Stewart’s representatives remained silent in response to requests for comment from The New York Post, as details emerged regarding the significant overvaluation of his penthouse by 829 percent.
The sale of Stewart’s Tribeca duplex to financier Parag Pande for $17.5 million contrasted starkly with its market value of just $1.882 million, as per assessor records.
This revelation raised questions about Stewart’s motives, especially considering his vocal criticism of Trump’s practices. Despite Stewart’s attempts to expose Trump’s actions, his own involvement in similar practices undermined his credibility on the matter.
Parallels were drawn between the citation method used in Stewart’s case and that employed by New York Attorney General Letitia James in valuing Trump’s properties, leading to a lawsuit against the former president for inflating assets. Market value was conspicuously absent from consideration in both instances, highlighting systemic issues in property valuation.
The difference between Stewart and Trump’s cases lies in a judge’s ruling regarding Trump’s exaggerations to lenders about property sizes, further complicating the narrative surrounding real estate practices and legal accountability.
The post Jon Stewart Overvalued NYC Apartment By 829% After Accusing Trump Of ‘Lying’ About Property Values appeared first on Resist the Mainstream.
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Author: Jordyn M.
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