Wells Fargo Appraisal Discrimination Case

[Sadie]

The way to resolve this issure is to get people to start paying more for houses in those neighborhoods. Easy, problem solved!

 

[RCA]

The Most Significant Appraisal Discrimination Case Doesn’t Name an Appraiser as a Defendant – Valuation Legal Resources

Another great article by Mr. Christensen.

"Key allegation pertaining to appraisals:

Wells Fargo knowingly incorporates, without adjustment, appraisals that have been shaped by years of race-based valuation standards or appraisals affected by race-based criteria. Homes in majority Black neighborhoods are worth an average of 23% less than homes in neighborhoods with “very few or no Black residents” and of similar home quality. (Citing Dr. Andre Perry’s research at Brookings “The Devaluation of Assets in Black Neighborhoods.”)."

"An early takeaway for all lenders, appraisers and management companies is to appreciate a need to complete fair housing training. It’s important to fully understand and be able to apply fair housing laws, and, moreover, it just plain helps persuade regulators and courts that you’re doing things right. The issue of fair housing training has come up in every appraisal discrimination investigation that I’ve handled."

Black Neighorhoods WILL be lower valued because generally, they are at a lower elevation and subject to more flood and drainage problems, as well as increased pollution!!

These people KEEP overlooking this issue:

====== From Bard.google.com: =======

ME: Are black neighborhoods generally at a lower average elevation than non-black neighborhoods?​

Bard: "Yes, black neighborhoods are generally at a lower average elevation than non-black neighborhoods in the United States. This is due to a number of factors, including historical redlining practices, discriminatory lending practices, and environmental racism.

Redlining is the practice of denying or restricting financial services to certain neighborhoods, based on factors such as race or ethnicity. This practice was widespread in the United States during the 20th century, and it had a devastating impact on black communities. Redlined neighborhoods were often denied access to mortgages, home improvement loans, and other forms of credit. This made it difficult for black families to buy homes, and it also led to lower property values in these neighborhoods.

Discriminatory lending practices are another factor that has contributed to the lower elevation of black neighborhoods. These practices involve lending money at higher interest rates or requiring larger down payments to borrowers from minority groups. This makes it more difficult for black families to afford homes, and it also contributes to lower property values in black neighborhoods.

Environmental racism is the practice of disproportionately exposing minority communities to environmental hazards. This can include locating polluting industries or waste dumps in minority neighborhoods, or failing to provide adequate environmental protection to these communities. Environmental racism has had a significant impact on the health and well-being of black communities, and it has also contributed to the lower elevation of these neighborhoods.

The lower elevation of black neighborhoods can have a number of negative consequences. It can make these neighborhoods more vulnerable to flooding and other natural disasters. It can also make it more difficult for residents to access essential services, such as fire and emergency medical services. Additionally, the lower property values in black neighborhoods can make it more difficult for residents to build wealth and achieve financial security.

There are a number of things that can be done to address the issue of the lower elevation of black neighborhoods. These include:

• Reversing the effects of redlining and discriminatory lending practices.
• Investing in environmental remediation in black neighborhoods.
• Providing affordable housing options in black neighborhoods.
• Increasing access to essential services in black neighborhoods.
• Raising awareness of the issue of environmental racism.

By taking these steps, we can help to ensure that all neighborhoods have the same opportunities for success."
ALSO:
Me: Is there also more pollution in these black neighborhoods?

Bard: "Yes, there is often more pollution in black neighborhoods than in non-black neighborhoods. This is due to a number of factors, including:

• The location of polluting industries and waste dumps. These are often located in minority neighborhoods, as a result of environmental racism.
• The lack of environmental protection in minority neighborhoods. Minority neighborhoods are often less likely to have clean air and water standards, and they are also less likely to have access to green spaces.
• The transportation choices available to residents. Residents of minority neighborhoods are more likely to rely on public transportation or walking, which exposes them to more air pollution.
• The socioeconomic status of residents. Residents of minority neighborhoods are more likely to live in poverty, which can lead to poor health and environmental conditions.

The increased pollution in black neighborhoods can have a number of negative health consequences, including:

• Increased risk of respiratory problems, such as asthma and bronchitis.
• Increased risk of heart disease and stroke.
• Increased risk of cancer.
• Increased risk of premature death.

There are a number of things that can be done to address the issue of pollution in black neighborhoods. These include:

• Investing in environmental remediation in minority neighborhoods.
• Reducing emissions from polluting industries.
• Improving air quality standards in minority neighborhoods.
• Providing more green spaces in minority neighborhoods.
• Promoting public transportation and walking in minority neighborhoods.
• Addressing the socioeconomic conditions in minority neighborhoods.

