Who is in contro of the Market?
Everyone, it seems is trying to tell
us they are “in control” of the game..
Here’s the story:
“Now they are going after the appraisers. Because
nothing in this debackle can not be blamed
on the wrong piece/part of the equation…
An appraiser contacted me shortly after I posted the story about home builders wanting better values for new homes, which they believe are being dragged down as a result of neighboring distressed properties
.
This is his viewpoint:
“Yesterday it was the Realtors, the day before it was the Mortgage Brokers, and today it’s the Builders.
The builders did NO demographics study and created the largest OVER SUPPLY in human history. Is it our fault the values are being destroyed?
Most of these builder homes are selling cheap because the BANK owns them and the buyers are paying CASH. Do you not expect a further discount when paying cash?…
Appraisers are being thrown under the bus…as usual when the bankers and builders get caught with their hands in the cookie jar.
I mean who’s next? Do you know about the HVCC? It cuts the appraisers fee in 1/2 and TAKES ALL our client relationships away. Those took years to build.
Now We Can Just Blame The Appraisers
*** End of quote and link***
One gain the government solution creates and exacerbates the problem rather than solving it…
