…and the chaser!

https://mary–cummins.blogspot.com/2021/08/alleged-discrimination-in-real-estate.html?m=1

I’m an Appraiser in the Greater Cincinnati area. This just hit the news here. Linking to a news article where PAVE is mentioned, and a quote from AI’s Rodman Schley.

https://www.wcpo.com/news/our-community/this-black-familys-home-appraisal-grew-by-92-000-after-they-removed-all-signs-of-their-race

We can save this PAVE panel a lot of time; skip the re engineering of the appraisal valuation development process, move on to community investment, financial education for better credit access, jobs creation, area amenity, safe living conditions, urban renewal projects. The presence of or lack of these factors within a community is what drives the value of individual locations, the price follows. Appraisers measure the market, they do not create value or set price benchmarks.

Some urban renewal projects in CO worked and worked well. What used to be very rough areas are recovering, improving home values and neighborhood qualities, renewed attention from investors and builders, reductions in crime, as a result entire regions improved. People just need something to get behind. There are ways to accomplish these goals without increasing taxes, without having to re engineer entire industries, without using the force of government and regulatory powers. Keyword; urban renewal.

Yea yea Baggins. You said years ago how you spend a whole week to develop one appraisal and how you call NASA to get data on the position of the sun and moon so you know the effects of the shadow of the street light in front of the house.

Continuing ED is not high cost. $350/yr at most. Takes two days to complete. Digs says he’s not busy, he has plenty of time.

Assumptions. A properly formed appraisal under challenging circumstances can take days. Continued education can have a high cost if one is busy working. I’m like, why volunteer for the abuse. Reality check is when people finally realize the racial makeup of the appraiser does not affect the influences which from value is extrapolated. Perhaps a larger government will help.

I agree, A Two year assoc degree would probably cost $20,000. The $2000-$2500 is for classes to become an appraiser today. This debunks the education investment. Two year assoc degree vs 13-15 months debunks the experience investment. 1 appraisal a day x 5 days a week x 50 weeks = well over $80k. Not sure where your area is at but it must one of those anomaly areas that is not indicative of the rest of the country.

Yes, I am making it all up. Perhaps not true for you, but that’s how it is in my area. I’m part of an appraiser group here and we try to meet once a month and are very candid about our businesses. We have known each other for 15+ years. While we don’t get into exact numbers, no residential only is earning 80k. Of course that could change this year, but this is not the norm. Plus if you lose your cert after 15+ years in business its not as easy as it seems to make a transition to something else. 80K out of the gate? Over here NEVER gonna happen. Also not sure how an associates degree (at a minimum) plus appraisal classes are only $2,000 – $2500.

Other than no benefits nothing else you say is true. It is very minimal education investment. $2,000-$2500? My state lowered the apprenticeship to only one year. So you can be an appraiser in about 13-15 months. Been appraising for 30 years and liability has never been an issue. What’s the worse they can do? Take you license? Darn, now I don’t get to be an appraiser. Income potential has never been greater. Name a two year degree that makes $80K out of the gate with a growth of double that in a few years? If you have a spouse with benefits then you’re all set.

Fast forward to today and the constant BS appraisers deal with from AMCS who couldn’t manage a high school lawn mowing company properly, as well as all the regulations, and now predatory AVM companies, here we are. Someone needs to be blamed and its once again the appraisers. If PAVE wants changes then they need to go back and look at history. Look at the laws put into place, the education requirements and more.

The Ax Miller wants to grind with AI and TAF are his own, There is a much bigger picture to look at and when the opportunities were there to make change… no one did a damn thing.

In order to get diversity in the industry the training would have to become a classroom setting as like an associates degree with internships. That way they can throw “for minorities only” scholarship money around with the hopes people will bite.