Want to create an interactive transcript for this episode?
Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP and Neighborhood Analysis – TAA Podcast 127
Description: Wait a minute! You say USPAP and neighborhood analysis don’t go together? In one sense, you’re right. USPAP does not use the word neighborhood in Standard 1 or 2. For reasons unknown, the GSEs continue to use the word neighborhood, even though, in a certain context, it could have racist overtones. Seems a little hypocritical to me. But the GSEs have not asked me to function as their ethics police.
So, when it comes to USPAP and neighborhood analysis, does the appraiser have to analyze the neighborhood? That raises the question, “OK, how does one analyze the neighborhood?”...