Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > The President & the Executive Branch
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

The President & the Executive Branch Discuss Trump Organization's insurance policies under investigation in New York: Source at the Political Forums; Originally Posted by AZRWinger As usual you just parrot talking points with no comprehension of what you write. Cohen the ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #51 (permalink)  
Old 03-11-2019, 06:22 PM
PW Enlightenment
 
Join Date: Apr 2013
Gender: Male
Posts: 12,638
Thanks: 10,388
Thanked 8,504 Times in 5,044 Posts
Default Re: Trump Organization's insurance policies under investigation in New York: Source

Quote:
Originally Posted by AZRWinger View Post
As usual you just parrot talking points with no comprehension of what you write.



Cohen the convicted liar. A lawyer who has discarded the cardinal ethic of client confidentiality. Someone who has retained Clinton fixer Lanny Davis who engineered 12 hours of rehearsed testimony with the staff of notorious Trump hater Congressman Schiff.

But Cohen spews smears against his former client to try to get his jail time reduced and suddenly he has proven Trump's criminality. Never mind Cohen edited the excerpt to exclude the explanation for the valuation change, orange man bad is all that matters.

The source for the claim that a higher valuation would result in a lower premium comes from Cohen's testimony. To believe this it's necessary to conclude that premiums to insure a $290 million property will be lower than those to insure a $7 million property. Anyone who has a home mortgage or bought a car knows the higher the valuation the higher the premium, but there is no need for logic on the Resistance.

https://www.google.com/amp/s/www.blo...-investigators
The value increase of The Trump club Westchester is not that difficult to figure out if one spends a few minutes gathering facts rather than listening to TYT and other liberal talking point sources.

Trump spent 7.5 million in 1996 for the property and then renovated the property at a cost of millions. And then, 16 years later and millions of dollars spent, and the property value increased.

Over time, property values go up.
Renovations typically increase value. Often substantially.

One curious example is a mansion and surrounding 200-acre property that Trump bought in the mid-1990s in Westchester, New York. Back then, he paid $7.5 million. In 2012, according to the records Cohen submitted to Congress, Trump valued the property at $291 million. It’s unclear what supported the valuation, though the summary referred to integral “accompanying notes” that weren’t present in what Cohen filed.
Reply With Quote
  #52 (permalink)  
Old 03-12-2019, 10:41 AM
Dog Man's Avatar
Down Boy!
 
Join Date: May 2013
Location: Southern Nevada
Gender: Male
Posts: 13,686
Thanks: 7,353
Thanked 7,070 Times in 4,769 Posts
Default Re: Trump Organization's insurance policies under investigation in New York: Source

Quote:
Originally Posted by jimbo View Post
The value increase of The Trump club Westchester is not that difficult to figure out if one spends a few minutes gathering facts rather than listening to TYT and other liberal talking point sources.

Trump spent 7.5 million in 1996 for the property and then renovated the property at a cost of millions. And then, 16 years later and millions of dollars spent, and the property value increased.

Over time, property values go up.
Renovations typically increase value. Often substantially.

One curious example is a mansion and surrounding 200-acre property that Trump bought in the mid-1990s in Westchester, New York. Back then, he paid $7.5 million. In 2012, according to the records Cohen submitted to Congress, Trump valued the property at $291 million. It’s unclear what supported the valuation, though the summary referred to integral “accompanying notes” that weren’t present in what Cohen filed.

Well that makes sense, you spend millions of dollars upgrading a property, then tell your insurance company what the new value is, including amenities.
And the insured valve goes....up!

But of course, to the hateful resistance, this is some sort of a crime. Pathetic.
__________________
"The freedom of speech is, in sum, our foremost protection against tyranny. Without it, a tyrant can work his will without any fear of his opponents uttering even one cross word."
Reply With Quote
Reply

Tags
insurance, investigation, new, organization, policies, source, trump, under, york

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 09:28 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0