Long Beach sued Riverside, because of Long beach’s tasty domestic water. That was many years ago and it resulted in the Adjudication of many upstream water supplies Water Value became separated from land and banks, lenders had to re establish their positions within the justice system. WHAT fun that was for appraisers.

And what fun is coming when a building permit is dependent on proof of water. Didn’t Denver steel water from California when they taped through the Great Divide. Remember Land was patented by the Federals to the people, this included Navigable waters. The States control the water within their boundaries.

Subsidence seems to be a recurring theme in California waterfront developments. In L.A. it was blamed (originally) on TUMS decades of drilling, so they started injecting water back into wells. What you describe seems much more likely. Many if not most areas are cut and fill down here.

Absolutely.

It could take as little as one medical issue to flip an “acceptable risk” into, can’t afford the mortgage with the medical bills, and find out, the property was over valued, when it can’t be refi’d to clear medical bills.

Do not make yourselves the target in the sucker game.

Within the past week, I was reading a news article about them building a greater seawall around the San Fran airport, because the Bart extension was built on dumped soil, which is still compacting, subject to erosion, and sinking, making the measurement look like the sea is rising, but the effect of underwater run ways is still the ultimate issue. Just glad I didn’t appraise it.

RR if an appraiser signed a garbage hybrid and the value is significantly off you really need to turn the report into the state and let them look closely at it. I’ve done this in Indiana, Georgia, and Virginia. Indiana determined they had no jurisdiction; Georgia is or has fined the appraiser and Virginia is going to take a much harder course of action against the appraiser their because of prior history.

While we prefer to help appraisers defend themselves, there is nothing about hybrids that IS defensible (from what we have observed to date). Please don’t ignore actual evidence of an appraiser working to undermine our profession. If we don’t self police, then we are subject to whatever others decide for us.

Though meant in jest Marion you have raised a fantastic point. Seriously.

IF man-made (or other documented cause) is in fact, going to cause 10-30 +-feet plus or minus rise in tides in 10; 20, or 30 years, at what point are we obligated to start disclosing it in our reports, and measuring diminution due to long term threat to the existence of the loan collateral?

When does all the discourse translate to real perceived risk, and start adversely affecting the value and marketability of low lying coastal land? Are lenders only going to make 15-year loans for low lying coastal property with an elevation of less than 30 feet?

Heck yeah, you better be devaluing those water front properties that are going to be under water from rising seas, before the end of the mortgage.

And don’t forget about those climate impacted properties that are suffering when they are wet, or dry, or in the sun, or when it’s cloudy and their solar panels aren’t working, or when it’s snowing, and their solar panels aren’t working.

Heck yeah climate change is an appraisal thing. Put that in your report.

Wait, is climate change an appraisal thing? I can’t keep up.

that is another lie. I didn’t know who you were until 2013, so even if you know who I am, and you are trying to avoid being accountable, people on this blog, and in the profession, feel the results of your incompetent efforts to protect us from the predators who don’t want us involved, the “who needs experts” trend; just like the denial of climate change. Tell us whose minds in congress that you have changed in support of appraisers! You are copying the trend that has infected our country, that fake, fake news bs. By the way, this is the first time I have ever criticized you publicly. If my statements are so “tired” there must be many others who have joined me in criticizing you for being a waste of AI member’s resources.

Right on time, coinciding with broadly applied reductions in risk management approaches through multiple sectors including housing, as predicted.

The recession is guaranteed. Where when and how long it will last are still in question depending on policy.

Mike is correct. I’m a big boy. And I know exactly who this person is making these comments. She’s from Oregon and really needs to change her material. She’s been making the same tired statements – that I take bribes, that she’s out to get me, and that I’m a bad campaigner – since 2010. She hasn’t gotten too far with any of it. Although she is probably right on the last part. So, keep firing away DS – or maybe keep digging your hole is a better way to put it.

DiBiasio. Apologies for repretitive spelling error.

I don’t usually agree with RR’s partisan colored posts because any valid messages become lost in the clutter of the partisan rhetoric. Posting that way is her right.

The Pseudonym ‘law firm”s response, on the other hand, is pure cowardice. It is an attempt to stifle free speech by one poster, and the forum in which all of us use to gain and give insight into important appraisal issues.

The cowardly poster(s) relies on innuendo and inference to try to intimidate either R/Rose or the Administrators of AB into silence.

I personally challenge the phony fictitious jocular law firm name poster to the following. Cite ONE specific jurisdiction and specific violation statute within that jurisdiction that you mistakenly believe could remotely cause either RR OR AB to spend time defending themselves from a slander lawsuit. By the way “Legal Eagle’ when the offense you infer is written it would be called “libel” not “slander”.