By taking these steps, we can help to reduce the pollution burden in black neighborhoods and improve the health of residents."

 

[Elliott]

I don't have black neighborhoods in my market. But there is a neighborhood which is 'below sea level,' diked, and in a AE-100 FEMA flood zone. Guess what, it has the lowest cost homes in the county. Are the residents entitled to higher values?

 

[RCA]

I don't have black neighborhoods in my market. But there is a neighborhood which is 'below sea level,' diked, and in a AE-100 FEMA flood zone. Guess what, it has the lowest cost homes in the county. Are the residents entitled to higher values?

The appraiser's job it to "measure" the value of property, not rectify past social injustices - or even current ones. In this case, the Blacks surely feel that there should be some indemnification forced on property owners, tax payers and voters, WHETHER THEY LIKE IT OR NOT for having "their" neighborhoods developed in the past on lower valued land. But I - and others - will argue that this is in itself pure racism. The Blacks are free to move and live where they want. If they are making good income, they are free to live in the best neighborhoods. Only, it is a problem, - if they insist on living in racially pure black neighborhoods. And yes, many Blacks prefer the company of Blacks over other races, which is their right.

But they need to stop the BS with appraisers.

 

[djd09]

Two Doctors File Lawsuit Challenging California Law Requiring ‘Implicit Bias’ Training in Medical Education​

‘Implicit bias is another effort to inject divisiveness into the way that Americans interact with each other’


By Evan Gahr, August 24, 2023 2:43 pm


Two California doctors are challenging a state law that requires them to call the doctors they teach racists.

In 2019, California passed Assembly Bill 241 by then-Assemblywoman Sydney Kamlager-Dove (D-Los Angeles), requiring that starting in 2022 teachers of continuing medical education for doctors would include “implicit bias” training–namely telling doctors they are bigoted whether they realize it or not. Kamlager-Dove is now serving as the U.S. representative for California’s 37th congressional district.

In other words bias is asserted but not proved. There are some crimes so serious that innocence is no defense.

All courses are required to tell doctors “how implicit bias affects perceptions and treatment decisions of physicians and surgeons, leading to disparities in health outcomes” and include “strategies to address” this supposed subconscious bias.

Two Doctors File Lawsuit Challenging California Law Requiring ‘Implicit Bias’ Training in Medical Education – California Globe

californiaglobe.com

the little liberals propaganda is mind numbing...

 

[gregb]

The appraiser's job it to "measure" the value of property, not rectify past social injustices - or even current ones. In this case, the Blacks surely feel that there should be some indemnification forced on property owners, tax payers and voters, WHETHER THEY LIKE IT OR NOT for having "their" neighborhoods developed in the past on lower valued land. But I - and others - will argue that this is in itself pure racism. The Blacks are free to move and live where they want. If they are making good income, they are free to live in the best neighborhoods. Only, it is a problem, - if they insist on living in racially pure black neighborhoods. And yes, many Blacks prefer the company of Blacks over other races, which is their right.

But they need to stop the BS with appraisers.

Chatgpt-

This post contains several potential biases:

1. Generalization: The writer broadly refers to "the Blacks" in a way that presumes to know and represent the beliefs and feelings of an entire racial group. This simplification suggests that all Black individuals have the same opinions or experiences.
2. Misrepresentation of Intent: The statement that Black people feel there should be "indemnification forced on property owners, tax payers, and voters" is an assumption about the motivations and beliefs of an entire group based on, presumably, the views of a few. This assumption might not be accurate or fair.
3. Equating Appraisal to Social Justice: The beginning of the post sets up a dichotomy between the job of appraisers and rectifying social injustices. While the writer is correct in stating that the primary job of an appraiser is to evaluate property value, ignoring the history of housing discrimination and its lingering effects could lead to biased appraisals.
4. Definition of Racism: The writer suggests that asking for change in property valuations due to historical racial biases is "pure racism." This is a narrow and potentially misleading understanding of racism, which often encompasses systemic and structural forms of discrimination and prejudice.
5. Misrepresentation of Residential Choices: The assertion that Black individuals "are free to move and live where they want" oversimplifies the complexities of housing markets, discrimination, socio-economic factors, and historical policies like redlining.
6. Stereotyping: The statement "many Blacks prefer the company of Blacks over other races" is another broad generalization that doesn’t take into account the diverse perspectives and experiences within the Black community.
7. Defensiveness: The ending remark "they need to stop the BS with appraisers" frames the issue as one group causing problems for another, without acknowledging that there might be legitimate concerns about how appraisals can be influenced by bias.

