Frederick Chin, who was qualified as an expert in real estate valuation, argued that Donald Trump used the “as if” investment value of his properties, rather than their current “as is” market value. According to Chin, the “as if” valuation perspective allows a real estate developer to consider the long-term development plans of a property when determining its value.
Except Trump signed documents at some point that stated the properties were assessed at “market value,” i.e as is.
Exactly. He lied.