First
Lifer
- Jun 3, 2002
- 10,518
- 271
- 136
Exactly. Income property, be it apartments, assisted living facilities, etc. value is based on their rental income or any other side income they produce. No way Trump can square a $6B circle that way.
Exactly. Income property, be it apartments, assisted living facilities, etc. value is based on their rental income or any other side income they produce. No way Trump can square a $6B circle that way.
Besides it really highlights what a self important blow hard he his who has no business being President? None at all I guess.
Charmonium
Diamond Member
- May 15, 2015
- 9,950
- 3,157
- 136
$2.9 is probably conservative but whatever the "real" value is, the point is that it's nowhere near $10B. Even if you double the estimate, which is also probably unrealistic, you still have the issue of Trump overstating his net worth.
Does that really matter to anyone though? I doubt it. People support Trump because of his views, however fucked up those might be. He's willing to say what a big chunk of the conservative crowd thinks and believes and they like the idea of someone who is going to publicly say 'fuck you' to all of the political correctness.
I think right now we're only seeing the tip of the Trump iceberg. I'm sure he has a lot more non-PC views that he's not talking about but will if he feels he's got the support. IOW, it's just a matter of time before he becomes overly confident and his comments actually start to cost him support.
But that won't happen until he's polarized the other leading candidates. They're going to be forced to try to one-up Trump to get any attention at all. We've already seen that happen with Huckabee. That's going to continue until everyone is so far to the right that the boat capsizes, meaning until the Reps produce a candidate that has virtually no chance of being elected. The Dems could nominate Satan, or hell, even Hillary, and still win the election.
Does that really matter to anyone though? I doubt it. People support Trump because of his views, however fucked up those might be. He's willing to say what a big chunk of the conservative crowd thinks and believes and they like the idea of someone who is going to publicly say 'fuck you' to all of the political correctness.
I think right now we're only seeing the tip of the Trump iceberg. I'm sure he has a lot more non-PC views that he's not talking about but will if he feels he's got the support. IOW, it's just a matter of time before he becomes overly confident and his comments actually start to cost him support.
But that won't happen until he's polarized the other leading candidates. They're going to be forced to try to one-up Trump to get any attention at all. We've already seen that happen with Huckabee. That's going to continue until everyone is so far to the right that the boat capsizes, meaning until the Reps produce a candidate that has virtually no chance of being elected. The Dems could nominate Satan, or hell, even Hillary, and still win the election.
Fern
Elite Member
- Sep 30, 2003
- 26,907
- 173
- 106
It's highly unlikely Trump himself did the valuation arriving at the $10 Billion value and all such valuations are just estimates (publicly traded stock would be another matter) and often subjective. (Ever seen an asset appraised for a bank loan purposes versus its valuation for estate tax purposes?)
The difference in the amounts is likely attributed to valuation techniques and access to financial data. Whoever Trump had do his valuation likely had access to the most complete data.
$2 billion or $10 billion; who cares? It's so much money a person could never spend it.
All those mindlessly and immediately jumping to the conclusion that the lower value is more correct are obvious partisan hacks.
Fern
Doc Savage Fan
Lifer
- Nov 30, 2006
- 15,456
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Fern
Elite Member
- Sep 30, 2003
- 26,907
- 173
- 106
Can be based on expected income stream. Also often based on comparables and/or replacement costs. The latter two are more objective.
Fern
Pulsar
Diamond Member
- Mar 3, 2003
- 5,224
- 306
- 126
Me too and especially at all the intellectually superior liberals and conservatives who dismiss Trump as being too inferior to hold the job of President. I would wager he's easily superior to 90 Percent of our population and certainly representative of at least 50 percent in its thinking. He's also the best thing that could have happened to our system. He's 100% what we deserve.
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waggy
No Lifer
- Dec 14, 2000
- 68,143
- 10
- 81
and you should be! he lied! he is only worth 3 billion (ok little less) and not 10 billion!
It's not like any other candidate exaggerated her wealth...or lack of it.
The value of a business can vary, some businesses can support a higher multiple, some lower. Commercial real estate can vary significantly and the study even acknowledged this fact.
This is nothing more than a difference between book value and fair market value. Bbg is using book value, not fair market.
To say he is lying is screed. You simply have no basis to say he is lYing.
What is the forward multiple? Capitalization rate? Finance rate? To say it is simply current cash is a very simplistic viewpoint and penalizes I'll liquidity and non marked to market assets that have poor price discovery. That doesn't make them worth less, it just makes them more difficult to value and more difficult to compared bertween people. This is why they use the system they use.
Anybody who owns more land than financial assets would get penalized in the same manner.
trenchfoot
Lifer
- Aug 5, 2000
- 14,863
- 7,396
- 136
I swear I saw him wink when he mentioned that $10 billion of his. He must've been alluding to the out of country stash(es) that he and every other billionaire worth their mansions and yachts got stuffed all over the world. 
That's the thing about having a shit ton of money, you're not held hostage by sponsors. You can say whatever you want, and if they want to drop you, F them. He doesn't need their money. That is true freedom.
And that is draw of Trump. He can say whatever he wants and people can't do shit about it except NOT vote for him. And if he doesn't get the vote, FU I'm still rich.
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Bitek
Lifer
- Aug 2, 2001
- 10,676
- 5,238
- 136
Well we knew that when he said he was the world's foremost wall builder, who could get the Rapist Nation to build it for us and pay for it.
What I find incredible is we are debating someone's wealth and the +/- is in the billions. Must be nice.
Clearly he needs a tax cut as a Jerb Creator so he lock down his missing billions.
Don't you dare try to stop a good atpn lib circle-jerk. They're so fun to watch all stroking their tiny beta male peepees.
Not a trump fan either, but it's great entertainment to watch the libs on here wet their bunched-up lace panties over this guy.
Not a trump fan either, but it's great entertainment to watch the libs on here wet their bunched-up lace panties over this guy.
Uh - given the 11 entities he was not required to disclose and differing valuations methods I think its certainly within the realm of possibility that he has a significant amount of his assets not directly attributable to his person. That would actually be the smart (and common) way to do it.
But since you say there is no way despite a complete lack of proof for your claim please regale us with the depths of your insider knowledge of Trump's assets and deep financial experience with how billionaires handle their money
nickqt
Diamond Member
- Jan 15, 2015
- 7,667
- 8,021
- 136
Really... this thread is like baby's first foray into big boy finances. I bet you dorks think 50 cent is broke because he declared bankruptcy, too.
No, but I understand the difference between net worth and being broke. I also understand magazines and websites that make this shit up aren't financial experts.
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