UAD 3.6

[timd354]

For the record, I apologize for accusing you of being deceptive. It is clear that you weren't (being deceptive). My apologies.

Thanks for the apology, we (including myself) are all guilty of getting caught up in the online BS and syaing things we probably should not.

 

[RCA]

Readers of appraisal reports actually understand that biggest lie repeatedly told in appraisals is that an adjsutment was deirved from a matched pair.....while not always a lie, it often is a lie....how do I know? I know becuase when I ask an appriaser to actually provide the matched pair, they often cannot do it. Aside from that, true matched pairs with only a single different vairable are pretty rare in the real world.

Well, it actually is a LITTLE bit more sophisticated than that. Let say you have two properties that are actually the same except for GLA, BATHROOM_COUNT, and LOT_SIZE.

If can find two other properties that are the same in all respects except for lot size, then I can get an adjustmnet for lot size to use to eliminate that difference between my two comps. Then if I can find two other properties that are only different in BATHROOM_COUNT, I can get an adjustment to eliminate the difference in BATHROOM_COUNT. Now I have only GLA left - and I can take the difference between my two adusted comp values to get the GLA adjustment.

The problem is, really, even that is usually not possible - at least not in the SF Bay Area. Furthermore, just as problematic, you are making these single adjustments usually on a sample size of 1 - which is not at all reliable with so many other factors at play, many of which are not really measurable.

So, it is BS, it is a fraud; although of course, the appraiser is being asked to come up with the most "probable" value - even if it is still highly unlikely to have any reasonable degree of accuracy. It may be rather useless, but if someone HAS to have a value for a forced transaction, then they are really just asking for the "most probable." As far as the lenders and GSEs are concerned, they just see it, in the end, as a problem to solve as best possible. Still, they apparently distinguish between pure nonsense, guessing and intelligent guessing.

 

[Non Sequitur]

This is where we are headed. Make no mistake about it, GSE work in the near future will need few appraisers, and for the most part only their signatures for plausible deniability.

 

[Alsie35]

 

[Alsie35]

A MEME FROM THE FUTURE...

 

[Alsie35]

 

[Tim Hicks (Texas)]

These last few posts are nearly mirror images of the response to UAD.

 

[Tim Hicks (Texas)]

Why does this thread increasingly remind me of a discussion about the best way to equip your horse drawn carriages, taking place in the year 1909 as Mr. Ford starts cranking out those new fangled horseless carriages in Detroit!.

Appraisers are the buggy whips of 1909.

 

[Tim Hicks (Texas)]

I definitely need this shirt:

 

[Alsie35]

These last few posts are nearly mirror images of the response to UAD.

What can I say? I'm a creative artist (who just happened to find appraising as a way to make $$$ the past quarter century ).

Making these memes is more fun than getting mad at something I have no say in.