local builders balk @mortgage appraisals

[Mike Boyd]

It was the appraiser's fault on the way up, it is the appraiser's fault on the way down.

Tongue in cheek? If not, please explain.

 

[Randolph Kinney]

Tongue in cheek? If not, please explain.

Yes it is. That was the implied conclusion of the up market and down market. Appraisers just pencil in the number and magic, the market changes direction.

You figure it out Mike.

 

[Terry Caldwell]

Cost does not equal value, it's really that simple. Maybe some classes in economics will help. Lee County is a disaster, in some areas we have a three year supply of homes for sale. Everyone in the real estate industry needs to understand the impact of supply and demand.