Appraisers can vary wildly. I’ve had it happen to me - about $40K difference within about 3 months - no work done, nothing different.
immediately suspected discrimination.
They would be happy if the Tax Office appraised it at the lower value.
The narrative must be advanced!
"Oh, your wife is black?
Please deduct $125,000 from that appraisal."
That’s not a valid experiment.
Appraisers can vary wildly and while it’s possible the first one might have been raciss the mere fact that she called out a 2nd appraiser and probs it invoked racism on the call could’ve meant the 2nd appraiser was ordered to give an above average appraisal.
You’re better off getting a detailed list of why the house was appraised lower than expected.
Sorry, this is antecdotal and we cannot believe it until they have done a randomized double-blind study. Appraisers can differ in what data they consider. It is also possible that her husband was able to inform the appraiser of some upgrades that might raise the value of the home. I’m not sure why a random appraiser would want to harm a random couple by giving them an out of line appraisal. When all you have is a hammer, not every problem is a nail.
The NYTimes wants a race war.
This proves absolutely nothing and in no way can this difference in appraisals be put down to discrimination. For that to even be considered the home would have had to be left exactly as it was when the first appraiser saw it.
Was the second appraisal done by the lender as the 1st one was or did the homeowner get his local bank to do the appraisal? Lots of unanswered questions here and besides we are dealing with the NYT.
So they’ll pay less in property taxes because the home was valued less?
If discrimination is paying less in taxes then sign me up for some!
“She took all family photos off the mantle. Instead, she hung up a series of oil paintings of Mr. Horton, who is white, and his grandparents that had been in storage. Books by Zora Neale Hurston and Toni Morrison were taken off the shelves, and holiday photo cards sent by friends were edited so that only those showing white families were left on display.”
So, she ‘staged’ the house and the appraisal increased? A certain sign of racism.
So is the lesson that we are supposed to take away from this story - Blacks in the neighborhood devalue the real estate?
There may be some huts for sale in Africa if they aren’t happy with the American way of doing things. Just saying.
Probably everyone has been unhappy with issues when buying homes at one time or another. Even white folks. Go figure. These people aren’t special.
>> Ms. Horton, who is Black, immediately suspected discrimination.
The go-to response...
But no worries, Ms Horton, not everything racist. I too had an appraisal that was substantially off.
Surprised we have not heard about appraisal discrimination from a Vietnamese whose house was permeated with fish sauce smell.
More shitlib flopaganda from the NYT.
Many blacks blame everything negative that happens to them on race. I mean EVERYTHING. It’s pathetic.
Too bad I have to create an account to see the pictures. I don’t live far from that area and would like to run over there and see - I’d think both estimates may be high....
>>>“We still see Black people as risky,” Mr. Perry said. “White appraisers carry the same attitudes and beliefs of white America — the same attitudes that compelled Derek Chauvin to kneel casually on the neck of George Floyd are shared by other professionals in other fields. How does that choking out of America look in the appraisal industry? Through very low appraisals,” he said.<<<
Now I know that this is the New York Times, so paragraphs written this way should be expected, but I’m commenting on it nonetheless. Kneel casually? Really? And the article really provides no evidence at all that the problem is white appraisers, other than the racist worldview of the writer. But that’s not what really bothers me about this article.
A home that is appraised at far less than its actual value is a dream come true for anyone paying property taxes. In fact, I’d be pissed if I was a white homeowner next door to a black neighbor paying only 70 percent of what is requested in property taxes. What the Times tries to promote as discrimination is actually a favor for the black homeowner. And then there’s the ability to sell the house quickly because it has a lower valuation than the white owned homes around it. Although it’ll be a shock, if the article is true, which I doubt, to the new white homeowner who finds out that their skin color just caused their property taxes to skyrocket.
That George Floyd reference is just propagandistic bullshit, though. Not unexpected considering the source.
The New York Times? You might as well be reading the comics.