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Forum » Black homeowners "erase" themselves - price goes up by 500k
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Thread: Black homeowners "erase" themselves - price goes up by 500k

post 1652116213 12-07-2021, 06:55 AM
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Black homeowners "erase" themselves - price goes up by 500k

Black couple SUE real estate agency after their Bay Area home was valued at just $995,000 - but $1.42m when they removed all photos and asked a white friend to pose as its owner for viewing with second expert

Paul Austin 45, and his wife Tenisha Tate Austin, 42, say they believe race was the reason their home in Marin City in the Bay Area was undervalued

The couple bought their home in 2016 for around $890,000 but was valued at only $995,000 despite spending $400,000 on renovations

When their white friend posed as the owner, it went up in value to $1,482,000 - almost $500,000 more

Their friend even put photos in their home to make it appear that she lived there in a process dubbed 'whitewashing

A black couple from California are suing a real estate firm after their home went up in value by 50 per cent when they had a white friend pose as its owner.

Paul, 45, and Tenisha Tate Austin, 42, who are black and from Marin City near San Francisco had their home valued at $989,000 in January, having purchased it in 2016 for $550,000.

Following a second appraisal from a different lender the following month, they were shocked to find the home's value increased by a further $500,000. The couple credit 'whitewashing' the home of all signs of its owners' identity, and asking a Caucasian friend to pose as Tenisha for the second viewing as the reason for the jump in value.

They have now filed a fair housing lawsuit against appraiser Janette Miller, her firm Miller and Perotti Real Estate Appraisers, Inc. and national appraisal company AMC Links, LLC in the $487,500 discrepancy over the two valuations they received.

https://www.dailymail.co.uk/news/art...y-500-000.html
post 1652116543 12-07-2021, 07:03 AM
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This seems sketch. Why would a real estate company intentionally devalue something they'll get commission on? If the value went up after black neighbors pretended to be white I'd 100% believe it. Tons of white people in the professional managerial class love to talk about diversity but would sooner cut off their hand than live next to black people
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post 1652116673 12-07-2021, 07:07 AM
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People probably afraid of structural damage from years of them listening to loud gangster rap. That and the smell of crack is hard to get rid of
post 1652116683 12-07-2021, 07:07 AM
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Whoever pays a million dollars for a trailer on stilts should be shot

post 1652116693 12-07-2021, 07:07 AM
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Putting in renos doesnt automatically raise the value, the value is what somebody pays and you accept lol


Sounds like someone's trying to cash in on that der BLM
post 1652116703 12-07-2021, 07:07 AM
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Maybe this article is a typo... Maybe all the neighbor's houses were valued higher without the black family living there.

Funny thing would be since so many people are moving out of the state, that they can't sell the house and now get accessed with the higher value for property taxes.
post 1652116883 12-07-2021, 07:10 AM
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Originally Posted By Griggz⏩
Whoever pays a million dollars for a trailer on stilts should be shot

lmao
post 1652116943 12-07-2021, 07:13 AM
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houses iz racis
This fool's running a Honda 2000
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post 1652117003 12-07-2021, 07:15 AM
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Originally Posted By Griggz⏩
Whoever pays a million dollars for a trailer on stilts should be shot

look up Marin City on google maps, and youll see why
post 1652117123 12-07-2021, 07:18 AM
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Originally Posted By Griggz⏩
Whoever pays a million dollars for a trailer on stilts should be shot

It's the land that has the value.
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post 1652117193 12-07-2021, 07:19 AM
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Originally Posted By Jms89⏩
houses iz racis
i think the allegation is the appraiser is racist, not the house itself
post 1652117583 12-07-2021, 07:28 AM
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Originally Posted By Griggz⏩
Whoever pays a million dollars for a trailer on stilts should be shot

That legit looks like a 1980s house in the Philippines.
post 1652117623 12-07-2021, 07:29 AM
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Just lol at housing prices in America.

People spending millions in slum constructions.
post 1652117953 12-07-2021, 07:37 AM
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This is retarded.

The real estate agent isn't ultimately responsible for valuing your home. They give you comps and suggested ranges, but they'll never tell you "your house is worth $x."

There's nothing stopping them from pricing their home at $50 billion. It's "worth" what a buyer is willing to pay. Race never came into play here. These are race grifters looking for a payday.

Edit: Saw that it was two different appraisals. Why the hell were they paying for two appraisals out of pocket? That's insanity. And I can't imagine in San Francisco of all places there are so many racists that this would be a thing.
post 1652118013 12-07-2021, 07:38 AM
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hurrr durrrr I'm a victim!
post 1652118203 12-07-2021, 07:42 AM
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Originally Posted By Dan_S⏩
This is retarded.

The real estate agent isn't ultimately responsible for valuing your home. They give you comps and suggested ranges, but they'll never tell you "your house is worth $x."

There's nothing stopping them from pricing their home at $50 billion. It's "worth" what a buyer is willing to pay. Race never came into play here. These are race grifters looking for a payday.

