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Appraiser Shortage Myth

I still don't understand the PDR Dude and the appraiser seperation. I think it had to do with bias complaints. That's not very efficient model unless of course they may have been thinking a more efficient appraiser and possibly the future decline of appraiser numbers.
 
It's nice to see evidence of what most of us have suspected for years. If they claimed there was a shortage of residential appraisers willing to deliver reports in 1-2 days with very low fees, I might have believed them.
 
Some areas of the country has a low supply of appraisers. The suburban and urban areas have a oversupply.

I was talking to assignor for a large bank. In a state in the upper NE, there were only two appraisers for the area. She could not stand one of them, but had to deal with him.

In north carolina, in the lower SW, i spoke with a guy that literally has 50 sales a year (comps) for the area that he covers. He is one of the few appraisers that covers those counties.

....perceived undersupply....AMC calls lender. We can only find 2 appraisers for this area. ? How many appraisers do you need to cover an area with only 50 sales a year? Probably 2.

The other issue are the AMCs themselves. They only have a certain amount of appraisers on their panel. So when things get busy, most lenders have 1-3 AMCs that they deal with.

1 order goes out to 1-3 AMCs that may have 5-20 appraisers on their panel for that area.

As compared to 300 appraisers total for that county. Perceived undersupply.

Then you have their TEIR system. Most orders go to their top five appraisers. Why would an appraiser work for you if they only get 1-4 orders per year?

This may seem like there is a undersupply of appraisers. In reality, it is the system that failed.

For example, during the boom of 2020-2022, I did not get ONE single request from any of the top ten largest AMCs.

Undersupply? Or not enough appraisers on their panel? Fee to low? Come in low/didn't meet value?

Saying there is a undersupply of appraisers is just the easy way out in some cases. I think it has to do with fees and not having enough appraisers on their panel.

Undersupply or your company sucks and appraisers do not want to work for you?
 
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Speak for yourself. The wife and I have four boys. One is married with a daughter. They would like to have more but cannot afford a house.

Sucks to be young and starting out.
 
i spoke with a guy that literally has 50 sales a year (comps) for the area that he covers.
Similar to some of my rural areas I cover. I covered them because there are few appraisers willing to drive that far. So, comps are scarce enough that you are left trying to fit square comps in round subjects. I might have 3 sales with a basement in NE OK except for the homes immediately surrounding the steeper hillsides along the lakes. Do I try to shoehorn a lake sale into a remote rural property on acreage? Or adjust for the basement? It's not something you automatically choose without some angst.
 
Spoiled kids grow up
Into hysterical monsters
With thin skins and
Sensitive feelings, easily hurt.
They buy guns to kill
Those they regard as
Lying authoritarian bullies -
Whose domineering stance
Incites deep hatred from within.
They go to jail and rather than abide by law.
If they didn't have children they already killed,
Will never have more.
Problem solved - at a cost.
======
Punishment must be used judiciously,
But a stick, a cane, a belt once every couple of
years for some minor infraction teaches
balance.

In the old days in Germany, the preferred punishment was forcing a child to hold an adult sword out to the side for an unbelievable amount of time - so I have been told by Germans.

"The logic of such punishments is inherently escalatory. If dropping the sword carried no additional consequence, every kid would just drop it immediately. So there had to be a credible threat backing it up — typically corporal punishment like caning, birching, or a beating.

In military and martial training contexts, the progression was well-documented. A squire or page who failed a discipline exercise might receive lashes, lose a meal, or be given an even more grueling physical task. Japanese martial arts traditions had similar escalation — failure in an endurance exercise could mean additional and harder exercises, or strikes from the instructor.

The psychological dimension is key too. The real cruelty of the punishment is the choice it forces: you're enduring increasing agony, knowing that giving in leads to a different kind of pain. It turns discipline into a test of will rather than just a physical ordeal. The child learns to associate quitting with worse consequences than persevering — which, from the perspective of someone training future soldiers, was precisely the point.

Of course, from a modern perspective, we recognize this as a pretty textbook example of coercive control. But in eras when physical punishment was the norm and boys were being prepared for genuinely violent lives, it had its own grim internal logic." - Claude
 
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