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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Dope1 ⎊  😊 😞
Number: of 86282 
Subject: Re: Trump's "fraud" in NY
Date: 03/13/24 5:44 PM
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I'll just reply to myself here and restate things.

That "judge" is an idiot, and no, I don't need to know anything about his background to know that he sucks at his job.

Let's keeping picking on the $27.6M valuation for Mar-a-Lago. MaL has 62k square feet of buildings on a 17 acre plot and contains a highly developed resort with multiple amenities right on the water.

Say. Maybe in doing an initial valuation exercise we might want to know what land goes for in the general vicinity? That way we at least have a baseline. Is there any land for sale around that same area?

landsearch.com - S ocean blvd manalapan fl

2 Acres of Residential Land for Sale in Manalapan, Florida
1820 S Ocean Blvd, Manalapan, FL 33462

This is vacant land 8.7 miles down the A1A from MaL.
bing.com: mar-a-lago size - Bing

I highly doubt there's a toxic waste Superfund site, prison, garbage dump or chemical plant in this part of Florida so let's assume that land valuations are consistent between MaL and this place.

How much is this? one might ask. It's...$27.6M - what a coincidence - and it's on...1.97 acres. That pencils out to...hmmm...carry the one...$14.01M/acre.

So that means that just on land value alone MaL is worth AT LEAST $238 million.

Let's forget about the 62,000 square feet of buildings and the fact that this is a money generating resort with a golf course on site. How does the judge's ruling that Trump inflated the value by 2,000something percent look now?

Or, rephrasing - How incompetent does the judge's ruling look now?

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This community has written 86,214 posts about US Policy. The article-length ones it recommended most:
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