Black CA couple's home appraisal value goes up $500K after changing family photos to a white family

[Transistor]

I give Transistor a case of PBR, just hanging with him raises my FICO up 25 points each time

Click to shrink...

Glad I can help. The spot I pour that swill in keeps dying, tho

 

[Powdered Egg]

My white nephews will sell my house for me lmao.

The real estate industry needs a top to bottom investigation just like police departments.

 

[SykoTech]

She's saying it's the home buyers who are racist. Like how MTV blamed their audience for their policy not to show videos by black artists in the 80's.

Like how every fucking racist passes the buck when their actions are criticized.

Click to shrink...

Yep.

Hollywood: "Don't blame us, it's China that's racist! We'd handle racial inclusion flawlessly, but the racist global audience has our hands tied."

 

[AllBizness]

Yeah I'm going to get one of my white friends to pretend to own my home when I get it appraised.

 

[Addleburg]

So, if my gf and I in the future actually manage to buy a house and sell it one day, I'll have to remove all photos of me and my family to get a fair shake.

Cool, cool.

The defense quote in the displayed thread's discussion doesn't make sense?

Many appraisers, both during the hearing and in the weeks after, defended their practice, noting that it is their job to report on local market conditions, not set them.

"Is there a problem with poor and underserved communities in the United States? Yes. Is it the appraisal profession's fault? No," wrote Maureen Sweeney, a Chicago-based appraiser in a letter to the House subcommittee following the hearing. "It's like blaming the canary for the bad air in the coal mine, or blaming the mirror for your bad hair day. Appraisers reflect the market; we do not create it."

It's basically just a round about way of saying "fuck you".

Click to shrink...

"Look, it's not my fault that I'm appraising your house for less than its worth, therefore lowering your potential to earn a comparable amount of money on this sale as your white neighbors. What do you think I am, some sort of an appraiser?"

 

[Vic Damone Jr.]

So what you're saying is that whenever I get my own property, I need to pull in one of my white friends for the weekend to stand in for me while appraising it?

Click to shrink...

Yes, you know damn well. Just like if you open a business you need to get a white front to deceive everyone, smh. This shit is just tiring.

 

[entremet]

Also, I always use threads like these to plug this book.

The Color of Law: A Forgotten History of How Our Government Segregated America

www.epi.org

It talks about the history of this stuff. Also, it shows, with clear historical accuracy, how federal, state, and local governments systemically discriminated against black homeownership.

 

[Saucycarpdog]

Couple filed a lawsuit this week.

 

[Jonathan Lanza]

Good for them. Do they have a shot at winning though?

 

[WeAreStarStuff]

Couple filed a lawsuit this week.

Click to shrink...

I hope they win.

 

[El Bombastico]

Good. Take'em to the fucking cleaners.

 

[GulAtiCa]

Hope they win. Been thinking of this story a lot over last few months

 

[Morphis]

I hope they win too, utterly ridiculous.

Wouldn't it be hard to prove though? Can't the appraiser just say 'well, this is just what I thought it was worth'?

 

[Culex]

Seems like a slam dunk case.

 

[platocplx]

This needs to be legislated and standards for appraisals need to be transparent and established. It's ridiculous this happens all the damn time.

 

[platocplx]

I hope they win too, utterly ridiculous.

Wouldn't it be hard to prove though? Can't the appraiser just say 'well, this is just what I thought it was worth'?

Click to shrink...

Discovery could def reveal how they are choosing to appraise.

 

[Azerth]

unless it was the same appraiser i dont think they will win.

 

[Morphis]

Discovery could def reveal how they are choosing to appraise.

Click to shrink...

Check, yeah they probably appraised comparable houses before, that could work. I hope so anyway.

 

[WhiteRabbitEXE]

unless it was the same appraiser i dont think they will win.

Click to shrink...

I imagine it'll depend on if they're able to establish a trend of appraisals of black-owned homes coming back noticeably below other similar homes on the market.

 

[StarStorm]

I swear I heard this story before. Oh, wait, its new. Housing appraising while black. Nearly half a million difference in appraisal price is ludicrous.

I hope they win big. Sue them into the dirt.

 

[ElectricBlanketFire]

I hope they win too, utterly ridiculous.

Wouldn't it be hard to prove though? Can't the appraiser just say 'well, this is just what I thought it was worth'?

Click to shrink...

My sister-in-law is an appraiser. She said a $500,000 discrepancy between two professionals is impossible.

 

[platocplx]

I imagine it'll depend on if they're able to establish a trend of appraisals of black-owned homes coming back noticeably below other similar homes on the market.

Click to shrink...

Yep very easy to find if so they are def doing it on purpose even if the rules aren't on the books physically

 

[Morphis]

My sister-in-law is an appraiser. She said a $500,000 discrepancy between two professionals is impossible.

Click to shrink...

Oh I immediately believe that. But proving that it is due to racism seems harder. Could just try to chalk it up to a mistake.

I imagine it'll depend on if they're able to establish a trend of appraisals of black-owned homes coming back noticeably below other similar homes on the market.

Click to shrink...

Yeah, that would seem to be the way.

 

[Hollywood Duo]

Oh I immediately believe that. But proving that it is due to racism seems harder. Could just try to chalk it up to a mistake.


Yeah, that would seem to be the way.

Click to shrink...

There will be plenty of other appraisals to compare it against.

 

[onyx]

I wonder if a MAGA hat on the mantel would've gained them another 200K ?

 

[entremet]

This should be a slam dunk. It's literal written in federal law, but you know never in MAGA America.

 

[krazen]

The defense quote in the displayed thread's discussion doesn't make sense?

Many appraisers, both during the hearing and in the weeks after, defended their practice, noting that it is their job to report on local market conditions, not set them.

"Is there a problem with poor and underserved communities in the United States? Yes. Is it the appraisal profession's fault? No," wrote Maureen Sweeney, a Chicago-based appraiser in a letter to the House subcommittee following the hearing. "It's like blaming the canary for the bad air in the coal mine, or blaming the mirror for your bad hair day. Appraisers reflect the market; we do not create it."

It's basically just a round about way of saying "fuck you".

Click to shrink...

America is racist, so we need to be too is quite an interesting defense

 

[Stencil]

Dude wtf, 500k? That's insane. And depressing as fuck.