Okay wait a minute. The bulk purchases ARE public information. They are on the tax roll. Guys lets identify the problem correctly. That is, the problem is that the current method of appraising properties is inherently fraudulent because only a SUBSET of sales are used for comps.

This is the problem correct?

The fact is that appraisers need to look beyond the MLS recent sales to find comps….

Let’s not stray from the facts. That is, these bulk sales are not hidden from the public. I believe they are indeed on the tax roll okay?

In fact the only hidden manipulations are those that are loan modifications or reductions in principal. I do not think those events are made part of the tax roll although I keep harping that they should be.

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Now I am gonna plant a little food for thought that I know most of you will disagree with but… just think about it…

Do you think there should be a seperate market for cash verses a seperate market for a financed home? Now I know as you read this your gut will say hell no we should not… but I am not so sure. I am not saying yes or no but I am thinking about it more.