an inflated (relative to assessed) value. Is that or is it not actionable? Should the person who bought Stewart's house be sued for applying for and obtaining a loan for more than the home's value? Should Stewart be sued for obtaining such an incorrect appraisal during the selling process, assuming he went through the very common process of selling a home?
Posted on 3/27/24 at 5:23 pm to Big Scrub TX
quote:
Trump had an appraisal for the ultra high values he gave the bank?
What does ultra high mean here? Are you comparing it to the valuations provided by James? In other words, you believe MAL's value is $18 million?
Posted on 3/27/24 at 5:42 pm to Big Scrub TX
quote:
This is just not related to the thread at all. The NYP article is about him selling a property for $17M that was appraised for but a fraction. He didn't make up the $17M figure - it was given to him by the market.
Of course it does. Stewart said using appraised value over assessed value is fraudulent. Stewart has, at least once, purchased an expensive piece of property. Do you honestly think he doesn’t know the difference and has never in his life done the same exact thing? You have to really twist your neck to miss the point here. Yet here we are. We arent in a court of law trying to find some distinction to get to some reasonable doubt. We are discussing a talk show host clearly being a hypocrite.
quote:
Trump had an appraisal for the ultra high values he gave the bank?
Of course he did. Are you unfamiliar with the case? And what makes you say they are ultra high?
Posted on 3/27/24 at 5:44 pm to Mo Jeaux
quote:
Oh my god. Why are you going out of your way to make up scenarios?
You have no idea what the discussion is even about. It went over your head.
quote:
Why do you feel the need to reach?
Oh my. The only way you can save any face is if you claim complete ignorance and you didn’t know the difference between appraised value and assessed value. I promise you Stewart does.
Posted on 3/27/24 at 6:07 pm to BBONDS25
quote:Tell me you don't own a home without telling me you don't own a home.
You know who has. Every single person who has ever purchased a home.
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