20 Minute AI Appraisals Are Coming

[alebrewer]

I totally disagree with you. I will believe it when I see it.

Its all conjecture at this point anyways. Doesn't matter who believes who. Another poster mentioned the 'exponential' rate of growth WRT AI learning - that much is fact.

 

[Joe Flacco]

Its all conjecture at this point anyways. Doesn't matter who believes who. Another poster mentioned the 'exponential' rate of growth WRT AI learning - that much is fact.

I think you all consume too much main stream media.

 

[alebrewer]

I think you all consume too much main stream media.

I use the stuff, dude. Its for real. I use r to to market analysis. Instead of being able to code in r, I merely have to ask Claude, Formulabot, etc. to write a code chunk to do what I need. I can drop an apppraisal PDF into Formulabot and have it analyze it for me. It's stupid what this stuff can do. I'm cool with folks poopooing its potential, but that doesn't make it not so.

 

[Joe Flacco]

I use the stuff, dude. Its for real. I use r to to market analysis. Instead of being able to code in r, I merely have to ask Claude, Formulabot, etc. to write a code chunk to do what I need. I can drop an apppraisal PDF into Formulabot and have it analyze it for me. It's stupid what this stuff can do. I'm cool with folks poopooing its potential, but that doesn't make it not so.

I don't give a **** about r. Or any method that requires bigger data sets. The results are wrong.
There are stuff that can create efficiencies.

 

[Joe Flacco]

Even the GSEs think they are so high tech. Their systems are not that sophisticated. They have a lot of data but that's it. They completely ignore the fact that how people behave is very micro location specific.

 

[alebrewer]

I don't give a **** about r. Or any method that requires bigger data sets. The results are wrong.
There are stuff that can create efficiencies.

Relax dude - no one's making you use any of that. You do you. Although, in general, I'd advise against not giving a ****. That's a good way to get constipated.

 

[Joe Flacco]

Relax dude - no one's making you use any of that. You do you. Although, in general, I'd advise against not giving a ****. That's a good way to get constipated.

I think I might be constipated all the time but it doesn't really bother me.

 

[shrubberyvaluation]

Theoretically the same methodologies that appraisers use... I know for a fact that AI uses regression better than most appraisers. Teaching it to perform paired sales would be much easier than regression I'd think.

How does it know what is a paired sale and the factors involved? Some waterfronts next door to each other can be very different with different views, different water depth, etc.

 

[alebrewer]

How does it know what is a paired sale and the factors involved? Some waterfronts next door to each other can be very different with different views, different water depth, etc.

You may have missed the part about AI not handling external well yet. It will, though. Teaching it to perform paired sales analysis is child's play. Teaching it to recognize differences in 'deep water' access, rocky shores, 'open water', etc. is going to be a challenge.

 

[ucbruin]

How does it know what is a paired sale and the factors involved? Some waterfronts next door to each other can be very different with different views, different water depth, etc.

Very good point....
For that 1 property....
20 human appraisers can bid for the assignment....