Replies to post #467638 on Tornado Alley (PROG)

[hookrider]

B402: "Tax base and employment effected... Empty buildings once full." LOL old fart. Would make looking and renting No Problem!!!! Whats your point!!!!

[blackhawks]

Who TF are you kidding? What's happening to Trump is just a simple warning to not do the crime and it's not that high a bar. Really think big businesses cannot understand and practice 'do NOT overinflate property value for sale listings and deflate the value of the same property for tax purposes'?

https://www.cnn.com/2022/12/06/politics/trump-organization-fraud-trial-verdict/index.html

Ruling Confirms Trump Used Fraud to Hype Property Values
In 2019, ProPublica revealed stark inconsistencies between what the Trump Organization had reported to tax authorities and what it told lenders about the finances of one of its towers. A judge this week ruled the company had committed fraud.

The seeds of the state’s case date back to 2019. In February of that year, former Trump lawyer Michael Cohen claimed in a congressional hearing that Trump had manipulated the values of his assets. “It was my experience that Mr. Trump inflated his total assets when it served his purposes, such as trying to be listed amongst the wealthiest people in Forbes,” Cohen testified, “and deflated his assets to reduce his real estate taxes.”

On Oct. 16, 2019, ProPublica published a story that revealed a series of “stark” inconsistencies between what the Trump Organization had reported to property tax authorities about the financial health of his landmark skyscraper at 40 Wall St. and what the company told lenders. The discrepancies made the building appear more profitable to the lenders, and less so to city tax officials. A real estate and finance professor told ProPublica at the time that the discrepancies were “versions of fraud.” Former New Jersey Attorney General Anne Milgram said, “Certainly, if I were sitting in a prosecutor’s office, I would want to ask a lot more questions.”

[zab]

You truly do not understand anything, New York City will never die. You are probably the weakest person I have ever encountered. America is about surviving, it's about people who lose everything and still keep fighting.

[zab]

Lose its tax base, this is New York, we tax your shit, and then want more. Get over yourself, you are becoming laughable.

[brooklyn13]

Maybe in your parallel universe NYC. In the NYC I live in, I see increasing recovery from covid with a lot of small businesses opening , new high rise apartment buildings going up, kids moving here in droves after college and tons of foreign tourists.

The Whitney Biennial opened this week and will draw record crowds to a venue that could only be here. Try to get a reservation at a decent restaurant on a Friday night, I’ll take a decline like I’m seeing any time

Why is it, do you suppose, that rental and sales prices of apartments keep rising? Hint- supply and demand