Schulz Reacts: Jon Stewart Property Valuation Hit Piece
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- Опубліковано 3 кві 2024
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Flagrant is a comedy show that delivers unfiltered, unapologetic, and unruly hot takes directly to your dome piece. In an era dictated by political correctness, hosts Andrew Schulz and Akaash Singh, along with AlexxMedia and Mark Gagnon, could care less about sensitivities. If it’s funny and flagrant it flies. If you are sensitive this podcast is not for you. But if you miss the days of comedians actually being funny instead of preaching to a choir then welcome to The Flagrancy.
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The back pedaling is fuckin amazing 😂😂
Akash keeps trying and he failing miserably
Akash LL
sometimes he tries to be funny too.
Akash and Al’s TDS is showing again…🙄
Truth
Al is lucky Schulz plucked him out of nothing because I don't know how you fall for literally everything like this
Lol trump doesn’t know you and wouldn’t love your poor ass anyway.
Akash making stuff up to defend his friend...
Wrong on literally all the facts dawg 🤣🤣
It’s sad I lost respect for Akash. if he can be tricked so easily and blatantly overlook facts Like, valuations are not legally binding contracts, but opening positions in negotiation. Trump didn’t say this thing is worth $10 billion and I swear under oath….. He’s telling the bank what he thinks he can get for it, then they do their due diligence and counter. in this case they felt like it was completely fair so they didn’t counter…. There is literally no victim here. Trump paid early and what no one is talking about is he used 25 million of that money To continue to fund first time business owners, who are also single mothers.
He also bought two homes for firefighters families who died in the towers .
Meanwhile, John Stewart overvalued his property and it was an actual crime because when he sold his house, the person who bought it lost 4 1/2 million dollars And had to pay much higher tax than John Stewart listed by $100,000…. In other words, John Stewart didn’t just lie on his loan forms, he lied on his taxes
@@The_0G_Chadtalk about drinking the trump Kool-Aid you never ceases to amaze me how you people are so delusional when it comes to Trump's criminal proprieties do you see how you feel about him when he becomes dictator God forbid
@@FIGHTONnattieswhich one of these motherfuckers isn’t a criminal?
@@FIGHTONnattiesTalk about drinking the anti trump koolaid. We’re not glazing the man, he literally did nothing legally wrong at all. That’s literally just reality, it takes someone unbelievably ignorant and or gullible to believe he did
@@FIGHTONnatties I like how he gave facts and you just name called. Well done. 👍🏼
He is so wrong on all the facts 🤦♂️
Which one?
You can't just demand the bank give you money. The bank always appraises the assets.
@@frazierk100 All debt an interest was paid. The bank said theyd do business with him again. there was no victim
Paying a bank loan in full, is not a crime.
Getting a great interest rate, is not a crime.
Getting a dumb bank to lend you money, is not a crime.
Fining a person for $400Million for no crimes, by a corrupt legal system, is a crime.
Well 40 seconds in and Akaash has everything wrong
40 seconds in and your idiocy is exposed.
@@Namelesswonder501DTS tard alert! ⚠️ 📢
Holy shit Andrew coming in hot with the logic and common sense.
The banks came to him and asked for him to take a loan from him.
Thats the fact.
How can you "lie" about how much you "think" your property is worth? The market decides what your house is worth. The bank's appraisers decided how much they'd loan Trump based on THEIR evaluation of the property. Akash, you're insane.
exactly
JP Morgan do due diligence checks they knew exactly what the size and value of the property was. You ain't tricking a big bank loaning hundreds of millions
I don't think they do. They bought an app for $175 million and turned out all the users was fake, they didn't do any due diligence
No body is going to jail poor or not for inflating a property value for a loan, if the loan is getting paid on time, there is a " LEGAL CONTRACT" . Banks do their own due dilingense on value of property. Duhhhhh. Akaash, very wrong on this entire clip.
Funny that he was found guilty then if nothing he did was wrong, almost like someone at some point decided it was fraud and it should be a crime.
But hey, everyone does it, so it must be ok.
