Just after reading the USPAP ASB Q & A thread, I picked up Working RE in "the library" for a minute of reading pleasure. This is the article I chose at random:http://www.workingre.com/workingre/liability-landmines-appraisers-beware-page.html There were lots of practical tips about avoiding liability, but a few glaring problems. Example: The author advocates erring toward the low side whenever the market evidence is thin enough that "you cannot unquestionably prove" that it was worth that much. He goes on: "A good test is this: For every appraisal you perform, imagine yourself in court trying to explain why the value is accurate. If you cannot, reduce the value until you can." Does anyone else see a USPAP error in that strategy? It certainly will lead to technical valuation errors. In fact, I suggest the value sought is Cover Your A$$ Value, not Market Value. And, that fact is not disclosed. The author goes on to argue another point. He states that since the government debt is spiking, interest rates (including mortgage rates) will inevitably increase and that will effectively lower market values. OK. He says that will lead to more REO's, and more scrutiny of appraisers. He concludes: "Since appraisers are charged with determining the present worth of future value, understanding these economic issues is part of the appraiser's responsibility." The implication is that there are clouds on the horizon in his value forecast, therefore be all the more conservative. Technical issue: What if buyers and sellers don't look over homes, find one that is most appealing and whip out the HP and do a PV calculation, mindful of this guy's forward looking macro economic forecast? I'd love to see the paperwork on the future benefits of mowing the lawn and painting the house and dealing with noisy neighbors. We aren't looking at triple net income stream of known quality here. I might want to give the author a break, since he is preaching to a certain audience & many of the comments have practical merit. But, it might as well have been an article about how to perform comp checks without following Std 1 & 2 and fly under the radar. What do others think?