Why is California such a cesspit of racism and hate?
What this tells me is that liberals are willing to pay $500,000 dollars more in order to not live near black people.
I don’t get it. I recently sold two houses and never once met the appraiser. Does Kalifornia do it differently? How do you have someone else pose as the owners? Something doesn’t smell right here.
BS detector meter pegged.
How unique is their house? Did any nearby houses sell for more in the interim? Last time I dealt with a realtor (and I expect a professional appraiser would be the same) comparable sales were everything. Find nearby houses with a similar yard, square footage and age and then adjust for minor differences.
Probably a Smolette-esque hoax. But with now way for it to be disproved because of a two-way NDA and no need to produce a perp with a MAGA hat. Pretty sneaky, sis!
Unless you used the same assessor, there is no comparison to prove racism. The first assessor might have arrived at the same figure with a white owner. CA has pretty strict rules on assessors, and he/she will have to provide the comps, measurements and analysis used to arrive at the figure.
20 Years ago, assessors in CA just valued the house at whatever it was selling for to ensure the mortgage was approved. If they didn’t do that, realtors didn’t give them business. Now it is quite regulated.
Good for the couple. The appraiser should lose her license. At any rate, I hope the settlement hurt the appraiser badly.
Yet another "something bad happened to me, so it must be because I'm black."
An alternate view would be that the appraiser was incompetent.
One appraiser in 2019 correctly valued the home, and the second 2023 appraiser for the "white" friend correctly valued the home.
I think it's more likely that Janette Miller is not very good at her job, or made an honest mistake when performing comparisons of similar home sales for the appraisal.
But racism sells, I suppose.
This whole premise is insane. Appraiser "A" gives an appraisal of X. Appraiser "B" comes by at a later date and gives an appraisal of X + 50%. How does this prove any malfeasance or "racism"?
You can look up analyst recommendations for various publicly traded companies and see multiple price targets or valuations for those companies. Are these differences of opinion of the value of those assets based on some sort of "racism"?
Then, I knew some appraisers who would go to the property, do a walk around, etc.
Maybe this had nothing to do with race.
Several years after purchasing the home, the Austins decided to have it appraised, with an expert saying it was worth around $890,000.
The couple subsequently decided to renovate the home, which was built in the 1960s, pouring more than $400,000 into an overhaul, adding an entirely new level, as well as a new deck, a fireplace and flashy new appliances.
When Jeanette Miller came to value the home in 2020 they were confident the home would be worth well over $1 million and were stunned by her $998,000 figure. . . .
The home was reappraised at $1.48 million — roughly $500,000 more than it was valued at just weeks prior.
Well, you don't normally get more than 1:1 return on your home improvements. But I guess if you claim racism, the ROI is better.
Who cares what it is “appraised” for unless you are borrowing against it. It’s “worth” what somebody will pay you for it.
Non-existent racism again and again.
The black couple should place the blame where it belongs, on their black community friends.
Now that’s funny:-)
They want to pay more taxes?
They should “pay their fair share” on that unrealized income according to the democrats.
Terrible. These evil people should be jailed after restitution. Put on general population.