@@lfcbprowhat the business guys are doing is using the going price as the appraised price. I own farmland, and it’s current going value at the moment is roughly $350k/quarter section. On the RM map it is assessed at roughly $200k/quarter. Not far from me, some land sold to a big company for $800k/quarter. If I choose to use $800k as the value, when I’m putting the land up as collateral for a loan, it’s up to the bank to accept or deny, based on their own appraisal. If they accept it, then we sign a contract between the two of us. It has nothing to do with the law or government, as to whether the appraisal is accurate. The only law involved is that both parties have to honor the signed contract.
@@lfcbprohow clueless are you
@@russell-gt1dy sooo clueless. these people do not know business or how the nworld works. They just have talking points from the media
This is wrong the price is based on market rate not lying about square footage
That’s a pretty stupid thing to say
That’s a pretty stupid thing to say
That’s a pretty stupid thing to say
The part where people get mad at Jon Stewart is he paid property taxes for the value of 900k the same year he sold it for 16 million. That’s where it’s tat for tat.
That’s on the city for assessing the value at only $1 million
@@CoffeeTech See that’s what trump supporters are saying about him. That’s on the banks for not doing their job…. See the hypocrisy now?
@@CoffeeTechThat should also have applied in Trump's case, but your arbitrary enforcement position makes you nothing more than yet another TDS -afflicted payaso.😂 Keep it real.🤡This is NOT a victimless crime. It's simply not a crime to begin with. T had his own assessment done and presented to the bank, but they have to do their own assessment. The 2 parties then negotiate on their assessments and terms for how much and how long the loan is done. Jon Stewart simply ripped someone off. Not technically illegal, but definitely scummy.
@@CoffeeTechwhich is literally how the city assessed Trump’s property at a much lower price than what it is truly worth. That’s his point. The city under appraised Stewards property just like they under appraised Trumps. Any realtor in NY would completely agree to that.
@@user-vx1zc3te4u no sir. Trumps property was NOT under valued by the city in this case. The city assessed the value of his property appropriately for their tax purposes. That has nothing to do with his criminal case. Trump lied on financial documents to over inflate the size and market value of his home to secure a higher loan. You and everyone in your family would be arrested for bank fraud if we wrote a bad check for more than $800. One is simply selling your home. The other is fraud. Plain and simple.
Just stick 2 comedy 😂😂😂☠️
lolol no shit!
Akaash sounds so dumb on so much of this. Edit...everyone sounds so dumb on so much of this.
Schulz is the only one who has any clue what hes talking about in this one lollll
Is he the 80's gay porno looking guy?
The others aren’t critical thinkers, they’re just regurgitating media propaganda. They don’t realize yet that the media is a privately owned, left wing propaganda machine.
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations.
Hello, how do you make such monthly?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
Thanks to Andrea Sheryl Fox .
She's a licensed broker here in the states.
Wow.. I know her too she is a licensed broker and a FINRA agent she is popular in US and Canada she is really amazing woman with good skills and experience
I googled about her and yes, she's won my heart. She just gained herself a new client
The bank agreed with the values otherwise they wouldn’t have given him the loan for that rate. The fact the city did that is insane.
The fact the city did what? Trump essentially used the value of what he knew he could get from the highest bidder. The bank agreed to his assessment and signed the contract.
@@JT-gi8rx did you not hear about the court case where they’re making trump pay millions?
@@JT-gi8rxprosecuted him
And he’s gonna be your president too habahahhahahahhahahahagahaha !!!!!
@@richardgutierrez9223 atleast he ain’t as bad as that Australian coffee
The bank doesn’t take Trump’s word for it. They send their own people and assess the value of the property.
If we didn't have double standards, what standards would we have lol
Seriously. Anyone but a billionaire like Trump would be years into a prison term for the shit he’s pulled.
Instead he can just appoint judges who will slow-walk his cases until he can pardon himself.
AMERICA!
Lord have mercy was this wayyy off of the facts and story 😂
It’s not breaking the law, it’s how the game is played. The bank plays it as well by doing their own assessment.
Are people stupid enough to believe if you tell the bank you have a 30000 square foot house they don’t send the appraiser?
