Racial Bias Claims Without Proof or Logic

[Mejappz]

Blaming Appraisers of Racial Bias Without Proof or Logic

The Appraisal Institute just sent a letter to The Appraisal Foundation to address things that have been floating out in the ether for nearly two years.

appraisersblogs.com

Link contains a hearing on the subject from the DC Swamp.

 

[jay trotta]

Interesting;
Real estate appraisers play an undisputedly important role in real estate development and financing central to taxpayer protection, safety and soundness of financial institutions and the protection of consumers.

Great support for appraisers to be 100% Independent of any outside influences ( reviews, unless appropriately supported)

 

[cstu11]

I think it's naive to think that there are not white appraisers who intentionally value the property of Black homeowners lower than they would white homeowners.

That said, I highly doubt it's as prevalent as Brookings claims.

The devaluation of assets in black neighborhoods

Owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

www.brookings.edu

 

[Terrel L. Shields]

I think it's naive to think that there are not white appraisers who intentionally value the property of Black homeowners lower than they would white homeowners.

I cannot imagine a circumstance where that exists. It would certainly have to be a lot more racist an area than north Arkansas...maybe somewhere like Boston or N. Louisiana...
I wonder if if the owners are a mixed race couple do they only decrease the value by half what they would if both were black? What about Hmong or Hispanics? Jay, Oklahoma is half native American, 10% Hispanic and 25% white....hmm. I wonder if the whites get discriminated against? And that cute little Hispanic chick that sends me all that work from one of my bank customers. I bet she gives the really easy jobs to someone else...

 

[glenn walker]

I will refrain because I am on Head Surfers -Penalty Box- Target and That is nor said in disrespect , I don't know what I can say in this situation and I do not want to be removed .

 

[TMG]

Last time I checked, appraisers appraised property, not people.

 

[Tom4value]

I think it's naive to think that there are not white appraisers who intentionally value the property of Black homeowners lower than they would white homeowners.

That said, I highly doubt it's as prevalent as Brookings claims.

The devaluation of assets in black neighborhoods

Owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses.

www.brookings.edu

Speak for yourself!
My fee is the same no matter what the race of the owner.

 

[ucbruin]

I will refrain because I am on Head Surfers -Penalty Box- Target and That is nor said in disrespect , I don't know what I can say in this situation and I do not want to be removed .

Big baby....
30 days fly by....

 

[glenn walker]

Big baby....
30 days fly by....

You had to poke me Payback is a !

 

[djd09]

maybe just maybe the original appraiser received a ROV and lowered their appraisal.

every detail of this lie should be exposed. they want to open doors but do not want you to see inside.

anyways, why is a personal property appraiser the chair of BOT?

oh never mind.