The substantial difference between the assessed value and the sale price highlights the role of buyer perception and market dynamics in determining property values.
The property was later resold in 2021 for just over $13 million, representing a 25% decrease from the purchase price. This decline underscores the volatility of the real estate market and subjectivity of what a property may be worth.
Stewart Responds
His response to Pool on X got 8 million views.
“OMG!! I’ve been caught doing something not remotely similar to Trump! I guess all I need to do now is start a fraud college, steal classified docs, bankrupt casinos, pay hush money, grab pussies, discriminate in housing, cheat at golf and foment insurrection and you’ll revere me!”
The fact remains that the NYC case where Trump has been asked to pay 1/2 billion dollars in fines is about overvaluing his properties to a bank in order to get a loan.
And a disclaimer was included with the application encouraging the bank to do their due diligence of the values.