Street side appraisals happen all the time which causes tons of overage costs to consumers. I’m an agent. Appraisers rarely do actual appraisals
People just don’t understand the difference between base price and market price. We get taxed based on the base price of our homes, not on the market price (the price we could get).
The bank testified that they made money, were happy with the terms AND hope to do business with him again!!!
I really feel sorry for Akash for his take on this.
I wasn’t a big trump fan before, but now I’m voting for him cause all this BS.
Lol that’s why you’re voting for him? Not a great reason
@@CoffeeTech and voting for joe Briben because he's controlled by the ppl that hate you, is a good reason?? Trumps the man. Or maybe you just like war and death from illegal aliens.. TRUMP 2024 baby!!
@@CoffeeTech Biden hate America and it's people, life was 1000% better under Trump. Its funny snowflakes can't take a mean tweet, but are happy marching toward WW3. 🤡
Then that makes you a dumbass for voting based on something like this, and not actual policies.
@@CoffeeTechman fuck the system. They all hate him if you think they have your interest in mind you’re asleep.
They kinda gloss over this but banks give loans on their valuation, not the borrower. Trumps evaluation has disclaimers saying the value could be wrong and to do their due diligence, which they did, and Jon Stewart gave shit on Trump based on the tax value he had to pay taxes on vs market value, when Jon payed taxes on a property valued at 800K that had a market value of 17mil. (The tax value has nothing to do with the market value and is determined by the state, not the owner btw)
And that’s completely legal. EVERYONE pays taxes based on the base value of their property, NOT based on market value.
Exactly. The valuation is nothing but an opening of a negotiation. The same exact way a person tells you their dream price price when selling you their used stuff and then accepting 100% less….. John Stewart, however actually sold his house for 18 million but only paid 797,000 in property tax.
Meaning he was screwing over all the poor kids in his district that rely on that for book and school . he screwed over all of his neighbors by not pitching in and fixing roads
@@JT-gi8rxyes, but NY is assuming these assessed values for taxes is equal to market value. That is literally the numbers they used for their assessment in the case. We all know that is not right.
They just locked up 100 people last week in my town for food stamp fraud, Andrew.
Singh not making senseb😂😂😂
He committed fraud, the point being made here in the case is that don’t be stupid enough to get caught doing something deemed anti competitive to the market…most of these billionaires are smart enough to lay low and not get caught, Trump is his own worst enemy…and yes the real estate game is shady as fuck and a lot of fraud and illegality occurs but there is no department or agency that can go after everyone breaking the law, so they go after the big fish
Extremely based Schulz POV!
NY valued mar a lago at 18 million. I implore Akash to do 30 seconds of research and comp out neighboring properties. The lawsuit was a hitpiece. And the Stewart situation is the same exact thing he was trying to clown trump for.
Mar-a-lago is a business with $25 million /yr revenue. It has water on two sides it is huge. it has historic value. It probably is worth around a billion $.
he was not found guilty it was a summary judgment
Anyone that has ever bought a house and especially if you refinanced a house, you say how much you think the house is worth....then they tell you no its worth this or yes its worth what you say. The other part is Stewart said something about him not paying taxes at the same rate that he valued the house at. Again that is on the state or county to do for those property taxes. And when stewart called him out on the tax part that is EXACTLY what stewart did with his housed, and neither trump or stewart is wrong in doing this, its how it works. I've had to go to the county when house prices dropped cause I was being taxed at what I bought it for but the market value dropped significantly, and show them comparable houses were sold for less, and got the value dropped. However, when house prices go up after I bought a house, I didnt go running to the county to ask to get it reassessed, no one does or should. The argument being made against trump is not honest. And schulz is correct, there are other things that maybe have more substance to them.
If the speed limit sign says 55 mph, but no one gets pulled over and ticketed for speeding until they're going 70 mph, then the speed limit is actually 70. If a cop singles out 1 or even more cars for going 60, but let's everyone else go, then the law has become unreliable and not a law that is enforced. The equal application of the law is as important, and maybe even more important than the letter of the law and it's spirit. If you single out some and let other go (in Trumps case it's singling out 1 person and letting literally everyone else go), then by definition the judicial system is be unevenly applied and is corrupted.
