[Yo-Yo]

Paul Austin and Tenisha Tate-Austin’s four-bedroom residence in swanky Sausalito, near San Francisco, was valued at $998,000 by Janette Miller, co-owner of Miller and Perotti Real Estate Appraisers. That figure was $455,000 lower than an appraisal done for a prior mortgage refinance in 2019

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.

[CurlyDave]

...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...

As much as I am wanting to go with "incompetent appraiser" the punishment is just, despite arriving at it through the wrong route. So the world is in balance.

[Chickensoup]

Oh I thought the appraisals were done at the same time in the same market.

In some areas a 500K increase in 5 years is not unusual.

[woodbutcher1963]

I had an home owners insurance appraisal done on my house when I switched companies about twenty years ago.

He came back with a much higher value so I questioned the appraisal.
I discovered his error when I asked about the pool.

He had appraised the house next door