Are Piggington’s best days behind it?

[CA renter]

From the article:

Typically, this sort of demand/supply imbalance would lead to bidding wars and increased selling prices. But, not now. The bidding wars are there but not the appraisals to support the higher prices. Buyers who are willing to pay more are being rejected by institutional sellers in favor of lower priced buyers out of apprehension that the property won’t appraise. So much for the free market setting prices.

San Diego is getting its first taste of government intervention in the real estate industry, and for buyers who are losing out and to other property owners whose home values are being artificially depressed by new appraisal laws, it’s just another reminder of how completely ineffective government has become.
——————

So…where was this clown when prices were ramping up because of all the fraud? Was he complaining about the appraisers then, or was he “helping” them understand why a house should appriase for $100K+ more than it sold for only three months before?

He needs to understand that the appraiser’s job is to protect the lender, meaning the final bag-holder, and NOT the originating broker/lender.

If there’s one thing that the govt got right, it’s removing the originating/commision-based parties from the appraisal process.

[sdduuuude]

Seems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).

I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.

Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.

Plus – until housing data stops coming out every month, there is something to see here.

I could live w/o the political blah, blah – but that subsided shortly after the election.

[sdduuuude]

Seems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).

I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.

Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.

Plus – until housing data stops coming out every month, there is something to see here.

I could live w/o the political blah, blah – but that subsided shortly after the election.

[sdduuuude]

Seems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).

I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.

Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.

Plus – until housing data stops coming out every month, there is something to see here.

I could live w/o the political blah, blah – but that subsided shortly after the election.

[sdduuuude]

Seems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).

I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.

Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.

Plus – until housing data stops coming out every month, there is something to see here.

I could live w/o the political blah, blah – but that subsided shortly after the election.

[sdduuuude]

Seems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).

I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.

Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.

Plus – until housing data stops coming out every month, there is something to see here.

I could live w/o the political blah, blah – but that subsided shortly after the election.

[Aecetia]

I have to agree with Ca renter. The appraisal should be based on a complete inspection and documentation of the property and not a drive by.

[Aecetia]

I have to agree with Ca renter. The appraisal should be based on a complete inspection and documentation of the property and not a drive by.

[Aecetia]

I have to agree with Ca renter. The appraisal should be based on a complete inspection and documentation of the property and not a drive by.

[Aecetia]

I have to agree with Ca renter. The appraisal should be based on a complete inspection and documentation of the property and not a drive by.

[Aecetia]

I have to agree with Ca renter. The appraisal should be based on a complete inspection and documentation of the property and not a drive by.

[Multiplepropertyowner]

Sorry to post and hide, we were in Sequoia for a week. I was stoked to see Rich’s opinion on this thread. He summed it up well. BTW Rich, I have always appreciated your your takes, but mostly your interviews on NPR/local PBS. Have you thought about video on your site linked from youtube? I think this would add to the site. Either that or a cage match with Matt Battitia.
MPO

[Multiplepropertyowner]

Sorry to post and hide, we were in Sequoia for a week. I was stoked to see Rich’s opinion on this thread. He summed it up well. BTW Rich, I have always appreciated your your takes, but mostly your interviews on NPR/local PBS. Have you thought about video on your site linked from youtube? I think this would add to the site. Either that or a cage match with Matt Battitia.
MPO

[Multiplepropertyowner]

Sorry to post and hide, we were in Sequoia for a week. I was stoked to see Rich’s opinion on this thread. He summed it up well. BTW Rich, I have always appreciated your your takes, but mostly your interviews on NPR/local PBS. Have you thought about video on your site linked from youtube? I think this would add to the site. Either that or a cage match with Matt Battitia.
MPO

[Multiplepropertyowner]

Sorry to post and hide, we were in Sequoia for a week. I was stoked to see Rich’s opinion on this thread. He summed it up well. BTW Rich, I have always appreciated your your takes, but mostly your interviews on NPR/local PBS. Have you thought about video on your site linked from youtube? I think this would add to the site. Either that or a cage match with Matt Battitia.
MPO

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