4 ms·
Agree with this. One of the more interesting things about following the NY AG trial against Trump is to get a peak into how banks "value" things and what they c
by ChuckMcM 3y ago
Agree with this. One of the more interesting things about following the NY AG trial against Trump is to get a peak into how banks "value" things and what they consider "good" or "not good". The overall value of a property is a function of its median rent, so it seems like if the landlord has no tenants but is asking for a high rent, that makes the property more valuable (algorithmically) than one with lower rents. That struck me as pretty wild but it is also clear why it is hard to get people convicted of misrepresenting values because pretty much there is a lot of "because I say so" in the rules.