Virgina REAB and Portal Petition

[Head Surfer]

Since some of the recent posts have been personal attacks instead of discussing the topic I am closing this one. 151 pages is enough on this subject anyway!

Please do not resurrect this thread in a new topic.

 

[Michigan CG]

This thread is getting personal. Y'all need to stay on topic and leave the personal attacks out of your posts.

 

[Head Surfer]

Okay I have reopened this thread for discussion.

The first person who gets into personal attacks instead of discussing the issue will be banned from participating in it.

 

[Couch Potato]

comment removed due to being off topic and not necessary.

 

[Head Surfer]

The topic people, discuss the TOPIC only, which is:

Virgina REAB and Portal Petition

 

[Marcia Langley]

Actually, the stated issue appears to change as various claims are shown to be false. Only the unstated issue really driving the bus has remained constant.

Danny,

Actually, there has been more than one stated issue which have recurred in boring circles repeatedly in this thread. A thread such as this is sometimes hard to follow due to the multiple issues involved.

The way I read this thread there are two extreme camps. Extreme camp A wants to eliminate data mining. Extreme camp B wants to preserve datamining.

All the other camps (and there are more than one) are someplace in between.

The two extreme camps seem to feel that they have so much at stake riding on the outcome that they are indifferent to the other issues involved. Both camps seem to have very strong "other agendas."

When someone wants to remark on true copies they are asked what their "true" agenda is. Methinks the asker of that latter question is the one with a "true agenda."

We have all repeated our concerns enough times that there should not be any question where we all stand on the various issues. I know that I have just about exhausted the number of times I am willing to explain myself. We have now been reduced to remarking on each other's debating style and claiming "wins."

Just because someone feels that a given issue should be dismissed as not important is not the same thing as saying "claims are shown to be false."

I guess there is not much else to say about the specific issues.

 

[Marcia Langley]

Marcia, you are smarter than this...you know exactly what the "issue" is.

Kenneth,

I know you like to think that this is a single-issue thread so I guess we'll just have to disagree.

 

[woodyva]

[FONT='Verdana','sans-serif']Marcia:

I think that is what the majority of the people debating up here think the real issue is, but what is before the board is regarding USPAP compliance, FNMA guideline compliance, State REG compliance and public trust and other intertwining topics.

Data mining may be a real issue, but I cannot comment as to whether it is or is not happening as I have yet to see anything 100% showing that it is. All I can say about is that the atmosphere exists within most web portals to do that, but again conditions that favor it do not always mean that it is happening.

Even if it is happening, appraisers often forget that data is not an appraisal. Models can give accurate trending. Most especially when there is a stable market, or evenly appreciating/depreciating market. The problem with these things is that when the market begins to transition they are not accurate, and they have no ability to truly measure market reaction outside of black and white data. One other problem that they have, some appraisers have a problem with too, is that real estate markets are inefficient and marketability revolves squarely around human interaction/reaction, so it takes more than a programmed machine to value a property. Not a topic for this thread except that it is likely that others will carry on this fight after the board makes it decision, depending on which way they go.[/FONT]

 

[Marcia Langley]

Woody,

Datamining is clearly a hot button issue for many people. But it is an issue that falls outside appraisal issues. It relates to business decisions on the part of appraisers and clients and to business ethics regarding the honesty by which it is accomplished.

I tend to agree with George H. that soon clients will simply admit up front that they datamine and tell the appraisers they can either accept that as an assignment condition or decline the order.

I have never entered into the group discussions here about datamining but have read them with some interest.

But the activity at the last Virginia board meeting brought up issues that did in fact make me want to learn more about these systems. I'm glad I asked my questions and participated.

 

[woodyva]

Woody,

Datamining is clearly a hot button issue for many people. But it is an issue that falls outside appraisal issues. It relates to business decisions on the part of appraisers and clients and to business ethics regarding the honesty by which it is accomplished.

I tend to agree with George H. that soon clients will simply admit up front that they datamine and tell the appraisers they can either accept that as an assignment condition or decline the order.

I have never entered into the group discussions here about datamining but have read them with some interest.

But the activity at the last Virginia board meeting brought up issues that did in fact make me want to learn more about these systems. I'm glad I asked my questions and participated.

Hopefully, or I guess eventually we all are getting around to answering some questions. There is more to come so hopefully you and and everyone will stay informed as to what is going on. Go check out this link to hear a rather long, but somewhat informative panel discussion of appraisal data from last summer's a la mode convention. http://www.alamode.com/labs/projects/CompsXchange/default.aspx

The podcast is to the right side.