I am a machine, or soon to be.

[Fernando]

There was a story on a local Portland evening news station yesterday of a Black woman complaining about renting in a newer, rent assisted apartment. She was blaming management of the building about not being informed before she signed the lease agreement that there was open drug use and prostitution in front of the building. Had she known, she would have never wanted to move into the property. She was mad, because now she is stuck and doesn't feel safe.

So is there a duty for anyone to correctly describe the adverse influences on a property?

The tenant had forewarned management of her safety. It's on the evening news.
Management has to make effort to stop the criminality in front of the building. If something bad happens to her, she will sue and management will had wished they let her out of her lease earlier.

 

[glenn walker]

Full steam ahead with "waivers "

 

[Surf Cat]

So is there a duty for anyone to correctly describe the adverse influences on a property?

No.....not anymore. You might use banned words in your description anyway.

According to PAVE, this apartment building (with prostitution and drug use, and dealing going on) should be valued the same as an apartment building in a (should I say it? Ahhh screw it) more desirable location with higher rated schools, and higher median sales prices. Which leads to higher rents....

Appraisers are being made to be the scapegoats for the wealth gap when there's a plethora of issues way beyond our control that need to be dealt with. We just mirror the market.

It's a two way street....the citizens of the minority neighborhoods are going to have to work to revitalize and make their neighborhoods economic sound and a safe place (the lady's description, not mine) to live. You can't be looking to the government to do all the work.

 

[Fernando]

No.....not anymore. You might use banned words in your description anyway.

According to PAVE, this apartment building (with prostitution and drug use, and dealing going on) should be valued the same as an apartment building in a (should I say it? Ahhh screw it) more desirable location with higher rated schools, and higher median sales prices. Which leads to higher rents....

That's misleading in using comps in different neighborhoods. When I see other appraiser's report, I disapprove of appraisers getting comps from different neighborhoods. Choosing appropriate similar comps in same neighborhood is most important in getting correct appraisal value.

Appraisers are being made to be the scapegoats for the wealth gap when there's a plethora of issues way beyond our control that need to be dealt with. We just mirror the market.

It's a two way street....the citizens of the minority neighborhoods are going to have to work to revitalize and make their neighborhoods economic sound and a safe place (the lady's description, not mine) to live. You can't be looking to the government to do all the work.

Unfortunately, the "bad" parts of town are neglected by the local governments. You should see that in upkeep of different income neighborhoods in same town.

 

[Terrel L. Shields]

affordable

bad word

Choosing appropriate similar comps in same neighborhood is most important in getting correct appraisal value.

No - choosing comps in the same Market niche - be it nearby or down the road - the actual "neighborhood" is irrelevant in the real world.

 

[Fernando]

bad word

I see you caught that. Affordable homes now mean low income homes.
Personally all FHA homes supported by government agencies are "affordable" for the borrower. I need to keep that bias away when I do FHA appraisals.

No - choosing comps in the same Market niche - be it nearby or down the road - the actual "neighborhood" is irrelevant in the real world.

No, comps in same neighborhood are most important. If on border, comps immediately nearby can be considered.

 

[Overimprovement]

You can't be looking to the government to do all the work.

Government created many of these problems to begin with in the middle 20th century with their mass people movement agendas, ignoring the fact that you cannot legislate tolerance and human emotions. We are now well into the 3rd generation of these issues, and there are no simple solutions. Simply saying house X is worth the same as house Y just ain't gonna do it, not when all the factors appraisers aren't allowed to discuss are factored in. Fix THOSE factors, and the values will start approaching each other. But the main issues are FAR from real estate value issues. They are much deeper and ingrained.

The solutions to these problems are better education, for everyone to make their own money, take ownership of the assets they use, and quit the death spiral of government dependance. And MORE police protection, not less. And build more jails if you have to. Ahhh, but that won't win votes for anyone, so it will never be discussed.

 

[shrubberyvaluation]

It would be nice if they could tell us what we can or should say to convey conditions in a given neighborhood rather than what they prohibit. How are you supposed to describe negative conditions? 'Minimally appointed bungalow displays extensive deferred maintenance and is typical for the housing stock in the neighborhood? Can you say typical because typical is synoymous with 'average'?

You can't say anything negative comrade.

 

[Charles West]

You can't say anything negative comrade.

Glad my rear end is in the retired zone.

 

[Airstream]

I got my first “verbiage“ stip. I use the phrase “good access“ and “older homes” and they said that is “biased.” So I’m just going to put in age numbers and distance to stores, etc. But if that is the case then I guess we shouldn’t rate anything. I am writing up my last appraisal tomorrow. I’m 68 and can retire comfortably. My E&O is coming due in early September, and I have decided that paying all the dues, etc just doesn’t make sense. The amount of work just becomes less and less, and if I have to put up with ridiculous woke stipulations I don’t need the aggravation.