The Decline of the Appraisal Industry: An Unsustainable Future

[J Grant]

And Starbucks baristas, hotel cleaners, ski patrol workers are?

Actually appraisers are in a better position than the above. We don't have to work just for AMCs. Direct lenders, estate appraisals, hard money.

On top of that, don't you think that if everybody hits the brakes, Nationwide, that people in the middle of buying a house or refinancing won't switch to a direct lender where they can get an appraisal?

Even if it's just for a few days, it would be light to what's going on (with AMCs) to the general public. It's going to take some sacrifice to make things better.

How come appraisers think so little of themselves?

The difference is that Starbucks and hotel cleaners may be unionized, and they are often employees of a major chain rather than independent contractors, like many appraisers. Thus, those workers can strike their employers and have collective bargaining power .

 

[glenn walker]

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