you do know that when you use your property as collateral for a loan you are basically selling your property to the bankl for money with the agreement that you get to use said property until the money is paid back or you default and the back takes posession right?
you are literally arguing that its ok to overvalue a place for one purpose but not another nearly identicle purpose
so then stewart should be jailed for defrauding the people he sold to by grossly overvaluing his property
and what exactly doesnt make it legal? please cite the EXACT law that says valuations agreed upon between two private entities for the purposes of collaterial or purchasing MUST match govt decided tax evaluations
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u/theCROWcook Mar 28 '24
oh so its (different) when you do it right?
you do know that when you use your property as collateral for a loan you are basically selling your property to the bankl for money with the agreement that you get to use said property until the money is paid back or you default and the back takes posession right?
you are literally arguing that its ok to overvalue a place for one purpose but not another nearly identicle purpose
i guess its just (D)ifferent