Harris announces new actions to tackle racial bias in home appraisals

The Hill ^ | 06/01/2023 | ALEX GANGITANO

[1of10]

you said ..”homes in the ghetto will be appraised “

THASSS RAAAASIST ...
Just kidding, when red lining was a thing, sure we could see a need for expanded thinking. But really, math is math .. numbers are real things that represent real things.
It’s as if we are slipping into a make believe world ... made up of wishfull unthinking and double speak.
It hurts my head....

[Brian Griffin]

....
New York City

2023 market value $550,000
2028 expected value $200,000

The house is in a state run by idiots, in a city whose central core is being abandoned. The city has a tendency to overpay to house bums, drug addicts and invaders. The public schools of the city are experiencing declines and no public school is likely to have a high achievement student body during the next seven years. The private schools are experiencing increasing levels of incorrect political correctness.

The 2028 expected value is an estimate and is of course not guaranteed.

[Political Junkie Too]

What is the federal stake in this? If these are private sellers working with private realtors who are licensed by the state, and appraisers are hired by counties, lenders, and insurance companies, by what authority does the executive branch of the federal government get to issue edicts on state and local agents ?

-PJ

[Fireone]

Exactly what I was thinking...good luck getting it, but here’s your non-racist appraisal, on your run down home in a rotten neighborhood...One million dollars.

[youngidiot]

This idiot with a 12yo girl’s mentality is SO EXCITED about electric busses (that don’t work) and now she setting up to combat a “problem” that doesn’t exist. I hate the left.

[Dilbert San Diego]

Maybe somehow this affects FHA mortgages, or VA mortgages?

[Leep]

She did so well with the border.

[Night Hides Not]

I surely thought this was coming from the Bee. So now algorithms are racist?

[Political Junkie Too]

Maybe.

-PJ

[scrabblehack]

If you ask $100k and it appraises for $80k, the buyer will likely need a larger down payment.

Now if your city or county has been charging property tax based on $100k, you might have grounds for appealing the low appraisal.

[FlingWingFlyer]

Harris needs a boot in the ass. Racist biatch.

[Osage Orange]

Thanks...been there done that. More than once.

[ptsal]

Bkmk