Akash eats up the propaganda. Then regurgitate.. good job little guy
Akash has some wild points of view in this one. Absolutely wild.
He seems to be raised watching "View".
@@PunjabiGhazal 😆
This was a balanced perspective from Schultz. Everyone else on the couch is just living there.
You're missing an entire portion of this situation. Trump valued his properties and told the bank to verify. The bank came back with their own valuations, which were less than Trump's valuations. Trump agrees to use the banks valuations for the loan. Bank gave the loan with that agreed upon collateral.
Don't let Akash fool you. He's money smart. He can pretend to hate Trump all he wants but he's gonna walk in that booth and vote for him.
assessed value means absolutely nothing in terms of the actual value of a property. Everyone in real estate knows that
Akaash with another dumbass take. Everyone overvalues their home when selling, the banks do their due diligence and hire people who find out the accurate value then negotiate the loan terms. The banks were paid and did not lose any money. Also claiming Mar-a-Lago was worth $18,000,000 when real estate experts put the price at minimum $200,000,000 was ridiculous.
I don’t think anyone in this video has ever bought or sold a home
They talk to Alex like he isn't a former officer of the law 😂😂😂😂😂
John Stewart can dish it out but can't take it. I have zero respect for that kind of guy.
The tribe
But you have respect for trump...meanwhile Jon went to court for 9/11 responders. You jave a terrible sense of character my friend. You grabitate towards bad people
@@evantaylor1378 He didn't say he respected Trump.
If you have to make sht up to have a point, you didn't have a point.
Also, you went back and edited, and still made that many spelling mistakes? Lol.
@@evantaylor1378he might not know the extent to which Stewart went to bat for 9/11 victims/survivors/families. That will always garner him some level of respect.
@pkz420 claiming he can "dish it, but can't take it" is indicating that 1. He doesn't agree with Jon and 2. He doesn't feel respect for Jon. Being that Jon is as close to universally liked as a left wing guy can be. This thought process has a high probability to be from people who are right leaning, and thus likely a trump person.
You can also read someone when they have more smoke for jon stewart, than anything thing that Jon stewart is criticizing. In this case Trump. Just because you are bad at using context clues to analyze someone's LIKELY stances doesn't mean everyone else is as stupid.
Trump’s properties were appraised by a New York State licensed appraiser more than once. Deutche Bank looked at those appraisals and approved the loan and gave him the money. It is not Jon Stewart’s fault that the NYC Dept. of Finance appraised his Tribeca condo too low, but neither is it Trumps fault that the city appraised his too low, as well.
Did Jon Stewart lie about the size of the property?
When looking at the value of property, the government has a base appraisal, essentially the cost of the building itself and the land it’s on, and they tax you based on that value. The market value is the price people are willing to pay. Your house could be worth $400k, you’d get taxed at that value. But you could list it for $600k and likely get a buyer. You won’t get charged with fraud for this, and rightfully so. If I had a rock, and told someone it’s worth $100, it’s on them if they want to pay $100 for my rock. I’m not getting charged with fraud.
Thank you, Andrew, for clearing this up.
Wrong! he is an idiot! banks evaluate the property and do not care what you think the price is. Double standard!!
The banks do their own due diligence, seeing an Indian American not knowing this is shameless..Akaash has TDS😊
Andrew is always the smartest and most knowledgeable on this show..
ps: I am an Indian, before I am called racist😂
1% or working class you should be held accountable for breaking the law. That’s it there’s no argument it’s cut and dry .
What law was broken? Trump essentially used the market value when putting his property up as collateral for the loan. He knew that he could get the larger value for it if he wanted to sell it. The bank accepted his assessment and signed a contract with that value. Both parties made money on the transaction.
As for the property taxes, EVERYONE pays property tax based on the base value of the property, not on the market value. If your house is worth a base price of $400k, your taxes are paid based on that. But you could list it for $600k, and people would be willing to pay that and sign a contract based on that. That makes $600k the market value.
