CANative
Elite Member
- Joined
- Jun 18, 2003
- Professional Status
- Retired Appraiser
- State
- California
Nice. Is this how a moderator should be posting?
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Working class neighborhood
- Thread starter OSU Beavers
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Nice. Is this how a moderator should be posting?
Econobot
Junior Member
- Joined
- Aug 9, 2019
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
You couldn't possibly be more incorrect, I bet you firmly believe Russia stole the election from your beloved Hillary too.
Econobot
Junior Member
- Joined
- Aug 9, 2019
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
I've lost all respect for this guy, if he is "moderating" its definitely not applied equally and I don't think it's ok for a moderator to chime in on heated topics and then threaten to shut down the thread. But power hungry people will always clamor for that sense of authority.
Truth hurts doesn't it. LOL
ramrcdk
Senior Member
- Joined
- Jan 15, 2008
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
My thought on Gentrification this morning means: Medieval Peasant Tax
HIGH tax " mass valuation " where some assumed working hard and paying for their american dream would allow them to remain through the retirement years until they die.
Many are not capable of the fight nor even know how to begin. A 300%+ increase in tax value where their home is now obsolete in comparison! Their little 1950's nest egg was - is just perfect except the newest monster next door has taken their "sunshine away".
It is News-worthy here-hear Urban Planning ...whats that????
I have helped fight -rebuttal of tax value but I want to do more.
EDIT: In fact, I don't mind to say I will & have provided service to many & lost: none....so far.
HIGH tax " mass valuation " where some assumed working hard and paying for their american dream would allow them to remain through the retirement years until they die.
Many are not capable of the fight nor even know how to begin. A 300%+ increase in tax value where their home is now obsolete in comparison! Their little 1950's nest egg was - is just perfect except the newest monster next door has taken their "sunshine away".
It is News-worthy here-hear Urban Planning ...whats that????
I have helped fight -rebuttal of tax value but I want to do more.
EDIT: In fact, I don't mind to say I will & have provided service to many & lost: none....so far.
Last edited:
glenn walker
Elite Member
- Joined
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
The moderator has a tough job because keeping the "dunderheads" between the white lines can be difficult.
Carnivore
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Gee, you and I are on the same page. The largest investment the common man/woman make in their life is the home they purchased years ago.
Here is whats driving that; The Woke Crowd, but underneath(cloaked) and not revealed by them is they are also the latest modern version of the NIMBY crowd.
The Hypocrisy is off the Chart! You can't shame them! They will just stick fingers in their ears and vocalize loudly "NANANANANA" pause...call you a Racist...and start the NANANANA again. They also will accuse you of me uneducated....because they have a BA in Puppetry! This is all learned by them from the communist professors,
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CANative
Elite Member
- Joined
- Jun 18, 2003
- Professional Status
- Retired Appraiser
- State
- California
Freudian slip?
glenn walker
Elite Member
- Joined
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
No slip--but I don't need placed in the penalty box this week because when I come out I am extremely agitated.
CANative
Elite Member
- Joined
- Jun 18, 2003
- Professional Status
- Retired Appraiser
- State
- California
Look, the attempt at humor in the original post was not lost on me. But attempts at humor should be posted in the Watercooler.
I don't know how race got into this thread, but it wasn't my doing. My first response was a gentle remonstration regarding the use of subjective descriptions. This should be appraisal basics 101. It's in the AO's in USPAP and it's in the GSE selling guides.
AO-16
Appraisal Report Content
An appraiser must ensure that his or her appraisal or appraisal review opinions and conclusions are impartial and objective and do not illegally discriminate or contribute to illegal discrimination through subjective or stereotypical assumptions.
The use of terms or descriptive phrases in place of factual information in a report imposes particular obligations on an appraiser to ensure that the user properly understands the report and is not misled. An appraiser needs to have, and should report wherever possible and appropriate, factual information to support the use of terms or descriptive phrases that reflect a scale or rating of a market or property that affects value or marketability conclusions. If such factual information is absent, an appraiser should clearly disclose that the rating or descriptive phrase is the appraiser’s opinion but that no factual information was available to support that rating or descriptive phrase and ensure that the use of the term or descriptive phrase is not illegally discriminatory.
An appraiser should research the actions of participants in the subject’s market to identify factors having a direct favorable or unfavorable influence on marketability or value. Failure to extract pertinent market information (e.g., sales, rents, occupancy rates, expense ratios, capitalization or discount rates, construction costs, depreciation, or exposure times) from the subject’s market could produce conclusions that are misleading and/or illegally discriminatory.
Appraisers should exercise care that comments made in a report will not be perceived as illegally biased or discriminatory. Factual descriptions, rather than subjective phrases, allow the user of a report to draw his or her own conclusions. The use of terms that reflect a scale such as “high,” “low,” “good,” “fair,” “poor,” “strong,” “weak,” “rapid,” “slow,” “average,” or the like should also provide contextual information that properly explains the frame of reference and the relative position of the subject property on the scale. For example, if absorption is stated as “rapid,” the context of the rating should be cited as well (“rapid” relative to what?).
