How Bikes Work: What Does This Have To Do With Appraisal?

[Deleted member 142783]

Well yes, you would have to watch video. But if you don't want to spend time watching I'll offer my summary:

1. If you want to turn your bike left or right, it turns out that you first have to turn it in the opposite direct to throw your balance in that turn direction, or you will tip over. Most people learn to do this when the "learn to ride a bike" - but are amazingly unaware that they are doing so (although it is just for a brief moment. This one guy in the video wanted to demostrate this by rigging up a bike sot that he could prevent that short turn in the opposite direction. And test riders were dumbfounded that they were falling over when they tried to turn in the indicated direction.

1a. Note this subtle unconcious maneuver, is beyond the awareness of most and goes undetected over 99% of individuals. It is probably only the few who venture to learn to ride unicycles (one wheel bicycles) that become aware of these laws related to the shift of gravity. They know because they consciously have to always pedal backward before attempting pedal forward.

2. We do see that poor appraisals, both residential and commercial, in particular over-valuations appear to have a larger than expected impact on the economy every 20 years or so, by leading to inflated house prices and the collapse of lending institutions and the larger economy. What this should emphasize is that these tolerated inacuraccies are defects in healthy contol and feedback mechanisms. This continual tendency towards over-valuations to satisfy sellers, loan officers and misguided buyers -> leads to the bike eventually tipping over.

3. The natural corrective maneuver would be to very carefully look at the price indications in the market place and reflect them accurately in appraisal reports.

Always at the service of the lazy dodos.

I have been a life long cycler. When I took my motorcycle written test the only question I failed was “how do you turn left” My incorrect answer was lean left and push right hand. correct answer was lean left and push left hand. Clearly I know how to turn left, I just never thought about what I was doing lol.

 

[RCA]

I have been a life long cycler. When I took my motorcycle written test the only question I failed was “how do you turn left” My incorrect answer was lean left and push right hand. correct answer was lean left and push left hand. Clearly I know how to turn left, I just never thought about what I was doing lol.

Counter-steering with a motorcycle at higher speeds is more pronounced than with a bicycle. If you are speeding around corners, at high speed, control is everything.

I have had various motorcycles over the past 58 years. First a Zundapp 100cc, then a BSA 650 in Germany, then a Yamaha 350 and then the last one - a BMW R1100 RT. The BMW was nice with a fairing, but when they increased penalties in California in 2000 to one point for speeding over 80mph and 2 points for speeding over 100mph, I knew I had to give it up. I couldn't resist passing cars and often driving over 120mph up Hwy 101. For example, once I got past Santa Rosa. It is just too damn easy to turn the throttle. If I had kept my motorcycle, the insurance rates would have skyrocketed.

Now, I'm getting too old to buy another motorcycle, especially when all I really want to buy is a (used) Suzuki Hayabusa and drive it as fast as I can - which if I were on the Autobahn in Germany, might very well happen. But, here in the US, I am pretty damn sure, I. would just kill myself. Especially in California with its heavy traffic. At 78, my reactions are too slow and I am too overconfident driving fast.

The most I might ever do is buy myself an ECVT bicycle to assist getting up steep hills with less effort, and hope I don't fall over on my head going downhill. But, I am sure it would be fun.

 

[BRCJR]

In Amsterdam, many many bikes. I had to watch out for them or else I might get run down.
It was odd seeing people of all ages especially some old geezards riding bikes.
Land was flat so easy to ride.
Around here more and more bike lanes are being made and mostly young people on them.
Problem is that there still more cars and it's dangerous to ride bicycles. I'm too old to die.

Did you visit the "Milky Way" while you were there?

 

[WestMichiganCG]

I just got back for a four day bicycle tour. We typically rode 80 miles a day.

 

[Essexfenwick]

Lenders need to have more skin in the game by holding greater financial liability for their decisions. One of my greatest disappointments of the 2008 financial meltdown was that none of the major lenders were forced to either recapitalized or economically euthanized with the parts sold off to well managed institutions. The opposite happened with the good players penalized by not being Ridley and the bad players rewarded with a bailout.

So, how to correct this? Good question. This is not my area of expertise but here’s a few thoughts. More liability for loans they make. Have management bonuses that don’t vest for 3-5 years with clawback provisions (to avoid what happened in 2005-2007 where bonuses were based for loan volume, not loan profitability). Require the lender be responsible for the first x% of loan losses for any reason when the loan is sold; hire an inept appraiser or shoddy AMC and the lenders eats that x%. In short, better alignment of public risk to lender performance.

The way to correct it is to remove government insurance and backstop to financial institutions. People of the past used to have knowledge of the banks management reputation before they deposited their paychecks. Mortgages used to have a meeting of the bank board before lending a large mortgage.

Government bailout system has zero reward for the public researching it's banking/borrowing or banking/lending having responsible management. The issue is that nobody wants actual accuracy or prudent practices in the finance world. The public wants bailouts to insulate it's slovenly, lazy sap sucking nest and finance pros want the sloppy and somewhat stinky grift. Any pencil necked goofball that insists on financial accuracy/prudence is steamrolled at light speed.

Appraisal is a legacy practice still left over from the days before government financial backstop. It's totally a dinosaur the purpose of which was headfaking some level of prudence in a money printer goes brrr...financial institution griftfest world. It's mind blowing that it lasted so long. AI gives a faster, cheaper, more respected (but easier to manipulate), and less weird (admit it..appraisal is populated by a gaggle of weirdos) highway to griftland.

The best way to destroy AI appraisals is to allow the system to be accurate. Believe me that is NOT what AI will be requested to do. It would be hilarious if AI went rogue and provided real estate values accurately with no fudging. Hello the return of legacy URAR.

 

[ZZGAMAZZ]

Counter-steering with a motorcycle at higher speeds is more pronounced than with a bicycle. If you are speeding around corners, at high speed, control is everything.

I have had various motorcycles over the past 58 years. First a Zundapp 100cc, then a BSA 650 in Germany, then a Yamaha 350 and then the last one - a BMW R1100 RT. The BMW was nice with a fairing, but when they increased penalties in California in 2000 to one point for speeding over 80mph and 2 points for speeding over 100mph, I knew I had to give it up. I couldn't resist passing cars and often driving over 120mph up Hwy 101. For example, once I got past Santa Rosa. It is just too damn easy to turn the throttle. If I had kept my motorcycle, the insurance rates would have skyrocketed.

Now, I'm getting too old to buy another motorcycle, especially when all I really want to buy is a (used) Suzuki Hayabusa and drive it as fast as I can - which if I were on the Autobahn in Germany, might very well happen. But, here in the US, I am pretty damn sure, I. would just kill myself. Especially in California with its heavy traffic. At 78, my reactions are too slow and I am too overconfident driving fast.

The most I might ever do is buy myself an ECVT bicycle to assist getting up steep hills with less effort, and hope I don't fall over on my head going downhill. But, I am sure it would be fun.

bout a decade or two ago my mom's BF [[who coincidently was a bank appraiser in a small town in WV]] went down on his Harley, at 80 years of age. Not a scratch!!!!