@@JT-gi8rxHe was proven guilty of financial fraud for this case. He has been proven guilty for sexual assault. He is currently under investigation for invoking an insurrection. Claiming to be someone who values the law, he doesn’t seem to think that the rules apply to him. You can like the guy all you want, you should still be critical of your leaders and hold them to a higher standard.
@@Richflytime proven guilty, until he appeals and the Supreme Court finds him innocent, because they don’t have Trump Derangement Syndrome, but rather follow the letter of the law.
He probably has had plenty of instances of inappropriate conduct with women, be it just touching in appropriately or otherwise. But it seems like most politicians have. There’s many accusations against Biden, and there’s whole highlight reels of his touching and sniffing children, it’s creepy. My point is, don’t vote for Biden because Trump is a pervert, or vote for Trump because Biden is a pervert. They’re all perverts, so vote based on different guidelines.
As for being under investigation for anything, that’s because there’s a witch-hunt against him, and they’re looking for anything on Trump they can make stick. He didn’t invite an insurrection, he called for protest not a takeover of the Capitol. No one in the Capitol were using weapons, or being violent, most were just walking around the building. Trump requested the National Guard to beef up security, but Pelosi turned them away, as ultimately it was her call. This was corroborated by the ex-chief of Capitol police. The media and Democrats are playing up this whole “insurrection” narrative as a way to take votes away from Trump, and to scare voters away from him. Just the same as how they pumped out that Russian collusion conspiracy theory, for four years straight, until the investigation found no solid evidence of such.
Andrew Shultz, voice of reason. ❤
Akash the banks that worked with Trump did there checks and both parties came to the right valuation 😂😂
The banks also said they love working with Trump and would like to work with him again
That Stewart guy is a weirdo
“Came at my boy jon stewart and I didn’t like it” this show is turning more and more starf…ker a.. kissing, the early days are gone, and stewart was paying lower taxes cause he valued it at only 1.5m such dishonesty lying by omission, leave core of the article out
Bro Akash is dumb dumb on this. Trump did the same valuations. It’s not illegal binding document. It’s an opening bid so the banks can counter offer for a higher interest rate… John Stewart on the other hand, said his place was worth 18 million then put 1.8 million then put 797,000 on the tax forms so he paid 50% of what he should have on taxes…. It’s much worse than what Trump did, but like just don’t know enough and the entire system is out for Trump.
Just look at the facts objectively Jon Stewart tried to dunk on Trump and then he got caught with his pants down for doing the same exact thing but worse . Just admit he’s a hypocrite liar. I admit Trump lied a ton in the past.
MAKE AMERICA ORANGE AGAIN.
"hit piece" LOL
I applied for a HELOC at my local bank. They asked for my homes value. I told them the number based on my opinion and real estate websites. Turns out the bank doesn’t care about any other persons appraisal other than who they hired which severely undervalued the home because that’s what the bank was comfortable loaning. This was for $50k. Imagine when it’s for millions the amount of due diligence that is done. I am glad Andrew pushed back and at least had some understanding of the facts.
Schultz is correct
Look up Al Capone, what eventually brought him down it was taxes
Akash your TDS is showing man, what a shame
Cannabis is a great example of this its like in some states possession is legalbin others its not but most people aren't dealing with the law or the repercussions of said possession
DJ Envy trying to muddy up the waters. I mean Schulz
Jon was also referencing Trump inflated his properties size and value for loans, but than downplaying the size and worth on his taxes. So he was playing both sides on the equation. Which kind seems like some time of fraud
He didn't arbitrarily decide the value of the properties, the banks hired experts and presented counter-offers to what he was asking, based on the value the hired experts presented.
How naive is akash😂😂😂😂😂😂 My guy thinks the state is going to give the $145 mil “back to the people”
He is working for Democrats.
???? he paid back the loan + interest if anything the banks made way more based on the arguement it self
Andrew been waking up
Is Schultz’s posse really that dumb or are they doing a bit?
"This bedroom has a stove in it..."
MAROLAGO is only worth 16m is 100% showing there cards, we see exactly what there doing.
