ASA fired off quite the letter

[JeffSH]

The money is a subset of your self-interests. Which you already illustrated with your references to your preferred lifestyle.

Some of you keep assuming that the only legitimate form of appraisal practice is working as a fee appraiser. That assumption is subject to challenge.

10 years from now the typical appraiser may be working in a cubicle farm, conforming to the office dress code and HR policies of respecting everyone's pronouns and not making eye contact with any of the women. Clock in at 8:00, standup meeting at 8:30, one hour for lunch and (2) 10-minute breaks. 'Cause those are the terms of the collective bargaining unit settled for during your contract negotiations.

Human nature is a proven commodity. You'll go broke trying to fight it.

Across all sectors, union employees make more money than their non union peers, and they have way better benefits. My uncle worked union HVAC his whole life and he just retired. He'll be making 75% of his salary for every year until he dies.

Anyone who thinks they will get a better deal by negotiating with the boss 1 one 1 is fooling themselves. Power in numbers. We get paid pretty well. We'd be paid even better if we banded together and rejected all orders where the AMC makes more than the appraiser.



Per bureau of labor statistics:

 

[George Hatch]

what...USPAP isn't going to save us

No moreso than the laws which outline individual conduct with respect to prohibiting speeding on the freeway or committing crimes against persons or property. The rules are just... the rules. They have no power of their own except to the extent to which they are or are not enforced.

On the flip side, enforcement would be impossible without a pre-existing set or rules to enforce. You can have rules without enforcement but there is no such thing as enforcement without the existence of a set of applicable rules.

 

[George Hatch]

Across all sectors, union employees make more money than their non union peers, and they have way better benefits. My uncle worked union HVAC his whole life and he just retired. He'll be making 75% of his salary for every year until he dies.

Anyone who thinks they will get a better deal by negotiating with the boss 1 one 1 is fooling themselves. Power in numbers. We get paid pretty well. We'd be paid even better if we could come together and reject orders where the AMC makes more than the appraiser.

Well, I do want you to be happy.

Toward that end I support your desire for a union and collective bargaining and successfully negotiating union scale. I encourage you to go forth and organize. Lemme know when you sign up enough members to rent an office space to work out of.

Just don't forget that you can't run a union without meetings

 

[djd09]

No moreso than the laws which outline individual conduct with respect to prohibiting speeding on the freeway or committing crimes against persons or property. The rules are just... the rules. They have no power of their own except to the extent to which they are or are not enforced.

On the flip side, enforcement would be impossible without a pre-existing set or rules to enforce. You can have rules without enforcement but there is no such thing as enforcement without the existence of a set of applicable rules.

when the 'laws' are unconstitutionally written then you get what you deserve...give me the pen i will fix it

 

[George Hatch]

when the 'laws' are unconstitutionally written then you get what you deserve...give me the pen i will fix it

Gee, you should probably sic the courts on that injustice. Either that or lobby Congress to change it's mind about authorizing TAF as "the Source of Appraisal Standards and Appraiser Qualifications".

 

[JeffSH]

Well, I do want you to be happy.

Toward that end I support your desire for a union and collective bargaining and successfully negotiating union scale. I encourage you to go forth and organize. Lemme know when you sign up enough members to rent an office space to work out of.

I have a futile attitude as well. I've never met a group of people more right-wing in my life. In Iowa it was crazy how right-wing the appraisers there were. I'm sure it was the same in Omaha, but I didn't get involved in appraisal groups there.

But you're not encouraging me. You're anti-union.

 

[djd09]

Gee, you should probably sic the courts on that injustice.

beebop...it is all good mr. ivpi...beebop

 

[JeffSH]

I encourage you to go forth and organize. Lemme know when you sign up enough members to rent an office space to work out of.

Just don't forget that you can't run a union without meetings

Does it offend you that union ownership is beneficial to the worker? Do you seethe every time you read about a teachers' union negotiating for something?

 

[JeffSH]

Yes, you do have to get together with people in order to get things done Meetings? Oh no! How terrible.

 

[Terrel L. Shields]

All of the reasonable and credible appraisal reports in the world did virtually nothing to mitigate the last real estate crash. No reason to think they would prevent the next one.

The problem was the LACK of reasonable and credible appraisal reports pre-crash, because the mortgage brokers got to pick number hitters. What we had, was a bunch of number hit /inflated crappy appraisals, picked by mortgage brokers and a lesser number of credible appraisals..

Most properties in foreclosure that I worked with were foreclosed upon because the borrower did not have money enough to make their payments. They got sick, they lost their jobs. It had nothing to do with the appraisal. Having said that, there were a number of times where the bank asked for additional money because the property values dropped placing the loan underwater and the appraisal therefore was central to the banks decision. Without the benchmark of the appraisal, how would they know the real value at the time of the loan and without a re-evaluation (which I did a ton of) how would they know it was underwater? Further, the collapse of prices was unheard of, thought not possible except on a small, local scale, not a nationwide collapse.

I don't believe that cherry picking number hitters was a huge factor either. But what these over-valuing appraiser did was a form of group confirmation bias. These appraisals justified asking higher and higher prices for properties costing no more than before until the building suppliers realized prices were increasing so they raised prices and back up the supply chain in what is known as the bullwhip effect. Number hitters greased the skids to ever spiraling prices. And trust me, no MB's picked number hitters in 2020-22 but the same price spiral was out of control and we saw price hikes that are a magnitude higher than any previous period in the 20th and 21st century, bar none. I blame market adjustments (time) as market conditions adjustment saw people adding a percent to the older comps whereas using no time adjustment would force price increases to be supported only by cash sales...that would have dampened the over-priced property today. That over-priced property will ultimately burden homebuyers and I suspect 2024 is going to see a lot more foreclosures than this year.