Donald Trump holds an article with Dr. Eli Beracha’s comment on his Mar a Lago property | Full Count
Donald Trump holds an article with Dr. Eli Beracha’s comment on Trump’s Mar a Lago property | Full Count Podcast | County appraisals do come up with a property market value. Dr. Beracha’s additional comments, ““When I teach real estate, we never look at county appraisals as reliable guidance for what the property’s worth. We always do a market analysis. There are a couple factors that appraisers don’t consider that lead them to undervalue a property like Mar-a-Lago, which Trump purchased in 1985. The more unique the property is and the longer it is owned by the current owner, the higher the likelihood that the gap between what it’s actually worth and what the county says it’s worth is large. Deed restrictions can hurt a property’s value. Clearly, when you have restrictions on a property, it’ll only decrease, not increase the value of the property,” Beracha said. “Every time you limit basically what the property can be, the chances are that it decreases the value.” #fullcountpodcast #maralago #donaldtrump #fiubusiness
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