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Jon Stewart’s Hypocrisy Revealed in Real Estate Overvaluation
Jon Stewart, known for his sharp political commentary, recently criticized former President Donald Trump on the Daily Show for allegedly overvaluing his properties, suggesting it was not a victimless act. However, it seems Stewart himself may be guilty of the same offense, as reported by The New York Post.
Stewart’s Property Transaction
Upon investigation, it was revealed that Jon Stewart’s New York City penthouse was sold for a staggering 829% more than its assessed value. In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier Parag Pande for $17.5 million. However, according to assessor records from 2013-2014, the property was assessed at only $1.882 million, with an actual valuation even lower at $847,174.
Furthermore, Stewart benefitted from significantly lower property taxes, calculated based on the lower assessor valuation, a practice he criticized Trump for in his monologue. This revelation raises questions about Stewart’s consistency in his ethical stance on overvaluation in real estate deals.
Public Reaction
Unsurprisingly, the public was quick to point out the irony in Stewart’s actions. Social media users, including James Lindsay, Robby Starbuck, and Rob Schmitt, called out Stewart for his apparent hypocrisy and demanded accountability. Many questioned whether Stewart would acknowledge his error or face consequences for his inflated property transaction.
The situation also raises speculation about potential legal repercussions, with some questioning if Letitia James, known for her scrutiny of high-profile figures, would take action against Stewart for his overvalued property sale.
In conclusion, Jon Stewart’s recent criticism of Trump’s property overvaluation has brought attention to his own real estate dealings, revealing a possible double standard in his ethical stance. The public awaits Stewart’s response and whether he will address the discrepancy in his property transaction.
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