I don’t believe the poster is either Mr. D. or any of his legal friends. Mr. DiBasio is a public figure as a political lobbyist for the Appraisal Institute (& others). He has spoken on their behalf on many occasions-public and private. He was present at a meeting I was invited to recently by the AI’s California Government Relations Committee. He is a big boy, and a professional. He’s not going to waste his time on something as spurious as this.

If he ever did, I’m sure he’d get the distinction between slander and libel correct.

Troll Alert: This comment/commenter was flagged as suspicious!

Realrose appears to have to much time on his/her hands. I suspect that some of his excess time will soon be spent defending him/herself and Appraiserblogs from a slander lawsuit.

This is how they are engineering the next bailout!

We also got a refi and our bank (Key Bank) used a local licensed appraiser and a real estate broker (who didn’t have a card) who knocked on the door and asked to take exterior photos; didn’t ask to see the inside which was completely remodeled 2 years ago, also new roof etc, etc. … I told him he could take the photos and then added that he can’t be a very successful broker if he is out taking photos for appraisers, and told him to hurry up and get the hell off the property. They came in very low, but I want to call the appraiser and tell him I hope it was worth taking all the responsibility for a lousey few bucks. I want to know what they are paying these desperate appraisers!

after reading this from realrose, in my mind i keep seeing the death star blowing up in star wars.

This crap has happened on your watch. As a lobbyist for the appraisal industry, you have been a complete failure. I wouldn’t be surprised if you helped the American Enterprise Institute who has (along with Joan trice of Collateral Risk Network) destroy the profession we once enjoyed. I realized that you must be on the take with Koch Brother’s AEI when I read the September 18, 2019 Appraisal Buzz magazine that pushes all kinds of trial balloons that they invent to confuse appraisers and the American public. Their next convention is in two days…

In the bailout of the S&Ls in 1989, appraisers were blamed, and licensing and stiffer regulations were required of us, and we got USPAP which we now have to take a class in every two years; in the 2008 bailout of the Banks where Wall Street stiffed investors, whole countries were infected with crooked banks and brokers, deflecting blame about the financial crisis they caused with derivatives and and brokers betting against clients, and so many people lost their homes, again, blaming the appraisers…. Flash forward to now, when we have Mnuchin in charge of the Treasury, and deregulation of everything, calling hybrids valuations and letting non-professionals and algorithms and indexes replace us, some think we can ignore USPAP, so they invent more “modern” ways that degrade our profession!

I read today from the New York Times that Mnuchin forgot to disclose $100 million worth of assets when he was confirmed…. nothing but crooks in Washington DC which became a total swamp with you and others selling out the same people you are responsible for representing. You should be ashamed. I checked out your background back in 2013 to see what your qualifications were, and you’ve never been an appraiser, nor are you qualified to represent us! Prior to becoming the lobbyist for state regs you unsuccessfully ran for some local office in Baltimore, but never raised one cent. How could a guy who knows nothing about appraisal represent us? The people who organized this blog could do a much better job than you, who helped sell us down the river, and it is polluted with the muck of so-called “modernization”, thanks to you and Trice who testified in front of congress about appraisal issues and who continues to profit off the back of appraisers with their conferences full of new ways to peel the banana, but all of we who depended upon you and others to respect our profession, and our ethical standards might as well call yourselves pimps for inventing the AMC model, thinking the Koch brother’s tea party as our next savior, all the while you are throwing banana peels in our path to earning a living while we slip into oblivion.

Now we have hybrids and the AEI want us to use their manipulated market trends they feed us while we sit like idiots at our desks doing bs with exterior photos from a non professional who does our inspection, take comps from the tea party and you have the nerve to speak on this blog when you have failed us. Resign because I have declared war on you and Garber who was a former lobbyist for a mattress company who handles national appraisal issues for the AI. Talk about artificial intelligence, you are what we get because the appraisal profession has been broken into bits, and you appear totally clueless- try reading this blog every day and you will learn that we are not all as stupid as you think we are, and that we are worthy of saving, and any bribes you took because the tea party corrupted WDC should last you for the rest of a comfortable retirement. I will not forget that you did nothing for us, and now I will let everyone here know who you are.

Before we had the 2008 bailout, politics didn’t factor into our work. We are republicans, democrats, independents, and some of us can’t put 2 & 2 together to figure out what happened to our profession. I figured it out and watching you and that crook occupying our white house who launders money for russian oligarchs, takes orders from dark money from the tea party, all while being destroyed by incompetent lobbyists and industry crooks like you, garber and trice! Our hands are tied because we are licensed and carry E & O insurance, but to protect ourselves because we are bound to USPAP, we may as well flip burgers because now that you sold us down the river we are swimming in polluted waters, upstream in rapids, drowning and disgusted.

Seek the truth