See how your home price would look if you applied the same level of inflation that a New York judge laid out in a ruling in a fraud case against Trump.
, including in interviews where Trump announced that his net worth depended on his mood. But there’s a difference between Trump, salesman-turned-politician, overstating things to close the deal and the Trump Organization presenting inflated data to potential lenders. In one case, Trump is trying to extract your vote in a marketplace bounded almost solely by the constraints of personal honesty and free speech.
“Not withstanding receiving market values from professional appraisals in 2000, 2006, 2012, and 2014 valuing Seven Springs at or below $30 million, Donald Trump’s 2011 SFC reported the value to be $261 million, and his 2012, 2013 and 2014 SFCs reported the value to be $291 million.” There is undeniably some subjectivity here, with appraised values varying over time and by appraiser. What the judge delineated, though, was a wide divergence between what the Trump Organization had been told by objective reviewers a property was worth and how the property was valued in financial documents.
At times, the valuations were explicitly based on false data, the judge noted, as in the case of Trump’s apartment in Manhattan’s Trump Tower: It was presented as extending over 30,000 square feet when, in reality, the space was only about a third that size. Applying a price-per-square-foot to that exaggerated size meant a huge, inaccurate increase in presented value.
But here is a different approach. Instead of defending the Trump Organization’s inflation efforts, you can put them to work for you. The tool below allows you to choose a property value between $100,000 and $1 billion and see how those values might have been presented to investors had the Trump Organization’s inflationary metrics been applied.
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