In a shocking revelation, investigative journalist Tim Pool has uncovered what appears to be a massive fraud scheme in the New York City real estate market. According to a recent tweet from Pool, New York Attorney General Letitia James has shattered the illusion of fair market value in NYC by revealing discrepancies between property tax assessments and actual sale prices.
The implications of this discovery are enormous, and could have far-reaching consequences for both homeowners and investors in one of the most expensive real estate markets in the world. If properties in NYC have been systematically undervalued for tax purposes, it could mean that homeowners have been paying more than their fair share, while investors may have been misled about the true value of their assets.
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Pool’s tweet urges readers to “run a check on the Real Market value of properties in NYC and the tax assessments from county records, then check actual sale price.” This advice is crucial for anyone involved in the NYC real estate market, as it could potentially save them from financial ruin.
The fact that this alleged fraud scheme has been allowed to persist for so long is deeply troubling, and raises serious questions about the integrity of the real estate market in New York City. If the government is unable to accurately assess the value of properties, how can homeowners and investors trust that they are getting a fair deal?
Attorney General Letitia James deserves credit for bringing this issue to light, but the real work is just beginning. It will be crucial for her office to thoroughly investigate these discrepancies and hold any wrongdoers accountable for their actions. The people of New York City deserve to know the truth about the value of their properties, and they deserve justice if they have been misled.
For homeowners in NYC, now is the time to take action. By following Tim Pool’s advice and conducting a thorough check of the real market value of their properties, they can ensure that they are not being overcharged on their property taxes. Additionally, by comparing these values to the actual sale prices of similar properties, homeowners can get a better sense of the true value of their homes.
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Investors in the NYC real estate market should also take heed of this warning. If the value of properties in New York City has been artificially inflated, it could mean that their investments are not as secure as they once thought. By conducting their own due diligence and verifying the value of their assets, investors can protect themselves from potential losses.
In conclusion, the revelation of a possible fraud scheme in the New York City real estate market is a wake-up call for homeowners and investors alike. By heeding Tim Pool’s advice and conducting their own research, individuals can protect themselves from financial harm and ensure that they are getting a fair deal. The ball is now in the court of Attorney General Letitia James to uncover the truth and hold any wrongdoers accountable. The future of the NYC real estate market hangs in the balance..
As an aside
Run a check on the Real Market value of properties in NYC and the tax assessments from county records
then check actual sale price
NYC real estate is one big fraud scheme and thats what Letitia James just shattered
— Tim Pool (@Timcast) March 28, 2024
Source
Timcast said As an aside
Run a check on the Real Market value of properties in NYC and the tax assessments from county records
then check actual sale price
NYC real estate is one big fraud scheme and thats what Letitia James just shattered
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