Comments on: Mortgage Lending a Lot Like Musical Chairs https://appraisersblogs.com/appraisal/deja-vuall-over-again/ Appraisal News and Tips for Real Estate Appraisers Sun, 24 Mar 2024 17:20:18 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: Retired Appraiser https://appraisersblogs.com/appraisal/deja-vuall-over-again/#comment-11541 Fri, 27 Feb 2015 22:16:51 +0000 https://appraisersblogs.com/?p=7022#comment-11541 An experienced appraiser who quit cold turkey once said:

“Those who cannot see the future of appraising are condemned to experience it”

]]> By: AppraisersBlogs Team https://appraisersblogs.com/appraisal/deja-vuall-over-again/#comment-11540 Wed, 25 Feb 2015 21:42:49 +0000 https://appraisersblogs.com/?p=7022#comment-11540 In reply to Baggins.

Most welcome!

]]> By: Baggins https://appraisersblogs.com/appraisal/deja-vuall-over-again/#comment-11539 Wed, 25 Feb 2015 19:23:39 +0000 https://appraisersblogs.com/?p=7022#comment-11539 Thanks admin for clearing up the posting issue. AppraisersBlogs is the best!

]]> By: Baggins https://appraisersblogs.com/appraisal/deja-vuall-over-again/#comment-11538 Wed, 25 Feb 2015 16:38:07 +0000 https://appraisersblogs.com/?p=7022#comment-11538 Another really great AppraisersBlogs article. Thank you. / Per point #5, that is the “Citizens United” issue, which in fact means that corporations are identified as people, and money is qualifiable as free speech. Money is not free speech and corporations are not people, and we all know it. The tag line there is; We the citizens, stand against Citizens United. (Be a pal and sign a petition about that one today, won’t you please?) / Colorado has seen strongly increasing markets for around a year now, some of them dramatically increasing with no end in sight. A consequence of us being a destination state and other issues which have created apparent market imbalance. Like the Joe Legal vs Jose Illegal sort of arguments, that being only one example from a broad range of such external influences that result in market purchase power imbalances. I’m very much in favor of sensible immigration allowances, but without them the comparative value for SF housing in one locale to the next has become remarkably imbalanced. And now with silent investors, LLC’s, and various remote interests who are pushing the envelopes and driving prices much further upward than they probably should reasonably be. We’re officially reaching pricing and value points established by recent sales, which are higher than the mid 2000’s pricing points. Some agents have stated to me, they’re seeing another round of something akin to the NINJA loans, and everyone qualifies! It won’t be long with these external pressures before whole markets ride the wave created from a handful of aggressive participators, which will proverbially solve the issue of appraisers having to say no to those value points. However, this has consequences and truth be told it’s all about the cumulative influences of all lending decisions, not the appraisers individual value analysis. Over availability of credit may have returned, and soon to be in full speed again, probably nationally. On another note, I’m still waiting on someone to answer the mythical question regarding how amc’s are in compliance with C&R rules, when there is absolutely no consistency amongst their fees, and their payment offerings are clearly 25% or more less than without their presence, regardless of which non amc outfit you may be fortunate enough to work with. / Please take heart and remember that home and land ownership is the ultimate goal, and ultimate achievement for the regular citizen. ‘The secret to the Joneses,’ is they put half down on that same type of home the other guy is leveraged to the hilt with. The solution for citizens to aggressive lending is to stop borrowing as much, and make a very serious push to have more equity, smaller monthly payments, and seek complete home ownership in shorter periods. Like my dad told me once; The secret to being rich in real estate, is to never sell. Ha! That just might be true after all. / Another great article, thank you.

]]> By: Errol https://appraisersblogs.com/appraisal/deja-vuall-over-again/#comment-11537 Tue, 24 Feb 2015 16:01:29 +0000 https://appraisersblogs.com/?p=7022#comment-11537 To busy to get into details. This is just a damn great article.

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