Father and son real estate grifters demonstrate how they lost their NY fraud case in real-time

[robertmckenna]

@angusm

It might be fitting if the tax authorities accepted the higher estimates, while the banks took the lower value – as opposed to the other way around, which is what the Trumps would like.

Here estimates tend to be lowballed because they are intended for the bank - it’s what the bank can’t lose on if valued at that. That’s how it works when they are made for the ordinary person looking for a mortgage or probate. Problem with that is of course you get a worse mortgage rate and a higher tax bill if you sell. But that’s only a problem for the little person.