Drudge Retort: The Other Side of the News

Drudge Retort

User Info

ScottS

Subscribe to ScottS's blog Subscribe

Menu

Special Features

Thursday, July 17, 2025

Applications for U.S. unemployment benefits declined for a fifth straight week to the lowest level since mid-April, showing a resilient job market. First-time jobless claims decreased by 7,000 to 221,000 in the week ended July 12. The median forecast in a Bloomberg survey of economists called for 233,000 applications. read more


Retail sales rebounded in June, an indication that President Trump's tariffs are not significantly impacting consumer spending habits yet. Headline retail sales rose 0.6% in June, above economists' expectations for a 0.1% increase month on month. By comparison, sales decreased 0.9% in May, according to revised Census Bureau data. read more


Wednesday, July 16, 2025

Wholesale Inflation Flattens in June as Companies Cope With Tariffs Wholesale prices were unchanged in June, surprising economists who were expecting to see a modest increase. The Producer Price Index also showed wholesale inflation slowed annually. read more


Sunday, July 13, 2025

The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30. A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%. read more


Friday, July 11, 2025

Trump tariffs live updates: Former 1st world nation Canada struck with 35% tariffs, Trump floats higher blanket rates read more


Comments

""2 different numbers for 2 different purposes"
Which is illegal."

Again, your understanding of the law is just as bad as your understanding of taxes and economics.

In NYC, the property tax is based on the current property descriptions and use - NOT DEVELOPMENT POTENTIAL. Hence, if Trump's 10,000sqft home has triple height ceilings, it will base the value on a similar triple height property. For a loan officer, if the value is materially higher assuming you add the 2 floors to triple the salable sqft and that results in a higher resale value, they will use that number because a loan office is concerned with MARKET VALUE INCLUDING DEVELOPMENT POTENTIAL.

"For Trump's property, it has triple-height ceilings"
That doesn't allow you to claim three times the truth.

If it is fully zoned to allow for it, YES - YOU CAN.

"Loan applications don't work that way."

Yes, THEY DO. It is obvious that you have never done a real estate transaction in which there is development potential for the property. For instance, let's say that you have rental property that is zoned for 4 units, but some past owner combined all the units into a single unit so that is it currently being used as a single unit dwelling (despite the zoning). How will the loan office assess the building - as a single unit or as a 4 unit property?

"For the loan officer, this is the value that is relevant to their decision"
Nonsense. It completely ignores the renovation costs, which is a fraudulent misrepresentation.
#99 | Posted by Danforth"

IN EVERY real estate transaction, the loan applicant puts forth the property in the best possible light and supplies their internal assessment of the properties value. It is the responsibility of the loan officer to apply discounts to that number to assess what they believe the true value is. For instance, if Trump took out a $50M loan and supplied $500M worth of real estate as assessed by him to collateralize it, the $500M valuation from Trump is meaningless. The loan office will assess for themselves and they may conclude the actual value, in their estimation, is $100M. At the end of the day if they assume 2x collateral coverage is sufficient as the original 10x coverage was ridiculously high, they will still give the loan. They don't even need to tell the borrower what their collateral assessment was - just whether it was sufficient for the loan.

Again, in your repeated ridiculous talking points, you prove you have no clue how business actually works.

"Jail: He sexually assaulted a woman, cooked the books he gave the government of New York, and stole documents he refused to return.
#86 | Posted by ClownShack"

1.) the 'sexual assault' was not a criminal charge and was not even the impetus of the case. The case was about defamation. So, if you want to say he should he be in jail for it, have the balls to demand ------- Crazy Carroll file a criminal charge - I 100% support that. She won't - because everyone knows this would be tossed out of court immediately due to lack of evidence.

2.) He 'cooked the books' in a case that was not prosecuted during the valid statute of limitations because what he did was a standard practice and the accurate way to record the transactions for payments to your lawyer. The Dems needed to invent a new crime - which they never clarified or that he has been convicted of or even charged with to this day.

3.) Stole documents that WERE UNDER HIS SOLE DISCRETION TO DECLASSIFY and thus, perfectly legal for him to possess. Very different from Pedo Biden that stole documents from a SCIF as a senator (no right to take the documents from the SCIF) then stored in his unsecured garage because he wanted to feed them to a ghostwriter. However, you give him a total pass because he allowed the Fed to seize them. Like a bank robber being given a total pass if they give the money back. It is either a crime or it is not - and the Democrats used an unprecedented view of the law to charge Trump.

Your constant repetition of already debunked talking points seem to be a symptom of late stage syphilis - given your degenerate lifestyle and a syphilis infection rate of homosexuals, you should get this treated before your brain is Biden-ized.

Drudge Retort
 

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy