Home › Forums › Closed Forums › Buying and Selling RE › Those darn appraisers … it’s all their fault!
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4plexowner.
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June 24, 2009 at 8:21 AM #15931June 24, 2009 at 8:34 AM #419615
jpinpb
ParticipantSuch BS. Exactly right. NAR had no problems when the appraisals were ridiculously high on the up-cycle.
This is the problem: Most people’s income cannot afford them what a house costs. Period. It worked during the up-cycle b/c of all the trick loans and the banks turning a blind eye to income.
Okay. Take what we’re talking about on another thread, 1104 Missouri. Say an appraisal comes back and says it’s worth 1.5 million, just for fun.
Don’t we need someone who has the money, income, credit or cash or financial wherewithal to buy it? Isn’t that what it boils down to?
I mean, the up-cycle hot-potato game was all fictitious. The only way we get back to those times again is to play that game over w/the NINAs and everything else that accompanied it, appraisers and whatnot.
June 24, 2009 at 8:34 AM #420344jpinpb
ParticipantSuch BS. Exactly right. NAR had no problems when the appraisals were ridiculously high on the up-cycle.
This is the problem: Most people’s income cannot afford them what a house costs. Period. It worked during the up-cycle b/c of all the trick loans and the banks turning a blind eye to income.
Okay. Take what we’re talking about on another thread, 1104 Missouri. Say an appraisal comes back and says it’s worth 1.5 million, just for fun.
Don’t we need someone who has the money, income, credit or cash or financial wherewithal to buy it? Isn’t that what it boils down to?
I mean, the up-cycle hot-potato game was all fictitious. The only way we get back to those times again is to play that game over w/the NINAs and everything else that accompanied it, appraisers and whatnot.
June 24, 2009 at 8:34 AM #420182jpinpb
ParticipantSuch BS. Exactly right. NAR had no problems when the appraisals were ridiculously high on the up-cycle.
This is the problem: Most people’s income cannot afford them what a house costs. Period. It worked during the up-cycle b/c of all the trick loans and the banks turning a blind eye to income.
Okay. Take what we’re talking about on another thread, 1104 Missouri. Say an appraisal comes back and says it’s worth 1.5 million, just for fun.
Don’t we need someone who has the money, income, credit or cash or financial wherewithal to buy it? Isn’t that what it boils down to?
I mean, the up-cycle hot-potato game was all fictitious. The only way we get back to those times again is to play that game over w/the NINAs and everything else that accompanied it, appraisers and whatnot.
June 24, 2009 at 8:34 AM #420115jpinpb
ParticipantSuch BS. Exactly right. NAR had no problems when the appraisals were ridiculously high on the up-cycle.
This is the problem: Most people’s income cannot afford them what a house costs. Period. It worked during the up-cycle b/c of all the trick loans and the banks turning a blind eye to income.
Okay. Take what we’re talking about on another thread, 1104 Missouri. Say an appraisal comes back and says it’s worth 1.5 million, just for fun.
Don’t we need someone who has the money, income, credit or cash or financial wherewithal to buy it? Isn’t that what it boils down to?
I mean, the up-cycle hot-potato game was all fictitious. The only way we get back to those times again is to play that game over w/the NINAs and everything else that accompanied it, appraisers and whatnot.
June 24, 2009 at 8:34 AM #419846jpinpb
ParticipantSuch BS. Exactly right. NAR had no problems when the appraisals were ridiculously high on the up-cycle.
This is the problem: Most people’s income cannot afford them what a house costs. Period. It worked during the up-cycle b/c of all the trick loans and the banks turning a blind eye to income.
Okay. Take what we’re talking about on another thread, 1104 Missouri. Say an appraisal comes back and says it’s worth 1.5 million, just for fun.
Don’t we need someone who has the money, income, credit or cash or financial wherewithal to buy it? Isn’t that what it boils down to?
I mean, the up-cycle hot-potato game was all fictitious. The only way we get back to those times again is to play that game over w/the NINAs and everything else that accompanied it, appraisers and whatnot.
June 24, 2009 at 11:08 AM #419690PadreBrian
ParticipantSouth Florida. :rollingeyes:
The appraisers are just doing their job.
June 24, 2009 at 11:08 AM #420190PadreBrian
ParticipantSouth Florida. :rollingeyes:
The appraisers are just doing their job.
June 24, 2009 at 11:08 AM #419921PadreBrian
ParticipantSouth Florida. :rollingeyes:
The appraisers are just doing their job.
June 24, 2009 at 11:08 AM #420257PadreBrian
ParticipantSouth Florida. :rollingeyes:
The appraisers are just doing their job.
June 24, 2009 at 11:08 AM #420419PadreBrian
ParticipantSouth Florida. :rollingeyes:
The appraisers are just doing their job.
June 24, 2009 at 4:54 PM #420609aldante
Participant[quote=PadreBrian]South Florida. :rollingeyes:
The appraisers are just doing their job. [/quote]
Now they are? Ok if you say so. I wonder what they were doing during the run up from 2001-2007?
June 24, 2009 at 4:54 PM #419880aldante
Participant[quote=PadreBrian]South Florida. :rollingeyes:
The appraisers are just doing their job. [/quote]
Now they are? Ok if you say so. I wonder what they were doing during the run up from 2001-2007?
June 24, 2009 at 4:54 PM #420111aldante
Participant[quote=PadreBrian]South Florida. :rollingeyes:
The appraisers are just doing their job. [/quote]
Now they are? Ok if you say so. I wonder what they were doing during the run up from 2001-2007?
June 24, 2009 at 4:54 PM #420447aldante
Participant[quote=PadreBrian]South Florida. :rollingeyes:
The appraisers are just doing their job. [/quote]
Now they are? Ok if you say so. I wonder what they were doing during the run up from 2001-2007?
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