Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute,

Posted by Cochise on April 20, 2008 at 19:54:36:

In Reply to: You Asked for It! Steven R. Smith, MAI, Appraisal Institute, posted by Cochise on April 20, 2008 at 19:06:33:

Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute,

Mr. Smith:

I do not respect or like you or other MAI's because you are a discrace to the Appraisal Profession. You are currupt and enept. To this regard, I am presently reviewing your article: "Using Graphing Techniques to Support Time Adjustments" which is a total CROCK! prepared by a Crook!

Your first dubious action is to collect data on residential properties ranging from $400,000 to $1,400,000. Any 101 appraisal student should know that a $400,000 residence is not in the same market as a $1,400,000 residence.

You state "Based on observing what this market has donein the past 10 months, it is apparent that the trend is downward." BS! It is obvious to anyone that has been trained interput a scatter diagram that there are three tendencies revealed by the data points. The first range from $1.4M to 1.0M, the second from 1.0M to $0.75M and the third from $0.75M to 0.4M.

The first range appears to be declining, the second appears to increasse in value through may and then begin to decline, the thier group appears to be increasing value from december to october.

You then suggest that this montague might produce 12% +/- rate (we calculated a 30% decline based on your data) for the entire year. (WHAT?) and this does not mean that the rate was 1% per month does it?" Then you conclude "In this case... we will use a -1% per month adjustment..."

IF PEOPLE WANT TO KNOW THE REASON FOR FLUCTUATIONS IN THE REAL ESTATE MARKET THEY SHOULD LOOK TO YOU, MAI'S AND THE APPRAISAL INSTITUTE.

iF YOU ARE HAVING ISSUES LEAVING A RESPONCE YOU CAN ALWAYS EMAIL ME AT COCHISE@JUSTICE.COM

Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute,

• Appraiser

Follow Ups:

• Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute, (url) - Cochise 09:40:19 04/23/08 (4)
  • Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute, (url) - Cochise 15:59:30 04/28/08 (3)
    • Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute, (url) - Cochise 10:16:56 05/04/08 (2)
      • Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute, (url) - Cochise 16:30:35 05/15/08 (1)
        • Re: You Asked for It! Steven R. Smith, MAI, Appraisal Institute, (url) - Cochise 11:03:16 05/25/08 (0)

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