The people in NYC are the problem, and they will get their dues.

Boycott NY

If you are in NY, leave.

This.

He should start demolition of any and all properties in New York.  Start with apartments and rented offices.  I'm sure most have approached max depreciation tax wise.  Time to remodel.  Make the demo timeline 10 years, due to permits and inspections.  The government takes 3+ years to repave and repair 12 miles of interstate. 10 years for a multilevel structure seems expedited.  Any building with a possible structural deficiency, close immediately and let it set empty with no lights on.  Make the city argue the building is safe to occupy.  The city doesn't have a mechanism to force occupancy.  Have every building that is empty rezoned during construction to decrease taxes.  

So I take it when you got a mortgage you personally determined the value?  Or did the bank send an independent assessor?

Did you use the square footage from the outside of the house or did you measure inside and then remove the walls, closets, utility room, etc.?

Because if you didn't apparently that's gonna cost you 300 million.

Nevermind the fact that is not how it's ever been done and square footage is only serving as a point of reference.

It's certainly illegal to lie about the assets you have - for example, claiming 10 sports cars when I only have 1 - but assessments are simply that, assessments.  If you have an asset, it doesn't have a concrete value.  One assessor might give a vastly different number than another assessor, and neither are right or wrong.  So no, it is not fraud to claim that an asset has a certain value.  Claiming it doesn't mean that the other party has to agree.  That's just your suggestion.

My house is worth about $100,000.  If I put it up for sale for $200,000, that's not fraud.  It's just dumb, my house isn't going to sell.

My house is worth about $100,000.  I go to a bank and say "I believe my house is worth $200,000.  I would like a $100,000 loan."  That's also not fraud.  The bank will come back and say, "No, our assessment shows your house is worth $100,000, we can only give you a loan of $50,000."

I claim that I have 10 sports cars worth $100,000 each, and I would like to take out a loan with those cars as collateral.  I only have one sports car worth $50,000.  Somehow I trick the bank, and get the loan.  THAT is fraud.  I default, the bank comes to possess my cars, finds I don't have any, sues me, I go to jail and lose everything.

Jonathan Turley makes the cogent points:

https://jonathanturley.org/2024/02/20/pay-to-play-trump-faces-a-staggering-cost-for-appeal/

These moves by NY State cannot possibly be ratified by the courts if there is any constitutional order whatsoever.

Just like all of the justices of the USSC were unreceptive to Colorado's argument to keep him off the ballot, expect a similarly hostile reception to these tactics by NY in an effort to establish the principle that the government can take your property with no crime committed and then make it impossible for you to appeal without being bankrupted.

Roberts is a deep state cuck, but this calls into question the entire judiciary as an institution and whether or not it has any role in America going forward.

The exodus from NYC is ramping up. While the Commies in NYC are celebrating, Investors are taking their money and leaving. Leave the city to the rats, both four and two-legged varieties.


https://www.foxbusiness.com/real-estate/real-estate-investor-immediately-discontinue-working-nyc-trump-verdict-florida-texas

While the principles don't exactly map, the overarching justification would be the same:

It reminds me of how Howard Roark handled Courtland Homes in "The Fountainhead."

Get Musk to float a short term loan...

Got a town bout 60 miles south of me that was burned during the Civil War, all the towns were in my area so it’s really nothing special, but I digress. Nevada, MO. One day the Kansas men road into town and burned all of the rebels homes. The townsfolk fled to the surrounding woods but when they came back they noticed some of the houses weren’t burned, so they burned them. That’s how this thing goes.

Not without a burn permit......

I don’t know how the guy gets out of bed every morning.

Same here.

A lot of great historical things to see, but not by my eyes.

This entire judgement blows my mind bu the pre-judgement of 100 million in interest is insane.

Common sense tells me that most places would have laws precluding you from just torching your building or home given the danger it poses to other properties and life.

It used to just smell like piss.

I'm guessing it smells pretty third world by now.

I have never seen a single article referencing Trumps supposed overvaluation list the value of any comps.

That was the first thing that jumped out at me when this all hit the news.

You mean to tell me that there was no appraisal? There are no comps to look at? No bank actually brought charges? Well no shit they didn't, Trump's lenders did their due diligence and they weren't wronged in any way. That's why it was the state that brought this suit - it's because the whole claim of damages is made up.

Anyone who has purchased a home in their life should have had alarms going off in their head over this story. Yet nobody seems to ask these questions

Sadly the only course of action that’s remotely possible is to starve these cities/states of tax money. Divest yourself of anything NY and encourage others.

Like CA, NY is going to have to suffer.

No, not for this asinine judgement he won’t.

It would be cool if the banks they claim were defrauded were to put up the funds.

Imagine the statement that would make

Implosion charges and demo all the buildings, let them seize rubble.
Just pull out of the entire state.