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Originally Posted by FSETH
I am an appraiser. I know that.
The only way your plan could ever work is if the lender could manipulate supply and demand to keep your homes minimum value at a certain number. How do you suggest they go about doing that? How do you suggest that they go about controling uncontrolable variables?
Do you understand that there is no way that anyone can positively tell you that your homes true value will not decrease at some point?
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If I had answers to all those questions, I'd be Sec. of the Treas. 
As an appraiser you should know then that your basis of value comes from values assumed in the area. If values are artificially inflated, any you base your estimates off those, you continue to expand the problem.
I never stated that they should guarantee the value never falls. My point is all the risk mitigation is done on the banks end with nothing in regards to the consumer. The interest is risk mitigation, sale on the market is risk mitigation, with all this risk mitigation the lender can assume the risk limits of value. Problems as we see now will occur time and again in a market in which values are over-estimated for sale on a larger market. Until the lending institution is someway accountable to the consumer, no method of legislation will change the outcome.
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