The post displays a mix of biases, generalizations, and potentially misconstrued representations of a complex issue.

 

[glenn walker]

God I almost can't take it --RCA-- them people live below sea level and swamp land is being sold to them. No wonder lenders want to go to waivers and eliminate appraisers , the ignorance in this so called profession is shocking

 

[djd09]

Column: Wells Fargo denied well-off borrowers low-interest loans. Is it because they’re Black?​

SAN FRANCISCO — Gia Gray seems like a dream client for any bank: a well-off family doctor living in an exclusive Bay Area town, in a 5,000-square-foot mansion with a master bath bigger than my office.

With a credit score topping 800, she expected little drama when she and her husband decided to refinance their Danville home and two other investment properties in 2020 to capture some of the lowest interest rates in recent history — remember when 3% loans were a thing?

the unethical stakeholders have no morals...

 

[RCA]

Chatgpt-

This post contains several potential biases:

1. Generalization: The writer broadly refers to "the Blacks" in a way that presumes to know and represent the beliefs and feelings of an entire racial group. This simplification suggests that all Black individuals have the same opinions or experiences.
2. Misrepresentation of Intent: The statement that Black people feel there should be "indemnification forced on property owners, tax payers, and voters" is an assumption about the motivations and beliefs of an entire group based on, presumably, the views of a few. This assumption might not be accurate or fair.
3. Equating Appraisal to Social Justice: The beginning of the post sets up a dichotomy between the job of appraisers and rectifying social injustices. While the writer is correct in stating that the primary job of an appraiser is to evaluate property value, ignoring the history of housing discrimination and its lingering effects could lead to biased appraisals.
4. Definition of Racism: The writer suggests that asking for change in property valuations due to historical racial biases is "pure racism." This is a narrow and potentially misleading understanding of racism, which often encompasses systemic and structural forms of discrimination and prejudice.
5. Misrepresentation of Residential Choices: The assertion that Black individuals "are free to move and live where they want" oversimplifies the complexities of housing markets, discrimination, socio-economic factors, and historical policies like redlining.
6. Stereotyping: The statement "many Blacks prefer the company of Blacks over other races" is another broad generalization that doesn’t take into account the diverse perspectives and experiences within the Black community.
7. Defensiveness: The ending remark "they need to stop the BS with appraisers" frames the issue as one group causing problems for another, without acknowledging that there might be legitimate concerns about how appraisals can be influenced by bias.

The post displays a mix of biases, generalizations, and potentially misconstrued representations of a complex issue.

The meaning of the term "The Blacks" is dependent on context. and the context of the appraisal discrimination cases is quite large, for example covering not just appraisers - but lending institutions, the GSEs and so on. ChatGPT is not aware of this context and its relation to my statement, and even if it were, it itself would be subject to opnion. I use the term "The Blacks" to refer to Blacks who are vociferous in their opinion that appraisers are discriminating "against Blacks." Why would I be speaking about Blacks with an opposing opinion? That should be understood and that in any case is not the issue.

You are clearly trying to obfuscate the issue that I am dealing with. Your or I guess ChatGPT's statements. are inferring that when I use the term "Blacks" I am referring to all Blacks. That is not the case. ChatGPT is simply not aware of the context.

The issue here has to do with whether appraisers are discriminating against Blacks ( or to a lesser extent perhaps or minorities). That IS the issue. And my point is that in my firm opinion, that is not the case at all. There has been no good evidence presented to support that assertion. However, there is such good evidence that Black neighborhoods across America are on average inferior in elevation, drainage, pollution and environmental surroundings - that Bard states so quite freely. - And anyone can ask Bard themselves for what it is worth.

I could set down with ChatGPT and give it more details to come up with a quit different interpretation of my statement.

To take the approach you have taken indicates to me that you are highly biased and emotional on this subject. I could look into this further. But then I would want to know your name and do research on your background. I really don't have time. --- Otherwise I am wasting my time talking to yet another "maybe" crazy member. And, will most likely switch you to the ignore list in a very short time. That's up to you. Your choice.

 

[Dublin ohio]

Black Neighorhoods WILL be lower valued because generally, they are at a lower elevation and subject to more flood and drainage problems

Might be true in some areas. But not around here. The urban areas around here that are in the lower elevations have been historically white.