Comments on: So-Called Economist Slams Appraisers

By: Koma

Koma — Mon, 31 Jul 2017 00:34:58 +0000

They always need a scapegoat and to them it is us!!

By: Mike Ford on Facebook

Mike Ford on Facebook — Sun, 30 Jul 2017 23:19:38 +0000

Appraisers neither hold back nor promote sale price or value increases. Competent appraisers know how to properly appraise in both increasing or declining markets. The real problem is lenders and AMCs don’t want to pay for competency.

By: Baggins

Baggins — Mon, 24 Jul 2017 16:25:27 +0000

Well, can not comment there without logging in. People need to study economics to understand the big picture. As the dollar weakens inflation continues and prices rise. There is a natural relationship between dollar devaluation and rising pricing. Masked inflation via the existing fiat system. Our government has the power to operate independent of taxation because of the printing press, a concept straight out of the communist manifesto. There is now a general confusion as people struggle to comprehend why free market principals are not applicable and pricing rises happen in one location but not the next, despite the federal control of basic lending accessibility which opens up access nationally. Well, of course the lending rate is not bringing equivalent movement in varying locations because external factors like employment are not tied directly to the rate. Furthermore, inventory is low because of record setting foreign investors zipping up American properties at an alarming 1/5th or more rate, year over year, as well as overwhelming corruption and bureaucracy in government approval processes for builders which clearly slows innovative concepts and more sensible developmental approaches. The people are burdened with incomprehensible debt and the government refuses to roll anything back. Pundits like this one are mixing up apples and oranges, clearly missing the big picture in vain attempts to find solutions in the parsed details without being willing to recognize the actual problems. If you look at these issues in terms of only current relationships under existing bureaucratic structures, you’re missing the big picture. What brought us here? An important first step to better economic understanding.

https://www.youtube.com/channel/UCkJ1N-7g9Q6n7KnriGit-Ig/videos

By: Ralph

Ralph — Mon, 24 Jul 2017 16:18:55 +0000

1. A few things, 95% of appraisals done for purchase transactions, appraise at or above the contract sales price. (which is one of the reasons there is a push to get ride of us), so I’m not sure why this author says we are conservative, that makes no sense)

2. I would guess this article is coming form angry home owner’s who are looking to tap equity from their home as their wages have not increased much since 2007 and are expecting appraiser’s to work miracles, by creating fictitious wealth, since many have limited savings and assets, other than their homes. (AND THEY BELIEVE ZILLOW!)

3. Since appraisals require older data to establish a value as of today’s effective date, hopefully appraiser’s are citing pending sales (i.e. more than 1) which are always your best indicators of the most current market trends, especially in upward or downward trending markets, as opposed to a sale which closed 12 months ago and was under contract 3 months prior to that.

By: Koma

Koma — Mon, 24 Jul 2017 16:03:03 +0000

Garbage in Garbage out!