Some thoughts on appraisal theory

[Goodpasture]

Originally Posted by RonAriba

Also according to Mr Goodpasture the "Blending Approach" to value will become more and more into the mainstream of real estate valuation, however, I could not find any mention in the Freqenuently Asked Questions of the 2008-2009 edition.

What part of USPAP do you understand? Obviously not the basic concept of it. Otherwise you would not be looking in USPAP for answers of that nature.

There comes a time when trying to address theory doesn't take. Apparently it has with you. You were given a reference, given the publisher and told where the publisher is located. Buy the book and study it. Fannie Mae does not accept it because they have to verify through their AVM's. But then Fannie usually does not accept unique or mixed use properties so their guidelines do not apply. As far as your equating the morttgage meltdown with what is being taught in appraisal schools across the country, I am taking your comments as being from one who is a really ignorant individaual without any significant training or education in the field he is trying to discuss.

[Annemieke Roell]

Originally Posted by RonAriba

Why?

Because you are coming very close to libel. So go easy.

I can tell that you have some knowledge of appraising/lending issues, but some of the items you bring up make it obvious that you are not well versed in them.

[RonAriba]

Originally Posted by Goodpasture

Fannie Mae does not accept it because they have to verify through their AVM's. But then Fannie usually does not accept unique or mixed use properties so their guidelines do not apply.

Amen! So I guess your quote, "loan officers, managers, and real estate professionals should expect to see these "Blended Approaches to value become more and more into the mainstream of real estate valuation" was misleading?

Originally Posted by Goodpasture

As far as your equating the mortgage meltdown with what is being taught in appraisal schools across the country, I am taking your comments as being from one who is a really ignorant individual without any significant training or education in the field he is trying to discuss.

Please quote me where I made that statement? There you go again, when you cannot articulate your position/point you fall back on name-calling. Very productive!


Maybe it is time for you to step back and read your opening quote from your friend.

I think many very senior appraisers operate the same way. They have good interpersonal skills and highly-developed political acumen. They use these skills to get a foot in the door for high-level assignments, then parlay those assignments into professional recognition whether they were done correctly or not. The main problem arises when these people start to believe their own propaganda. Then they write articles, and the rank and file believe what they say because of their "credentials" and who they know. Thus, fiction and bad practice become reality and peer practice, e.g., across-the-fence theory, and the three *independent" approaches mantra."

Originally Posted by Schousse

Because you are coming very close to libel. So go easy.

What are you talking about? Asking or challenging answers to questions in a forum is now libel? You must be kidding or are you an attorney? However, if you are an appraiser you better get a thicker skin.

In law, defamation (also called calumny, libel, slander, and vilification) is the communication of a statement that makes a false claim, expressly stated or implied to be factual, that may give an individual, business, product, group, government or nation a negative image. Slander refers to a malicious, false, and defamatory spoken statement or report, while libel refers to any other form of communication such as written words or images.

Maybe you should re-read Mr Goodpasture’s posts and the name calling!