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Is Obsolesence Absolute or Relative?

An appraiser asked me a question, can you help them?

"If possible, if you have time, please try to explain for me, in layman's terms, how an entity such as ChatGPT can be familiar with the intimate details of esoteric issues like this. I became aware of the existence of AI very recently, amazed that ChatGPT is hand-walking me patiently through the process to address "Borland Database Exception Handling Errors" affecting every ACI report, for weeks, which ACI tech support has escalated to the ACI Development Team. Or like when ChatGPT tells me that "based on make, model, year, mileage, and symptoms," the parts store recommendation based on results of a diagnostic scan are not the right parts that I need. I'm not yet enamored of the concept to rely upon it to help resolve every unknown factor in life, although I can see how it might be tempting."

AI Response: "AI like ChatGPT gains familiarity with esoteric issues through training on enormous datasets scraped from the internet, books, forums, and other text sources, which include discussions on niche topics such as Borland database errors or automotive diagnostics. During training, the model learns patterns, associations between words, and sequences—like linking “make, model, year, mileage, symptoms” to specific part recommendations—by predicting the next word in billions of sentences repeatedly. This creates a vast web of statistical connections, allowing it to generate relevant responses without true human-like comprehension, much like autocomplete on steroids that draws from collective online knowledge.
Newer versions enhance this with “reasoning” capabilities, where the AI simulates step-by-step thinking by breaking problems into parts, testing approaches via trial-and-error (reinforcement learning), and refining based on rewards for correct outcomes, especially effective for technical fields like programming or math. For instance, it can troubleshoot ACI report errors by recalling similar patterns from developer forums or diagnose car parts by matching symptoms to documented cases across auto repair sites.
Appraisers benefit similarly; ChatGPT can suggest nondiscriminatory neighborhood analysis phrasing or UAD form tips drawn from public appraisal guidelines and discussions, but always verify outputs against USPAP standards, as AI lacks professional judgment. This training explains its patience in hand-walking through fixes that stump tech support—it’s recombining proven solutions from countless sources faster than humans search."
 
Are you saying the garage door is double hung or what? I've never heard the term applied to garage doors. I mean, side by side doors that open in opposing directions here are called carriage doors. We see some that are fake carriage doors as a decorative item. But they are conventional overhead doors. And I am seeing more roll up doors.

As for obsolescences, I don't see any style door as an inadequacy or super-adequacy. If it has no doors, that's an inadequacy... and must be accounted for in the cost approach and the sales approach alike.
 
How many years or decades to experience such a profound increase?
43 years, same house. Found exactly what I was looking for years ago, paid the price, and have stayed put. Well, maybe not exactly what we needed. When we had 2 kids, I added 800 SF to the original.


Does being aware of the deep financial security affect your general decision-making?
The house is a small part of my net worth. I've been in the stock market for 47 years and it has been good to me, much better than real estate. So yeah, in that way, I've always looked at opportunities in the " what's the worst that can happen" light. If the worst that can happen is I lose some money, WTH.

Does it positively affect your perspective about life in general?
I think that being financially independent definitely affects one's perspective; gives one the freedom to concentrate on other things rather than worrying about paying the bills or wondering if they'll ever be able to retire.

I'm curious because one sometimes wonders whether the lottery you mentioned would inevitably enhance the quality of one's life. But wow...
Not mine. Sure I'd spend some or a lot of it but quality of life, no. If you don't have a quality life now, money probably isn't going to change that.
 
Are you saying the garage door is double hung or what? I've never heard the term applied to garage doors. I mean, side by side doors that open in opposing directions here are called carriage doors. We see some that are fake carriage doors as a decorative item. But they are conventional overhead doors. And I am seeing more roll up doors.

As for obsolescences, I don't see any style door as an inadequacy or super-adequacy. If it has no doors, that's an inadequacy... and must be accounted for in the cost approach and the sales approach alike.
I used the term "double-hung" to describe the "pedestrian access/egress" doorway that isn't available because there is no penetration in the wall between garage and living area of the dwelling unit; and the obsolesence I asked about pertains to the absolute absence of "pedestrian access/egress" rather than to door design. [Coincidental that a recent AF thread address the best veriable to describe a garage door.]
 
obsolesence I asked about pertains to the absolute absence of "pedestrian access/egress"
So, there is no door whatsoever to the garage? I mean I have a side door to my DETACHED garage... Is a DETACHED garage obsolete compared to one that is ATTACHED?
 
Is a DETACHED garage obsolete compared to one that is ATTACHED?
my wife would argue yes - assuming, of course, there is interior passage between the home and garage.
 
So, there is no door whatsoever to the garage? I mean I have a side door to my DETACHED garage... Is a DETACHED garage obsolete compared to one that is ATTACHED?
OK. The garage is attached to the living area. One can drive into the garage using the garage door, or one can walk into the garage using the garage door, but there is no access into the garage other than via the garage door. [The attached/detached factor might be pertinent although beyond the Scope of this thread.]
 
If the Tesla catches fire, I only lose the garage, not the house.
OTOH don't forget the Tesla that imploded as a possible terrorist attack in the front entrance to a Las Vegas casino last year. The car was demolished with zero impact to the casino because of the car's integrity--almost like it was a publicity stunct for Tesla...
 
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