Edit: Saw that it was two different appraisals. Why the hell were they paying for two appraisals out of pocket? That's insanity. And I can't imagine in San Francisco of all places there are so many racists that this would be a thing.
good edit....
post 1652118253 12-07-2021, 07:44 AM
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Originally Posted By Dan_S⏩
And I can't imagine in San Francisco of all places there are so many racists that this would be a thing.
lmao, liberals are the biggest racists in this country. Why else would they always be talking about it?
post 1652118323 12-07-2021, 07:46 AM
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Originally Posted By HMFIC_BROWSIN⏩
lmao, liberals are the biggest racists in this country. Why else would they always be talking about it?
this forum is mostly conservative and race seems to be mostly talked about here as well. Its time you conservacucks realize you arent that much different from libtards
post 1652118373 12-07-2021, 07:47 AM
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Originally Posted By BrianDaMan⏩
i think the allegation is the appraiser is racist, not the house itself
This.

My in-laws were recently bitten by a low appraisal-not black so can't say that has anything to do with it.

MIL happened to be home when the appraisers came by. Said it was two people and the man didn't seem to speak English, woman spoke some English. From MIL the two were going through the condo complaining about stuff like a night light and a removable shower chair in the bathroom for FIL.

I guess they can sue the appraisal company, but I can't see them getting much in damages for the amount of time and effort it will take to sue.
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post 1652118463 12-07-2021, 07:49 AM
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this is like a joke straight out of one of dave chaplles stand up shows
post 1652118483 12-07-2021, 07:49 AM
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lmao
post 1652118503 12-07-2021, 07:49 AM
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So it wasn't even the same firm that adjusted their appraisal, they got a different firm to give a 2nd appraisal and got a higher result. But that doesn't prove the first firm would have adjusted their value because of whiteness. All the people trying to cash in on racism i hope eventually makes people see the light and that this whole issue is a scam.
post 1652118513 12-07-2021, 07:49 AM
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I seen this story a while ago but looks like its back in the news again with an update or something, i guess because the lawsuit is finally going through.


Something doesnt add up. There is an almost 50% increase in the price. That is too big a difference. Real estate takes a cut of the price, if its 5% and 500k then that is 25k they would be leaving behind.

I dont know what they think they can prove in court, valuation can be subjective and they got a data size of a whopping 2 estimates. Nobody forced them to sell, if they dont like the price get a different realtor.
post 1652118553 12-07-2021, 07:50 AM
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If they'd been able to get this discrepancy from the same agency with the YT owner posing, they'd have a case.
post 1652118733 12-07-2021, 07:53 AM
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If they hadn't voted for Biden they wouldn't have this problem because they would no longer be black.

How the turntables
post 1652118813 12-07-2021, 07:54 AM
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Originally Posted By TBO1313⏩
This seems sketch. Why would a real estate company intentionally devalue something they'll get commission on? If the value went up after black neighbors pretended to be white I'd 100% believe it. Tons of white people in the professional managerial class love to talk about diversity but would sooner cut off their hand than live next to black people
For a quick sale. Freakonomics the book did a chapter on it and the real estate agent isnt paid hourly, they are paid on their percentage. If they only take 5% then holding out for the highest price isnt worth their time, they would make more selling two houses in the same time for lower market value than just waiting on one and showing it a bunch of time all while not getting paid. You want to get that last 20k for your house, because its 19k to you but only 1k to them.

But there is no reason for them to sell for 33% below market value like the people trying to say. Maybe it is harder to sell those houses up on the mountain in california and if the house is chit but the land is whats worth it then you got to find someone who wants to demolish the house ect. IDK their story doesnt add up. BRB selling 33% less because Im a white supremecist real estate agent. Ok chief.
post 1652118933 12-07-2021, 07:57 AM
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So why get mad at real estate agency? Lol as if it's their fault that the home is worth less with black owners.
post 1652118983 12-07-2021, 07:58 AM
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Originally Posted By Griggz⏩
Whoever pays a million dollars for a trailer on stilts should be shot

That’s the home???


Edit: it is the home just lmfao @ California. Legit looks like some **** I can find for 20k around here.
post 1652119403 12-07-2021, 08:06 AM
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Many years back I decided to get my appraisers license because they were going to put in some stupid reqs in order to get one the next year.

I took a week long class, and had to do 40 hours of appraisal work and I was a licensed appraiser.

Here is what you do. You go to the property, don't even need to go inside, take some measurements and some photos, then you use software to find comparables. Plug in the figures in some other software as well as the photos and it spits out an appraisal.

Even though you aren't supposed too, you will appraise high or low depending on what the person paying for it wants.

Banks have caught on to an extent and now most will limit who you can use, meaning they have an approved list.

I never really used my license, it was just one of those things in which I had the time to get, so said screw it. I stopped renewing it several years back. Not sure if that means I can catch up on it again or not.
post 1652119453 12-07-2021, 08:07 AM
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Originally Posted By Mercworx⏩
That’s the home???


Edit: it is the home just lmfao @ California. Legit looks like some **** I can find for 20k around here.
houses arent what have value, the land its on is where the value comes from. a mansion in the middle of nowhere is worth nothing.

good luck to these guys proving anything in court though lol, idk if the guy was racist so not but it sounds like he just undervalued the property, something that does happen...

generally it doesnt matter when it hits the market because people will instantly bid it up. in fact that is a common tactic in real estate here, you put it up on the market for a low price to attract a bidding frenzy.
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