20 Minute AI Appraisals Are Coming

[djd09]

unlicensed home inspection + avm + chief appraiser compliance signature = one world appraising...another conspiracy come true...good luck in east cleveland

 

[Airstream]

I don't think about the rich. They aren't the people with whom I compete for resources. They don't make me happy, they don't make me unhappy.

As for the march of technology, I personally benefit from it. I use online banking instead of standing in the 1hr line at BofA like I did when I was 18. I use the self-checkout machines at the grocery store and target. I use digital imagery and computer programs instead of 35mm developing and human typists. I use those tech advancements and a number of others without any regard for how many human employees they have displaced. I have to find/exploit my own opportunities in the general economy and so do they.

Exactly. You know the hypocrisy here is that our policies gutted middle class America, and people like J.Grant probably could care less because they can buy a cheaper car from the Chinese!

There is no stopping technology just because it will displace a few jobs. That's pretty short-sighted. The reality is it creates market efficiencies that ultimately produces. And production efficiency is always the road to prosperity.

My personal opinion is that in many markets AI will do a sufficient job for most products. In areas such as rural and complex waterfront properties that won't be the case. Not enough data to crunch. But I see no reason why lenders won't use eyes-on inspectors, then have that data crunched through comparable sales, and then statistical models created by AI, then AI adjustments to get a value. And if it is within 10% that's probably good enough. Heck in rural appraisals and with complex waterfront I tell people all the time that if I get within 10% that's about as good as it gets. And they seem to understand that. And if I have really good data I'm good at 5%. Also what I have seen from future software is that AI crunches the data, and then appraisers look at it and make sure it makes sense. Now instead of one appraiser being a form filler doing 10 appraisals a week, the appraiser is the person who reconciles the product, Now they can do 20 appraisals a week. It's coming. And if you don't prepare for it, you are about to go out of business.

 

[cpursley]

Remember Luigi assainationg the CEO of United Health Care? Expect a lot more of that if the tech titans benefit from throwing masses of people out of work.

It's not even "tech titans", it's open source hackers, foreign countries etc. If people put powerful tools out into the world, others are going to find uses for them. You can't outlaw math and algorithms, which is all "AI" is.

 

[djd09]

AI is good at censoring opposing views...very bias indeed

 

[J Grant]

Because I try not to dwell in the good vs bad realm. In order for one to believe something is intrinsically 'good' or 'bad', one must necessarily believe in moral absolutes - which I do not.

Not buying your wimp argument - I see a train coming to run a child over, and it is not good or bad; it is inevitable. The engineer could not decide if it was good or bad and so just let the train keep going instead of applying the brakes.

BS -This is the kind of passive nonsense that allows evil to flourish and things to go wrong that could have been prevented.

 

[J Grant]

I don't think about the rich. They aren't the people with whom I compete for resources. They don't make me happy, they don't make me unhappy.

As for the relentless march of technology, it isn't just the rich who benefit from that evolution. I also personally benefit from it. I use online banking instead of standing in the 1hr line at BofA like I did when I was 18. I use the self-checkout machines at the grocery store and Target. I use digital imagery and computer programs instead of 35mm developing and human typists. I use those tech advancements and a number of others without any regard for how many human employees they have displaced. I have to find/exploit my own opportunities in the general economy and so do they.

Even to the extent the various opinions about AI putting a lot of people out of work forever are correct, so what? Nobody is voluntarily going to stop taking advantage of their alternatives so that evolution is going to happen regardless of what we do.

One thing I know for sure, which is that it is not the role of government to function as a jobs program. Govt is morally obliged to operate with a reasonable amount of efficiency, and that will include the use of technology to leverage the human productivity. The money govt spends is NOT THEIR MONEY. It's our money, and govt has no right to recklessly squander it, receiving nothing in return.

We receive a lot in return from our government agencies. I don't have time to list them all, but consider that clean air, water, and safe food supply do not drop out of the sky, and China and India are choked with pollution because of their lack of agency on it. As well as our sientivic research that put America on the competitive front until now, the enatherathn in office will erase that.

 

[George Hatch]

I was actually just referring to commerce in general. Not DOGE. But since you want the tangent then lets do the tangent.

WRT the role of govt, your "all-or-nothing" is another example of the argument to extremes. Nobody is saying the goal is "nothing".

If you can acknowledge there exists a point of diminishing returns (time, effort, expense, compassion, efficiency - all of it) in the functions of govt then it follows that the point of balance between costs and benefits will be subject to adjustment from time to time.

If you oppose the existence of a point of diminishing returns then you will also oppose any "reduction" in the benefits. We can have anything we're willing to pay for. The question then becomes what are we willing to pay for?

 

[shrubberyvaluation]

2 days ago you were saying AI was all hype and wasn't going to put us out of work, today we're too passive about the dangers of it?

I think its hype, but the GSEs could hype it up to put us out of work before its even close to being good enough, which is my fear.

 

[NC Appraising]

There is no stopping technology just because it will displace a few jobs. That's pretty short-sighted. The reality is it creates market efficiencies that ultimately produces. And production efficiency is always the road to prosperity.

Few jobs?


Yeah, they are making these for shets and giggles. Or just for grandma in the nursing home to have someone to talk to.

I love it when people compare today's advancements with the model t or the horse and carriage.

Horse and carriage: required a human to get it to point a to point b.

Model t: required a human to get to point a to point b.

Waymo: humanless driver. No human required.

I guess on the bright side is that us Americans will not be able to blame immigrants for taking our jobs in the future...damn robots and AI.

Our politicians and corporations sold us out to China to make a profit. Now they are selling us out to silicon valley.

Fake news

https://www.cnbc.com/2025/03/26/bill-gates-on-AI-humans-wont-be-needed-for-most-things.html

 

[OSU Beavers]