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.
Yes, I’d like to trade in my car. No, the transmission doesn’t work, but please value it as if it did because I forsee it being fixed in the future.
More like: I’d like to trade in my $2200 shitbox, but I expect said shitbox to become a vintage collectible over the next few years so I’m going to need you to credit me around $45000. No low ballers, I know what I have.
I cant tell you how many Craigslist ads I’ve seen for an old car where the chucklefuck seller said something to the effext of “I’m asking for 5x what this broke down car is worth because I’ve seen them go for 10x what it’s currently worth when you restore it. It’s only fair I get part of that.”
Every time
Now I need to find a way to get paid as if I wasn’t a waste of oxygen. I could have gone to uni, after all.
In that case his property value should depreciate tremendously
Bigly
“Everybody’s saying it’s worthless. Do you believe that? But I say it’s worthmore. Worthmore, because the great American people say it’s worthmore. I was having dinner with Abraham Lincoln, and do you know what he said to me? He said, ‘Sir, I wish I could live where you live. I’d pay five billion dollars to stay just one night in the home of the president.’”
“Sir, you’re holding up the drive-thru.”
In other words, a license to bullshit about a property’s value.
We have a name for that, it’s called fraud.
Stable premium + Genius premium + Perfect disclaimer premium = Pricele$$
