Is AI too honest for appraisal work?

[glenn walker]

There

Been about 15 years since I've travelled down the I5 corridor. Even then, Portland was sketchy. Salem and Eugene felt pretty safe as I recall.

There safe just many stoned and seems everyone is sick or disabled or they just are whiny butts. It's a whole different world with mostly pasty white liberals and lots of homeless outside Portland. I'm starting to think constant rain and little sun no vitamin D and lots of depression and alcohol and drug abuse.

Similar to much of Washington State beautiful but long dark rainy winters makes many folks drink more or smoke pot.

 

[Carnivore]

This AI is a Fascinating topic. . I imagine AI will figure out how to produce electricity using Nuclear Fusion instead of Fission. AI data centers will need a lot of energy.

Which brings me to the much larger issue. We already have an energy deficit. So you as an appraiser may have to wait in line. The big data centers are being built now. electricians are in short supply and they are making $250,000 per year now . wiring those data Centers along with all the other wiring that is needed now.

 

[RCA]

I looked at one AI appraisal demo that used crime map data to estimate value, gasp!

It shouldn't surprise anyone that there is a correlation between high crime and low market value. For an objective analysis, you should consider all factors except those related to "types" of inhabitants, because that then discriminates against all individuals of that type, regardless of where they live or any other factors. I think the message in this post - shared by some politicians and liberals - is that if there is a correlation between anything and race, then that "anything" should not be considered in valuations. That is a fallacious assumption because race correlates with various factors that are considered legitimate decision-making factors for credit: income, credit rating, criminal background, etc. Despite averages and correlations for groups of any kind, applying such stats to individuals, who always belong to some group, is unfair.

Now, the politicians may decide that using criminal indexes for appraisal is unfair because it so heavily discriminates against certain groups. That's for the voters to deal with. And in any case, this is really a kind of discrimination against the market value of homes in certain neighborhoods, - and if an owner doesn't like it, they can move to another neighborhood.

 

[Non Sequitur]

New exposure draft proposing a new AO addressing the use of "advanced computer technology" in appraisal or appraisal review.

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