Black Homeowners Face Discrimination in Appraisals

[George Hatch]

IMO we are living in a glass house and someone is throwing rocks at it. We need to figure if that someone is on the inside (appraisers doing bad things) or the outside (people falsely accusing appraisers of doing bad things).

The worst response we can make is to claim our innocence without first knowing if we actually are innocent. Just because an accuser might have ulterior motivations doesn't automatically render the facts of that accusation untrue.

I look at it this way: If some borrower accused you or me directly of this kind of misconduct in an individual assignment we'd set about to defend our actions as a do or die proposition because that's what it would be for our personal reputation. The only reason we'd have for not first identifying if we acted badly would be because we would already be in a position to know that answer. Which is not the case for us when faced with these blanket accusations involving other appraisers.

 

[glenn walker]

Let's All Look In The Mirror And Make A Change :
We all know there are appraisers who are are racist, sexist, homophobic, xenophobic, and they are a stubborn bunch and offensive hateful and they repeat a lot of mean-spirited rhetoric. Therefore we are going to need appraiser re-indoctrination programs to get them up to speed. I need the money and so I am your man. I have read the fine report written In 2018, where researchers from Gallup and the Brookings Institution published a report on the widespread devaluation of Black-owned property in the United States, which they discussed in a 2019 hearing before the House Financial Services Subcommittee. The report found that a home in a majority Black neighborhood is likely to be valued for 23 percent less than a near-identical home in a majority-white neighborhood; it also determined this devaluation costs Black homeowners $156 billion in cumulative losses.

This has to be stopped immediately and a I am both shocked and ashamed to report that many do not believe these articles by our academic geniuses. Later today I am calling my contacts at the NY Times to see if I can write an- Op-ED in support of these discoveries. I think these guys are too low in their estimates, and my racial regression and hate crime model is showing the $156 Billion in comultative losses is short by at least $100 Billion. And can you believe one of our Institutions designated members is writing letters disputing these authors and journalists. Is this another deplorable white member who is trying to slow up the progress, and diversification. How could she be defending these hate mongering appraisers. Her designation should be revoked and a mandatory 8-week program getting her up to speed on how to deal with these issues in this brave new world.

Personally I am on board with the NAR model which has a robust and diverse universe in its membership and unlike appraisers they are powering forward with new and exciting virtual courses, teaching there membership on how to maneuver in this bold new world we are entering. Now if appraisers could only take a Knee and admit it's time to come together and end these low valuations ,things would get better. We can do it and 2020 can be the year when appraisers opinions of market value will no longer matter. Start hitting the Bulls-Eye and end the suffering and pain we are all going through

 

[George Hatch]

It doesn't take any new training for appraisers to understand that it's unethical to lie, cheat or steal in an appraisal and it's *especially* unethical to do that in order to advocate some personal bias toward a borrower. For any reason.

By the time we get to someone who is telling lies in an appraisal we're past the point of calling it a problem of competency that can be cured. That makes the cure for such ethical misconduct a radical appraiserectomy - remove the tumor and burn it.

 

[Renee Healion]

Uncle Billy--call me. Glenn's found the key to the office.

 

[glenn walker]

Uncle Billy--call me.

Uncle Billy says the only color we care about is green

 

[Bobby Bucks]

Uncle Billy--call me. Glenn's found the key to the office.

I'm a charter member of the Uncle Billy fan club, but that was funny!

 

[Carnivore]

With the Internet every journalist now has an outlet. They get paid based on subscriptions, page Hits or catching the Eye of a Major Newspaper.

Headline is the bait....Newspapers have people who make a headline that catches your attention. The Journalist drives home their agenda/story in the first or second paragraph..... They know readers only go so far into the article.... AND thats why the Journalist puts their twist on it early on ...but down below is where the truth is ...just after the reader stops reading. They do this so they may be seen as impartial.
--------------------------------------------------
Short Story about me and one of my Cousins. I am going to leave out some details.

I read an article about something political a Young Journalist wrote. So I responded to the Journalist by dissecting his article piece by piece.. it was full of falsehoods, twisted facts ...steering...you name it he did it. I pointed everything out...took me awhile to craft the response because you can't criticize by twisting the response yourself.

I really had an effect on him... So much so he took my letter to one of his College Professors at the School of Journalism he graduated from. The reason he did that was because he recognized my middle and last name. I am sure its partly because my Family has a Scholarship Endowment at that college. What caused all the stir in my family is his college professor was my Cousin. When this happened she was an assistant Dean or something like that. The end of the Story is my Cousin never talked to me again. :-(

 

[ZZGAMAZZ]

The real estate section has to be a backwater of any paper, this one included. The front page is still earning Pulitzers for excellent investigative reporting. Though we are a small industry, a more skilled reporter would have to take a less credulous approach. When the local papers reprinted the NYT article, they edited the most heinous part out. Too bad. Still, the author of the hateful remark at the end of the NY Times piece will have to own it wherever he appears. So, as bad as what he said is, it is good that it was published.

---------------
An egregious factor is that ostensibly "news" articles are laden with "editorial" statements. Also, try reading the titles of the LA Times articles written about the President. The inherent bias in the slant of the headlines is sickening, presumably slanted in an attempt to sway public opinion. Cept for the Sports section my subscription would have been cancelled long ago, although the sports world is rapidly sliding down the slippery slope . . . perhaps into non-existence . . .

 

[ZZGAMAZZ]

With the Internet every journalist now has an outlet. They get paid based on subscriptions, page Hits or catching the Eye of a Major Newspaper.

Headline is the bait....Newspapers have people who make a headline that catches your attention. The Journalist drives home their agenda/story in the first or second paragraph..... They know readers only go so far into the article.... AND thats why the Journalist puts their twist on it early on ...but down below is where the truth is ...just after the reader stops reading. They do this so they may be seen as impartial.
--------------------------------------------------
Short Story about me and one of my Cousins. I am going to leave out some details.

I read an article about something political a Young Journalist wrote. So I responded to the Journalist by dissecting his article piece by piece.. it was full of falsehoods, twisted facts ...steering...you name it he did it. I pointed everything out...took me awhile to craft the response because you can't criticize by twisting the response yourself.

I really had an effect on him... So much so he took my letter to one of his College Professors at the School of Journalism he graduated from. The reason he did that was because he recognized my middle and last name. I am sure its partly because my Family has a Scholarship Endowment at that college. What caused all the stir in my family is his college professor was my Cousin. When this happened she was an assistant Dean or something like that. The end of the Story is my Cousin never talked to me again. :-(

--------------
Probably a good time for me to contact the graduate J-School I attended . . . though it's been sooooo long ago . . .

 

[Renee Healion]

So here is our headline:
Messengers Who Object to Being Shot Shoot Messengers

You made me look. The NYT reporter is a contributor, so not on NYT staff, and her usual beat is international travel and entertainment.

We are the Rodney Dangerfield of finance and real estate.