We have to STOP “prices-must-hit-the-bottom” mass hysteria in Nevada, and demand Local legislators alone with U.S. Congress to URGENTLY correct OUTDATED appraisers’ regulations that provoke to brainlessly drain billions of our real estate investment into a manmade economic “black hole”. These “appraisals” have created mass hysteria among homeowners who believe that their homes are loosing their “VALUE” and are “upside-down”. While their homes are standing sound and desirable, they keep reducing their sale prices for no real intelligent reason, proving that not their homes are upside-down but their minds are. The real value of the new real estate development in Las Vegas is high, but the price-tags glued onto these beautiful homes by appraisers are out of any proportions and even cannot cover the cost of the building materials from which these homes are built. No one even think that the price of a house shall be based at least on the recent value of the falling dollar… This means that the prices should be already increased just for that reason.
No lenders, brokers, experts, appraisers or media have the rights to manipulate the housing market. Homeowners have to learn about their exclusive right to control their sale prices and REQUEST permanent QUARANTINE For Foreclosures, which means to stop appraisers from comparing their sound standing properties with foreclosures sold next door.
Homeowners have to take responsibility for protecting their own property values, considering an immediate SALE PRICE COORDINATION with a fast declining value of a U.S. dollar, the increasing prices for the building materials, etc,.
Why is this so urgent to stop appraisers from their brainless “job”?
Wondering where is all our real estate investment going, while we are reducing our real estate market prices?
If some thief steals money from you, this money will eventually go back to the economic circulation, (because this money gets somehow spent or reinvested by the thieves themselves). Strangely enough our brainlessly disposed real estate investment cannot go back to ANY kind of economic circulation!! We witness the most outrageous disposal of money in history.
If we follow quiet real estate appraisers doing their routine job disposing our actual multibillion dollar real estate investment into nowhere, we will clearly see how appraisers are bleeding our gigantic economic wound.
A good doctor would stop his patient from bleeding, BEFORE giving him some blood infusion. This means that until we stop appraisers from “comparing” our sound-standing homes with foreclosures sold next door, and patch our real estate financial wound, NO bailouts, stimulus packages, short-sales, refinancing, or any efforts to fix the crooked lending institution can really help our economy.
Moreover, the homeowners rights are ultimately violated not only by crooked lenders, but by the quiet appraisers who keep disposing property owner actual investment, destroying the whole market, including the crippled lending institution.
