STAT OF THE DAY: That Appraisal You Got? Worthless

Manhattan-based appraiser Jonathan Miller in the Wall Street Journal:

"In my opinion, 70 percent to 80 percent of appraisals that were done during the housing boom are probably not worth the paper they’re written on."

Hat tip Matrix.

Filed Under: Home, Real Estate, The Real Estate, Jonathan Miller

SEE ALSO: Manhattan Community Boards: July 28-Aug. 4

We noticed you're using an ad blocker.

We get it: you like to have control of your own internet experience.
But advertising revenue helps support our journalism.

To read our full stories, please turn off your ad blocker.
We'd really appreciate it.

How Do I Whitelist Observer?

Below are steps you can take in order to whitelist Observer.com on your browser:

For Adblock:

Click the AdBlock button on your browser and select Don't run on pages on this domain.

For Adblock Plus on Google Chrome:

Click the AdBlock Plus button on your browser and select Enabled on this site.

For Adblock Plus on Firefox:

Click the AdBlock Plus button on your browser and select Disable on Observer.com.

Then Reload the Page