Eugene David
...The One-Minute Pundit

Monday, May 09, 2005


No one knows exactly how often appraisers tinker with reality.

OFTEN ENOUGH.


In a 2003 survey of 500 appraisers by a private firm, 55 percent of appraisers said they'd felt pressure to overstate values, according to the Demos report. The National Association of Realtors has warned the United States Senate about the prevalence of appraisal fraud, and thousands of appraisers have signed an online petition calling for reform.

BUBBLE? WHAT BUBBLE?

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