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Can Trump Afford to Live in Palm Beach?
Want the single best story that’s come out about Trump since he left the White House and moved down to Palm Beach in 2021? Here it is — ready?
If you’ve been following the goings-on in the New York trial where Trump’s company is being sued by New York’s Attorney General for fraud, you know that the issue on which the case turns is how Trump has valued his real estate over the years and allegedly used inflated valuations to get better financing deals from the banks.
One of the phony valuations was Trump’s apartment in Trump Tower in New York City where Trump claimed that the size of the apartment was several times larger than it really is.
Trump’s entire political pitch has been based on the idea that here’s a really rich guy who knows how the ‘other half’ lives. Except he’s also the first President who never released his tax returns, so for all we know his so-called net worth is just another piece of chopped liver to go along with all his other lies.
This whole issue of how much Trump’s real estate is worth versus how much he says it’s worth may come back to bite him in the ass because of what he has said about his Mar-a-Lago property in Palm Beach. Basically, he has claimed that the property may be worth as much as one billion dollars except — whoops! — for purposes of being assessed for local real…