Philhelm
Member
- Joined
- Feb 23, 2010
- Messages
- 6,491
They over-value their assets to sell them, or to get more loans. Banks push back and do their own due diligence. Buyers offer what they believe it's worth. It doesn't matter what the developer thinks it is worth, it's just a sales pitch. Valuing assets is subjective, there is no objective value. There are different methods to valuing assets for different purposes. The bankers testified that Trump did nothing wrong.
FFS, over-valuing assets is the bedrock of any transaction.
This and the Alex Jones fine are some of the most insane fucking civil court rulings I've seen, and it doesn't stop with them.