You said it was worth $40M
Trump bought it for $41M or so and then invested another $25 M into it. Should have been worth at least $66M, not 40.
It was valued at $125M, but '08 (beginning of R/E slide) Trump settled for the $95M.
Value for a property like is damn near impossible to determine. Not many comps around.
There's really nothing unusual about the transaction except the size of the $'s. Trump bought before/during the R/E boom and then got out at the right time.
Fern
and who's to say that $25 in renovations made it worth $25 million more than purchase? They are Trump renovations, after all, so the place probably looks like a nightmare of an Imperial French abortion. No one wants to live in that shit...OK, some ridiculous Russian oligarch maybe. You know: the type of style that poor people think rich people have.
Not one of us can actually say what the house was "worth" on purchase. But to value it at nearly 90% appreciation on the investment is patently absurd. For any type of property, that is completely nuts. AFAIK, no one is actually living there. You're not an idiot Fern, and
you know that this is an indefensible money pot. And even if this were legit: you clearly have the non-controversial fact that this squarely puts Trump in the pockets of Russian oligarchy.
That isn't a single coked-up fantasy from the most ardent right wing Hillary hater about her mythical corruption and dealings that could come remotely close to these wide open deals that Trump has long been engaging in. He is now POTUS. stop pretending that any of this is, in any way, above board and in no way concerning.
The guy is compromised up his distended asshole. Even a middle schooler can see this.