3.6 The promises, the predictions, the panic and the fight for the dwindling appraiser dollars

[djd09]

the inspector is just like the appraiser...no deal killing

 

[Carnivore]

In oSo after a few caculations A HUD inspector earns about 80k a year due to all the savings and benefits AND 2 wweeks paid vacation AND health insurance a retirement

 

[Sandra Koutsopoulos]

In oSo after a few caculations A HUD inspector earns about 80k a year due to all the savings and benefits AND 2 wweeks paid vacation AND health insurance a retirement

I see they will work with independent contractors too. ...Hmmm..... thinkin'...

 

[Carnivore]

the inspector is just like the appraiser...no deal killing

You don't knon;t know federal government emloyee's like I do when I was active duty they work at half speed and they have a union

 

[Alsie35]

You don't knon;t know federal government emloyee's like I do when I was active duty they work at half speed and they have a union

I was stationed at two of the largest Depots in the 1990s - a LOT more DoD civilians worked there than there were active duty. They moved at their own pace, and had their own saying: "Good enough for Government work." I did not leave there with a positive impression of the Federal Civilian* workforce. Quite the contrary.

*The "quasi-government entities" fit into this category. They are Fed bureaucrats in all but name in my view. Any vestiges of enthusiasm for their employment and drive that some might have had while in the private sector fall away quickly once the incentives for working hard are removed by Govt Employment rules. Eventually, all who stay long-term become drones and leeches on the Economy.

(Theodore Roosevelt called them "Byzantine Logothetes" He had a way with words.) That's my view.

 

[Carnivore]

When they get up to GS14 I think I recall they are useless The GS low wnumbered people do work but as that GS number climbs the slower they get

 

[Carnivore]

I was stationed at two of the largest Depots in the 1990s - a LOT more DoD civilians worked there than there were active duty. They moved at their own pace, and had their own saying: "Good enough for Government work." I did not leave there with a positive impression of the Federal Civilian* workforce. Quite the contrary.

*The "quasi-government entities" fit into this category. They are Fed bureaucrats in all but name in my view. Any vestiges of enthusiasm for their employment and drive that some might have had while in the private sector fall away quickly once the incentives for working hard are removed by Govt Employment rules. Eventually, all who stay long-term become drones and leeches on the Economy.

(Theodore Roosevelt called them "Byzantine Logothetes" He had a way with words.) That's my view.

while I got your attention Brother I amg oing to post something soon about the Iran war and it is scary for Western Europe. really scary
I know you know what NBC is and training well it is a hybrid version

 

[Terrel L. Shields]

leaving primarily the most complex and challenging cases.

The crux of the problem. No more money, but much more complexity as only the difficult complex, unique, rural, or huge homes remain to be valued by a human. As long as the cruel pinch of want force the under-worked appraiser to accept sub-par pay the whip remains in the hand of the AMC and lender. If we see a mortgage boom then perhaps the whip hand changes, but I see a continual erosion of the number of appraisers as more retire or starve out. The AMC apparently does not realize that this means their work gets harder and harder and their clients have the upper hand on them. And the banks and FNMA et al, for their part, will only campaign to eliminate the appraiser entirely and opt for the AVM.

the missing HWH?

Hot water heater? Do they make a hot water cooler?

I did not leave there with a positive impression of the Federal Civilian* workforce.

I worked with the Dept. of Energy. Same issues. Incompetent bosses and the minions under them simply accepted the stupidity and drew their paycheck. I could cite several examples of such incompetence.

 

[Sandra Koutsopoulos]

Re: actual real home inspectors. Lady down the street was trying to sell her house. After getting an accepted offer, the Buyer hired the most detailed, correct, exacting, competent home inspector which produced a MULTI-page killer report... which killed the deal of course. In reading the report, I was impressed by his knowledge, and detailed photos. What was left out of course was the fact that NO house is perfect, not even new construction, and all the flaws revealed failed to give the Buyer a competent idea of what the cost to correct those flaws would be, so the Buyer cancelled the contract. If I were buying a house, I would appreciate all the detail so I could take care of necessary things, but it just scared this Buyer away. So, a better way, IMO, would be to do a good inspection and then point the Buyer in the direction of what the typical cost/time range of the fixes would run, and where they could go to get solid quotes to have things repaired correctly. Often, Buyers are skittish anyhow, and see something as minor as a missing electrical outlet cover as a "sign" that they shouldn't buy the house.

I did actually get a good look in that house, and found numerous problems from electric, to plumbing, to improperly homeowner-installed vinyl plank flooring, to slobbery paint at the 14' ceiling level, missing hardware etc. Yup, it needed some work, was priced too high, and ended up being rented to folks who clearly were not perfectionists.

 

[Sadie]

So I ask AI how did it know res appraisers were looking for employment in a related industry below is the reply


Appraiser Facebook groups have constant discussions about exit strategies.

• The average age of appraisers is high, so many are naturally thinking about second careers.
• The market slowdown pushed a lot of people to look for stability. Well that makes sense

HUD inspector pay

Most HUD inspection jobs pay between $50,000 and $60,000 per year nationally, with some local housing authorities paying hourly rates in the $19–$27/hr range depending on the role and location


So you ain't getting rich Some money is better than no money. Plus you get rid of all the fee's and cost of being an independent fee appraiser

I looked into this and it does not pay well. Plus there is no guarantee the properties are vacant.