Straight from David Sacks with respect to the sale of 2845 Broadway which we first reported having sold for $20,000,000 last month but Trulia just reported having sold for $34,500,000 with “a portion of the sale…recorded as alternative personal property for tax reasons” according to their “in-the-know” sources:
There’s no “tax tomfoolery”. You correctly reported the sale price of 2845 Broadway when you checked the public records. Trulia didn’t bother to. It’s just sloppy reporting on their part. As the publication that appears to do actual research and fact-checking, rather than just quoting unnamed sources, you should have stuck to your guns and stood by your original story.
That said, I remain a fan of your blog.
Cheers and agreed, but we’ve always stood by our due dilligence and story. As we wrote yesterday, “we have reviewed the public records which pegs the recorded sale price at $20,000,000…which begs the question, if the “in-the-know” sale price Truila is reporting is correct…,” a question that is now moot.