Is AI too honest for appraisal work?

[alebrewer]

I have no idea. The post was partisan from the get-go as the majority of his posts are, the vast majority of which are complaining, even at this late date, about bias.

And so, when he makes a post that isn't political - just posting statistics - instead of being grateful that he made an apolitical post, you still go off. I've found that the world tends to be less 'against you' when you're less 'against the world'. Try it. You're welcome.

 

[djd09]

, after it has been long established that for residential mortgage lending, appraisers are not supposed to reference crime stats

there is no law that appraisers cannot talk about crimes and such...

 

[George Hatch]

There's no law saying appraisers can't use anti-feminism or anti-masculinity speech, either. But that doesn't mean that work is marketable to a lender or usable by a lender. Or consistent with our ethics.

You know your client has exposure to claims of discrimination both both in terms of their regulators and civil liability - which BTW will get extended to the appraiser as an individual if/when there's a complaint. You're trying to sell your professional competency and integrity and you're trying to sell the credibility for your report. You are incapable of isolating the effect on value of this one attribute (crime) to the exclusion of all other location-related factors (like income or services or even schools) - which together and in the aggregate effect the value and marketability.

So where's the upside to you as an appraiser? You get to walk tall and wear your pants low like a rapper? How much does that pay when its part of an appraisal report?

The crime info literally has no utility to your valuation because you can't do anything with it (by itself) in your analysis. You can't pin $100 on crime and $85 on the school and $12 on the condition of the infrastucture and $1.95 on the proximity to a certain religious or civic use and $4.50 on proximity to the firehouse. There are multiple factors in play. Not just crime.

Miss America didn't win that beauty contest because she said "World Peace". She won because of the entire combination she presented.

 

[J Grant]

Miss America didn't win that beauty contest because she said "World Peace". She won because of the entire combination she presented.

Miss America wouldn't win either if in her acceptance speech, she mouthed off about how cheap Jews are or how gross fat people are. ( even if the thinks that )]

People in a professional or public realm are judged differently than at home with friends or family, where they ( or we ) can act as jerky, prejudiced or crude as we want. Though these days with social media, employers or others can monitor posts, which is kind of creepy.

There are people whose career or reputation has been ruined by something they said, or wrote or otherwise communicated - whether that is fair or not.

 

[George Hatch]

Acting with bad faith WRT the legitimate interests of a client is an indefensible position. Even if the client is impure or is acting in bad faith.

 

[djd09]

Cleveland Gangs​

Map and Tour of Cleveland Hoods​

In one of the largest cities of Ohio and the Midwest, presents a map of the streets within the Cleveland hoods. A full break down of East Side sections like Down The Way and Up The Way, the West Side and the suburbs known as the Heights.

There are two maps below that highlight the streets of Cleveland. The first, the original map, showcases the neighborhoods throughout the city. The second gives a more in depth look inside Cleveland gangs, from Bloods and Gangster Disciples to homegrown gangs like the Heartless Felons.

Map of Cleveland Gangs (Full Tour of Cleveland Hoods)

Full Tour of Cleveland Hoods with a Map of Cleveland Gangs in Hough, Kinsman, Down The Way, St. Clair, East Cleveland, West Side, and more.

www.kulturevulturez.com

before the banksters kick me out of cleveland...one could attest to all the ms 13 graffiti...buyer beware

 

[djd09]

The Impact of Crime Rates on Property Value​

February 20, 2025

Real-Life Examples of Crime Rates and Property Values in California​

California is a large state with many different cities, each with its own crime rates. For instance, cities like San Francisco and Los Angeles have neighborhoods where crime rates are higher compared to quieter suburbs or smaller towns. When comparing property values, homes in safer neighborhoods typically sell for much more than those in areas with high crime.

For example, in San Francisco, neighborhoods like the Tenderloin have higher crime rates, which can affect property values. On the other hand, areas like Pacific Heights, known for being safe and upscale, have much higher property values. People are often willing to pay more to live in neighborhoods where they feel safe.

Interestingly, some cities in California that have worked hard to reduce crime rates have seen their property values rise. This shows that when communities focus on improving safety and reducing crime, they can create a better living environment, which often leads to higher home prices.

Cities like San Diego have implemented community programs and increased police presence in certain areas to help lower crime rates. As a result, neighborhoods that were once unsafe have seen property values increase as more families choose to move there.

The Impact of Crime Rates on Property Value

The Impact of Crime Rates on Property Value reveals how neighborhood safety affects home prices, influencing buyer choices and community well-being in California.

tyler-stewart.com

well duh...this is like appraisal 101

 

[Fernando]

When I started appraising, it was known not to indicate crime in neighborhoods in the report.
It's possible to put stats but good appraisers know not to step into that minefield and just avoid discussing crime. Be Woke.

 

[George Hatch]

Just this morning I inspected a multi-family in the middle of a Crips neighborhood. 50,000 people live in that zip and most of them are good people. They need appraisers to act professionally when providing services related to their properties. Even the folks who have a cousin who rolls with the Eight Tray Crips.

As for your article, nobody is denying that crime is of effect on values. That's a strawman of your own construct. But crime rates are not the only factor and it may be that they aren't the most significant factor.

All of which you render irrelevant when you select your comps based on their similar location. In fact, selecting for the same location is exactly what the critics are complaining about - they think I should be taking comps for my So Central subject from Culver City and Pasadena.

 

[J Grant]

If we use comps from the same neighborhood, the crime stats or school district if baked into the prices. Therefore no need to mention them.