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Bye-bye Skippy. Let gas prices continue to rise!

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The Sheriff

Member
Joined
Mar 21, 2007
Professional Status
Certified Residential Appraiser
State
Arizona
It's only a matter of time before we creep above $5 a gallon... and if the economist are correct, $7 might be possible by the end of summer. Although it hurts all of us, the AMC's are going to have bend. The skippy's can't afford to do the work for their current fees when the gas prices don't cover the bottom dollar when an appraisal is completed. Come on oil prices... keep rising!
 

Jim Massnick

Sophomore Member
Joined
Dec 17, 2002
Professional Status
Licensed Appraiser
State
Michigan
It's only a matter of time before we creep above $5 a gallon... and if the economist are correct, $7 might be possible by the end of summer. Although it hurts all of us, the AMC's are going to have bend. The skippy's can't afford to do the work for their current fees when the gas prices don't cover the bottom dollar when an appraisal is completed. Come on oil prices... keep rising!
Yes..lets put this country in a worse position its in right now.....keep rising!!!
 

Mike Boyd

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
Most are too stupid to know they are losing money on each deal.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
I thought the Skippies were paying the AMCs to do the appraisal.
 

38Scarcello

Member
Joined
Apr 26, 2004
Professional Status
Certified Residential Appraiser
State
Washington
I just got a call from an AMC. I listened to her
speech for about 30 seconds until she said
appraisers get 55% of the fee for the first
10 appraisals......<CLICK>
 

PropertyEconomics

Elite Member
Joined
Jun 19, 2007
Professional Status
Certified General Appraiser
State
New Mexico
It's only a matter of time before we creep above $5 a gallon... and if the economist are correct, $7 might be possible by the end of summer. Although it hurts all of us, the AMC's are going to have bend. The skippy's can't afford to do the work for their current fees when the gas prices don't cover the bottom dollar when an appraisal is completed. Come on oil prices... keep rising!


Oil prices are over inflated and are hurting every aspect of the economy. Yes lets have them rise further so the WHOLE country doesnt recover. There will be no home sales as their will be no income for anything.
Time to go back to the economic books there Sheriff .... Look at Housing 1927 and the economy of 1929 ... there you will find your answers.
 

Tim Schneider

Member
Joined
Feb 8, 2007
Professional Status
Certified Residential Appraiser
State
Wisconsin
All this talk about gas prices. How much do you really have in fuel for each assignment? Almost all assignments I can drive to the subject and drive the comps in less than 100 miles. I get 17 mi/gal, so at $4 that is $23. So in the last couple years, the cost of fuel has gone up maybe $10-$15 per report. Pack a lunch instead of eating on the road and you have about broken even. If you are able to piggy back inspections in an area, or use comps you have already been to, the cost goes down.
 

PropertyEconomics

Elite Member
Joined
Jun 19, 2007
Professional Status
Certified General Appraiser
State
New Mexico
All this talk about gas prices. How much do you really have in fuel for each assignment? Almost all assignments I can drive to the subject and drive the comps in less than 100 miles. I get 17 mi/gal, so at $4 that is $23. So in the last couple years, the cost of fuel has gone up maybe $10-$15 per report. Pack a lunch instead of eating on the road and you have about broken even. If you are able to piggy back inspections in an area, or use comps you have already been to, the cost goes down.


You forgot the cost of the sandwich, the cost of electricity, and the cost of goods, and everything else that is increasing along with and as a result of Gas. A bit short sighted. Honestly.
 

Mztk1

Senior Member
Joined
Dec 3, 2006
Professional Status
Certified Residential Appraiser
State
Florida
I've taken to eating cat food on the road. The "Savory Ocean" is to die for...:icon_mrgreen:
 

Jim Hill

Member
Joined
Oct 13, 2003
Professional Status
Certified Residential Appraiser
State
Florida
Magic Number for diesel fuel is $5.50

A good friend of mine who works for one of the largest trucking companies in the USA told that his company has already told their employees that once the price of diesel fuel hits $5.50 they are going to shut down the business.

This is a trucking company that has between 1,500 and 2,000 trucks on the road all over the country.

This whole problem with fuel and it's high costs is about to get real interesting to see what happens next.

How many things in your home were never on a truck at one time or another going somewhere?

I really don't know how they do it now with 600 gallons of diesel fuel costing over $3,000 dollars to fill just one truck.

Once the truckers stop rolling I think Washington will have to figure out what to do next.

Jim Hill
 
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