Property data collector

[J Grant]

I did a rough break out counting the drive time, inspection time, which I heard is quite lengthy, admin time, and cost of gas deducted, and I came out with a range of $20-$25 an hour with an average of $22 an hour for PDR work. About the same as UBER and similar gigs, except they might make more if they get good cash tips and they have complete control over their hours and how much they want to work. Though PDR work has more of a professional patina to it so there is that, which is no small thing. But at the end of the day, it is low pay and comes with time pressure attached.

What kind of loser RE agent would want to earn so little doing PDR work? I imagine the turnover will be very high.

 

[alebrewer]

What forever, job?

Appraises had a forever job, and for no reason, other than profiteering, were replaced in part with this. It's sad that all these platitudes about adapting or riding a horse, etc, are empty talk when someone is facing a severe lack of income or having to retrain at age forty for another career - putting aside 2 years or 4 years plus the cost of education; how many can do that?

This is such a victim mentality - and helps no one. Technology has created - and destroyed - countless industries. Ours is no different. It won't be long before Doctors become glorified nurses. Robots can already do surgery better than doctors can - once the general public gains trust its all over for them. And their education and experience requirements were MUCH higher than yours. Does it suck? Of course it does. And it sucked for telephone operators, and it sucked for dock crane workers, and it sucks for doctors, and it sucks for appraisers.

The folks who will do well through this are the ones who: (1) adapt to the new technology and embrace the new normal appraiser role, (2) those who retire and take up something they really enjoy, and (3) those who make the move and transition into another profession. The folks who continue to complain that it's not fair, yet make no move, are the ones who will be most disappointed.

 

[J Grant]

This is such a victim mentality - and helps no one. Technology has created - and destroyed - countless industries. Ours is no different. It won't be long before Doctors become glorified nurses. Robots can already do surgery better than doctors can - once the general public gains trust its all over for them. And their education and experience requirements were MUCH higher than yours. Does it suck? Of course it does. And it sucked for telephone operators, and it sucked for dock crane workers, and it sucks for doctors, and it sucks for appraisers.

The folks who will do well through this are the ones who: (1) adapt to the new technology and embrace the new normal appraiser role, (2) those who retire and take up something they really enjoy, and (3) those who make the move and transition into another profession. The folks who continue to complain that it's not fair, yet make no move, are the ones who will be most disappointed.

It is not a victim mentality; it is reality.

You, along with the other cheerleaders, have no answer when one asks where the future jobs will come from. Yes, people will need to use AI and interact with it, but when one person can do the job of 20, what happens to the other 19 people?

As in any decade, the percentage of people at the top, highly trained engineers, etc, will be fine, but that is not the bulk of people out there. If societies choose to value humans and their worth more than efficiency, work will have a better chance of remaining. If not, then America, like the immigrants it hates, might see a lot of displaced people - worldwide, it is a calamity waiting to happen if people do not decide what they value and what ultra efficiency costs us.

Every time I read that platitude "adapt," it means that person has no answer.

 

[Mike Ault]

AI 'godfather' says universal basic income will be needed

Geoffrey Hinton, known as the godfather of AI, said the technology could leave many without jobs.

www.bbc.com

 

[Carnivore]

If your really wanting to complete PDR's you might as well be an actual home inspector Mo Money.

Minnesota does not require home inspectors to be licensed. However, home inspectors in Minnesota can become certified through a reputable training association.

 

[alebrewer]

You, along with the other cheerleaders, have no answer when one asks where the future jobs will come from. Yes, people will need to use AI and interact with it, but when one person can do the job of 20, what happens to the other 19 people?

Not sure why you ALWAYS have to use inconsiderate words, as I've offered no rah-rah for anything. I'm being realistic. Do you have answers for where future jobs will come from? Learn to trade stocks - I did. Learn to look at betas, PE ratios, EPS, learn when to buy and when to sell. I'm averaging about ~ 5-7% monthly returns over the past year because I chose to make a move. Learn to weld - I have a buddy (ex appraiser no less) who makes more now welding than he did as an appraiser. Learn to work on cars. There are MYRIAD opportunities out there to make money - but only if you actually DO something. If you're young - go to school to be a nurse - it's a 2 year program and starting pay is typically $75k+.

You seem to believe appraisers aren't capable of retooling - I believe they are. I believe appraisers - like anyone else in this great country - can do whatever they set their mind to. They already have a 4 year degree, so go teach. Doesn't matter. Just don't treat appraisers as if they have no other choice - they do.

 

[George Hatch]

It is not a victim mentality; it is reality.

You, along with the other cheerleaders, have no answer when one asks where the future jobs will come from. Yes, people will need to use AI and interact with it, but when one person can do the job of 20, what happens to the other 19 people?

I don't know why you keep asking the question because the answer to that question is completely irrelevant to how these trends will progress. It doesn't matter if those workers ever replace their employment or what compromises to their lifestyles it will take for them to retask. Water seeks its own level, investment capital seeks its optimum ROI and the principle of substitution always applies.

It is not the role of these technology users to be responsible for how many workers they put out of work. They are not morally obliged to step back in order to protect the employment prospects of these workers. When Elon laid off 75% of his workers their well-being was not his responsibility. Nobody owes them anything.

 

[Mike Ault]

I don't know why you keep asking the question because the answer to that question is completely irrelevant to how these trends will progress. It doesn't matter if those workers ever replace their employment or what compromises to their lifestyles it will take for them to retask. Water seeks its own level, investment capital seeks its optimum ROI and the principle of substitution always applies.

It is not the role of these technology users to be responsible for how many workers they put out of work. They are not morally obliged to step back in order to protect the employment prospects of these workers. When Elon laid off 75% of his workers their well-being was not his responsibility. Nobody owes them anything.

Entitlement theology is for takers. Not makers.

These "technology users" seeking to vertically integrate the entire mortgage process and place it under their complete control with internal valuations, internal auditors, and captive rating agencies are consolidating entirely too much power over the nations economy. That doesn't constitute an entitlement "taker/maker" issue. It's an economic safety and soundness issue, and we are being led down the wrong path by people who know exactly what they're doing.

 

[George Hatch]

The moral hazard is being created by the govt bailouts and lax enforcement of the existing rules and regs - those are driven by political interests, including public opinion. Everyone is afraid of what happens if TBTF Bank NTSA is allowed to fail as soon as it crosses that line into insolvency.

The political influence on the FHFA to apply pressure to the GSEs to expand their waiver LTVs is just one example of the mortgage side responding to external pressure from the politicians.
.

 

[Mike Ault]

The moral hazard is being created by the govt bailouts and lax enforcement of the existing rules and regs.

That's an essential part of vertical integration. I wonder how many politicians the financial sector actually has in their back pockets? And why we keep hearing repeated calls for "deregulation" from many of them. Hildabeast was the darling of Wall Street, and Biden was known as "Senator credit card". I'm not sure who owned Obama, I'm sure you can shed some light on that one. Of course we all know who owns 47.