Post #15356 by albaby1 on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (58)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 7

Then what's this

A different property. There's a Trump-owned golf on the other side of the intracoastal. It's not part of Mar-a-Lago. Did you think it was?

My mistake. It has "Guest rooms", but those are for members.

Right. They can't charge for those rooms - it's not allowed to be a hotel. And since there's "only" 33 bathrooms in the residence, it in no way compares to the 1,074-room Boca Raton Hotel.

As I've shown, appraised value /= market value (which is often more).

But not an order of magnitude more. Property appraiser offices in Florida generally aren't aiming for exact market value, and they are often 10-20% below actual market value (cuts down on everyone filing valuation appeals) - but they're typically not appraising things at 1/15th of market.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (58)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.