Here it is again in the 2018 FNMA Selling Guide
Objective and Unbiased Appraisals
A lender must ensure that the appraiser
• described the property and the neighborhood in factual, unbiased, and specific terms;
• considered all factors that have an effect on value; and
• was objective and unbiased in the development of the opinion of market value in the appraisal report.
A number of federal, state, and local laws prohibit discrimination in the appraisal of housing. Fannie Mae expects professional appraisers to fully understand that discriminatory valuation and appraisal reporting practices are not only illegal, but also unethical. Unintentional discrimination can occur as the result of what an appraiser states, or fails to state, in his or her appraisal report. The lender and the appraiser must ensure that the integrity of the loan decision is not influenced by subjective, racial, or stereotypical terms, phrases or comments in the appraisal report.
Prohibited practices include:
• use of unsupported, descriptive comments or drawing unsupported conclusions from subjective observations. These actions may have a discriminatory effect;
• use of unsupported assumptions, interjections of personal opinion, or perceptions about factors in the valuation process.
These actions may have a discriminatory effect, and may or may not affect the use and value of a property;
• use of subjective terminology, including, but not limited to:
- “pride of ownership,” “no pride of ownership,” and “lack of pride of ownership”;
- “poor neighborhood”;
- “good neighborhood”;
- “crime-ridden area”;
- “desirable neighborhood or location”; or
- “undesirable neighborhood or location”;
• use of subjective terminology that can result in erroneous conclusions;
• actions that may have a discriminatory effect or may affect the use and value of the property; or
• basing the analysis or opinion of market value (either partially or completely) on the race, color, religion, sex, handicap, familial status, or national origin, of either the prospective owners or occupants of the property being appraised or the present owners or occupants of the properties in the vicinity of that property.
I don't know how race got into this thread, but it wasn't my doing. My first response was a gentle remonstration regarding the use of subjective descriptions. This should be appraisal basics 101. It's in the AO's in USPAP and it's in the GSE selling guides.
AO-16
Appraisal Report Content
An appraiser must ensure that his or her appraisal or appraisal review opinions and conclusions are impartial and objective and do not illegally discriminate or contribute to illegal discrimination through subjective or stereotypical assumptions.
The use of terms or descriptive phrases in place of factual information in a report imposes particular obligations on an appraiser to ensure that the user properly understands the report and is not misled. An appraiser needs to have, and should report wherever possible and appropriate, factual information to support the use of terms or descriptive phrases that reflect a scale or rating of a market or property that affects value or marketability conclusions. If such factual information is absent, an appraiser should clearly disclose that the rating or descriptive phrase is the appraiser’s opinion but that no factual information was available to support that rating or descriptive phrase and ensure that the use of the term or descriptive phrase is not illegally discriminatory.
An appraiser should research the actions of participants in the subject’s market to identify factors having a direct favorable or unfavorable influence on marketability or value. Failure to extract pertinent market information (e.g., sales, rents, occupancy rates, expense ratios, capitalization or discount rates, construction costs, depreciation, or exposure times) from the subject’s market could produce conclusions that are misleading and/or illegally discriminatory.
Appraisers should exercise care that comments made in a report will not be perceived as illegally biased or discriminatory. Factual descriptions, rather than subjective phrases, allow the user of a report to draw his or her own conclusions. The use of terms that reflect a scale such as “high,” “low,” “good,” “fair,” “poor,” “strong,” “weak,” “rapid,” “slow,” “average,” or the like should also provide contextual information that properly explains the frame of reference and the relative position of the subject property on the scale. For example, if absorption is stated as “rapid,” the context of the rating should be cited as well (“rapid” relative to what?).
Here it is again in the 2018 FNMA Selling Guide
Objective and Unbiased Appraisals
A lender must ensure that the appraiser
• described the property and the neighborhood in factual, unbiased, and specific terms;
• considered all factors that have an effect on value; and
• was objective and unbiased in the development of the opinion of market value in the appraisal report.
A number of federal, state, and local laws prohibit discrimination in the appraisal of housing. Fannie Mae expects professional appraisers to fully understand that discriminatory valuation and appraisal reporting practices are not only illegal, but also unethical. Unintentional discrimination can occur as the result of what an appraiser states, or fails to state, in his or her appraisal report. The lender and the appraiser must ensure that the integrity of the loan decision is not influenced by subjective, racial, or stereotypical terms, phrases or comments in the appraisal report.
Prohibited practices include:
• use of unsupported, descriptive comments or drawing unsupported conclusions from subjective observations. These actions may have a discriminatory effect;
• use of unsupported assumptions, interjections of personal opinion, or perceptions about factors in the valuation process.
These actions may have a discriminatory effect, and may or may not affect the use and value of a property;
• use of subjective terminology, including, but not limited to:
- “pride of ownership,” “no pride of ownership,” and “lack of pride of ownership”;
- “poor neighborhood”;
- “good neighborhood”;
- “crime-ridden area”;
- “desirable neighborhood or location”; or
- “undesirable neighborhood or location”;
• use of subjective terminology that can result in erroneous conclusions;
• actions that may have a discriminatory effect or may affect the use and value of the property; or
• basing the analysis or opinion of market value (either partially or completely) on the race, color, religion, sex, handicap, familial status, or national origin, of either the prospective owners or occupants of the property being appraised or the present owners or occupants of the properties in the vicinity of that property.
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