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Inflated Values

By January 18, 2024No Comments

This is not political and let me start by saying I’ve never been a fan of Trump, going back to his Trump University Days and prior to that.

But I find it interesting New York is going after him for putting inflated values of his real estate on financial statements, for loans supposedly paid back. Let’s face it, using the same reasoning:

(Almost) every business owner could be prosecuted for putting an inflated value of their business on their personal financial statement.

And (almost) every homeowner thinks their house is worth more than it really is, and puts that on their financial statement.

Every mortgage we’ve had and every loan for a business buy-sell deal I’ve worked on has the lender verify value.

It’s the American way to be optimistic about what you have.

“You can observe a lot just by watching.” Yogi Berra 

“All of us labor in webs spun long before we were born.” William Faulkner