Why Trump’s latest civil trial judgment dooms him…

Trump’s net worth according to Forbes latest analysis is only 
about 2.4 billion which while it seems like a lot it really isn’t for 
someone with as many real estate holdings as he has. 
As someone who understands accounting let me just say that 
part of the reason he was inflating his property values was 
without the higher valuation he would never receive those loans
as loans on investment properties tend to be short term higher
interest loans based on 60% of the appraised property value

. This limits the lender’s liability should the owner be forced to
liquidate their holdings. However if the owner inflates the value
of their holdings and as in the case of Trump become overextended
and unable to pay everything he owes then you ar at risk of losing
much of your own money.

How this will affect Trump is exemplified by the old adage “shit
flows downhill…” The first things the state will go after when seizing
assets will be cash and liquid assets making paying current bills 
difficult for him because if I am correct his debt to asset ratio is 
at least 70 and maybe as high as 90%. This is only possible because
of his inflated estimates of the properties in question actual value. 
The next round of seizures will be of properties with the lowest 
debt to asset ratios which will give the best return and cut into 
much of Trump’s revenues further  making it even more difficult to
keep payments current putting more properties at risk.

Now if what I suspect is correct and at best he is at 70% debt
to value this means to actually pay what will become 600 M in
judgments, interest and collection costs, fees ,etc the state 
of New York may well have to seize as much as 2 or more billion
of Trump’s assets… Anything left over the vultures will be picking
over until nothing is left but the stink and both he and his sons
along with many of his business associates will die as paupers.