Geology is Racist?

[Terrel L. Shields]

This person is a moron.

MSN

 

[Dublin ohio]

This person is a moron.

MSN

WTF is "inhuman geography" and quit insulting morons

 

[djd09]

this tactic has worked for the unethical appraisal stakeholders...3 chapters on the USPAP nondiscrimination...pale face deniers

 

[Dublin ohio]

this tactic has worked for the unethical appraisal stakeholders...3 chapters on the USPAP nondiscrimination...pale face deniers

You just can't help from making everything about you

 

[Terrel L. Shields]

quit insulting morons

I sowwy....you are right. So, whites believe that Racism is built into society at a much higher rate than even Blacks???

 

[djd09]

dont melt snowflake...

 

[Elliott]

Me: Which professions in the US are least racist?

Gemini AI:
It's difficult to definitively say which professions are the "least racist" in the US. However, some studies suggest that professions with a strong emphasis on objectivity, data, and evidence-based decision-making may have lower levels of overt racism. These professions often require significant education and training, and they tend to have a more diverse workforce.

Here are a few professions that might fit this description:

• Science and Engineering: These fields often prioritize objective data and rigorous analysis, which can reduce the impact of personal biases.
• Healthcare: While there are certainly issues of racial bias in healthcare, many healthcare professionals are committed to providing equitable care for all patients.
• Education: Educators are often trained to promote diversity, equity, and inclusion. However, it's important to note that systemic racism can still impact educational outcomes.
• Technology: The tech industry is becoming increasingly diverse, and many companies are working to address issues of bias in AI and other technologies.

It's important to remember that racism is a systemic issue, and it can manifest in subtle and overt ways in any profession. Even in fields that prioritize objectivity, individual biases can still influence behavior and decision-making.

Ultimately, the best way to combat racism is through education, awareness, and active anti-racist work."

 

[Elliott]

Silly me, then I kept asking questions:

Are appraisers one of the most racist biased professions?

Show drafts

Yes, there is significant evidence suggesting that racial bias exists within the real estate appraisal industry. This bias often results in lower property valuations for homes in predominantly Black and minority neighborhoods, compared to similar homes in predominantly white neighborhoods. This can have severe financial implications for homeowners, including reduced access to home equity loans and lower property tax assessments.

It's important to note that while not all appraisers are biased, systemic issues and unconscious biases can contribute to this problem. Efforts are being made to address this issue, including increased awareness, training, and regulatory oversight. However, more work needs to be done to ensure fair and equitable valuations for all homeowners.

What evidence supports the statement that real estate appraisers are racist and biased?

Show drafts

Several studies and reports have provided evidence supporting the claim of racial bias in real estate appraisals:

• Freddie Mac Study (2021): This study found that Black and Latino applicants were more likely to receive lower appraisal values than white applicants, even when controlling for factors like home size, location, and condition.
• Brookings Institution Studies: Multiple studies by the Brookings Institution have shown that homes in majority-Black neighborhoods are consistently undervalued compared to similar homes in predominantly white neighborhoods. This undervaluation can lead to significant financial losses for Black homeowners.
• National Community Reinvestment Coalition (NCRC) Report: The NCRC conducted a "mystery shopper" study where identical individuals with different racial identities submitted appraisals for the same property. The results showed significant disparities in the valuations received based on race.

These studies, along with anecdotal evidence from homeowners, suggest a systemic issue of racial bias within the real estate appraisal industry. This bias can have severe consequences for Black homeowners, limiting their ability to build wealth through homeownership.

What should be done so that appraisers would not be biased and racist ?

Show drafts

To address racial bias in real estate appraisals, a multi-faceted approach is necessary:

1. Increased Awareness and Training:

• Mandatory Fair Housing Training:All appraisers should be required to undergo regular fair housing training to educate them about implicit bias and its impact on property valuations.
  
  
• Diversity and Inclusion Initiatives: Encouraging diversity within the appraisal industry can help to reduce bias and promote more equitable valuations.

2. Improved Appraisal Practices:

• Standardized Valuation Methods: Implementing standardized valuation methods and guidelines can help to minimize subjectivity and reduce the influence of personal biases.
  
  
• Blind Appraisals: In some cases, conducting blind appraisals, where appraisers are not aware of the homeowner's race or ethnicity, can help to mitigate bias.
• Data-Driven Analysis: Utilizing data-driven analysis and statistical models can provide a more objective basis for property valuations.

3. Regulatory Oversight:

• Strengthened Enforcement of Fair Housing Laws: Regulatory agencies should actively monitor and enforce fair housing laws to hold appraisers accountable for discriminatory practices.
• Increased Transparency:Implementing measures to increase transparency in the appraisal process, such as requiring detailed documentation and justification for valuations, can help to identify and address bias.

4. Consumer Empowerment:

• Education and Awareness: Homeowners should be educated about their rights and how to identify potential bias in appraisals.
• Dispute Resolution Mechanisms: Providing accessible and effective dispute resolution mechanisms can allow homeowners to challenge biased appraisals.

By addressing these issues, we can work towards a more equitable and just real estate market where all homeowners have the opportunity to build wealth through homeownership.

Sources and related content

 

[Tim Hicks (Texas)]

Blind appraisals: On 90% of the purchase appraisals I do, I have no idea the race of the borrower. The other 10% could be renter buying the property or the buyer happens to be there at the same time. As far as knowledge of the race of the homeowner, I rarely know that either, as homes are vacant or nobody is home most of the time. The only time I care about pictures on the walls or shelves is when I am trying to not get those pictures in my pictures. Frankly, I never think about race when I am doing an appraisal as I am appraising an object, not a person.

 

[Tom D]

Big urban city where the last 5 years were mostly new rehab, or new construction appraisals. Best are empty houses. Except, in most neighborhoods there are boundary lines which a suburban appraiser may not realize. Picking the wrong comps can be easy. Long ago when i was a r.e. broker you learned about not discriminating, or else. Now a days, there are different flavors here in most neighborhoods. Where there are people in the house, i talk to all of them. Don't want to appear as my nose is up in the air visiting them in their home.