Extraction Method

[alebrewer]

Agreed...there are a lot of steps to do it properly. That said, it's doable. Many of your peers do it routinely...it gets easier the more you invest in it.
So if you agree with what you stated above...what is your supported professional reason for not completing it? Because you believe the form says you can skip it??
And then as an instructor you shout that from the mountaintop to a class...as the authoritative USPAP instructor? Interesting to say the least...

I prefer not to project my opinion of what someone else may or may not be doing, but since you have:

My supported professional reason for not completing the cost approach is because I do not think that it is necessary for credible results - something I'd hope you'd not take issue with, but if you do, it in no way affects my opinion.

Where did you get that I believe the form says I can skip it? I've never said that. What I said is that Cert 4 states that I have developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value.

As an instructor, I certainly would offer my opinion in a classroom environment, but would also welcome - and not judge - those with differing opinions.

And I don't think I've EVER, nor will I EVER, state(d) that I am an 'authoritative' USPAP instructor. Aside from being a poor choice of words (as authoritative can also mean 'commanding'), I'd certainly not consider myself an authority on USPAP. I am, however, an AQB Certified USPAP instructor.

 

[nstanbru]

Notice that 'property' is singular...

Because one is only extracting the land value from one property at a time. No where in the texts does it say you only need to this once. All other follow up text references with respect to this method (or any SCA methods) uses the term "sales". Notice that "sales" is plural.

 

[alebrewer]

Because one is only extracting the land value from one property at a time. No where in the texts does it say you only need to this once. All other follow up text references with respect to this method (or any SCA methods) uses the term "sales". Notice that "sales" is plural.

Actually, it doesn't (at least when describing, and offering an example of, extraction) - if we're talking about The Appraisal of Real Estate. Someone else, earlier in the thread, accurately pointed out, though, that the example and discussion of extraction in Appraising Residential Properties DOES use multiple 'sales'. The idea that the text may infer that you're only doing one 'sale' or 'property' at a time, though, is a fair interpretation, and one I'd not take issue with. Only that The Appraisal of Real Estate never uses multiple sales in either the discussion of, or example of, extraction.

 

[djd09]

cost does not equal value. this has been proven over and over throughout history.

in one hand USPAP says an appraiser must not communicate assignment results that are misleading but

in the other says you can develop misleading assignment results and give no weight to them. FAQ 302. Go figure.

 

[Zephyr999]

I prefer not to project my opinion of what someone else may or may not be doing, but since you have:

My supported professional reason for not completing the cost approach is because I do not think that it is necessary for credible results - something I'd hope you'd not take issue with, but if you do, it in no way affects my opinion.

Where did you get that I believe the form says I can skip it? I've never said that. What I said is that Cert 4 states that I have developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value.

As an instructor, I certainly would offer my opinion in a classroom environment, but would also welcome - and not judge - those with differing opinions.

And I don't think I've EVER, nor will I EVER, state(d) that I am an 'authoritative' USPAP instructor. Aside from being a poor choice of words (as authoritative can also mean 'commanding'), I'd certainly not consider myself an authority on USPAP. I am, however, an AQB Certified USPAP instructor.

IMO, when acting as instructor it would seem logical most would view that person as authoritative and knowledgeable...held to a higher standard even. Everyone is entitled to their opinion being it right or wrong...selling bad koolaid as the instructor crosses my idea of teaching.
Many here have suggested your outlook is a bit off target...you can continue to punch holes in the dialect but in the end you remain off target. Going back to the 'being coachable' mentality...you're swimming against the tide.

 

[Zephyr999]

cost does not equal value. this has been proven over and over throughout history.

in one hand USPAP says an appraiser must not communicate assignment results that are misleading but

in the other says you can develop misleading assignment results and give no weight to them. FAQ 302. Go figure.

Wrong koolaid stand...all approaches have value...the data defines how supported the results are. But if you're not akin to running the processes how can you determine the relevance as misleading in the end? Show me the math...that led to that conclusion.

 

[CANative]

FWIW... I apologize to alebrewer for my comment yesterday regarding "self respecting."

I wasn't really thinking of you specifically when I wrote that. It was just sort of a generalization.

I hope we can move forward again.

 

[alebrewer]

IMO, when acting as instructor it would seem logical most would view that person as authoritative and knowledgeable...held to a higher standard even. Everyone is entitled to their opinion being it right or wrong...selling bad koolaid as the instructor crosses my idea of teaching.
Many here have suggested your outlook is a bit off target...you can continue to punch holes in the dialect but in the end you remain off target. Going back to the 'being coachable' mentality...you're swimming against the tide.

IMO, there's nothing wrong with swimming against the tide - more especially when you think the tide is going the wrong direction. And you state that I am 'off target' as if it's a statement of fact, which it's not - it's your opinion that I'm off target, and I in no way would want to dissuade you from your opinion. Actually I could care less what your opinion of me is.

Regarding your comment about an instructor being held to a higher standard, I'd agree. That's why, when presenting, I offer my 'opinions' as just that - my opinion(s). It has been my experience that, if we are not challenged by those we disagree with, we're never forced to consider, to reason, and to defend, that which we believe to be true. I would hope that I"m coachable, as I've found myself to be in the wrong MANY times. This, however, is not one of those times.

 

[alebrewer]

FWIW... I apologize to alebrewer for my comment yesterday regarding "self respecting."

I wasn't really thinking of you specifically when I wrote that. It was just sort of a generalization.

I hope we can move forward again.

Sincerely appreciated, sir! Forgotten already.

 

[djd09]

FWIW... I apologize to alebrewer for my comment yesterday regarding "self respecting."

I wasn't really thinking of you specifically when I wrote that. It was just sort of a generalization.

I hope we can move forward again.