Wait, what? Reaaaaaaching here 17 times over its actual price and losing 3 million years later despite the market. Dude it’s shady just admit it
Well that’s exactly why John did it lol. It’s a political commentary show. What else would he do 😂?
Love how they talk about going after “all the real crimes” but never name anything. Not even saying there aren’t any (war in Yemen is an easy example) but they can’t charge him for stuff like that because that would implicate the rest of the political class. Hes been investigated for eight years now. They’ve been looking for stuff the whole time. They aren’t charging him with this because that’s all they can use. They’re doing it because it’s all they found.
Apply it to a car sale.
The city didn’t make money . They are upset “where are share of money”😡😡
he lied saying he was worth less on his taxes thats the issue
In that case the law suit should come from IRS not NY.
You cam easily make out who is well read in the group, actually there is only one😂
Akaash gets his shit from left liberal mouthpieces, Mark is ignorant but carefree, but Alex is just plain ignorant😂
the banks (and the experts they hired to evaluate the properties) were ok with the final evaluations.. so were the banks into scamming themselves ?
The answer of why is he paying money for this is the answer itself.... Hes paying money to city or the state
“The bank never says they’re out of money we can’t loan more” actually I worked at a bank and they literally have a set amount they will loan based on their assets
Huge Andrew W, especially when addressing the conservative outrage on Trans Visibility day. That whole outrage was a dogwhistle and simply circumstance, not some nefarious plot by 'Da Libs'.
Shout out to Alex man
Trump is indicted and came after "our boy Stewart"
lol that's pathetic
Where is the real estate appraiser??
You guys really didn't do any research the story before you talk about it
Schulz glazing trump hard
Schultz is making sense here. So NYC can decide to just rule to take an insane amount of money from anyone if they can do it to a former president for a crime that wasn't just as much on the lender for not checking.
Akash wrong kn everything lol
Akash LL , double L
Love Akash, but wrong on all of this. Part of NY claim andStewart’s position is the taxes was based on less than what he claimed the properties were worth; which is what Stewart also did.
Akash is in his feelings
Basically these liberals on this show think it's okay to go after Trump because everyone is doing it and it's the game?? Wait until you disagree with the establishment.
Andrew who did you piss off lol I just came from the joe rogan episode and every comment was hating on you.. I got nothing but love stay up home skillet
Commercial Real Estate isn’t valued by square foot, it is valued by Net Operating Income divided by the general capitalization rate for an area. When I send my statements to lenders I value my properties 6.5%. The bank can accept that or not. The scared thing with Trump is there was not a complaint or victim. The State went looking for a crime found a number they didn’t agree with, created a crime, and extorted 450 million from the GOP nominee
Still missing the biggest piece of the puzzle. Yes, he lied on the application for the loan. That application was not the valuation that was used for the loan. Like the bank said, "we did our own due diligence, ... and we will do business with him again." His lie doesn't matter at all.
It wasn’t a lie at all, he was using the market value. The value of what he knew he could get on a sale. Like if Stewart had got a loan, using his $17mill property as collateral. He sold it for that much, so it’s 100% fair to have got a loan with it at that value.
@JT-gi8rx Well, he did lie about the square footage. Although he did say in the document, the numbers were wrong. But it still didn't matter when it came to the loan. So it's irrelevant.
Trump didn't do anything to the bank that the banks don't do to us every day.
It's not just rich people who do this though..... It depends on alot of factors like how much the properties around u r worth as well. People who are for this case are financialy illiterate
The bank did their own due diligence and approved the loan, lol. Whatever Trump thought the value of the property was worth, the bank negotiated based on their findings. The loan was paid back with interest and the bank was happy. They're even willing to do business with Trump again. What's the crime here exactly?
He made more money that Biden was accused of making from Ukraine. If Bidens a criminal then so is Trump.
Akaash is being intentionally dishonest sad usually like the guy
Jonathan Oddi sounded batshit insane in 2018....Now in 2024 a lot of shit he said in that interview is clicking in place and dont sound so crazy when you have context on Hilary and Obama and trump...They really are trying to take him out