I got in a brief debate about an appraisal myth found on my sister's website.
Myth: The appraised value of a property will vary, depending upon whether the appraisal is conducted for the buyer or the seller.
My best argument was one I have used before. I know from what I have read the appraisal industry is regulated very tightly. Well, it seems like it.
Scientific experiments were thrown out with fudged pharmaceutical tests and biased endorsements. Homer said: "Facts can prove anything that is even remotely true." From my statistics class, with the right population or sample you can "fudge" the results to reflect the desired outcome.
Gary went on to say, "Yeah but if could scientifically analyze appraisals, it would show this myth to be true."
"Maybe,” I countered. "But we already ruled out Science."
Posted by Michael at August 14, 2003 09:11 PM